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22.08.2014 China's Sinopec Sees H1 Profit Grow 6.8%

China Petroleum and Chemical Corporation (Sinopec), the country's largest oil refiner, announced late on Friday that its net profits rose 6.8 percent year on year in the first half of 2014.

22.08.2014 China ships no crude oil to N. Korea for 7th month

China's customs data has shown no exports of crude oil to North Korea in the first seven months of 2014, according to the data compiled by South Korea's government trade agency Saturday, even though bilateral trade was little changed.

20.08.2014 China’s Karamay implements Blue Sky project

Urho district in Karamay is home to the Fengcheng oilfield, the largest heavy oil field in China.
Oil pollution has become a major issue in this district.

18.08.2014 AWE acquires 40% interest in China block

AWE Limited (ASX: AWE) today announced that it has signed a Farm-in Agreement to acquire a 40% working interest in Block 09/05, Offshore Bohai Basin, China, from a wholly owned subsidiary of ROC Oil Company Limited (ASX: ROC).

13.08.2014 China's demand for overseas crude to expand this year

China's dependency on foreign crude will continue to increase this year despite the ongoing strife in major oil-producing nations like Iraq, a leading industry think tank said on Tuesday.

13.08.2014 China to raise natural gas prices for industries

China will pass on some of the higher costs of natural gas to consumers, but again excluded residential users in its first price increase in more than a year.

11.08.2014 Chinese 12-streamer Vessel “HYSY721” Delivered Successfully

China Oilfield Services Limited’s newly-built 12-streamer vessel “HYSY721” has been successfully delivered in Shanghai, the company reported in a news release.

09.08.2014 CNOOC adds floating oil production units

China National Offshore Oil Corp, the country's largest offshore oil explorer, announced on Friday it has completed the construction of its 17th floating production, storage and offloading unit valued at 2.7 billion yuan ($440 million).

08.08.2014 China July crude oil imports down 9% on year

China's crude imports fell 9% in July from a year ago, hitting the lowest daily level since March, after subdued demand growth had led to speculation earlier this year of stockpiling by the world's largest energy consumer.

05.08.2014 China Angles to Increase Domestic Gas Shipping Potential

Chinese shipyards are seeking to take about $10 billion in orders for new liquefied natural gas tankers over the rest of the decade, part of a plan to restructure the country’s ailing shipbuilding sector and secure China’s energy supply chain, the New York Times reports.