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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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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Erik Watremez, partner at EY’s Gabon office, talks to TOGY about Gabonese oil and gas regulations on corporate tax and local content as well as their impact on the…
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China has approved a nationwide oil spill response plan that will be ready by 2020, the government announced today.
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The Iraqi Ministry of Oil released its production and export data for December on Monday, revealing the central and southern provinces alone had produced a record daily…
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Chevron’s Chuandongbei sour gas project has hit first gas, state-owned energy giant China National Petroleum announced Monday.
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Gazprom has cancelled a USD 2.2-billion tender for the partial construction of its 4,000-km Power of Siberia gas pipeline to China, the Russian energy giant stated in a…
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More than 90 people are missing after a mudslide on Sunday covered parts of a major natural gas pipeline that carries gas from Central Asia to Hong Kong. State energy…
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Chevron has signed a long-term agreement with state-owned China Huadian Green Energy to sell LNG the super-major produces from its Australian projects.
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