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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Despite intensifying trade disputes between China and the US, oil gained on Tuesday morning in Asia amid news that two Saudi Arabia oil tankers were allegedly…
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Oil prices were down on Thursday in Asia after the latest comments by US President Donald Trump dimmed hopes that the world’s two biggest economies could avert a…
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Oil prices rebounded on Wednesday in Asia as traders weighed US sanctions against Iran and news on the Sino-U.S. trade front.
US Crude Oil WTI Futures were up 0.8%…
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Oil prices recovered on Tuesday in Asia after falling as much as 3% the previous session after US President Donald Trump revived the risk of a full-blown trade war…
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Oil prices dropped sharply on Monday but regained most of the loss after US President Donald Trump threatened to increase tariffs on Chinese imports this coming Friday,…
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Oil prices continued to drop on Tuesday in Asia amid pressure on OPEC from US President Donald Trump to raise output to offset a supply shortfall expected from tighter…
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Ahmed Abdulla, CEO of Borouge, talks to TOGY about the latest progress on the PP5 project in Ruwais, the impact of the Borstar technology and the significance of new…
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Oil prices gained on Wednesday in Asia amid signs of steady demand growth in China and data that showed an unexpected fall in US crude stocks.
US Crude Oil WTI…
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H.E. Dr. Sultan Ahmed Al Jaber, UAE minister of state and group CEO of Abu Dhabi National Oil Company (ADNOC), talks to TOGY about the company’s new partnerships with…
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Oil prices gained on Tuesday in Asia and traded near a 5-month high, supported by concerns on Libya supply disruptions.
US Crude Oil WTI Futures was up 0.2% to…
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