In 2013, after five years with no licensing rounds, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) put together three bid rounds and a new…
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in figures
Oil Reserves26 billion barrels
Oil Production3.98 million bopd
Gas Reserves8.4 tcm
Gas Production209.2 bcm
China: A central figure
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.
Jumbo Offshore has signed a contract with Japanese vessel builder MODEC for pre-installation of the mooring spread of an FPSO…
READ MOREJosé Manuel Ganga Junior, CEO of ENDIAMA, talks to The Energy Year about the company’s shift in strategy to ensure more…
READ MORETotalEnergies has hired former prime minister of Benin Lionel Zinsou to assess its land acquisition programme related to its…
READ MORETechnipFMC has signed a contract worth more than USD 1 billion with Brazilian NOC Petrobras for integrated EPCI works on the pre-salt Mero 3 high-pressure separation…
READ MOREFaisal Malallah, CEO of Al Kout Industrial Projects, talks to The Energy Year about the company’s role in Kuwait’s economy and the trends which are currently…
READ MOREHasan Qabazard, CEO of the Kuwait Catalyst Company, talks to The Energy Year about the impact of the Al Zour refinery on Kuwait and the effect of recent developments on…
READ MOREUS energy giant ExxonMobil has formally handed over its shares in Iraq’s West Qurna 1 oilfield to Chinese E&P player PetroChina, Reuters reported on Monday.
The…
READ MOREShell announced the farming down of a 23-percent interest in the Parque das Conchas (BC-10) project in the Campos Basin offshore Brazil to Qatar Petroleum International…
READ MORESaudi Arabia has been producing crude oil at record-high average levels of around 10 million barrels per day in 2013. However, there are prerequisites for Saudi Arabia…
READ MORESaudi Arabia is shifting its export focus on the East with hopes to capture the rising demand in China and the region. The Saudi government is expanding commercial and…
READ MORES. Iswaran is currently a minister in the Prime Minister’s Office and the second minister for both home affairs and trade and Industry. Responsible for energy…
READ MOREResponsible for supplying Singapore’s Jurong Island with 3 million tonnes of LNG, BG’s Anthony Barker tells TOGY how he is dealing with a global LNG shortage as he…
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