NEWS
India - March 31, 2015
India brought oil for its strategic petroleum reserve (SPR) on Monday, marking the first round of purchases that will see the world’s fourth largest oil consumer…
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China 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.
Interview
Trinidad and Tobago - May 16, 2024
Curtis Boodoo of the University of Trinidad and Tobago talks about why continuous education is important for engineers and…
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NEWS
Kuwait - May 14, 2024
KPC has signed a contract renewal for the supply of 300,000 bopd to China's Unipec.
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NEWS
Saudi Arabia - May 06, 2024
Saudi Aramco has awarded a USD 1.7-billion EPC contract for gas infrastructure to CPECC.
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NEWS
Mozambique - May 02, 2024
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's end.
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NEWS
China - March 27, 2015
China’s biggest oil and gas producer PetroChina has announced that it will cut capital spending by 10 percent to $43 billion and to divest more assets in 2015.…
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NEWS
China - March 26, 2015
A lack of available storage may force the world’s top oil importer to scale back purchases of crude.
China stepped up its crude imports last year after oil prices…
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NEWS
Russia - March 23, 2015
Total is seeking up to $15 billion from Chinese investors for its $27-billion Yamal LNG project in the Russian Arctic.
Company CEO Patrick Pouyanné told The Wall…
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NEWS
Venezuela - March 20, 2015
State-owned oil company Petróleos de Venezuela, announced Thursday that China has agreed to loan Venezuela $10 billion. The loan will be paid out in two increments of…
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NEWS
Eagle Ford - March 16, 2015
Oil prices fell in Asian trade on Monday, with US crude down by more than 2 percent to a six-year low, as the dollar hit new highs and global storage capacity swells.…
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Interview
Malaysia - March 12, 2015
EY partner and oil and gas leader for Malaysia Ismed Darwis talks to TOGY about the impact that the oil price fluctuations are having on the Malaysian industry. EY…
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NEWS
Russia - March 09, 2015
A deal on exporting Russian natural gas from western Siberia to China will be finalised later this year, Chinese Foreign Minister Wang Yi told a press conference on…
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Articles
Peru - February 24, 2015
TOGY looks at the story of large-scale hydrocarbons production in Peru following the 10th anniversary of production at the country’s largest gasfield, Camisea. In…
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Interview
India - February 20, 2015
Shaleen Sharma, president and managing director of BG India, speaks to TOGY about ways to develop India’s piped natural gas network and challenges faced in the…
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