Sunday, May 26, 2019

Tag: CNOOC

China’s High-Speed Rail Diplomacy

Beijing Sets its Sights on the U.S. Market. A sense of uncertainty hangs over American infrastructure, as the United States muddles through with its aging nuclear plants, careworn bridges, and potholed highways. In past eras, the United States excelled at building major projects; now, it lags behind other countries. That...

China’s Oil Demand Could Be 19% Below IEA Forecast, Warns Merrill

Is it time to sell into the rally? Brent crude has recovered from its late January low of $27.88 to trade at $40.95 this morning. China’s new five-year plan (for 2016-2020), unveiled last weekend, sets a meaningfully negative tone for China’s oil demand. If fully implemented, China’s oil demand could be...

Biggest LNG Buyers Seek Alliance to Boost Bargaining Power

Japan’s Jera Co. said it’s in talks with other LNG companies to create an alliance of buyers that account for more than one-third of global trade. Jera, a joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co., is seeking to cooperate with Korea Gas Corp. and China...

China to Decline Oil Production in 2016: Will Oil Prices Stroke Up?

China expects the oil production to decline in 2016 amid weak domestic demand and a slowdown in the economy. China's part as a major oil buyer has turned into an essential element in energy markets. Presently, its part as a noteworthy oil producer is picking up a considerable amount of...

RasGas, Petronet Revise LNG Contract to Lower Indian Prices

Qatar’s RasGas Co. agreed to cut the price of gas it supplies to Petronet LNG Ltd. by almost half from Friday under an existing 25-year contract with India’s biggest gas importer. Under the revised terms, Petronet will pay RasGas $6 to $7 per million British thermal units, compared with about $13...

China National Offshore Oil Corp 3QFY15 Earnings Tumble On Low Oil Prices

CNOOC revenue drops almost by a third after a persistent decline in crude oil prices. China National Offshore Oil Corp. (CNOOC) released its key operational statistics for third quarter fiscal year 2015 (3QFY15) today. The company 3QFY15 unaudited oil and gas revenue saw a massive decline of 32.3 % year-...

China, Vietnam pledge peaceful resolution for sea dispute

(Reuters) - China and Vietnam have pledged to look for a peaceful resolution to their dispute in the South China Sea via talks, following a meeting between China's president and the head of Vietnam's Communist Party, state news agency Xinhua said on Wednesday. A joint communique carried by Xinhua said...

China’s Oil Future

Robust industrial growth and increasing domestic living standards have left China with a nearly insatiable thirst for energy. And oil is playing an integral part in meeting that demand. Although coal remains the chief source of energy, oil fuels China’s transportation, plays a crucial role in industry, and is a...

Iraq Embraces China’s Growing Oil Dominance

BAGHDAD— From the giant southern oilfields to the lively souks of Basra, China is drilling ever deeper into Iraq. Driven by an insatiable thirst for oil, Beijing secured a formidable position in Iraq's prized energy sector through auctions held four years ago. It is now seeking to buy 850,000 barrels...

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