Cnooc articles & resources on Made-in-China.com

China to Restrict Oil Product Exports in H1 2017

Mar 31, 2017

China is highly likely to restrict oil product exports in the first half of 2017 to flat or below H1 2016 levels amid growing focus on pollution control, curbing excess capacity and international trade flows, sources with knowledge of the ...

Tags: Oil Product, Crude Oil

Shell Announces Successful Bid for Giant Field in Deep Water Brazil

Dec 10, 2016

“The Libra oil discovery in Brazil is one of the largest deep water oil accumulations in the world. We look forward to applying Shell’s global deep water experience and technology, to support the profitable development of this ...

Tags: Shell, oil discovery

Shell Signs New Upstream Deals with CNOOC and CNPC

Dec 9, 2016

The two offshore oil and gas PSCs with CNOOC are for blocks 62/02 and 62/17 in the Yinggehai Basin. Shell, as operator, will apply advanced seismic acquisition and processing technologies to conduct 3D seismic data surveys in the Yinggehai ...

Tags: Shell, oil and gas, seismic data

Shell Adds Third Major Discovery to The Norphlet Play in The Gulf of Mexico

Dec 8, 2016

Shell and the Norphlet play “The Rydberg discovery builds upon our leadership position in the Eastern Gulf of Mexico and its proximity to our other discoveries in the area make Rydberg particularly exciting.” said Marvin Odum, ...

Tags: Shell, Rydberg, discovery

Beijing Expected to End Oil Product Export Quotas

Dec 7, 2016

China's independent refineries likely have to rely on state-owned trading companies to export oil products in 2017 as Beijing is likely to stop awarding them quotas to export directly, informed sources said Friday. "It [stopping awarding ...

Tags: Oil Product, Refiners

Exxonmobil Says Second Well Offshore Guyana Confirms Significant Oil Discovery

Sep 28, 2016

Exxon Mobil Corporation (NYSE:XOM) today said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million ...

Tags: drilling results, Liza-2 well, significant oil discovery

Cnooc and Shell Take Final Investment Decision to Expand Petrochemical Complex in China

Sep 28, 2016

China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. (Shell) today announce the final investment decision to expand CNOOC and Shell Petrochemical Company’s (CSPC) existing 50:50 joint venture (JV) in Huizhou, ...

Tags: CNOOC, Shell, final investment decision, expasion

Shell Takes Final Investment Decision to Build a New Petrochemicals Complex in Pennsylvania, US

Sep 28, 2016

Shell Chemical Appalachia LLC (Shell) has taken the final investment decision to build a major petrochemical complex, comprising an ethylene cracker with polyethylene derivatives unit, near Pittsburgh, Pennsylvania, USA. Main construction ...

Tags: Shell Chemical Appalachia LLC, final investment decision

Asia Spot LNG: January Platts Jkm Down 10 Cents Since Rolling on Monday

Nov 24, 2015

The Platts JKM for January was down 10 cents over the course of the week to $7.475/MMBtu on Friday, after rolling to become the new front month on Monday, November 16. Buying sentiment for the month continued to soften, with limited ...

Tags: Curtis LNG

Independent Players Push for Access to LNG Supply

Jan 30, 2015

Falling LNG costs and rising domestic gas prices in China have made opportunistic purchases increasingly attractive for non-traditional LNG buyers, which are now putting pressure on state-owned terminal operators to gain access to their ...

Tags: LNG prices, LNG market

The First Round of Oil Product Export Quotas for 2015

Jan 17, 2015

China this week issued the first round of oil product export quotas for 2015, with volumes totaling 9.75 million mt, industry sources said Wednesday, January 14. This is significantly more than the roughly 8 million mt of quotas that were ...

Tags: Oil Export, Crude Oil

Chinese Oil Companies Prompted to Reduce Output

Jan 11, 2015

Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...

Tags: crude prices, Crude Oil

LPG Prices Plunge for 2nd Week Slump,Weak Demand

Dec 15, 2014

Prices of both imported and domestically-produced LPG fell another 9-12% in China this week after sliding 10-13% last week amid lower Asian LPG values and weaker demand from the petrochemical sector, trade sources said Friday, December 12. ...

Tags: Propane, LPG

China Imports The Gasoil to Better Margins

Nov 7, 2014

A combination of low inventories and refinery maintenance could be spurring some Chinese state-owned companies to seek gasoil imports for the fourth quarter, sources said this week. Though market sources said that state-owned trader ...

Tags: Gasoil, sulfur gasoil, crude oil

The World Bank Will Fund Infrastructure Projects Worth $245m to Revamp Facilities

May 28, 2014

The World Bank will fund infrastructure projects worth $245 million to revamp facilities in Uganda's Albertine oil region, ahead of first oil production in the country, Uganda's President Yoweri Museveni said in a statement Thursday. ...

Tags: Infrastructure Funds, Oil

Cnooc

Related Products