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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The government of the Philippines will put 14 offshore blocks on offer later this year, international media reported on Sunday.
A reputation for cumbersome…
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Crude oil prices turned lower on Thursday, as traders were still digesting the previous session’s downbeat U.S. supply data amid sustained fears over a global trade…
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ExxonMobil will quit some joint ventures with Russia’s Rosneft under pressure from US and EU sanctions, international media reported on Thursday.
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Keisuke Sadamori, the director of energy markets and security at the International Energy Agency (IEA), talks to TOGY about the natural gas market, LNG supply and…
READ MORESK Innovation has encountered oil in Pearl River Mouth Basin Block 17/03 offshore China, local media reported on Thursday.
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Leonardo Brkusic, executive director of the Argentine Group of Suppliers for the Oil and Gas Industry (GAPP), talks to TOGY about the issues that domestic oil and gas…
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Li Huaxin, China’s ambassador to Saudi Arabia, talks to TOGY about diplomatic relations between the two countries, the strategic parallels between China’s One Belt,…
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Gas production has started at the Sagari field in Block 57 onshore Peru, operator Repsol announced on Wednesday.
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The Power of Siberia pipeline is two-thirds complete and will start supplying Russian gas to China by the end of 2019, Gazprom CEO Alexey Miller announced in a…
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China stopped exporting crude products to North Korea in November amid soaring tensions over the hermit kingdom’s nuclear and missile programmes, international media…
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