CNPC to increase output of oil and gas

China National Petroleum Corp, the State-owned energy giant, is planning to ramp up oil and gas output to more than 200 million metric tons of oil equivalent this year, while looking to raise the share of natural gas output to a record high of 50 percent.The company announced the annual goal during its work conference for 2020 held on Tuesday in Beijing. It plans to invest 5 billion yuan ($726 million) this year on oil and gas exploration.Natural gas capacity at CNPC's Tarim Oilfield and Southwest oil and gas field will exceed 30 billion cubic meters, while shale gas production will surpass 11

CNPC 2020-01-16

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

China Discovered More than 1.8 Billion Tonnes of New Oil Reserves in 2019

China's national oil corporation, the country's largest oil and gas supplier, discovered a record high of 1.84 billion tonnes of reserves in 2019.More than 1 million tonnes of oil have been found in the Ordos basin, while over 1 trillion shale gas have been explored in the Sichuan and Tarim basins.According to the company, the results are due to intensive research and technological innovations.

China Set to Add 1.2 Billion Tonnes to Proved Petroleum Reserves This Year

China expects to add 1.2 billion tonnes to its proved petroleum reserves in 2019, 25% more than was added in 2018, the official Xinhua news agency said, citing an industry conference.The country also expects to add new natural gas reserves of 1.4 trillion cubic metres, 68% more than it added last year.Crude oil production is seen reaching 191 million tonnes (£36.77 billion), according to Xinhua.China will accelerate ocean and deep water oil and gas exploration in 2020, it added, after investment in upstream exploration and developments was seen reaching 332.1 billion yuan ($47.18 billion) this

China Crude Oil 2019-12-18

China Oct crude oil output flat, gas up 8.2% y/y -stats bureau

China’s October crude oil output was flat to a year earlier at 16.11 million tonnes, data from the National Bureau of Statistics showed on Thursday.Natural gas output in October rose 8.2% from the same month last year to 14.6 billion cubic metres, the data showed.

2019-11-15

【ECF News】Summary of new technologies in major oil fields of PetroChina (1H 2019) - Part II

Dagang OilfieldTechnology: key technology for fine layered water injection in sand-flow and high pressure deep reservoirEffect: The project overcomes the technical problems of dispensing in HTHP deep inclined wells. The overall technology has reached the international advanced level. And the multi-stage dispensing and inspection & sealing technology in HTHP deep inclined wells has reached the international leading level.Low-maturity shale oil cementing technology in Jilin OilfieldTechnology: supporting pre-stressed cementing & completion technologyEffect: The low-maturity shale oil reserves in

ECF China Shale Weekly Review - August 11, 2019

ECF China Shale Weekly Review - August 11, 2019

【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

【ECF2019】CO2 Fracking vs Water Fracking: Cost & Applicability in China - To Be Presented on Sep 25-27, Shanghai, China

ECF2019 9th Asia-Pacific Shale Gas & Oil Summit

ECF China Shale Weekly Review - July 28, 2019

ECF China Shale Weekly Review - July 28, 2019

【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】Joint operations - the new picture for China oil & gas development

Following the signing of the strategic alliance cooperation agreement between PetroChina and Sinopec on June 22 and the signing of another joint research framework agreement on Monday, Sinopec and CNOOC signed a new cooperation framework agreement Wednesday.In the past three months, PetroChina, Sinopec and CNOOC have continued to carry out large-scale cooperation in onshore and offshore oil and gas basins, indicating that the domestic upstream exploration and development has ushered in a new change.Sinopec & CNOOC: Offshore CooperationOn July 10, PetroChina and CNOOC (China) Co., Ltd., a subsi

【ECF News】PetroChina & Sinopec signed another major framework deal to promote oil & gas production

On July 8, PetroChina and Sinopec signed a joint research framework agreement for Tarim Basin, Junggar Basin and Sichuan Basin, involving 81 exploration rights at total acrage of 305,800 square kilometers.Under the framework agreement, affiliated companies of the two oil majors signed three joint research agreements in the Tarim Basin, the Junggar Basin and the Sichuan Basin. This marks a new phase of cooperation between the two parties in the field of oil and gas exploration technology.Just a few days ago, two oilfield companies of PetroChina and Sinopec signed a strategic alliance cooperatio

CNPC Sinopec ECFShale 2019-07-09

【ECF News】PetroChina and Sinopec team up to develop the Tarim Basin

On June 22, Sinopec Northwest Oilfield and PetroChina Tarim Oilfield signed a strategic alliance cooperation agreement in Korla, Xinjiang. The two sides will enhance the oil and gas exploration and development in the Tarim Basin through information sharing and joint research, and create a new situation for oil and gas exploration in the Tarim Basin. This is the first exploration and development cooperation between Sinopec and PetroChina in the Xinjiang Region.Tarim Basin is the largest oil-bearing sedimentary basin in China with an area of more than 400,000 square kilometers. After years of ex

Call for Innovators: ECF2019 Shale Technology Showcase

Seeking new shale oil & gas technologies

PetroChina Xinjiang Oilfield produces over 100 million tonnes of heavy crude oil boosted by innovative technologies

The Xinjiang branch of PetroChina, China's largest oil and gas producer, said it had so far churned out more than 100 million tonnes of heavy crude oil, thanks to its innovative technologies.The Xinjiang Oilfield Company said that it produced 4.32 million tonnes of heavy crude oil last year and has become China's largest production base for high-quality naphthenic base heavy oil, a rare raw material for industrial products such as rocket propellant and cold-resistant engine oil.Qian Genbao, chief technical expert with the company, said that technological innovations have helped the company rai

2019-06-11

【PR】 Recent discoveries and E&P progress in Malaysia offshore deepwater blocks

Sarawak Shell Berhad (SSB) and Sapura Exploration and Production (SEP) have both contracted McDermott International Inc. to provide transportation and installation of offshore structures, pipelines, and pre-commissioning work for the Pan Malaysia field development off Sarawak, Malaysia.This year, the project of Pan Malaysia Field Development will be discussed at Deep Offshore Southeast Asia Congress 2019 (July 2-3, 2019 | Jakarta, Indonesia). You can know more details information. If you want to know more, please click here to register now.Also we will invite Petronas to at

2019-05-29
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