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China oil
Oil Field
China’s CNOOC Discovers 100 Mln-Ton Oilfield in South China Sea
The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes on Monda…
Oil & Gas Trade
PetroChina Reports Record 2024 Net Income on Higher Production
PetroChina (601857.SS), Asia's largest oil and gas producer, on Sunday said annual net profit rose 2% to a record high, as moderately higher production help…
Oil Field
Oilfield With 100 Million Tons of Shale Oil Reserve Certified in E.china
The Shengli Oilfield, under China Petrochemical Corp (Sinopec Group), the country's largest oil refiner, said its Jiyang shale gas oilfield has officially p…
Oil&Gas Drilling
CNOOC Limited Brings On-Stream Luda 5-2 North Oilfield Phase II Development Project
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Luda 5-2 North Oilfield Phase II Development …
Oil Price
China to Cut Gasoline, Diesel Retail Prices on Thursday
China will reduce the retail prices of gasoline and diesel on Thursday, the first such move this year, based on recent changes in international oil prices, the …
Oil&Gas Drilling
Chinese Researchers Use Earth Science Satellite to Monitor Offshore Oil, Gas Platforms
Chinese researchers have unveiled a novel application of the Earth science satellite SDGSAT-1 for observing offshore oil and gas platforms.The study, led by res…
Oil Refinery
China Oil Teapots Cut Run Rates to Pandemic Levels
Private oil processors in China have slashed their operating rates to levels last seen at the beginning of the pandemic, as U.S. sanctions on Russia cut a key s…
Oil Field
Production Begins in Mega Metamorphic Rock Oilfield in China’s Bohai Sea
The first phase of Bozhong 26-6 oilfield, by far the largest metamorphic rock oilfield in the world, commenced production on Friday.The development project of t…
Oil Field
New Oil Reserves Identified in Xinjiang’s Tarim Basin, Signaling Vast Potential
China has identified newly proven oil equivalent reserves of 55.56 million tons in the Tarim Basin, located in the Xinjiang Uygur autonomous region, the China G…
Oil Price
China Oil Demand Growth Poised to Slow to Around 4% In H1 2024 -Analysts
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/File Photo Acquire Licensing RightsChina's oil …
Oil & Gas Trade
COSL Wins $123 Million Mexico Oilfield Services Deal
China Oilfield Service Ltd (COSL) has secured a contract to deliver comprehensive onshore oilfield services to an undisclosed major oil company in Mexico.Althou…
Oil Price
China Oil Giant CNOOC Jumps 20% in First Mainland Trading
Cnooc Ltd. jumped 20% in its first day of trading in Shanghai as mainland investors jumped at the chance for exposure to soaring oil and gas prices.
Crude Oil
China’s November Base Oil Imports Rise
China's base oil imports rose in November, supported by increased demand for replenishment cargoes at lower prices.
Crude Oil
China's Largest Offshore Oilfield Yields Over 30M tonnes of Crude Oil
China's largest oil field located in Bohai Bay produced more than 30 million tonnes of crude oil in 2021, top-ranked nationwide.
Crude Oil
China Oil Demand Seen Peaking In 2030
Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested.
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