China ///

Aker Solutions to deliver power umbilical systems to China's Liuhua fields

Aker Solutions won orders valued at more than NOK 350 million to deliver power umbilical systems to China National Offshore Oil Corporation's (CNOOC) Liuhua oil fields in the South China Sea, off Hong Kong.

PetroChina is said to mull suspending U.S. LNG purchases

PetroChina Co. may temporarily halt purchases of U.S. liquefied natural gas spot cargoes through the winter to avoid potential tariffs amid a trade conflict between the U.S. and China, according to people with knowledge of the strategy.

U.S.-Iran sanctions give China lead in world's top gas field

China National Petroleum Corp. is expected to take the lead on a $5-billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic.

China explorer Cnooc may reward investors, even if oil won't

Chinese offshore oil giant Cnooc Ltd. may have more to offer equity investors betting on the recovery in global crude prices, even if the rally appears to be taking a bit of a breather.

China’s oil futures post mysterious gains

The crude futures that China launched in March seem to be dancing to an oil-market tune only they can hear.

Big tankers ferry fuel to Europe as China surplus seeks home

New supertankers are ferrying a rare flow of diesel from Asia to ports thousands of miles away in Europe as a surplus of the fuel from China scouts for a new home.

China chasing elusive shale boom nearly a decade after hunt began

China’s shale gas industry began with a long shot.

EIA: China is a key destination for increasing U.S. energy exports

In recent years, as its domestic energy consumption has grown, China has become a more significant destination for U.S. energy exports. In particular, China has been among the largest importers of U.S. exports of crude oil, propane, and liquefied natural gas.

Companies in the news

Michele Cowart, World Oil

Akofs Offshore has been awarded a contract for light well intervention services, using its 156-m vessel, Akofs Seafarer, for all Equinor-operated licenses, in the period 2020 to 2025.

People in the industry

Michele Cowart, World Oil

EnerMech has appointed Salvatore Cutino as regional director for Africa, based in Cape Town, South Africa.

U.S. oil sellers may look to India as tariff war with China escalates

American oil producers may find a new friend in India as they brace for a trade war with China that could curb U.S. shipments.

Steel tariffs: A campaign promise the oil industry hoped Trump would not keep

David Blackmon, Contributing Editor

On March 1, U.S. President Donald Trump announced 25% tariffs on imported steel and aluminum. The E&P industry is telling Congress and the administration that this is a bad idea. The real question is “Why Was Anyone Surprised?”

Sumitomo Corporation invests in Texas oil production

Sumitomo Corporation's Representative Director, President and CEO, Masayuki Hyodo, is pleased to announce that subsidiary company, Summit Discovery Resources II LLC has reached an agreement with IOG Gonzales 1835 LLC, an entity managed by IOG Capital, LP, Covington Equity Investments LLC and 1836 Resources, LLC to acquire certain producing Eagle Ford properties in South Texas.

Law firm WFW advises OMV on €158 million disposal of Pakistani subsidiaries

Watson Farley & Williams (“WFW”) has advised OMV on the completion of its sale of two wholly-owned subsidiaries comprising its upstream exploration and production business in Pakistan (“OMV Pakistan”) to Dragon Prime Hong Kong Ltd., Hong Kong, for an agreed consideration of €158 million.

CNOOC signs production sharing agreement with Roc Oil and Smart Oil

CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation, has signed a production sharing contract with Roc Oil (Bohai) Company and Smart Oil Investment Ltd. for Weizhou 10-3W oilfield and Block 22/04 in the South China Sea.

China trade fight puts billions in U.S. energy projects in doubt

China Energy Investment Corp. pledged almost $84 billion in shale gas and chemical manufacturing projects across West Virginia after President Donald Trump’s trade mission to Beijing in November, but when it came time to discuss details officials were a no-show.

Trump trade spat muddies a U.S. gas exporter's talks with Asia

The Trump administration’s trade dispute with China is delaying one U.S. company’s bid to sign long-term natural gas export deals.

Empyrean Energy completes oil migration study offshore China

Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the U.S., has announced that a comprehensive oil migration study encompassing China's Block 29/11, for which it holds 100% exploration rights, has now been completed and has established potential oil migration pathways into the Jade, Topaz and Pearl prospects.

U.S. oil exports, on the rise to China, face trade spat threat

China has been a key recipient of American oil since a 40-year U.S. ban on exports was ended by then-President Barack Obama in 2015.

China and India want to buy more U.S. oil to counter OPEC

Two of Asia’s largest crude buyers are considering teaming up to buy U.S. supplies and counter OPEC’s dominance in the world’s biggest oil market.