Oil & Gas Weekly (OGW) | View online | 25 July 2014 | 中文   
OIL

Japan in Drive for Hydrates

Japan Oil, Gas & Metals National Corporation (Jogmec) carried out the world’s first offshore production test of methane hydrates. The successful test, which methane gas erupting from...

China & Venezuela Oil Deal: Nations Make Agreement to Send $4 Billion Line of Credit to Venezuela; China Gets Oil in Exchange

In a recent stop on his news-making Latin American tour, Chinese President Xi Jinping signed a number of oil and mineral deals with Venezuela, according to a BBC report ....

Kuwait's Crude oil Exports to China at 157,000 bpd

Kuwait's crude oil exports to China in the first half of this year stood at 3.87 million tons, equivalent to around 157,000 barrels per day (bpd), the latest government data showed....

CNPC Plans Two-well Campaign Off Myamar

CNOOC to lease the latter’s flagship deep-water semi-submersible drilling rig Hai Yang Shi You 981 for the campaign, starting with oil and gas show and it will take....

GAS

British Columbia and China strengthen Ties to Natural Gas Future

The Government of British Columbia and the National Energy Administration of the People's Republic of China signed a Memorandum of Understanding (MOU) today to....

China's Shale Gas Costs At Least Double Those In US

China will be able to meet its 2015 shale gas production targets, but at prices more than double those of the US’ biggest projects, according to analysis of....

Alaska LNG Partners File A Formal Application in US To Export Gas

The supermajors behind the potential $45 billion to $65 billion Alaska LNG project have filed a formal application with the US Department of Energy to export liquefied natural gas....

CNOOC Rules out FSRU For Imports in Jiangsu Province

China National Offshore Oil Corporation (CNOOC) has scrapped plans to operate a floating, storage and re-gasification unit to import liquefied natural gas for...

Upcoming & Ongoing Projects

STATOIL - Barents Sea License 532

Name of ClientStatoil   Estimated Budget ($ US):4,000,000,000    FacilityTypeOil & Gas Field     Sector:Oil Gas Offshore    Status:Construction...

CENTRICA - North Sea License 405

Name of Client:Centrica Resources    Estimated Budget ($ US):3,300,000,000    Facility Type:Oil & Gas Field     Sector:Oil Gas Offshore     Status:Construction...

XGIIG - Aletai Coal-to-Gas (Phase I)

Name of Client:XGIIG - Xinjiang Guanghui Industry Investment (Group) Co., Ltd.    Estimated Budget ($ US)4,000,000,000    Facility Type:Coal Gassification     Sector:Gas    Status:Construction...

ZJLPC - Pinghu Propylene Plant

Name of ClientZJLPC - Zhejiang Julong Petrochemical Co., Ltd.    Estimated Budget ($ US):702,000,000    Facility Type:Propylene    Sector:Petrochemicals    Status:Construction...

PETROCHEMICALS

China to Unveil Petrochemistry Development Plan

China is likely to release a national plan for the development of the petrochemical industry as early as this month, Shanghai Securities News reported on Thursday ....

China's Sinopec, Kuwait Petroleum Ink Cooperation Pact On Refining

China's state-owned Sinopec said Wednesday it has signed a pact with Kuwait Petroleum Co to enhance cooperation in the oil sector, including refining...

Britain Guarantees Grangemouth Petrochemical Loan

Britain said on Thursday it would guarantee a 230 million pound ($394.2 million) loan for Grangemouth petrochemical plant in Scotland, underscoring its commitment to...

Industry News

EU's Planned Sanctions Against Russia to Hit South Stream, Yamal LNG

The European Union's proposed sanctions against Russia, targeting sensitive technology, take aim at Gazprom's huge South Stream gas pipeline project to....

Expand China-Sabah Collaboration – Envoy

The Malaysian and Chinese Governments should create a platform to promote exchanges and understanding between East Malaysia and China, said Consul General of...

Brent Steady Above $108, Supported by China Factory Activity

Brent crude was steady above $108 a barrel on Thursday, holding on to the previous day's gains, after a surprisingly strong reading on Chinese manufacturing...

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