China ///

An oil giant shrinks in Asia as dirty skies turn cash toward gas

China’s crude oil production will likely extend it’s slide into a third year as state-run giants focus on pumping natural gas to meet President Xi Jinping’s drive to use more of the cleaner-burning fuel.

Flow of unwanted oil from China is set to turn into a deluge

The pace at which China exports the fuel it doesn’t want is set to jump by more than four times in 2018, according to the nation’s biggest energy producer.

All 32 people aboard burning oil tanker presumed dead, Iran says

All 32 crew members on board an Iranian oil tanker that’s been burning for a week near China’s eastern coast are presumed dead, an Iranian official said.

Russia-China oil friendship makes crude costlier for Europe

Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market.

Russia tightens oil grip in top market as China opens second pipeline

A second Sino-Russian oil pipeline began operations on New Year’s Day, doubling China’s capacity to import crude from the East Siberia-Pacific Ocean system.

China’s LNG imports surge to record amid winter heating crunch

China’s imports of liquefied natural gas in November surged 53% to a record as the nation scrambles to meet fuel shortages amid peak winter demand and government’s drive to cut coal use.

China's winter misery brings LNG traders gift of volatility

China’s self-inflicted heating crisis this winter signals deeper seasonal price swings that may be a boon for liquefied natural gas traders.

Basis laid for another pipeline route of Russian gas supplies to China, Gazprom says

Negotiations continue over the planned supplies from Russia’s Far East.

All Chinese oil traders want for Christmas is a futures contract

All Yuan Quwei wants for Christmas is to trade oil futures on a Chinese exchange.

China on its way to becoming second-largest importer of LNG

China is ahead of schedule on its way to becoming the second-largest importer of liquefied natural gas.

China's $160-billion energy M&A binge was bad for most investors

If history is any guide, investors in China’s biggest oil companies may lose out as a record $35 billion in cash is tapped for a fresh round of deals, according to Sanford C. Bernstein & Co. LLC.

U.S. demands China cut oil to North Korea after new launch

The U.S. demanded that China cut off all oil exports to North Korea after the country’s latest intercontinental ballistic missile test, warning that Washington will force action if Beijing fails to do so.

CNOOC reports start of production at Weizhou 12-2 oil field phase II project

CNOOC Limited has announced that the Weizhou 12-2 oil field phase II project has already commenced production.

Saudis eye oil sales to world's biggest plants emerging in China

Saudi Arabia’s status as the biggest oil supplier to China has been usurped by Russia. OPEC’s biggest producer is now trying to regain ground in the world’s largest crude importer.

New China star sells first Russian oil from $9-billion Rosneft deal

A Chinese firm that’s grown from a small local trader to a global deal-making juggernaut sold its first cargo of Russian crude after buying a $9-billion stake in Rosneft Oil Co.

ADNOC signs framework agreement with CNPC to expand partnership

The Abu Dhabi National Oil Company (ADNOC) has signed a framework agreement, with the China National Petroleum Corporation (CNPC) covering various areas of potential collaboration including potential offshore opportunities and the sour gas development projects.

Oil & Gas in the Capitals

Jeff Moore, Contributing Editor

Big E&P projects advance in Vietnam and Indonesia; Chinese intimidation continues

China's appetite for U.S. energy falls shy of binding deals

China showed its appetite for big ticket investments in U.S. energy production and exports during President Donald Trump’s visit, but left the event with almost no binding deals.

China Energy Investment plans to invest billions in U.S. shale gas development

West Virginia was the biggest recipient of the $250 billion of investments signed during President Donald Trump’s visit to China.

China steps toward U.S. LNG deal as Sinopec inks Alaska pact

China took steps toward its first investment in U.S. LNG as Sinopec agreed to advance a $43 billion project that’s been sidelined by American majors.