A national petrol and gas trading center opened for business in Shanghai in late November 2016. Xu Shaoshi,chairman of the National Development and Reform Commission, said he wished to see China＇s three largest fuel ...A national petrol and gas trading center opened for business in Shanghai in late November 2016. Xu Shaoshi,chairman of the National Development and Reform Commission, said he wished to see China＇s three largest fuel providers -- Sinopec, CNPC and CNOOC-- trading actively on the platform. Mayor of Shanghai Yang Xiong believes the new center will expand Shanghai＇s influence in the natural resources market.展开更多
Peter Quiatkowski is proud to have made his mark on China's deep-sea oil exploration industry in the past decade.'When I arrived,the oil business in China was picking up very fast.We were lucky enough to be on...Peter Quiatkowski is proud to have made his mark on China's deep-sea oil exploration industry in the past decade.'When I arrived,the oil business in China was picking up very fast.We were lucky enough to be on the move and were carried along with this,'says Quiatkowski,67,an oil expert from Britain.Since 2007,Quiatkowski has played a pioneer role in the industry as general展开更多
China＇s Hony Capital has uppeo its stake in Australian oil and gas producer Santos just eight months after selling its majority holdings to private energy player ENN group. Hony purchased 2.25 percent of the company...China＇s Hony Capital has uppeo its stake in Australian oil and gas producer Santos just eight months after selling its majority holdings to private energy player ENN group. Hony purchased 2.25 percent of the company＇s issued capital at an 11 percent premium for A$159 million （US$121.19 million）.展开更多
The surprise decision by major oil-producing nations to modestly trim output may spark China to stockpile more oil and could tighten supplies globally this winter,according to industry analysts.In early October,member...The surprise decision by major oil-producing nations to modestly trim output may spark China to stockpile more oil and could tighten supplies globally this winter,according to industry analysts.In early October,members of the Organization of Petroleum Exporting Countries(OPEC)agreed on a preliminary deal to cut production for the first time in eight years.OPEC will decide at the group's next formal meeting on November 30 in展开更多
China's oil and gas giants saw their revenues slump in the July-September period,according to their financial reports,against the backdrop of a suppressed global oil and gas market and lower domestic natural gas p...China's oil and gas giants saw their revenues slump in the July-September period,according to their financial reports,against the backdrop of a suppressed global oil and gas market and lower domestic natural gas prices.The third-quarter reports of China's big three oil firms-China National Petroleum Corporation(CNPC),China National Offshore Oil Corporation(CNOOC)and China Petrochemical Corporation(Sinopec Group)展开更多
Daqing Oilfield is the largest oilfield in China.Its current troubles reflect a greater reality in the country:once a major oil exporter,China is now one of the world's largest net oil importers.The development co...Daqing Oilfield is the largest oilfield in China.Its current troubles reflect a greater reality in the country:once a major oil exporter,China is now one of the world's largest net oil importers.The development costs of aging oilfields within China,including the Daqing Oilfield,are on the rise.Thus,it is often more cost-effective to purchase oil from other places of the world to meet the rising demand for oil展开更多
Venezuela and China have reached a US$2.2 billion agreement to jointly produce 227,000 more barrels of oil a day,according to recent reports from the state Venezuelan News Agency.President Nicolas Maduro announced the...Venezuela and China have reached a US$2.2 billion agreement to jointly produce 227,000 more barrels of oil a day,according to recent reports from the state Venezuelan News Agency.President Nicolas Maduro announced the deal after meeting with representatives from the China National Petroleum Corporation（CNPC）in Caracas,the agency said.Venezuelan state oil company PDVSA andthe CNPC in 2007 created a joint venture, Petrozumano, to increase production mainly for exporting to China.展开更多
It is my great honor to attend the 35^(th)CERA Weekthe world-renowned forum and exchange platform for the energy industry.Through this opportunity,I am delighted to share my observations and thoughts on the Transforma...It is my great honor to attend the 35^(th)CERA Weekthe world-renowned forum and exchange platform for the energy industry.Through this opportunity,I am delighted to share my observations and thoughts on the Transformation and Development of Chinese Energy Enterprises under China's New Economic Normal.展开更多
China＇s oil giant China National Petroleum Corporation started to implement guidelines on reforms for a market-oriented economy and mixed-ownership.＂The reforms toward a market-oriented economy will help the company...China＇s oil giant China National Petroleum Corporation started to implement guidelines on reforms for a market-oriented economy and mixed-ownership.＂The reforms toward a market-oriented economy will help the company improve its products, pricing mechanism and services.展开更多
Energy giants-China National Petroleum Corporation(CNPC)and Total-recently signed a USD4.8 billion natural gas development project with Iran,enabling the Middle Eastern country to make the first joint venture with int...Energy giants-China National Petroleum Corporation(CNPC)and Total-recently signed a USD4.8 billion natural gas development project with Iran,enabling the Middle Eastern country to make the first joint venture with international partners since UN sanctions on Iran were eased in January 2016.Paris-based Total will control50.1 percent in the project,with CNPC taking 30展开更多
China has shown strong climate leadership by incorporating green finance into the agenda of G20 and is now making energetic efforts to further push the Paris Agreement to come into force.China proposed the G20 Green F...China has shown strong climate leadership by incorporating green finance into the agenda of G20 and is now making energetic efforts to further push the Paris Agreement to come into force.China proposed the G20 Green Finance Study Group,led by the central banks of China,the UK,which developed a report on green finance for the Hangzhou summit which was held in September 2016 and coordinated a fiscal stimulus to support green growth.展开更多
Within the reforms currently being undergone by state-owned companies,asset structure optimization is a'top priority'area.The main idea of asset structure optimization is that the state-owned oil enterprises,a...Within the reforms currently being undergone by state-owned companies,asset structure optimization is a'top priority'area.The main idea of asset structure optimization is that the state-owned oil enterprises,as the main bodies of market competition,adjust and optimize their regional layouts,business structures,asset structures,and shareholding structures within the whole group based on market transaction rules and international展开更多
Recently, journalists from national media organizations gathered at the Jiawo New Energy Company in Xinyu city to cover its production of lithium batteries alongside the new energy innovation and development. Located ...Recently, journalists from national media organizations gathered at the Jiawo New Energy Company in Xinyu city to cover its production of lithium batteries alongside the new energy innovation and development. Located in the Xiacun Industry Park of Xinyu city, the Jiawo New Energy Company covers an area measuring 46,000 square meters and employs around 1,300 workers.展开更多
On November 7 in St. Petersburg, Russia, in the presence of the Chinese Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev, CNPC Vice President Xu Wenrong and Chairman of Gazprom Management Committee Alexey...On November 7 in St. Petersburg, Russia, in the presence of the Chinese Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev, CNPC Vice President Xu Wenrong and Chairman of Gazprom Management Committee Alexey Miller signed an agreement to cooperate in the field of mutual recognition of standards and conformity assessment results, and an MOU to explore the opportunities for cooperation in the NGV sector.展开更多
A slump in oil and coal prices has left China without a company in the top 10 of an annual global energy-industry ranking, but five additional Chinese companies made the list from 2015. S＆P Global Platts released its...A slump in oil and coal prices has left China without a company in the top 10 of an annual global energy-industry ranking, but five additional Chinese companies made the list from 2015. S＆P Global Platts released its annual list of the top 250 global energy companies in September and no Chinese firms were in the top 10.展开更多
Implications of providing social capitals access to infrastructures against the background of the current economic state and reform trends in China Recently,the Chinese government's encouragement of social capital...Implications of providing social capitals access to infrastructures against the background of the current economic state and reform trends in China Recently,the Chinese government's encouragement of social capitals to invest in infrastructure has raised many eye brows.In reality,however,it is actually a form of the so-called PPP(public-private partnership)mode of cooperation between social capitals and the展开更多
China National Petroleum Corporation is to split its natural gas sales and pipeline units,a move that will further accelerate natural gas industry reform and promote a market-based pricing system for the sector,expert...China National Petroleum Corporation is to split its natural gas sales and pipeline units,a move that will further accelerate natural gas industry reform and promote a market-based pricing system for the sector,experts say.The newly separated pipeline company will be responsible for all pipeline-related operations,while the corporation will establish five individual natural gas sales companies.展开更多
China＇s energy consumption is expected to reach 4.36 billion tons of coal equivalent in 2016, up 1.4 percent year on year. Non-fossil fuel consumption accounts for 13.3 percent of the total amount, up 1.3 percentage ...China＇s energy consumption is expected to reach 4.36 billion tons of coal equivalent in 2016, up 1.4 percent year on year. Non-fossil fuel consumption accounts for 13.3 percent of the total amount, up 1.3 percentage points year on year, as China encourages users to switch from coal and oil to cleaner fuels, Nur Bekri, director of National Energy Administration, recently told a conference.展开更多
There are abundant proved oil reserves in Sudan and South Sudan,and Chinese companies are looking for petroleum business opportunities in Sudan and South Sudan.There is a bright future for cooperation in oil developme...There are abundant proved oil reserves in Sudan and South Sudan,and Chinese companies are looking for petroleum business opportunities in Sudan and South Sudan.There is a bright future for cooperation in oil development in both Sudan and South Sudan.China,Sudan and South Sudan will continue to benefit from collaboration in petroleum industry.展开更多
China's national hydrocarbon resources assessment(2015),which is a classified assessment for oil,gas,shale gas,and coalbed methane,has been successfully carried out,and has achieved systematical results and genera...China's national hydrocarbon resources assessment(2015),which is a classified assessment for oil,gas,shale gas,and coalbed methane,has been successfully carried out,and has achieved systematical results and generated the newest understandings regarding the potential of China's hydrocarbon resources.The results indicate that China has abundant hydrocarbon resources,including a considerable resource potential of shale gas and coalbed methane,but it also predicts that China will face increasing levels of difficulty in exploration and development.展开更多
文摘A national petrol and gas trading center opened for business in Shanghai in late November 2016. Xu Shaoshi,chairman of the National Development and Reform Commission, said he wished to see China＇s three largest fuel providers -- Sinopec, CNPC and CNOOC-- trading actively on the platform. Mayor of Shanghai Yang Xiong believes the new center will expand Shanghai＇s influence in the natural resources market.
文摘Peter Quiatkowski is proud to have made his mark on China's deep-sea oil exploration industry in the past decade.'When I arrived,the oil business in China was picking up very fast.We were lucky enough to be on the move and were carried along with this,'says Quiatkowski,67,an oil expert from Britain.Since 2007,Quiatkowski has played a pioneer role in the industry as general
文摘China＇s Hony Capital has uppeo its stake in Australian oil and gas producer Santos just eight months after selling its majority holdings to private energy player ENN group. Hony purchased 2.25 percent of the company＇s issued capital at an 11 percent premium for A$159 million （US$121.19 million）.
文摘The surprise decision by major oil-producing nations to modestly trim output may spark China to stockpile more oil and could tighten supplies globally this winter,according to industry analysts.In early October,members of the Organization of Petroleum Exporting Countries(OPEC)agreed on a preliminary deal to cut production for the first time in eight years.OPEC will decide at the group's next formal meeting on November 30 in
文摘China's oil and gas giants saw their revenues slump in the July-September period,according to their financial reports,against the backdrop of a suppressed global oil and gas market and lower domestic natural gas prices.The third-quarter reports of China's big three oil firms-China National Petroleum Corporation(CNPC),China National Offshore Oil Corporation(CNOOC)and China Petrochemical Corporation(Sinopec Group)
文摘Daqing Oilfield is the largest oilfield in China.Its current troubles reflect a greater reality in the country:once a major oil exporter,China is now one of the world's largest net oil importers.The development costs of aging oilfields within China,including the Daqing Oilfield,are on the rise.Thus,it is often more cost-effective to purchase oil from other places of the world to meet the rising demand for oil
文摘Venezuela and China have reached a US$2.2 billion agreement to jointly produce 227,000 more barrels of oil a day,according to recent reports from the state Venezuelan News Agency.President Nicolas Maduro announced the deal after meeting with representatives from the China National Petroleum Corporation（CNPC）in Caracas,the agency said.Venezuelan state oil company PDVSA andthe CNPC in 2007 created a joint venture, Petrozumano, to increase production mainly for exporting to China.
文摘It is my great honor to attend the 35^(th)CERA Weekthe world-renowned forum and exchange platform for the energy industry.Through this opportunity,I am delighted to share my observations and thoughts on the Transformation and Development of Chinese Energy Enterprises under China's New Economic Normal.
文摘China＇s oil giant China National Petroleum Corporation started to implement guidelines on reforms for a market-oriented economy and mixed-ownership.＂The reforms toward a market-oriented economy will help the company improve its products, pricing mechanism and services.
文摘Energy giants-China National Petroleum Corporation(CNPC)and Total-recently signed a USD4.8 billion natural gas development project with Iran,enabling the Middle Eastern country to make the first joint venture with international partners since UN sanctions on Iran were eased in January 2016.Paris-based Total will control50.1 percent in the project,with CNPC taking 30
文摘China has shown strong climate leadership by incorporating green finance into the agenda of G20 and is now making energetic efforts to further push the Paris Agreement to come into force.China proposed the G20 Green Finance Study Group,led by the central banks of China,the UK,which developed a report on green finance for the Hangzhou summit which was held in September 2016 and coordinated a fiscal stimulus to support green growth.
文摘Within the reforms currently being undergone by state-owned companies,asset structure optimization is a'top priority'area.The main idea of asset structure optimization is that the state-owned oil enterprises,as the main bodies of market competition,adjust and optimize their regional layouts,business structures,asset structures,and shareholding structures within the whole group based on market transaction rules and international
文摘Recently, journalists from national media organizations gathered at the Jiawo New Energy Company in Xinyu city to cover its production of lithium batteries alongside the new energy innovation and development. Located in the Xiacun Industry Park of Xinyu city, the Jiawo New Energy Company covers an area measuring 46,000 square meters and employs around 1,300 workers.
文摘On November 7 in St. Petersburg, Russia, in the presence of the Chinese Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev, CNPC Vice President Xu Wenrong and Chairman of Gazprom Management Committee Alexey Miller signed an agreement to cooperate in the field of mutual recognition of standards and conformity assessment results, and an MOU to explore the opportunities for cooperation in the NGV sector.
文摘A slump in oil and coal prices has left China without a company in the top 10 of an annual global energy-industry ranking, but five additional Chinese companies made the list from 2015. S＆P Global Platts released its annual list of the top 250 global energy companies in September and no Chinese firms were in the top 10.
文摘Implications of providing social capitals access to infrastructures against the background of the current economic state and reform trends in China Recently,the Chinese government's encouragement of social capitals to invest in infrastructure has raised many eye brows.In reality,however,it is actually a form of the so-called PPP(public-private partnership)mode of cooperation between social capitals and the
文摘China National Petroleum Corporation is to split its natural gas sales and pipeline units,a move that will further accelerate natural gas industry reform and promote a market-based pricing system for the sector,experts say.The newly separated pipeline company will be responsible for all pipeline-related operations,while the corporation will establish five individual natural gas sales companies.
文摘China＇s energy consumption is expected to reach 4.36 billion tons of coal equivalent in 2016, up 1.4 percent year on year. Non-fossil fuel consumption accounts for 13.3 percent of the total amount, up 1.3 percentage points year on year, as China encourages users to switch from coal and oil to cleaner fuels, Nur Bekri, director of National Energy Administration, recently told a conference.
文摘There are abundant proved oil reserves in Sudan and South Sudan,and Chinese companies are looking for petroleum business opportunities in Sudan and South Sudan.There is a bright future for cooperation in oil development in both Sudan and South Sudan.China,Sudan and South Sudan will continue to benefit from collaboration in petroleum industry.
文摘China's national hydrocarbon resources assessment(2015),which is a classified assessment for oil,gas,shale gas,and coalbed methane,has been successfully carried out,and has achieved systematical results and generated the newest understandings regarding the potential of China's hydrocarbon resources.The results indicate that China has abundant hydrocarbon resources,including a considerable resource potential of shale gas and coalbed methane,but it also predicts that China will face increasing levels of difficulty in exploration and development.
