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 prices gained on Monday in Asia as the escalating conflict in OPEC producer Libya raised supply concerns.
US Crude Oil WTI Futures rose 0.5% to $63.43 by 11:15…
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Oil prices gained on Tuesday in Asia following reports that the U.S. is considering imposing more sanctions on Iran.
US Crude Oil WTI Futures was up 0.3% to $61.80…
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Oil prices gained on Monday in Asia amid supply concerns. The upcoming Sino-US trade talks in Washington is expected to receive some attention this week.
US Crude…
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Oil prices slid on Thursday after data showed an unexpected rise in US inventories.
US Crude Oil WTI Futures slid 0.3% to $59.23 by 12:30 AM ET (04:30 GMT).…
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Oil prices were little changed on Friday in Asia as traders remained cautious amid the latest news on the Sino-US trade war.
US Crude Oil WTI Futures was unchanged…
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Oil prices were mixed on Thursday in Asia as the US Federal Reserve highlighted signs of a slowing economy and raised concerns of slowing economic growth.
US Crude…
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Oil prices fell on Wednesday in Asia as uncertainty on the Sino-US trade front intensified.
Citing people familiar with the matter, Bloomberg reported on Tuesday…
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Oil prices were near flat on Friday in Asia after rising to near four-month highs the previous day.
US Crude Oil WTI Futures was up 0.01% at $58.63 by 10:37 PM ET…
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Oil prices gained on Monday in Asia following reports that Saudi Arabia oil minister Khalid al-Falih said there will be no OPEC+ output policy change until…
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Oil prices were trading lower on Tuesday morning in Asia after China lowered its growth target for the year and doubts of the ultimate impact of any trade deal between…
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