China ///

Trading `God' says shale has oil prophets groping in dark

Andy Hall, the oil trader nicknamed “God” for his lucrative calls on crude, says the U.S. shale boom has made it far harder to predict global supplies.

China’s oil demand will surge in 2019

Contrary to some observers who focus intently on trade data as a proxy for demand, China’s total oil product demand rose by only 150,000 bpd in 2018.

Companies in the news

Michele Cowart, World Oil

Companies in the news

ADNOC awards China ZhenHua Oil a 4% interest in its onshore concession

The Abu Dhabi National Oil Company (ADNOC) has announced the 4% stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acquired by North Petroleum International Company Ltd, a subsidiary of China ZhenHua Oil Co. Ltd.

China increases natural gas imports to avoid winter shortage

China has gone all out to avoid a repeat of last winter’s crippling natural gas shortages. The early verdict: so far, so good.

Oil jumps most since June on Saudi-Russian Pact, trade war truce

Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and U.S.-China trade tensions cooled. Unprecedented supply cuts in Canada also drove prices higher.

Rosneft and Chinese Hengli Group signed a cooperation agreement, that includes E&P projects

Rosneft Oil Company and Chinese Hengli Group signed a cooperation agreement as part of the first Russian-Chinese energy business forum. The document was signed by Igor Sechin, CEO, Rosneft Oil Company, and Chen Jianhua, president of Hengli Group.

Iran oil waivers: How buyers are lining up after U.S. exemptions

Armed with waivers to keep importing Iranian oil without running afoul of U.S. sanctions, some of the Islamic Republic’s top customers are preparing to buy.

China names oil & gas veteran to top energy post

China has named a leading business executive to its top energy post, eschewing a practice of appointing career politicians as the nation pushes through an overhaul of its massive energy sector.

Gazprom BoD reviews prospects of shale gas, LNG sectors

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and liquefied natural gas (LNG) sectors around the world, as well as the opportunities and threats facing the company.

Gazprom and CNPC held the 14th JCC meeting

The 14th meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC moderated by Vitaly Markelov, deputy chairman of the Gazprom management committee, and Hou Qijun, V.P., CNPC, took place in Guangzhou, People’s Republic of China.

Empyrean Energy assesses China’s Pearl River Mouth basin prospects

Empyrean Energy is pleased to announce that Gaffney, Cline & Associates has completed its independent audit of the company’s oil-initially-in-place estimates over the Jade, Topaz and Pearl.

Amid Iranian oil waiver, U.S. - China talks divided before Trump-Xi meeting

The U.S. secretaries of state and defense met with their Chinese counterparts for an annual strategy session in Washington on Friday, with both sides highlighting deep differences on diplomacy and security weeks before Presidents Donald Trump and Xi Jinping plan to meet at a summit in Argentina.

Welcome to pipelines on wheels as LNG giant turns to trucks

Natural gas is in such hot demand in China right now it’s allowing a quirky market to flourish: transporting the fuel on trucks.

JFE-CA and JFE-TC open new R&D lab in Houston

JFE Connections America and JFE Technical Center are pleased to announce the opening of our new research and development lab in North Houston, at 6415 N. Sam Houston Pkwy W., Houston, Texas 77086.

Majors pursue China with $24-billion spending spree

A Chinese archipelago that served as a pirate’s den and was governed by President Xi Jinping in the new millennium is luring the world’s energy giants.

What's new in exploration

William (Bill) Head, Contributing Editor

Where are the oil reserves?

G3 Exploration gets approval for development of Chengzhuang Block in China

G3 Exploration Ltd., an independent specialist in the exploration and development of coal bed methane gas (CBM) with roots in China and a focus on international expansion, has announced that the China National Development and Reform Commission (NDRC) has issued its final approval for the Overall Development Plan (ODP) on the Chengzhuang Block (GCZ).

China boosts West African oil imports to offset trade war impact

China is set to boost its crude imports from West Africa to the highest in at least seven years this month as the trade war with the U.S. prompts the Asian nation’s refiners to find alternatives.

Companies in the news

Michele Cowart, World Oil

LLOG Exploration delivered first production from its Crown and Anchor fields in the Gulf of Mexico, during second-quarter 2018.