Major oil, gas platform to be shipped to South China Sea

"Dongfang 13-2 CEPB," the second largest offshore oil production and processing platform in China, was completed for shipment at the Gaolan Port in the city of Zhuhai in south China's Guangdong Province earlier this month and will be shipped to the Yinggehai Basin of the South China Sea Wednesday.The "Dongfang 13-2 CEPB" platform built by Zhuhai COOEC (China's Offshore Oil Engineering Company)-Fluor Heavy Industries Co. Ltd. is a comprehensive oil and gas processing platform.The floating weight of the platform is 17,247 tonnes, equivalent to the weight of 10,000 ordinary cars, and cover

CNOOC 2019-04-09

China to Create National Oil, Gas Pipeline Co.

China said it will form a national oil and pipeline company, the first public acknowledgment of the massive energy industry overhaul planned since at least 2014.The creation of the pipeline company was mentioned in the National Development & Reform Commission’s work report released Tuesday during the annual National People’s Congress meeting, alongside closely watched indicators including economic growth targets and debt reduction goals, Bloomberg reported.President Xi Jinping’s government has planned for years to spin off into a new company some of the 112,000 km of oil, gas and fuel pipeline

Energy Reform 2019-03-08

China to form national oil and gas pipeline company-state planner

China will create a national oil and gas pipeline company, the country’s state planner said on Tuesday in the first official acknowledgement of a reform that has been anticipated by the energy industry.The National Development and Reform Commission (NDRC) did not give a timetable or any details of the plan in its annual work report published at the opening of the annual meeting of parliament.Creating a central oil and gas operator will help China’s state-owned energy companies separate the cost of pipeline transportation from the sale of oil and gas.Reuters reported last month that a formal pl

China Oil Pipeline 2019-03-05

Major oil and gas sector reforms in the pipeline

As China is likely to create a giant oil and gas pipeline company this year as part of the nation's effort to reform the State-owned petroleum industry, insiders believe the move will shake up the petroleum sector and break the monopoly in the oil and gas sector.The new oil and gas pipeline company, which is likely to be established around the middle of this year, according to China Securities Journal, will operate in a market-oriented manner after the acquisition of the related assets of the country's three national oil companies - China National Petroleum Corp (CNPC), China Petroleum and Che

Energy Reform 2019-02-21

China unveil guidelines for developing "Greater Bay Area"-Xinhua

China’s cabinet on Monday issued guidelines for developing a “Greater Bay Area” around the Pearl River Delta, in a bid to spur growth and transformation in Guangdong province and the cities of Hong Kong and Macau.The area is home to some 68 million people with a combined GDP of $1.5 trillion, roughly that of Australia or South Korea.Authorities will expand and upgrade airports in Hong Hong, Macau, Guangzhou and Shenzhen, and accelerate construction of large-scale oil reserves bases in the Pearl River Delta area, the Xinhua news agency said, citing the cabinet’s guidelines.Financial institution

China Crude Oil 2019-02-19

China to integrate its oil and gas pipelines into single entity

China has plans to integrate the nation’s vast network of pipeline assets covering oil and gas into a single state entity this year.The National Development and Reform Commission (NDRC) has approved major state-owned oil companies such as China National Petroleum Corporation (CNPC), China Petroleum and Chemical Corporation (CPCC) and China National Offshore Oil Corporation (CNOOC) to spin-off their pipeline assets to form a new single National Oil and Gas Pipeline Network Company.Following the spin-off, the country’s pipeline network will be restructured to separate pipeline transport and sal

China Gas Pipeline 2019-01-28

China completes major oil pipeline inspection

China's State oil giant has completed the longest crude oil pipeline inspection in the most complex sea area in the country which breaks European and US technological monopoly in the field.The pipeline, located in Hangzhou Bay in East China's Zhejiang Province, is 53.5 kilometers long and 762 millimeters in diameter, according to an article published by Sinopec Pipeline Storage and Transportation Co., which belongs to China Petrochemical Corporation (Sinopec Group). Inspecting the pipeline involves great technological challenges and a high safety risk in complex maritime conditions. Sinopec li

China Crude Oil 2019-01-08

China-linked VLCCs storing Iran crude; loading from Kharg Island: sources

In spite of the US sanctions on Iran, some Iranian crude exports are coming into the international market through non-Iranian companies that are offering their VLCCs for transporting as well as storing Tehran's oil, several oil shipping industry sources in Malaysia, Singapore, the UK and China said this week.Coming soon after National Iranian Tanker Company-owned VLCC Dover transferring its condensate cargo into the CCPC Vanguard, a floating storage vessel in Malaysia's Batu Pahat, another Iranian VLCC, the Hedy, has just completed the transfer of heavy grade crude into the Alter Ego I, owned

China Oil Import 2018-11-29

Sinopec starts new commercial crude oil tank farm in East China

China Petroleum and Chemical Corp, known as Sinopec, last month started operating a new commercial crude oil tank farm in the eastern Chinese city of Yizheng, the National Development and Reform Commission said in a statement on Tuesday.

Sinopec 2018-08-29

China issues draft rules to open access to oil, gas infrastructure - NDRC

Reuters reported that China's state planner issued new draft rules to give private companies access to the country's oil and gas infrastructure, including crude oil pipelines, gas pipelines, liquefied natural gas terminals and underground gas storage. The new draft rules followed requests from the c

CNPC reshuffle aims to streamline storage efforts

China National Petroleum Corp. (CNPC) is taking storage seriously. The NOC’s recent consolidation of gas storage assets under its upstream arm is the latest sign that it is attempting to counter the causes of a supply crunch last winter that left Chinese homes and offices without heating.

China Oil stores Omani crude at Dalian

Chinaoil has shifted around 500,000 barrels of Oman crude into storage in China’s northeastern port of Dalian for likely use as physical settlement for crude oil futures on the new Shanghai International Energy Exchange (INE), state-owned parent China National Petroleum Corp. (CNPC) said on June 22.

China Oil 2018-07-03

China looking to establish hydrocarbons base in Nepal

China will establish an oil and gas exploration centre in Nepal as part of a 14-point agreement signed between the two countries on Thursday, The Kathmandu Post reported on Saturday.

Global Market 2018-06-26

Nepal, China to sign deal for 3 oil storage depots

ANI reported that an agreement on building oil storage depots at three locations in Nepal with Chinese assistance is expected to be signed during Nepali Prime Minister KP Oli's visit to China next week, officials at the Ministry of Industry, Commerce and Supplies said. As per the agreement, the buil

China Crude Oil 2018-06-21

Nepal, China to sign deal for three oil storage depots

An agreement on building oil storage depots at three locations in Nepal with Chinese assistance is expected to be signed during Nepali Prime Minister KP Oli's visit to China next week, officials at the Ministry of Industry, Commerce and Supplies said.

China Oil 2018-06-19

Sino-Kazakhstan oil and gas co-operation agreement signed in Beijing

On 8 June, Wang Yilin met in Beijing with Kazakh President Nazarbayev, who is paying a state visit in China and attending the Shanghai Co-operation Organisation Summit in Qingdao. Wang has also held talks with Bozumbayev, Kazakhstan’s Minister of Energy, and Sauat Mynbayev, CEO of KazMunayGas (KMG),

China’s Vast Intercontinental Building Plan Is Gaining Momentum

China’s massive build program to recreate trade routes stretching from Asia to Africa and Europe is gaining momentum.

Belt and Road 2018-04-10

Pakistan, China ink MoU on gas pipeline, refinery

Prime Minister Shahid Khaqan Abbasi and Li Yanming, Vice President of Power China Limited witnessed signing of a Memorandum of Understanding (MoU) between Inter-State Gas Systems (ISGS) of Pakistan and Power China for laying of North-South Gas Pipeline at Sanya (China) on Monday.

Factbox: China's 2018 targets for energy sectors

China's parliament ended the first session of the 13th National People's Congress on Tuesday, approving the 2018 economic and social development plan, including those tied to the energy sectors.

China’s crude oil stockpile rises 1.3 pct

China’s commercial crude oil stocks rose 1.3 percent in January from the previous month, while stocks of refined oil went up 5.3 percent.

China Crude Oil 2018-03-08
Top
Message

Please leave your comment

Name*
Tel*
Email*
Company*
Message*
提交