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…
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.
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's end.
READ MORECanada's USD 24.7-billionTrans Mountain Expansion (TMX) oil pipeline has begun operations.
READ MOREAngola is working hard to increase its power generation capacity by boosting hydro and solar energy.
READ MOREQatarEnergy has struck a USD 6-billion deal with a Chinese shipyard to build 18 of the largest LNG carriers ever constructed.
READ MOREChinese solar module manufacturer JinkoSolar has seen a 150% surge in its 2023 net profits to USD 1.06 billion.
READ MOREThe ExxonMobil-led Rovuma LNG project in Mozambique has taken a step forward with a bid process for subsea works.
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…
READ MORE