Oil Reserves26 billion barrels
Oil Production3.98 million bopd
Gas Reserves8.4 tcm
Gas Production209.2 bcm
China boasts the second largest economy and largest population in the world. In addition, the country occupies the top spot in crude oil imports and the fourth spot in production figures, making it a central figure in the global energy markets. Three national oil companies in China, China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec Corporation) and China National Offshore Oil Corporation (CNOOC), account for the lion’s share of upstream and downstream oil and gas activity in the country.
Currently, China is undergoing a shift in focus from a country with economic drivers based in manufacturing and heavy industries to one based in services and domestic consumption. Adding to the nation’s economic shift, the Chinese government is determined to curb environmental pollution by switching its heavy reliance on coal burning to cleaner energy sources such as natural gas.
Abu Dhabi has awarded the Bab Gas Cap development and production concession to an ADNOC-led consortium of international companies.
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Energy Fuels has secured a 20-year, USD 725-million loan commitment from the US administration to expand rare earths processing…
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Josh Sherman of the Houston Producers Forum talks about Houston’s growing pull as energy security concerns and growing LNG and…
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Alcídio José of Ozango Minerais talks about the global dynamics around rare earths that are bringing fresh investor interest to Angola's Longonjo project.
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ADNOC Drilling is prepared to expand the UAE’s oil production capacity beyond 5 million bopd by 2027 as the country advances upstream growth plans.
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Iqrar Husain of Quippo Oil and Gas talks about delivering projects in India’s most challenging terrains and the company's investment priorities.
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SLB OneSubsea has won a deepwater EPC contract from CNOOC for a 20-well subsea development in China.
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Subramanian Shanmugam, general manager of Composite Pipes Industry (CPI), talks to The Energy Year about how the company is positioning itself to face challenges in…
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Nasser Al Maqbali, CEO of Minerals Development Oman (MDO), talks to The Energy Year about the future development of Oman’s mining sector, why the country is well…
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Guyana intends to take back 20% of the shares of its prolific Stabroek Block from ExxonMobil and its partners, vice-president Bharrat Jagdeo told Reuters on…
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OPEC Secretary-General Haitham Al Ghais has announced a positive forecast for the global oil and gas industry on Monday at the India Energy Week in Bengaluru.
Al…
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Samer Qiblawi, president and CEO of Marine Capabilities (Marcap), talks to The Energy Year about the key role of partnerships in gaining offshore market share and the…
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Walid Abed, general manager of IMCC Investment, talks to The Energy Year about the company’s ongoing diversification, including forays into manufacturing and…
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A joint venture led by ExxonMobil has made a significant discovery at the Fangtooth prospect on the Stabroek block in Guyana, partner Hess Corporation announced in its…
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Uganda is set to begin the drilling programme at the Kingfisher oilfield today, state-run Petroleum Authority of Uganda announced on Tuesday.
Uganda’s President…
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National Petroleum Construction Company and partners have signed an EPC contract with ADNOC for the offshore segment of the Hail and Ghasha field development project in…
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