State-run RAK Gas has signed a contract with China Petroleum Pipeline Engineering Corporation to provide FEED studies for a new pipeline in the UAE, Upstream Online…
READ MOREChina Overview
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.
Curtis Boodoo of the University of Trinidad and Tobago talks about why continuous education is important for engineers and…
READ MOREKPC has signed a contract renewal for the supply of 300,000 bopd to China's Unipec.
READ MORESaudi Aramco has awarded a USD 1.7-billion EPC contract for gas infrastructure to CPECC.
READ MOREExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's end.
READ MOREIraq has set a January 2024 deadline for its fifth plus and sixth oil and gas licensing rounds, Reuters reported on Tuesday.
Blocks on offer consist of 16…
READ MOREAmerican energy players ExxonMobil and Hess Corporation have withdrawn from the Kaieteur oil and gas exploration block offshore Guyana, Reuters reported on Saturday.
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Guyana has attracted bids for eight of the 14 offshore oil and gas concessions on offer from global energy giants in the country’s first auction, Reuters reported on…
READ MOREThe International Energy Agency (IEA) has forecast that demand for oil, gas and coal will peak before 2030 due to the rapid growth of renewables and electric vehicles,…
READ MOREOceaneering International has signed two contracts with a combined value of USD 100 million for offshore support work on oil and gas projects in Angola and Guyana, the…
READ MOREExxonMobil and partners have submitted plans to develop their sixth oil project in Guyana, with an expected investment of USD 12.9 billion, Guyanese officials revealed…
READ MOREAdriano Mongini, CEO of Azule Energy, talks to The Energy Year about the significance of having a new independent player in Angola’s oil and gas sector. Established…
READ MOREIbrahim Al Nadhairi, CEO of Asyad Shipping & Drydock, talks to The Energy Year about the synergies found in combining Asyad’s Shipping and Drydock arms, the…
READ MOREChina has approved PetroChina’s plans to build a solar-to-hydrogen project located in the northwest Gansu province, Upstream Online reported on Tuesday.
The…
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