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China National Petroleum Corp. (CNPC)

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2011-06-28-2011-06-20

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News

CERAWeek: NOCs Balance Financial Realities, Energy Transition

National oil companies’ strategies include diversifying energy sources and seeking reserves located deeper in the ground and in deeper waters, while still working to curb emissions.

Mero-2 Begins Second Phase Production in Brazil

With Petrobras’ Mero-2 coming online, the Mero field is expected to reach a production capacity of over 410,000 bbl/d of oil.

Field Digital Twin Planned for Pre-salt Mero Field

Halliburton is working with Libra Consortium, led by Petrobras, to develop the twin, which will allow the consortium to run “what if” scenarios.

China 2023 Oil Demand Growth Seen Slower on Strong EV Sales

China's state oil company Economic & Technology Research Institute previously forecasted oil demand reaching 743 MMmt in 2023, but have now updated growth targets to come in below original predictions. 

Russia in Talks with Asia-Pacific Nations on LNG Supplies, Projects

Russia has been in discussions with Asia-Pacific countries about new long-term contracts for supplies of LNG and investments in LNG plants. 

China's CNPC Set to Seal Mega Qatari LNG Deal

CNPC has agreed to main supply terms for an agreement with QatarEnergy similar to a 27-year LNG deal made a couple months ago between Sinopec and QatarEnergy.

Mozambique's First LNG Cargo Departs for Europe

Operated by the Eni-led Area 4 Partners joint venture, Mozambique's Coral Sul Floating LNG facility has the capacity to produce up to 3.4 million tonnes of LNG a year.

Energy Transition in Motion (Week of Sept. 23, 2022): Advancing Projects, Investment

Here’s a look at some of this week’s renewable energy news, including plans to seek lithium from soon-to-be abandoned oil wells in the Williston Basin.

PetroChina Taps Shale Oil in Aging Western China Field

After achieving breakthroughs in shale oil explorations, top Chinese oil and gas major PetroChina now aims to build a pilot zone to pump one million tonnes of crude a year by 2025, parent company CNPC says.

Putin Unveils New Gas Deal with China's Xi as Moscow Squares Off with West

The new deal with Beijing would not let Moscow divert gas otherwise bound for Europe, as it involved gas from the Pacific island of Sakhalin, unconnected to Russia's European pipeline network.

China Oil Demand to Peak by 2030 on Petrochemical Use, Research Shows

The study shows overall oil demand will fall after 2030 as transportation consumption declines while chemical demand remains stable during the period.

CNPC Plans New Shale Oil Field near Northeast China's Daqing

CNPC said it aims to produce 1 million tonnes of oil annually by 2025 from the Gulong shale oil formations at Daqing in northeast China's Heilongjiang province.

CNPC Discovers Shale Oil Field in Erdos Basin

Proven geological reserves are estimated at more than 1 billion tonnes shale oil, Xinhua reported June 20.

Petrobras Finds High Quality Oil in New Well at Giant Buzios Field

Brazil’s state-controlled oil producer Petroleo Brasileiro SA confirmed the presence of high quality oil on Dec. 22 after drilling a new well at Buzios, the country’s second-most productive field.

Schlumberger Enters Technology License Agreement with CNPC Logging

The agreement will enable co-manufacture of wireline downhole technology,