Cheniere executive indicates that China may buy LNG from the company “There’s a lot of interest from Chinese buyers for long-term LNG volume, especially for 2020 onwards,” Cheniere Vice President for Asia at Cheniere Marketing Pte Ltd Nicolas Zanen, on the sidelines of the Asia Oil and Gas Conference in Kuala Lumpur, told Reuters. Cheniere Energy (ticker: LNG) is set
News from around the globe China plans to spin off pipeline assets into a new company, Iran raises its oil prices by 9%, India attracts bids for a new LNG import facility and Russia is adjusting its mining taxes. China looks to create new pipeline business China’s economic planning agency, the National Development and Reform Commission (NDRC) is leading talks
Chinese company Kerui is looking to register as a business in Crimea to make supplying equipment easier China’s Kerui is set to deliver oil and gas equipment to Crimea, the company’s vice president, Wang Bin, told Tass during a Russian-Chinese business forum on Wednesday. Crimea and Russia have both struggled to continue exploring for oil and gas as Western sanctions
Russia’s major pipeline to China may be put on hold State-owned oil major Gazprom (ticker: OGZPY) may put its Power of Siberia gas pipeline project on hold, according to sources close to the company. The project may be put off until Moscow completes a separate, smaller project to send gas from existing fields to China through the Altai pipeline project
The French oil major is looking for up $15 billion in Chinese financing to develop projects in Russia Many companies are trying to steer clear of extra risk in Russia as the West continues to add new sanctions against the country since it annexed Crimea early last year. Oil majors like Chevron (ticker: CVX) and ExxonMobil (ticker: XOM) have pulled
Sinopec announces FY 2014 results China’s Oil major Sinopec (ticker: SNP) released its full-year 2014 results over the weekend, showing lower revenues despite continued growth in production. According to the company’s release, this was due to the dramatic fall in oil prices seen in the second half of 2014. In accordance with the International Financial Reporting Standards (IFRS) 2014, the
China’s largest offshore producer announced that it has begun production at its offshore expansion project China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced this week that it has begun production at its Qinhuangdao 32-6 comprehensive adjustment project. Once the project reaches its peak production capability it is expected to produce 36 MBOPD, according to the company’s press release. The
The Kremlin is thinking of giving majority control of major oil fields to Chinese investors in order to develop energy reserves Russia may consider allowing Chinese investors more than 50% stake in its strategic oil and gas fields, an official said last Friday to The Moscow Times. The decision, a complete change in previous policy, highlights Moscow’s need for foreign
‘The Big Three’ have all downgraded Gazprom, but China’s Dagong ratings agency recently issued the company its highest rating Standard & Poor’s rating agency today downgraded Russia’s state-owned oil and gas giant Gazprom (ticker: OGZPY) and a number of other major Russian companies, joining Moody’s and Fitch in a series of credit downgrades directed at the Russian oil and gas
15 Wells are Producing 7.6 MBOPD China National Offshore Oil Corporation (CNOOC) announced today that its Jinzhou 9-3 comprehensive adjustment project has commenced production. The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai with a water depth in the range of 6.5 meters to 10.5 meters (approximately 21 feet to 34 feet). The main production facilities
New South Sea discovery tested to produce more than 35 MMcf/d China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced yesterday a new “mid-to-large sized” natural gas discovery. The find, Lingshui 25-1, is located in the northeast of Ledong Sag in the Qiongdongnan Basin of the South Chinese Sea. The discovery well Lingshui 25-1-1 was drilled and completed at a
China National Offshore Oil Corporation (CNOOC) and its partner, Husky Energy (ticker: HSE) announced that their Liuhua 34-2 offshore gas field commenced operations on December 15, 2014. The Liuhua 34-2 gas field is located in the Eastern South China Sea, approximately 300 kilometers (186 miles) southeast of the Hong Kong Special Administrative Region, with water depth ranging from 850 to
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