Sinopec Corp’s Net Profit for 9M 2017 Surges More Than 30%

The Company's operating profit was RMB 65.322 billion, up 27.6% year-on-year; Net profit attributable to equity shareholders of the Company was RMB 38.373 billion, up 31.6% from the same period last year; Basic earnings per share ("EPS") were RMB 0.317, up 31.5%.

Upstream Oil and Gas Services Market – Will China Remain the Dominant Market Through 2021?

The APAC upstream oil & gas service market is estimated to be valued at US$ 52.6 Bn by 2016 end, and is anticipated to expand at a CAGR of 4.0% over the forecast period (20162021).

Agenda Update on Sept 20 - ECF2017 7th Asia-Pacific Shale Gas Summit

​ECF2017 7th Asia-Pacific Shale Gas Summit – Conference Agenda

ECF China Shale Gas 2017-09-20

EIA projects 28% increase in world energy use by 2040

Most of this growth is expected to come from countries that are not in the Organization for Economic Cooperation and Development (OECD), and especially in countries where demand is driven by strong economic growth, particularly in Asia.

China Economy 2017-09-15

China Energy Tentacles Strengthen In Latin America BP Venture

British oil producer and refiner BP (BP) said it form a new joint venture partly backed by Chinese oil-and-gas producer Cnooc (0883.HK and CEO).

China Investment 2017-09-13

Crude oil to flow in China-Russia partnership

The first 1,000-km pipeline, originating in the Russian town of Skovorodino in the Amur region, enters China at Xingan and terminates at Daqing, and was put into service on Jan 1, 2011.

China Investment 2017-09-13

OPEC Unfazed By Falling U.S. Oil Demand

​Despite the turbulence in the oil markets due to the previous weeks’ hurricanes, OPEC’s latest report has painted a reassuring picture, indicating that the rebalancing of the oil market may be underway.

OPEC 2017-09-13

Crude oil gains in Asia with Irma impact and Chinese yuan in focus

Crude oil prices gained in Asia on Monday as the impact of Hurricane Irma was not as severe as expected so far, but still packed a wallop for Florida even as its intensity was downgraded and as investors eyed China crude buying trends in the wake of a strongly stronger yuan.

China oil prices 2017-09-12

Chinese firms seek stronger partnerships with Jordan

"It is a good venue to be at for networking and I am looking forward to having more cooperations with traders in the region, especially those working in the field of oil, energy and petrochemicals," Yang added.

China Petrochemical 2017-09-08

China Energy Giant Rewards Investors as Higher Oil Buoys Profit

PetroChina Co. took a page from the playbook of global peers known for generous dividends by deciding to pay shareholders its entire half-year net income.

Chinese conglomerate in talks over Rosneft investment

This week the two companies signed a more detailed agreement on joint exploration projects in Russia’s Siberia region, and a contract to increase crude supplies to China. Mr Sechin said the company’s priorities “include strengthening the relations with the Asia Pacific countries and, in particular,

China Investment 2017-09-07

Production targets: mergers, asset management and oil output

China’s big three oil companies have already responded to the reforms, led by Sinopec Group, which recently agreed to a pair of private companies, Chentong Holdings Group and China Reform Holdings, taking a 70% stake in SIPC, Sinopec’s overseas exploration and production company.

Private matter: the rise of China’s independent refiners

Meidan also points out that China’s domestic gas output is rebounding as firms respond to pressure to boost production to satisfy escalating demand and hit the government’s environmental targets.

Monopoly money: how will reforms impact China’s big three?

National oil companies (NOCs) CNOOC, Sinopec and CNPC booked $600bn in revenue in 2016 and contributed nearly 9% of all the profits from China’s state-owned enterprises. Beijing has no interest in breaking up that monopoly.

China changes track: analysing the Asian giant’s oil and gas reforms

China is overhauling its oil and gas sector to boost efficiency, with the market being given a more decisive role and more varied ownership of state-owned enterprises. Michal Meidan, lead analyst for Asian energy policies and geopolitics at Energy Aspects discusses the reforms.

China to push for reform on oil and gas pipeline operations

China will take measures to encourage fair and open access to the country's oil and gas pipelines as part reform to increase efficiency in the sector, according to a media report.

Russia's Rosneft inks oil production & supply deal with China

The deal will boost direct supplies of crude oil to the “strategic Chinese market and ensure a guaranteed cost-efficient export channel for the company's crude sales,” said Rosneft.

Crude oil drops in Asia despite upbeat China manufacturing PMIs

Oil prices have been under pressure this week as Tropical Storm Harvey battered the U.S. Gulf Coast, ripping through Texas and Louisiana at the heart of the U.S. petroleum industry.

Oil prices and demand fuel Sinopec’s H1 net profit

Last week, PetroChina said its net profit soared over 2,000 percent in the first half and that it would give the windfall to shareholders via a cash dividend.

China sees new world order with oil benchmark backed by gold

China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry.


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