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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Indonesia’s Ministry of Energy & Mineral Resources signed a Memorandum of Understanding with the army on Thursday to guard upstream facilities using military…
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ExxonMobil has abandoned plans to develop the East Natuna natural gas block in Indonesia, one of the largest reservoirs in the world, international media reported on…
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Oil prices were slightly higher in European trade on Monday, extending last week’s strong gains on signs that demand for crude will pick up during the second half of…
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Andrés A. Fusco Clynes, energy commissioner of Tamaulipas state, talks to TOGY about the developments underway to exploit the state’s natural resource potential. The…
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Oil prices slowed their advance on Friday morning trade in Asia, reacting to the prospect of high inventories and more efficient production.
The U.S. West Texas…
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Russian deliveries of gas to China through the Power of Siberia gas pipeline are to start in December 2019, Gazprom announced on Tuesday.
The date was specified in a…
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Iranian officials signed a contract with a Total-led consortium for the development of phase 11 of the super-giant South Pars gasfield on Monday.
The deal marks the…
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TOGY talks to Fahad Al Dihani, deputy CEO for the Mina Al Ahmadi refinery at Kuwait National Petroleum Company (KNPC), about the progress of the Clean Fuel Project…
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Mexico’s National Hydrocarbons Commission held the first tender of the country’s Round 2 E&P bidding process on Monday, awarding 10 of the 15 shallow-water blocks on…
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China’s National Bureau of Statistics on Wednesday released its figures on domestic crude production for May, which showed a fresh drop to the lowest level since…
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