China ///

Tough road ahead for LNG as China’s demand decline continues

The demand slowdown has pushed LNG prices in Asia lower by almost 40% this year, a slump also aided by China’s rising domestic output of the fuel.

Oil and gas in the capitals

Jeff Moore, Contributing Editor

South China Sea military tension escalates, risks to E&P heightened

First oil

Kurt Abraham, World Oil

Adding up China’s numbers

China adds incentives for domestic natural gas production as imports increase

Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane.

Gazprom tallies gas production, infrastructure progress in eastern Russia

Gazprom reports preparations for the first pipeline supplies of Russian gas to China via the Power of Siberia gas pipeline, among several other eastern Russia gas projects.

China transferring crude between ships at sea to evade U.S. sanctions

Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies.

Oil falls as U.S.-China tensions escalate before trade talks

Oil fell again, erasing earlier gains, as economic tensions between the U.S. and China flared ahead of talks aimed at resolving their long-running trade feud.

CNPC quits flagship Iran gas project amid U.S. sanctions

CNPC was the only international partner left in the project, after Total SA of France withdrew last year when U.S. President Donald Trump abandoned the 2015 nuclear accord and reimposed sanctions on Iran.

Exxon’s South China Sea oil project tests Chinese influence

An Exxon Mobil oil and gas project off the coast of Vietnam is becoming a test of Beijing’s growing power in the South China Sea.

Oil shock unites China with Asia rivals worried about supply

Asia accounts for more than 70% of Saudi Arabia’s crude exports, with the four biggest economies – China, Japan, India and South Korea – leading the pack, according to consultancy Wood Mackenzie. That leaves them particularly vulnerable to rising geopolitical tensions in the Middle East that are now causing global crude prices to soar.

Vietnam fights China’s moves to hinder offshore exploration

The foreign ministry in Hanoi on Thursday called on China to immediately order a state-owned survey vessel along with several Coast Guard escorts to leave Vietnamese-claimed waters in its exclusive economic zone, which stretches 200 nautical miles from its coast.

Venezuela’s oil woes deepen as Chinese contractor halts work

A Chinese oil contractor halted work on an expansion project in Venezuela because it hasn’t been paid, underscoring the difficulties for the Nicolas Maduro regime even at energy ventures backed by allies.

India eyes U.S. oil that China’s offering amid new tariffs

An Indian state-owned refiner is mulling the purchase of American oil from Chinese sellers offering cargoes that would be hit by new tariffs on U.S. supplies.

China Big Oil’s upstream bet is paying off

China Big Oil wrapped up a first half that rewarded exploration & production and punished refining.

Duterte wants to use South China Sea ruling to warm China relations

Philippine President Rodrigo Duterte’s much-touted meeting with Chinese leader Xi Jinping does not appear to have yielded an agreement on the South China Sea territorial dispute between the two nations or a plan to explore the area for oil and gas.

Oil tariff hits just as six tankers head to China with U.S. crude

Six ships, carrying about 12 MMbbl of U.S. crude, are headed to China just as Beijing prepares to impose its first ever levy on American oil next month.

New U.S. LNG export plans threatened as trade war drags on

Liquefied natural gas may have dodged the latest round of Chinese tariffs on U.S. goods, but plans for new American terminals to ship the fuel abroad are under threat as the trade war escalates.

Oil climbs as Huawei sanctions delay offers sign of trade war truce

Oil climbed as the U.S. delayed sanctions against Huawei Technologies, offering a hint of progress in its trade war with China, and a drone attack in Saudi Arabia highlighted simmering Middle East tensions.

China’s biggest energy company shuns Venezuela oil on tighter U.S. sanctions

China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation.

‘Prolific’ Chinese theft ring targeted deepwater drilling technologies

A man who stole deepwater trade secrets on behalf of China was convicted in federal court following the FBI's dismantling of his "prolific network".