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

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

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 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

China launches long-awaited National Pipeline Company Dec 9

China launched its long-awaited national pipeline company Monday, state-owned Xinhua news agency reported, a move that is set to expand infrastructure access to energy industry stakeholders.The new company is expected to break up long-existing monopolies in China's oil and gas sectors, with the ultimate goal of enhancing supply security and lowering the cost of the country's energy consumption, market sources said."[This is] a key step towards deepening China's oil and gas reforms by increasing suppliers and supply channels of upstream resources and building a more efficient and competitive pi

China Gas Pipeline 2019-12-10

China and Russia to turn on gas pipeline tap as neighbours forge stronger energy ties

Natural gas is set to begin flowing from Siberia into northeastern China early next month, opening up a new supply route between Russia and its energy-hungry neighbour.The project, a joint agreement between state energy giants China National Petroleum Corporation and Russia’s Gazprom, is part of efforts to bolster economic and diplomatic ties between the two countries, relations that have strengthened over the five years since the project was launched.In Moscow on Monday, Chinese vice foreign minister Le Yucheng called the project a “major achievement”, marking both the 70th anniversary of dip

China Natural Gas 2019-11-27

Putin & Xi to launch strategic natural gas pipeline from Russia to China in December

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping will take part in the launching ceremony of the Power of Siberia gas pipeline, set to be held next month.While the leaders will not be physically present at the event, they will join via a teleconference, Russian presidential aide Yury Ushakov told media on Monday. The Chinese Foreign Ministry confirmed the official ceremony will happen when the pipeline becomes operational in December.“The Sino-Russian eastern route was agreed by the leaders of the two states. This is an important strategic project in the field of energy

2019-11-14

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

New law gives China’s regions power to tax resources

Chinese legislators have approved a law that will give local governments the authority to tax as many as 164 resources, including fossil fuels, minerals and eventually water, the Ministry of Finance said on Monday.The National People’s Congress, China’s top legislature, approved the resource tax law, which would take effect in September next year, the ministry said.Officials said it would not raise the overall taxes on local companies.Major resources such as crude oil or rare earths would remain subject to a fixed tax rate set by the central government, but local authorities would be able to a

China Policy 2019-08-29

【ECF News】China NEA Director: Establish "14th Five-Year" Energy Plan ASAP; Accelerate More Oil and Gas Supporting Policies

On August 13, Zhang Jianhua, director of the National Energy Administration, wrote a signed article "Promoting the high-quality development of energy industry in the new era (in-depth study and implementation of Xi Jinping's new era of socialism with Chinese characteristics)" in China's official newspaper People's Daily.The article pointed out that the energy development plan during the "14th Five-Year" and a longer period of time should be established as soon as possible, and the guiding opinions for promoting the high-quality development of the energy industry should be formulated. It is nec

2019-08-14

【ECF News】Oil & gas exploration and development in China: why is it difficult for new entrants?

Oil & gas exploration and development is a high-risk industry. Hundreds of millions could be invested with nothing coming out. Therefore, engaging in oil and gas exploration and development requires sufficient financial strength and anti-risk ability, in addition to the corresponding technology and experience. In these respects, many new entrants are seriously inadequate compared with the oil majors.As China's oil and gas system reform continues to deepen, the opening door to oil and gas exploration and development is also widening.From the Ministry of Natural Resources's (formerly the Ministr

ECF China Shale Weekly Review - July 28, 2019

ECF China Shale Weekly Review - July 28, 2019

ECF China Shale Weekly Review - July 21, 2019

China Oil Drilling Market Analysis

【ECF News】 China Oil Drilling Market Analysis

In the next few years, the workload of China's oil industry is expected to maintain rapid growth.

【ECF Mews】China Oil & Gas in 2018: shale gas exploration and development progressed smoothly; oil & gas exploration investment continued to rise

China's Ministry of Natural Resources released "National Oil and Gas Resources Exploration and Production Report (2018)" on Monday, concluded the country's oil & gas exploration and production status for the past year.1. Oil & gas exploration and mining investment continued to riseIn 2018, the investment in exploration and production of oil and gas (including oil, natural gas, shale gas, coalbed methane and natural gas hydrate) was 63.658 billion yuan and 203.106 billion yuan, up 8.9% and 24.7% year-on-year. 44,000km of 2D seismic survey was applied with an annual increase of 13.5%. 34,000 squ

ECF China Shale Weekly Review - July 14, 2019

ECF China Shale Weekly Review - July 14, 2019

【ECF News】Accelerated technological innovation in the oil and gas industry

Author: Lv Jianzhong, Deputy Director, CNPC Economics & Technology Research InstituteAs the pace of global energy transformation continues to accelerate, the international oil and gas industry is entering an important turning point and facing a historic choice of technology-led future. International oil companies and service companies are increasingly taking technological innovation as the company's power source and lifeline. In particular, more emphasis is placed on the practicality and pertinence of technology, the drive for value creation, collaborative innovation and cross-border cooperati

Tech CNPC ECFShale Opinion 2019-07-12
Top
Message

Please leave your comment

Name*
Tel*
Email*
Company*
Message*
提交