CNPC is Discussing Hydrocarbon Production with Gazprom, Rosneft and Novatek
China is trying to work with all parties, including Gazprom, to develop high-quality energy cooperation, Beijing said Chinese CNPC is discussing cooperation with Gazprom, Rosneft and Novatek in terms of hydrocarbon trading and pipeline expansion. This was stated by Vice President of CNPC Xie Jun during the St. Petersburg International …
CNOOC Announced the Start of Production at Another Oil Field
Chinese CNOOC Limited (a subsidiary of the oil and gas giant China National Offshore Oil Corporation, CNOOC) has begun production at an oil field located in the Bohai Gulf. The company’s press service reports this. Penglai 19-3 Oil Field the project is located in the south-central Bohai Bay; work is …
Rosneft and CNPC Signed an Agreement on Joint Development of Hydraulic Fracturing Technology
The Rosneft Scientific Institute in Ufa and the Research Institute of the China National Petroleum Corporation (CNPC) entered into an Agreement on technological cooperation in the field of design and modeling of the hydraulic fracturing (HF) process within the framework of the V Russian-Chinese Energy Business Forum. The document provides …
CNPC Will Produce More than 150 Billion Cubic Meters in China in 2023. m of Gas, Imports 90 Billion Cubic Meters. m
CNPC plans to produce more than 150 billion cubic meters of gas in China by the end of 2023, which is 67% of the country’s total production, said company president Hou Qijun during the International Conference “Oil and Gas of Turkmenistan”. According to him, the company’s imports this year will …
Igor Sechin Assessed the Potential of the Vostok Oil Project to Stabilize the Oil Market
The Vostok Oil project, in the context of a reduction in global investment in exploration and production, is capable of having a stabilizing effect on the entire hydrocarbon market, said the head of Rosneft, executive secretary of the Commission under the President of the Russian Federation on the strategy of …
Sinopec Pulled Out of Mansouriya Gas Project in Iraq
Chinese Sinopec has withdrawn from the Mansuriya gas field in Iraq, a representative of the Iraqi Ministry of Oil said at the presentation of blocks of new licensing rounds, writes Energy Intelligence. The Chinese company won the contract to develop the project with reserves of 4.5 trillion cubic feet in …
China Breaks Its Own Record in Offshore Drilling
China is ramping up offshore drilling as part of its energy security strategy China’s CNOOC reported that the number of wells in the Bohai Gulf at the Kenli 6-1 oil project increased to 177. CNOOC representative Liu Baosheng said that in less than two years the company drilled more than …
Sinopec Discovers Gas Field in China’s Sichuan
Sinopec discovers a new field in Bazhong County with over 30 billion cubic meters of shale gas reserves Chinese state-owned oil and gas company Sinopec has discovered a new field in Sichuan province. The Bazhong field is located in the northeastern part of the province, and is considered the third …
Belorusneft Plans to Upgrade Oil Production Equipment With the Help of China
The state-owned enterprise Belorusneft plans to upgrade oil production equipment through purchases from Chinese manufacturers. This is stated in a message on the website of the departmental publication Vestnik Belneftekhim. As part of the modernization program, the management of Belorusneft chose China as an alternative partner due to the difficult …
China Intends to Drill the Deepest Well in the World
Scientists want to study the internal structure and evolution of the Earth for geological and geophysical research. Drilling has begun on what could be the world’s deepest well in northwestern China. It is located in the desert region of the Tarim Basin (Xinjiang region). The shaft of the “mine” will …