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China National Petroleum Corp. (CNPC)

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News

Brazil’s Mero-3 Offshore Development Reaches First Oil

With the start-up of Mero-3, the production capacity of the Mero field has reached 590,000 bbl/d.

Exxon Awards JGC, Technip Energies LNG FEED Contract

Technip Energies said Rovuma LNG, located in Mozambique, is expected to have a total production capacity of 18 million tonnes per annum.

Deepwater Roundup 2024: Americas

The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.

Deepwater Roundup 2024: Offshore Africa

Offshore Africa, new projects are progressing, with a number of high-reserve offshore developments being planned in countries not typically known for deepwater activity, such as Phase 2 of the Baleine project on the Ivory Coast.

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.