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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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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China has begun construction on a spur to Russia’s Power of Siberia gas pipeline, energy officials from the two countries announced on Monday.
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Russia has become the top supplier of crude oil to China, edging out longtime market leader Saudi Arabia.
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Gasoducto Sur Peruano general manager Rodney R. de Carvalho discusses the obstacles to the construction and operation the Southern Peru Gas Pipeline (GSP). Overseen by…
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Australian engineering and construction company WDS, in a 50-50 joint venture with China Petroleum Engineering & Construction Corporation, have received a balance…
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In May, China’s oil imports went down nearly 11 percent compared to the same time period last year, bringing 170 million barrels into the country last month. China…
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Australian LNG infrastructure company APA Group announced on Thursday that it has completed the purchase of the Queensland Curtis LNG pipeline in Australia from BG…
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CNOOC announced on Wednesday a mid-sized discovery at the Liuhua 20-2 block in the eastern South China Sea.
The Liuhua 20-2 structure, located in the Pearl River…
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An oil discovery made by ExxonMobil offshore Guyana is ‘significant,’ the company announced on Thursday.
The well, drilled at the Stabroek block by ExxonMobil…
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