Sinopec: Cooperate to promote shale gas exploration and development in Western Hubei and strive to build 1 bcm of production capacity in the "14th five year plan"

On June 3, the State-owned Assets Supervision and Administration Commission of the State Council and the Hubei Provincial Government jointly held a video conference of central enterprises to help revitalize development after the Hubei epidemic. This includes cooperation to promote the exploration and development of shale gas in western Hubei, and strive to build a capacity of 1 billion cubic meters in the "Fourteenth Five-Year Plan", while accelerating the construction of Jianghan salt cave natural gas storage.

Sinopec China Shale Gas 2020-06-04

The daily gas production of Changning shale gas block in southwest oil and gas field exceeds 15 mcm

On May 31, the company's Changning shale gas block produced 15.02 mcm of gas per day, breaking the 15 mcm mark, a record high.The Changning Shale Gas Block spans 4 counties including Changning County, Gong County, Xingwen County, and Junlian County in Yibin City, Sichuan Province, and is the first shale gas well in my country with commercial value. In May last year, the daily output of the block reached 10.06 mcm, entering a new era of daily output of 10 mcm. In May of this year, the block hit another record high in daily gas production

China Shale Gas 2020-06-02

ECF China Shale Weekly Review - May 31

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Industry1. Shanxi "coal formed gas" mining approval speed up, On May 25, a message came from the Department of natural resources of Shanxi Province. In order to solve the problems of many functional departments and management levels involved in the approval of coal-fired gas projects in Shanxi Province, and the project approval cycle is still too long, the app

ECF China Shale Gas 2020-06-01

Sinopec Southwest oil and gas shale gas daily production exceeds 2 million cubic meters

On May 19, the reporter learned from Daqing oil field that the development of tight oil in Daqing Oilfield is being carried out in an all-round and efficient way this year, with 115 wells planned to be put into production by the end of the year. Longxita block 21-4 of Daqing Oilfield, as a key benefit demonstration area for tight oil production in Daqing Oilfield, produced 91200 tons of oil last year. In block 21-4, 189 wells were fractured accumulatively last year. Compared with the conventional production capacity construction mode, the market operation saves 554 million yuan. The financial

Sinopec China Shale Gas 2020-05-29

The largest shale oil demonstration base in China to realize scale benefit development

The largest shale oil demonstration base in China to realize scale benefit development

China Shale Oil CNPC 2020-05-28

Sinopec West Sichuan continental gas field has a total production of 52 bcm

On May 22, it was learned from Sinopec that the West Sichuan continental gas field of Sinopec Southwest oil and gas company, the most narrow channel tight gas field in China, has produced more than 52 bcm of gas, and has achieved stable production of more than 2 bcm for 15 consecutive years. At present, the gas field has a daily gas output of 6.54 mcm, which can meet the daily gas demand of about 13 million households.

Sinopec China Shale Gas 2020-05-27

ECF China Shale Weekly Review - May 24

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Industry1. CNPC adjusts its business scope! Recently, CNPC announced that according to the actual situation of the company's business development, in order to meet the needs of oil and gas resources, geothermal resources exploration and exploitation, production and operation of some refining and chemical products, and meet the operation requirements of PetroCh

ECF China Shale Gas 2020-05-25

Post from the central government! Promote the fair opening of oil and gas pipeline networks, liberalize natural gas sources and sales prices in a timely manner

Xinhua News Agency, Beijing, May 18, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on Accelerating Improvement of the Socialist Market Economic System in the New Era" on May 11. The "Opinions" pointed out that promoting the fair opening of oil and gas pipeline networks to market players, liberalizing natural gas sources and sales prices in a timely manner, and improving the competitive oil and gas circulation market.

2020-05-22

High-yield gas wells in Gaomo area of Southwest oil and gas fields

On May 16, Gaoshi 132 well of CNPC Southwest Oil and Gas Field Company obtained a high-yield industrial gas flow with a daily output of 696,600 cm.

China Exploration CNPC 2020-05-21

CNPC adjusts its business scope!

Recently, CNPC announced that according to the actual situation of the company's business development, in order to meet the needs of oil and gas resources, geothermal resources exploration and exploitation, production and operation of some refining and chemical products, and meet the operation requirements of PetroChina's electronic sales platform, the following adjustments are proposed to the company's business scope.First, adjust "oil and natural gas exploration and production" to "exploration, exploitation and sales of oil, natural gas, coalbed methane, shale gas, shale oil, natural gas hyd

CNPC 2020-05-20

Xinjiang oil and gas exploration has made a major breakthrough

On May 14, Great good news came from the oil and gas exploration in Shawan sag of Junggar basin. The key pre exploration well chepai 24 has a high yield of 100 tons. At present, the daily oil output is 150.5 cubic meters and the daily gas output is 166 thousand cubic meters. It further shows the great potential of exploration in Shawan depression.

China Exploration CNPC 2020-05-19

ECF China Shale Weekly Review - May 17

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Industry1. Officially implemented! The Ministry of Natural Resources publishes "Opinions on Promoting the Reform of Mineral Resources Management (Trial)", On May 1, the "Opinions on Promoting Reform of Mineral Resources Management (Trial)" (hereinafter referred to as "Opinions") issued by the Ministry of Natural Resources was formally implemented. This reform

CNPC 2020-05-18

Wei 202h-19 platform has a test daily output of 1.823 mcm

On May 9, CNPC Chuanqing Drilling Company Weiyuan shale gas development block Wei 202H-19 platform 4 wells achieved high output, the test daily output totaled 1.823 million cubic meters. The daily test output of wells 5, 6, 7, and 8 of the platform were 418,000 cubic meters, 402,000 cubic meters, 588,000 cubic meters, and 415,000 cubic meters, respectively, and the average single-well test daily output was 456,000 cubic meters.The Wei 202H-19 platform is located in the core shale gas production area of Weiyuan. Four wells started fracturing on December 28, 2019, and completed fracturing on Mar

China Exploration China Shale Gas 2020-05-15

National Energy Administration: 20 specific measures to ensure national energy security,

The National Energy Administration said on May 9 that it is currently implementing 20 specific measures including promoting the stable production of old oil and gas fields in the east, accelerating the development of unconventional resources such as shale oil and gas, coalbed methane, optimizing the layout of coal production and development, and promoting energy coordination and mutual assistance. Ensure the safety of energy production and operation. At the same time, it will carry out safety monitoring of key facilities such as power grid operations and hydropower station dams, and strengthen

China Oil China Policy 2020-05-14

Officially implemented! The Ministry of Natural Resources publishes "Opinions on Promoting the Reform of Mineral Resources Management (Trial)"

On May 1, the "Opinions on Promoting Reform of Mineral Resources Management (Trial)" (hereinafter referred to as "Opinions") issued by the Ministry of Natural Resources was formally implemented. This reform includes many measures-competitive transfer of mining rights, opening up the oil and gas market, and giving full play to the decisive role of the market in allocating resources; reducing materials and links in reserve management, loosening and reducing burdens for enterprises ... all decentralized It can be canceled resolutely, and a series of “deregulation and service” reform measures will

China Exploration China Policy 2020-05-13

China's crude inventory decline may augur a rebalancing oil market

The great oil glut of 2020 may have already peaked in the world’s biggest crude importer.Crude inventories in China have shrunk in recent weeks after rising to record levels, according to analysts and satellite observations. Supplies have been drawn out of storage as refineries ramp up operations to meet rising demand from an economy emerging from lockdown.Inventories drawing in the world’s biggest importer is an early sign that rebalancing may have begun in the global oil market after an epic collapse in demand, according to Morgan Stanley. Stockpiles dwindled even as oil imports in April inc

China Oil 2020-05-12

The first shale gas field in China has a cumulative production of more than 30 billion cubic meters

On May 11, the cumulative output of Fuling shale gas field, Sinopec Jianghan Oilfield, the first shale gas field in China, exceeded 30 billion cubic meters, creating a new record of cumulative production of shale gas in China. At present, the gas field has a daily production of 17 million cubic meters, which can meet the domestic gas demand of 34 million households every day.

China Exploration Sinopec China Shale Gas 2020-05-12

ECF China Shale Weekly Review - May 10

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Industry1. Sinopec Puts China's Largest Petrochemical Port into Operation, ZHANJIANG, China, May 9, 2020 /PRNewswire/ -- Sinopec Corp (HKG: 0386), China's leading energy and chemical company, has put China's largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker (VLCC) from the Middle East. The t

ECF China Shale Gas 2020-05-11

ECF China Shale Weekly Review - May 2

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Industry1. China set to issue first-ever export quotas for VLSFO of 10 mln T for 2020 -sources, April 28, China is set to release its first-ever quotas to export very low sulphur fuel oil (VLSFO) with total volumes of 10 million tonnes for this year, six industry officials with knowledge of the matter said on Tuesday. The quotas, which followed Beijing’s polic

ECFShale 2020-05-06

China set to issue first-ever export quotas for VLSFO of 10 mln T for 2020 -sources

SINGAPORE/BEIJING, April 28 (Reuters) - China is set to release its first-ever quotas to export very low sulphur fuel oil (VLSFO) with total volumes of 10 million tonnes for this year, six industry officials with knowledge of the matter said on Tuesday.The quotas, which followed Beijing’s policy in January to offer tax sweeteners to boost local production of the fuel, paves the way for Chinese refiners to almost fully cover the demand from its coastal bonded marine fuel market of 12 million tonnes annually.The quotas will be issued to four state-run firms - Sinopec Group, CNPC, China National

China Oil Output 2020-04-30