ConocoPhillips Company (ticker: COP) reported first quarter 2018 earnings of $0.9 billion, or $0.75 per share. This compares to first quarter 2017 earnings of $0.6 billion, or $0.47 per share.
First quarter production, excluding Libya, was 1,224 MBOEPD. Production from …
U.S. crude oil exports in 2017 were nearly double those of 2016, and China accounted for 202,000 b/d (20 percent) of the 527,000 …
In 2017 China surpassed South Korea to become the world’s second-largest importer of LNG, according to data from IHS Markit and official Chinese government statistics, the EIA said. Driven by government policies designed to reduce air pollution, LNG imports increased …
Cheniere Energy, Inc. (ticker: LNG) has entered into two LNG sale and purchase agreements (SPA) with China National Petroleum Corporation (CNPC).
Under the SPAs with Cheniere’s subsidiaries, Corpus Christi Liquefaction, LLC and Cheniere Marketing International LLP, CNPC subsidiary PetroChina International …
CNOOC Limited (ticker: CEO) plans to target 470-480 MMBOE for its net production goal in 2018. The geographic production areas are split between China (64%) and overseas (36%). The company’s net production for 2017 stood at approximately 469 MMBOE. As …
Cheniere Energy, Inc. (ticker: LNG) and its subsidiary Cheniere Marketing, LLC have entered into a LNG sale and purchase agreement (SPA) with Trafigura Pte Ltd., a Geneva-based independent trader of oil and petroleum products. Trafigura’s LNG team is based in …
From Asia Times
A joint venture between China LNG shipping and Teekay LNG has reportedly signed a US$1.6 billion deal to finance six LNG carriers, which will service Russia’s Yamal LNG project.
The carriers, currently being built by South Korea’s …
OPEC announced today that its second high level meeting with China produced good will all around and it listed agreements between the countries as to the development of oil resources and sharing technologies to do …
The Asian Infrastructure Investment Bank’s (AIIB) approved a US$250 million loan for a project that will connect about 216,750 households in …
“China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” …
Earlier this week the EIA put out data that revealed that the world’s developing countries used higher amounts of electricity than OECD countries. …
The deal will involve the construction of a 95,000cbm capacity ship which is expected to …
A preliminary agreement with China for the development of a massive liquefied natural gas export project in Alaska will boost its profile, but does not ensure the $43 billion development will go ahead, analysts said on Thursday
China’s …
Imports and domestic output of natural gas are outpacing government projections in China as the country works toward a goal of making the …
China has said it will allow private companies to invest in the country’s oil and gas storage sector, …
China expects crude oil production to fall by 7% compared with its previous five-year plan as production from some of the country’s largest, and oldest, …
China will cut its export quotas to the country’s oil majors by 40% in the first round of licenses for 2017, reports Reuters, even as traders expect allowances for overseas sales to meet …
In its medium-term coal market report for 2016, IEA reports that global coal demand growth has stalled after more than a decade of 4% annual growth, …
Russia and Japan deepened ties between the neighboring countries over the weekend as Russian President Vladimir Putin visited Japanese Prime Minister Shinzo Abe in Japan.
The talks were set …
China’s oil and gas industry is at risk of falling behind the times, according …
Daily oil production in China – the world’s second-largest crude consumer after the United States – fell to a seven-year low in October, according to data from the country’s statistics bureau. …
Calgary-based Genoil Inc. (ticker: GNOLF), provider of upgrading technology for petroleum processing, has signed a letter of intent (LOI) for $50 billion worth of projects in Russia and …
China’s largest crude oil and natural gas producer, PetroChina (ticker: PTR), released its third-quarter results today, reporting substantially lower income amid the global crude oil glut. Net income during the …
China’s gross domestic product continued to grow at a steady rate of 6.7% for the third straight quarter. Government infrastructure projects and a booming property market spurred prices and …
Both Brent and WTI crude prices are up after falling earlier in the day on expectations of a 3 MMBO crude oil build. The build …
The actual amount of crude oil stored in China may be significantly higher than official reports indicate, according to geospatial analytics company Orbital …
Crude oil production from the world’s largest energy consumer hit a six-year low in August, according to information released by the National Bureau of Statistics Tuesday. …
International oil major BP (ticker: BP) said Thursday that the company has signed its second shale gas production sharing contract with China National Petroleum Corp (CNPC). The …
The fist LNG shipment to China from the lower 48 states arrived last week, marking the official entry of the U.S. into the Asian LNG market. The shipment was chartered by Royal Dutch Shell (ticker: RDS) and originated form Cheniere …
Canadian Finance Minister Bill Morneau said that the country is considering relaxing rules on foreign investment in order to attract more capital and spur growth. …
