INDUSTRY NEWS

"Key Core Technologies" Required to be Broken Through in the Government Work Report

In this year's government work report, in addition to emphasizing the importance of domestic exploration and development and increasing storage and production, the most important thing is to promote key core technology research, digital transformation of traditional industries, research and developm

China Policy China Investment 2023-03-10

Deputy to National People's Congress: Improving the Management Policy of Renewal of Oil and Gas Exploration Rights

Recently, Tao Guanghui, deputy to the National People's Congress, said in an interview that at present, the first registration period of the exploration right established by the transfer method is extended to five years. The deduction ratio is obviously too high.

Prospecting rights China Policy 2022-03-11

ECF China Shale Weekly Review -Dec 5，CNPC and Sinopec Signed A Strategic Cooperation Framework Agreement

CNPC and Sinopec Signed A Strategic Cooperation Framework Agreement. China Releases Green Development Plan Tied to Carbon-neutral Goal. Sinopec Signals Fresh Shale Success With Dongye Deep 2. Sinopec awarded Jafurah Unconventional Gas Walking Rigs Contract.Changning-Weiyuan Unconventional Gas Field.

ECF China Shale Oil China Shale Gas ECF Weekly 2021-12-05

National Development and Reform Commission Press Conference in November: Plans of Carbon Peak in Some Fields is about to Be Implemented

It is revealed that at present, the implementation plan for carbon peak neutralization in the fields of industry, transportation, urban and rural construction and the action plan for carbon peak neutralization supported by science and technology have been completed.

Environmental Protection China Policy China Investment China Electric Power 2021-11-17

What China’s 14th Five‑Year Plan Means for Investors

China recently unveiled its 14th five-year plan (FYP) to guide the country’s economic development over the coming five years, along with the blueprint for a long-term strategy that outlines its vision for 2035.

China Exploration China Policy China Natural Gas China Energy 2020-11-26

Sinopec Kickstarts Extensive Research on CO2 Emissions Peak and Carbon Neutral

China Petroleum & Chemical Corporation has established strategic cooperation with three top institutions on November 23 in Beijing, China , to take lead in a joint research on the energy and chemical industry's carbon emissions peak and carbon neutral.

China Policy Sinopec China Emissions 2020-11-25

China-Australia tensions derail Scarborough gas talks

Trade and political tensions between China and Australia have disrupted Australian independent Woodside Petroleum's talks with Chinese investors over the possible sale of a stake in the Scarborough gas project.

China Gas Global Market gas trade 2020-11-16

U.S. LNG Exports To China Expected To Grow Substantially

After a year of non-existent liquefied natural gas (LNG) exports from one of the fastest-growing global suppliers, the United States, to the fastest-growing world importer, China, American LNG cargoes started to travel again to China in March this year.

China Gas Import China LNG US-China trade dispute 2020-11-11

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 China drilling 2020-03-31

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 Gas China Shale Oil China Oil CNPC China Shale Gas 2020-01-12

China's energy supply maintains steady growth in first nine months

China has posted stronger capability of securing energy supply in the first three quarters of this year, according to the National Energy Administration (NEA) Tuesday.The output of crude oil stood at 143 million tonnes in the Jan.-Sept. period, up 1.2 percent year on year and ending a falling streak for three years in a row, while the natural gas production grew at a faster pace, increasing by 9.5 percent to 127.7 billion cubic meters, said Song Wen, deputy director of the development and planning office of the NEA.In the same period, China added 64.55 million kilowatts of power generation cap

China Electric Power 2019-11-01

China's energy consumption hits five-year record

Growth in China's energy consumption remains robust while the forms of energy continued to diversify in 2018, according to an annual report on China's energy development released Sunday by the China Electric Power Planning and Engineering Institute.Total energy consumed last year reached 4.64 billion metric tons of standard coal, a year-on-year growth of 3.3 percent – a five-year record, according to the report.Consumption of clean energy, including natural gas, hydropower, nuclear power and wind power, accounted for 22.1 percent of energy consumption last year, up 1.3 percent compared with th

China Energy 2019-04-30

China Boosts Coal To Gas Switching, But Fight On Pollution Gets Tougher

In its fight against coal emissions pollution, China significantly stepped up its coal-to-natural gas and coal-to-electricity switch to 35 cities last year from 12 cities in 2017, but the next steps to curb stifling pollution levels in cities would be much harder, according to Chinese Environment Minister Li Ganjie.A total of 4.8 million Chinese households made the switch from coal to natural gas and electricity in 2018, up from 4 million households who had switched away from coal in 2017, Reuters quoted Li as saying at a press conference on Monday. “The things that could easily be done have a

China Environmental Protection China Policy China Natural Gas 2019-03-12

Giving up gas: China’s Shenzhen switches to electric taxis

One of China’s major cities has reached an environmental milestone: an almost entirely electric-powered taxi fleet.The high-tech hub of Shenzhen in southern China announced at the start of this year that 99 percent of the 21,689 taxis operating in the city were electric. Last year, it still had 7,500 gasoline-powered taxis on the roads. A few can still be found, but electric ones far outnumber them.The metropolis of 12.5 million is the second to achieve this feat in China and the largest. The northern China city of Taiyuan, with a population of 4.3 million, has had only electric taxis since 20

China Electric Power 2019-01-14

China's Hebei to ensure clean coal supply for 2018-2020 winters

China’s Hebei province has said it will ensure sufficient supplies of clean coal during the next three winters to avoid heating fuel shortages and reduce toxic air emissions.

China Coal 2018-10-29

China "undisputed leader" in energy transition: report

China is an "undisputed leader" in the world's energy transition as the country is transforming its energy mix to sustain rapid economic growth and protect local environments and the global climate, leading energy and shipping certification agency DNV GL said Monday in a report.

China Energy 2018-09-11

China to face complicated power supply conditions this summer

China is likely to see complicated power supply conditions this summer, with prominent increases in use of electricity, coal and natural gas, the National Development and Reform Commission (NDRC) said Tuesday.

China Energy 2018-07-18

China targets regions for coal-to-gas switch to curb smog

China will switch all households in the Beijing-Tianjin-Hebei and Shanxi-Shaanxi regions from coal to gas for heating by 2020 as part of efforts to curb smog, according to a report on enforcement of air pollution legislation submitted to the National People’s Congress on Monday.

China Natural Gas 2018-07-11

Full shift to gas in China’s winter heating systems will be difficult – Woodmac

China will struggle to fuel winter heating systems exclusively with gas because the fuel is more expensive than coal and in short supply, Wood Mackenzie said in a note on Monday.