China

Source: Reuters

U.N. chief urges end to coal financing to spur clean energy shift

Reuters


LONDON – United Nations Secretary-General Antonio Guterres urged countries on Thursday to stop financing coal and pledge not to build new coal-fired power plants to enable a shift to clean energy.

He spoke at a virtual clean energy transition …

July 9, 2020 - 11:00 am China, Climate Change, Coal News, Energy News
Hudong to deliver third Yamal LNG carrier

Hudong to deliver third Yamal LNG carrier

Offshore Energy


Oil & Gas Publishers Note: There are some hidden takeaways in this article. The Chinese shipbuilding yard has 17 Large LNG carriers on order under a leasing business model. A brilliant business model to keep control of large

Source: Reuters

China hires Morgan Stanley, Goldman Sachs to advise on pipeline asset transfers: sources

Reuters


HONG KONG/BEIJING – Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisers for multi-billion dollar deals transferring oil and gas pipeline assets into a national energy infrastructure giant, four sources said.…

July 8, 2020 - 10:30 am China, Closing Bell Story‎, Crude Oil News, Energy News
BGBS & SK E&S will enter into Joint Ventures to scale up natural gas business in the PRC

BGBS & SK E&S will enter into Joint Ventures to scale up natural gas business in the PRC

HONG KONG , July 6, 2020 /PRNewswire/ —  Beijing Gas Blue Sky Holdings Limited …

CNOOC Limited Announces a Significant Discovery of Huizhou 26-6 in Eastern South China Sea

CNOOC Limited Announces a Significant Discovery of Huizhou 26-6 in Eastern South China Sea

HONG KONGJune 29, 2020 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that the Company made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become …

Source: Forbes

How Russian and Saudi oil ties to China complicate the post-pandemic world

Forbes


Russia and Saudi Arabia both rely on oil sales to fund a majority of their budgets. In the last five plus years, China has become the biggest customer for both countries. In fact, China is the world’s largest importer

Source: Reuters

Oil up after Trump assurance on China trade deal

Reuters


LONDON  – Oil prices rose on Tuesday in a volatile session after U.S. President Donald Trump soothed jangled nerves over the status of the U.S.-China trade deal.

Markets were unsettled by surprise comments from White House trade adviser Peter …

Sasol Ethan Cracker Louisiana

Sasol Announces Beneficial Operations of Fifth and Sixth Lake Charles Chemicals Project Facilities

HOUSTONJune 23, 2020 /PRNewswire/ — Sasol today announced that the Guerbet alcohol unit at our Lake Charles Chemicals Project (LCCP) achieved beneficial operations on 19 June 2020.

June 23, 2020 - 4:38 am China, Downstream, International, Press Releases
Source: Reuters

China targets rise in oil, natural gas output this year

Reuters


BEIJING  – China aims to produce 1% more crude oil this year than in 2019 and to boost natural gas output by 4.3%, official targets showed on Monday, as the country seeks to safeguard energy security even after a …

Chinese traders trying their luck with sanctioned Venezuelan oil

Chinese traders trying their luck with sanctioned Venezuelan oil

Bloomberg


Oil & Gas 360 Publishers Note: We have been covering this story for weeks in our news desk and stories. This is one to watch.

BEIJING (Bloomberg) – Venezuela’s oil exports have collapsed since the U.S. placed sanctions on …

June 17, 2020 - 9:00 am China, Crude Oil News, International, Politics & Opinions
Source: Reuters

Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions

Reuters


Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.

The United States had imposed sanctions on Venezuela’s state-owned oil company as …

CNOOC Limited Announces Qinhuangdao 33-1S Oilfield Phase I Project Commences Production

CNOOC Limited Announces Qinhuangdao 33-1S Oilfield Phase I Project Commences Production

HONG KONGJune 11, 2020 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Qinhuangdao 33-1S oilfield phase I project has commenced production.

Air Liquide Venture Capital (ALIAD) partners with Cathay Smart Energy Fund to accelerate the energy transition with technology start-ups in China

ALIAD, the Venture Capital arm of the Air Liquide Group, expands its footprint in Asia by investing for the first time in China, while strengthening its position in the energy transition through an equity investment in the Cathay Smart

June 9, 2020 - 3:00 am China, Finance, Press Releases
China Begins Consolidation Of $100+ Billion Oil & Gas Pipeline Industry

China Begins Consolidation Of $100+ Billion Oil & Gas Pipeline Industry

Oil Price


China has required the three biggest state-held oil corporations to transfer the management of half of their liquefied natural gas (LNG) terminals to the newly created state-controlled midstream firm, Caixin Global reported, citing industry insiders.

The transfer …

June 6, 2020 - 9:00 am China, International, Natural Gas News, Pipeline News
Source: CNBC

Helping China cut carbon emissions isn’t a financial game every business can play

CNBC


BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught in a business cycle that shows how difficult it can be for stimulus …

Source: bankofengland.co.uk

Mark Carney, former Bank of England Governor: How banks are better positioned to deal with downturn this time; why China has less room to act as a global stimulus and how energy transition will move “More and more to center stage” for investors

OAG360


Carney speaks with IHS Markit chairman and CEO Lance Uggla for the latest CERAWeek Conversations – available at www.ceraweek.com/conversations

Former Governor of the Bank of England and current UN Special Envoy for Climate Action and Finance Mark Carney says …

June 2, 2020 - 2:30 pm China, Closing Bell Story‎, Energy News, Finance
Source: Reuters

Exclusive: China snaps up Russia’s expensive Urals oil in thirst for sour barrels

Reuters


MOSCOW  – China’s refiners have purchased a quarter of Russia’s Urals oil exports planned for June in the Baltic despite record high premiums for the grade due to a lack of sour barrels as result of the OPEC+ output …

Asia Markets: Hong Kong shares drop amid tensions with China

Asia Markets: Hong Kong shares drop amid tensions with China

BANGKOK (AP) — Asian stocks were mixed after an upbeat open on Thursday, as investors pinned their hopes on an economic rebound from the coronavirus crisis.

Source: CNBC

Oil falls on U.S.-China tensions over Hong Kong

CNBC


Oil prices fell on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong.

A potential deterioration in relations between the world’s two biggest economies could ratchet …

May 27, 2020 - 11:00 am China, Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil drops over 4% on China-U.S. tensions, demand doubts

Reuters


LONDON – Oil fell over 4% on Friday to below $35 a barrel on rising U.S.-China tensions and doubts about the pace of demand recovery from the coronavirus crisis, although it remained on course for a weekly gain.

China …

Post-Crisis Recovery: Oil Supply and Demand is Moving Back Towards Equilibrium with China Leading the Way

Post-Crisis Recovery: Oil Supply and Demand is Moving Back Towards Equilibrium with China Leading the Way

Rare Petro


Oil & Gas Publishers Note: This is an outstanding case study from Kevin Olson at Rare Petro. He does a great job covering the global oil demand inflection points. 

Abstract

The dual black swan events of 2020 have …

Gulf Resources Announced First Quarter 2020 Results and Provided Business Update on Post Quarter Events

Gulf Resources Announced First Quarter 2020 Results and Provided Business Update on Post Quarter Events

May 20, 2020 - 4:45 pm China, Press Releases
China paying a premium for select crudes illustrates demand’s return

China paying a premium for select crudes illustrates demand’s return

WorldOil


-For a sneak peek at the return of Chinese oil demand, look no further than the rebound in price of the nation’s favorite grades.

In the last few days a Chinese state-owned refiner bought Brazil’s Lula crude for August …

Heavy equipment mover soil on one of the mounds as Rio Tinto Kennecott officials talk about their work to reclaim land after the closer of the Barney’s Canyon gold on Tuesday

COVID-19 disrupts global supply of critical minerals

Deseret News


Oil & Gas 360 Publishers Note: This article from the Deseret News has a lot of golden nuggets tucked away throughout the post. (1) Some members of Congress are starting to realize that we cannot rely on other

New Renown, Crude Oil Tanker (VLCC) from Middle East, Docked at 300,000-ton Crude Oil Terminal of Sinopec Zhongke Refinery Port.

Sinopec Puts China’s Largest Petrochemical Port into Operation

ZHANJIANG, ChinaMay 9, 2020 /PRNewswire/ — Sinopec Corp (HKG: 0386), China’s leading energy and chemical company, has put China’s largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker (VLCC) …

May 9, 2020 - 1:29 am China, International, Marine Shipping, OPEC, Press Releases
Source: CNBC

China oil companies could report ‘significant losses’ in the first quarter, Bernstein says

CNBC


Earnings from China’s oil firms are going to “look pretty ugly” in the short-term, one Bernstein analyst told CNBC on Monday.

“We’re expecting very significant losses in the first quarter for PetroChina and Sinopec as a result of the …

China Pushes Coal Power To Fight Economic Slump – Analysis

China Pushes Coal Power To Fight Economic Slump – Analysis

eurasia review


Oil and Gas 360 Publishers Note: This is an interesting Op-Ed article that brings the economic power of coal – cheap. With the economic crisis facing China, you may in fact see a regression to more electricity produced

Argus launches first domestic LPG index in China

Argus launches first domestic LPG index in China

China is the world’s largest consumer of LPG – predominantly propane and butane – accounting for almost a fifth of global demand. Its huge domestic market has traditionally been opaque, offering limited information about trading activity and prices.

Residential cooking …

April 6, 2020 - 1:17 am China, Press Releases
China’s crude oil imports surpassed 10 million barrels per day in 2019

China’s crude oil imports surpassed 10 million barrels per day in 2019

EIA

China’s annual crude oil imports in 2019 increased to an average of 10.1 million barrels per day (b/d), an increase of 0.9 million b/d from the 2018 average. China remains the world’s top crude oil importer, surpassing the United

March 23, 2020 - 1:59 pm China, EIA News That Matters, Energy News
Coronavirus crisis could slow the rate of energy transition, Rystad says

Coronavirus crisis could slow the rate of energy transition, Rystad says

Energy Today

Oil & Gas 360 Publishers Note: Here is one you would not have seen coming last year. The fast moving renewable market being slowed down, and coal production going up. Key takeaway from this article: China’s coal mines