Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

Offshore oil development to benifit Zhanjiang's economy

The Wushi oilfield, an offshore oilfield 30 kilometers to the coastline of Zhanjiang, will be completed and put into operation in 2017, according to the Zhanjiang Offshore Petroleum Tax Bureau. The oilfield located in the South China Sea, i......【More】

2015-03-16

China to construct oil refinery in Tajikistan

Chinese investors will begin direct construction of enterprises for oil refining in the free economic zone in the south of the Tajikistan in the coming days. Chinas Dong Ying Heli Investment and Development Co. Ltd will start construction o......【More】

2015-03-13

Sebei gas field supply hits 35 bcm

The Sebei gas field in Chinas western Qinghai province has supplied 35 billion cubic metres to cities in Qinghai and Gansu through the Seninglan pipeline since the pipeline went online in August 1996. The field has a production capacity of......【More】

2015-03-12

China and Russia set to finalise gas deal

China and Russia will seal an agreement later this year on piped gas from Western Siberia, Chinas foreign minister said on Sunday, a deal that will continue Russias economic shift towards Asia and away from Western Europe. Russias split wit......【More】

2015-03-11

Haiyang Shiyou 981 oil rig deployed to seas off Myanmar

China National Offshore Oil Corporation (CNOOC) has announced that the Chinese flagship deepwater oil rig Haiyang Shiyou No. 981 is drilling in the Andaman Sea, south of Myanmar, 5,000 meters below sea level, the deepest of its missions so......【More】

2015-03-10

China puts energy intensity cuts in major development goal

Cutting energy intensity was listed as one of the major development goals in the annual government work report delivered by Premier Li Keqiang Thursday. Quite rare compared with previous government work reports, Thursdays report listed the......【More】

2015-03-09

China’s deep-sea oil rig drilling off Myanmar

Chinas flagship deep-sea oil rig Haiyang Shiyou No.981 is drilling offshore Myanmar in the Andaman Sea, tackling the deepest exploration well it has undertaken so far, according to a report by the rigs owner, state energy group CNOOC. The $......【More】

2015-03-05

The golden age of gas is arriving

Once upon a time, in a world in which oil was costly and energy sources seemed scarce, the International Energy Agency, a think-tank for countries which import fossil fuels, produced a special report heralding a golden age of gas. That was......【More】

2015-03-04

Oil tanker rates could rebound on China uptick

Rates for very large crude carriers (VLCCs) on key Asian routes could recover next week if chartering activity rises with Chinas return from the Lunar New Year holidays. The tonnage list is quite balanced so if we see an increase in charter......【More】

2015-03-03

Natural gas faces off against cheap oil in China

In recent years, Chinas demand for natural gas has maintained double-digit high growth, but last years demand slowed to just 8.9% growth, marking the lowest growth in 10 years, chiefly due to the impact of low oil prices, triggering risks o......【More】

2015-03-02