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

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 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

Ministry of natural resources: Approval and decentralization of some mineral mining rights

The Ministry of Natural Resources announced on the 17th that from May 1, 2020, the same level of management shall be implemented for the registration of prospecting rights and mining rights of the same mineral.From May 1, 2020, 14 mineral resources of petroleum, hydrocarbon natural gas, shale gas, natural gas hydrate, radioactive minerals, tungsten, rare earth, tin, antimony, molybdenum, cobalt, lithium, potassium salt, crystalline graphite Prospecting and mining rights The new establishment, continuation, and alteration (involving changes in the mineral type, subject to the changed main miner

China Policy 2020-04-21

China removes import quotas on some tax-free oil and gas drilling equipment

China introduced an application-based import quota regime in 2016 to offer import tax waivers for nearly 400 pieces of equipment used in oil and gas exploration, in order to boost domestic energy outputBEIJING: China said it is to remove import quotas on some tax-free onshore and offshore oil and gas drilling equipments used in some specified regions, the finance ministry said in a statement on Monday.China introduced an application-based import quota regime in 2016 to offer import tax waivers for nearly 400 pieces of equipment used in oil and gas exploration, in order to boost domestic energy

China Policy 2020-03-31

Li Fanrong confirmed CNPC general manager

The Chinese government has appointed Li Fanrong as the general manager of state giant China National Petroleum Corporation (CNPC).

China to Offer Tariff Exemptions; Global Gas Outlook Dims Further

China said Tuesday it would offer tariff exemptions for hundreds of U.S. goods, including crude oil and liquefied natural gas (LNG), as part of efforts to ease trade tensions.The country plans to accept applications from Chinese buyers starting early next month.

China’s Guizhou province sets shale gas target for 2025

China’s southwestern province of Guizhou has set up its shale gas development plan for 2025, aiming for 1.2 billion cubic metres (bcm) of production by then, state news agency Xinhua reported on Wednesday* Citing a provincial government document, the report said Guizhou aims for proven shale gas reserves of 50 bcm and build an annual production capacity of 2 bcm by 2025* Key production blocks include Zheng An and Xishui, while exploration work will be focused on Daozhen, Tongzi and Cengong blocks* Provincial government-backed Wujiang Energy Group and Sinopec Corp will be the main firms develop

Zhang Yuzhuo named Chairman of Sinopec Group

Zhang Yuzhuo became Chairman and Secretary of Party Leadership Group of Sinopec Group, whose appointment was announced on January 17, 2020.

Sinopec 2020-02-11

Holiday Notice - Jan 24 - Jan 30, 2020

Holiday Notice - Jan 24 - Jan 30, 2020

ECFShale 2020-01-23

ECF China Shale Weekly Review - January 19, 2020

ECF China Shale Weekly Review - January 19, 2020

USITC INSTITUTES SECTION 337 INVESTIGATION OF CERTAIN SHAKER SCREENS FOR DRILLING FLUIDS, COMPONENTS THEREOF, AND RELATED MARKETING MATERIALS from Chinese suppliers

USITC INSTITUTES SECTION 337 INVESTIGATION OF CERTAIN SHAKER SCREENS FOR DRILLING FLUIDS, COMPONENTS THEREOF, AND RELATED MARKETING MATERIALSThe U.S. International Trade Commission (USITC) has voted to institute an investigation of certain shaker screens for drilling fluids, components thereof, and related marketing materials. The products at issue in the investigation are described in the Commission’s notice of investigation.The investigation is based on an amended complaint filed by M-I L.L.C. of Houston, TX, on November 7, 2019. The amended complaint alleges violations of section 337 of t

China Petrochemical 2020-01-15

China Opens Up to Oil Majors at the Wrong Time

Broad new horizons in key markets are opening for the world’s energy companies. Don’t expect to see a land rush any time soon. China will allow all large domestic and foreign companies to apply for oil and gas exploration licenses that were previously only open to state-owned enterprises, the country’s resources ministry said at a briefing Thursday. In India, regulators will also let private and international companies bid for a group of coal blocks it’s putting up for auction starting this month, the country’s coal and mines minister Pralhad Joshi said this week, chipping away at a near-monop

ECF China Shale Weekly Review - January 12, 2020

ECF China Shale Weekly Review - January 12, 2020

Energy China Forum 2020 Recruitment Notification - International Project Officer

Energy China Forum 2020 Recruitment Notification - International Project Officer, Shanghai ChinaEnergy China ForumDowntown, Huangpu District, Shanghai, ChinaFull-timeResponsibility:1. Responsible for international project promotion, including planning, publicity and copywriting;2. Organize or provide assistance to international industry summit, global conferences and other events;3. Responsible for daily communication, marketing, maintenance and following up with global energy institute, governments, associations and energy companies;4. Responsible for market research, including industry dynam

China opens up oil and gas exploration, production to foreign firms

China will for the first time allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants as Beijing looks to boost domestic energy supplies.The long-awaited opening comes alongside Beijing’s reshuffle in the so-called “midstream” pipeline business, but experts say the policy relaxation may not draw immediate interest from international drillers due to overall poor asset quality of China’s hydrocarbon resources.From May 1, 2020, foreign firms registered in China with net assets no lower than 300 million yuan

China Policy 2020-01-09

ECF China Shale Weekly Review - January 5, 2020

ECF China Shale Weekly Review - January 5, 2020

【ECF News】China's oil and gas industry policy will enter a implemention stage in 2020

In 2019, the policies and regulations related to the reform of the oil and gas industry promulgated at the national level mainly involve the open of market access, market supervision, system reform, and price reform, and rarely involved industrial development and planning. The policies and regulations related to the oil and gas industry introduced in 2019 are basically based on the "big reform of the entire industrial chain".The year of 2020 is the ending year of the 13th five year plan period. After the first two years of top-level design, this year can be said to have truly entered the "comp

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