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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Oil fell on Monday morning in Asia, giving up its gains from the previous session.
Brent oil futures fell 2.18% to $24.27 by 9:45 PM ET (2:45 AM GMT) and WTI futures…
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The Energy Year talks to Said Al Maskery, director at Composite Pipes Industry (CPI), about the overall industry sentiment in Oman following the Covid-19 restrictions…
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The Energy Year talks to Murtaza Firoz Jariwala, managing director of Vanguard Engineering & Oilfield Services, about how the company is navigating the challenges of…
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Rudy Radjab, president-director of Kreasindo Resources Indonesia, talks to The Energy Year about the impact of Indonesia’s Refinery Development Master Plan (RDMP) and…
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Oil prices were down on Thursday in Asia as virus fears outweighed inventory data that showed stockpiles of US crude oil rose less than traders expected last…
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Oil prices fell on Friday in Asia as fears about the coronavirus in China outweighed data that showed crude stockpiles rose much less than expected last week.
US…
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Oil prices gained more than 1% on Wednesday in Asia despite ongoing concerns surrounding the coronavirus outbreak.
US Crude Oil WTI Futures gained 1.1% to $52.86 by…
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Oil prices slid on Tuesday in Asia amid lingering demand concerns due to the coronavirus outbreak.
US Crude Oil WTI Futures fell 0.6% to $51.99 by 1:15 AM ET (05:15…
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Oil prices were mixed on Monday in Asia as traders await coronavirus news and economic data in Asia due this week.
US Crude Oil WTI Futures rose 0.1% to $52.38 by…
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Marcelo Álvarez, president of the Argentine Chamber of Renewable Energies (CADER), talks to TOGY about the development of the renewable energy sector in Argentina and…
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