ECF China Shale Weekly Review - Aug 9th

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. Policy & Industry1. New proven shale gas reserves increased significantly in 2019, China stepped up shale gas development last year, as the country looks to fall back on unconventional output to drive natural gas production growth. Newly proved gas reserves fell by 2.7pc to 809bn m³ in 2019 from a year earlier after a larger increase the previous year. But of 2019's incremental proved gas reserves, shale gas made up over 90pc of the

ECF China Shale Weekly Review - Aug 2th

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. Policy & Industry1. New proven shale gas reserves increased significantly in 2019, Ministry of Natural Resources: China's investment in oil and gas exploration and exploitation increased significantly in 2019, and exploration investment reached the highest in history. The new proven reserves of shale gas were 764.24 billion cubic meters, a year-on-year increase of 513.1%. The new reserves came from CNPC’s Changning shale gas field,

ECF China Shale Gas 2020-08-03

Ministry of Finance: 30% reduction of shale gas resource tax and 50% reduction of coal replacement tax

On July 3, the website of the Ministry of Finance issued an announcement on the continued implementation of preferential policies for resource tax. 30% reduction of shale gas resource tax and 50% reduction of coal replacement tax. From April 1, 2018 to March 31, 2021, shale gas resource tax will be reduced by 30%. The specific operation shall be carried out in accordance with the notice of the Ministry of Finance and the State Administration of Taxation on reducing resource tax on shale gas (CS [2018] No. 26). From December 1, 2014 to August 31, 2023, the resource tax will be reduced by 50% fo

ECF China Shale Weekly Review - Jul 5

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. Policy & Industry1.Sinopec Hubei shale gas company was establishedto accelerate shale gas exploration and development in Hubei Province, On June 22, Sinopec Hubei Shale Gas Company was established in Enshi Prefecture. This is the first company in Hubei Province to be engaged in shale gas exploration, development and sales. It will acceleratethe the pace of shale gas exploration and development in the whole province. The company has

ECF China Shale Gas 2020-07-06

Actively promote domestic oil and gas production

On June 18, the National Development and Reform Commission and the National Energy Administration recently issued the "Guiding Opinions on Doing a Good Job of Energy Security in 2020", pointing out that it is necessary to increase the flexibility of the energy system, strengthen energy security risk management and control, and ensure national energy security. Opinions point out that we must continue to vigorously enhance domestic oil and gas exploration and development efforts, and strengthen exploration efforts in key oil and gas-bearing basins such as Bohai Bay, Ordos, Tarim, and Sichuan. Pr

ECF China Shale Weekly Review - Jun 7

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: 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

ECF 2020-06-08

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
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