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 UAE’s Minister of Energy H.E. Suhail Mohamed Faraj Al Mazrouei talks to TOGY about developing new oil, gas and alternative resources to ensure long-term…
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Abdulla Nasser Al Suwaidi, director general of the Abu Dhabi National Oil Company (ADNOC), the custodian of oil, gas and petrochemicals development in Abu Dhabi, talks…
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Gregor Mowat, appointed managing partner of KPMG’s Kazakhstan and Central Asia branch in 2013, talks to TOGY about how while the economies of many rapidly developing…
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Construction at the Kinyerezi III power plant, one of a set of four Tanzanian gas-powered power plants being built in the Kinyerezi area in Dar es Salaam to extend the…
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The latest in a string of technical difficulties, a pipe rupture on a flare line at Angola’s new $10-billion LNG plant forced a shutdown that is expected to last…
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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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Shell 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…
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Saudi 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…
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Saudi 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…
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Responsible 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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