China ///

OGIC to strengthen innovation ties with China

A selection of Scotland’s leading oil and gas research and development institutions will be heading to China next month (March 5-10) to strengthen ties, share knowledge and increase business opportunities with leading innovation houses in Beijing.

What LNG traders want to know most is if China surprises again

China’s winter liquefied natural gas binge sent prices to three-year highs, left European terminals largely idle and pulled in ships halfway around the world from Louisiana to the Pacific region.

China ends 25-year wait as yuan oil futures to start trading

After a wait of about a quarter of a century, the world’s biggest oil buyer is finally getting its own crude-futures contract.

'Oil-for-loan' deals partly to blame for Venezuela's economic spiral

China’s role in Venezuela, including oil-for-loan deals, is partly to blame for the South American country’s shrinking economy and the international community will probably shoulder the costs, U.S. Treasury Under Secretary for International Affairs David Malpass said.

Cnooc aims for highest spending in four years amid oil recovery

Cnooc Ltd. plans to raise capital spending to the highest since 2014 and revised upward its oil and gas output targets.

PetroChina says profit may triple amid cost cuts, higher oil

PetroChina Co., the country’s biggest oil and gas producer, forecast that full-year profit rebounded off a record low and may have tripled amid cost cutting and higher energy prices.

China passes South Korea as No. 2 LNG importer

China’s General Administration of Customs just confirmed what liquefied natural gas industry insiders have been speculating for weeks: There’s a new No. 2 in town.

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.