PetroChina - The Oil Giant That Investors Ignore

PetroChina, the public division of China’s state giant CNPC, has quietly become the third-largest oil and gas company globally, with a market cap exceeding Chevron’s since the start of this year; quietly, because it tends to stay out of most investors’ radars, for a number of reasons.

China is rapidly developing its clean-energy technology

WHEN IT COMES to energy, no country generates such bittersweet superlatives as China. It is the world’s largest consumer of coal and the second-largest of oil, after America. It has the largest power-generation capacity, by a wide margin.

Wind Power Solar 2018-03-16

China suspends oil price adjustment

China's top economic planner announced Wednesday that it would keep domestic retail oil prices unchanged as global oil prices have not fluctuated significantly in the past two weeks.

China oil prices 2018-03-15

China's CNPC crude production fell 1.6 pct y/y in Jan-Feb

Data from the National Bureau of Statistics showed that industrial output climbed 7.2% year-on-year in January to February period, while growth was seen at 6.2%, the same as in December.

China Oil Output CNPC 2018-03-15

China data: Jan-Feb crude throughput rises 7.3% on year to 11.6 mil b/d

China's refinery crude throughput rose 7.3% year on year to 93.4 million mt, or an average 11.6 million b/d, over January-February, according to preliminary data released Wednesday by the National Bureau of Statistics.


Chinese Oil Production Hits Record Low

Ageing fields and high production costs dragged down China’s domestic crude oil production in January and February, on par with the lowest level on record according to Chinese government data.

China Oil Output 2018-03-15

China's Xinjiang Beiken starts drilling first well for Ukrgazvydobuvannia

China's Xinjiang Beiken Energy Engineering has started drilling a first well for public joint-stock company Ukrgazvydobuvannia under a contract to drill 24 wells signed last autumn, the press service of the Ukrainian company has reported.


Sinochem plans $2 billion Hong Kong IPO of oil assets: IFR

China’s Sinochem Group has invited banks to pitch for roles in a proposed Hong Kong listing of its key oil assets, which could raise about $2 billion, IFR reported on Monday, citing three people with knowledge of the matter.

IPO Sinochem 2018-03-14

China’s Mystery Russia Oil Partner Seen Delaying $9 Billion Deal

CEFC China Energy Co.’s planned $9 billion purchase of a stake in Russian oil giant Rosneft PJSC has been delayed, according to a Chinese rating agency, citing discussions with the Chinese company that’s recently come under scrutiny.

China gears up for launch of crude oil futures

China is set to launch a much-anticipated yuan-denominated crude oil futures contract in two weeks, and institutions have been preparing their clients for it.

China Economy 2018-03-14

China bets on a yuan-oil bonanza

The Shanghai International Energy Exchange (INE)—a child of the Shanghai Futures Exchange—continues to excite and frustrate domestic and international market participants over the launch of its crude-oil futures contract.

China Oil Opinion 2018-03-14

China Now Produces More Oil Abroad Than At Home

China is among the most import-dependent large oil consumers, but imports, it seems, are not its only problem when it comes to oil.

China Oil Output 2018-03-14

China slows down spending on Belt and Road energy projects

The nation’s financing for Belt and Road Initiative energy projects dropped 28 per cent to US$14.3 billion last year from US$19.9 billion, according to data released Monday by Boston University’s Global Development Policy Centre.

China looking to become co-owner of Russia's biggest oil company

Chinese state-controlled Huarong Asset Management has bought a 36.2 percent stake in the unit of CEFC China Energy through which CEFC is acquiring a $9.1 billion stake in Russian oil giant Rosneft.

Economic Watch: China gears up for launch of crude oil futures

Chinese institutions are preparing for the launch of much-anticipated yuan-denominated crude oil futures, a move seen to give the country greater pricing power over commodities.

China Crude Oil 2018-03-13

How China Is About to Shake Up the Oil Futures Market

China, the world’s biggest oil buyer, is opening a domestic market to trade futures contracts. It’s been planning one for years, only to encounter delays.

China's CNPC says to buy 30-pct stake in Brazilian fuel distributor

China’s CNPC said on Thursday that its international unit, PetroChina International Co, has agreed to buy a 30-percent stake in Brazilian oil products trader TT Work, as it pushes to expand abroad.

Sinopec 2018-03-12

China's February oil imports fall as tax rules curb buying by independents

China’s February crude oil imports fell sharply from January’s record as independent refineries curbed buying amid worries about new tax rules, while natural gas imports held at high levels to heat homes during a bitter winter.

South Africa watchdog approves $900 million Sinopec, Chevron deal

China’s Sinopec Corp got a major boost in its pursuit of Chevron’s South Africa and Botswana assets after South Africa’s Competition Tribunal approved, with conditions, the $900 million transaction on Friday.

Sinopec 2018-03-12

China plans to create energy ministry in government shake-up – sources

China plans to create an energy ministry to oversee the country’s vast oil, natural gas, coal and power sectors, part of a government shake-up to make policymaking more efficient, four sources with ties to the country’s leadership said this week.

China Policy 2018-03-09

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