China

Designed to be a “living” map, it focuses on the largest fixed infrastructure for crude oil and refined products such as trunk pipelines, refineries, and storage facilities.

Gasoline and diesel demand are set to increase YoY beginning in Q3 2020.

The planned JV is for one of three LNG terminals GCL is planning to build in China.

In this paper, the authors propose a least-squares Q migration (LSQM) method that combines the benefits of both LSM and Q prestack depth migration (QPSDM) to improve the amplitude fidelity and image resolution of seismic data.

The unseasonably warm weather in the northern hemisphere and the rise of the global supply levels has resulted in record-low LNG prices. Adding to that, the coronavirus epidemic in China has reduced business and industrial activity, with January’s LNG imports dropping by about 10% year on year.

Wood Mackenzie expects the ongoing outbreak and disruption to the world’s second largest economy to be a one-off event, yet it could remove at least 500,000 B/D of crude demand in the short term.

Xu Keqiang took the reins as CEO of the Chinese national oil company on 19 November. Meanwhile, more oil is flowing from the offshore Caofeidian 11-1/11-6 oilfield project.

Annual report says that governments have the greatest capacity and responsibility to shape the energy future.

Amidst a conflict between Vietnam and China over the South China Sea, the Malaysian company’s 10-year deal to supply an FPSO for the Ca Rong Do offshore field is now history. Repsol, the operator of Ca Rong Do, suspended the project last year in the wake of government pressure.

The report, the first by a Chinese company in Saudi Arabia, outlines how Sinopec is fulfilling its economical, safety, environmental, and social responsibilities in Saudi Arabia.