Post Archive by Day: January 10, 2019

U.S. LNG Ready To Take Center Stage In 2019

202.682.8114 (Washington, D.C.) – The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world, creating jobs stateside while reducing emissions and providing reliable energy to countries around the world. The American Petroleum Institute, Center for LNG, and LNG Allies, the three national trade associations specializing in U.S. LNG, today

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NNPC to Crash Price of Cooking Gas

10th January, 2019 The Nigerian National Petroleum Corporation (NNPC) is set to implement effective commercial framework that would halt the export of propane and butane which are major components in the production of Liquefied Petroleum Gas (LPG), also known as cooking gas. The Corporation explained in a press release by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu,

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ZhenHua Oil and Senton Energy consortium obtains China’s first LNG imported window slot

PublishTime:2019-01-10 On September 20, 2018, CNOOC Gas & Power Group (hereinafter “Gas & Power Group”) auctioned the window slot (October 22-26) of Yuedong LNG receiving terminal at the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The consortium formed by ZhenHua Oil and Longkou Senton Energy Co. Ltd. (Senton) obtained the window product at RMB0.265/cubic meter for one spot LNG shipment

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ZhenHua Oil attends APPEC 2018

PublishTime:2019-01-10 From September 24 to 27, 2018, Wang Yuetao, general manager of ZhenHua Oil headed a delegation to attend the Asia Pacific Petroleum Conference (APPEC) in Singapore. Hu Keyu, deputy general manager, Zhang Xiaodi, secretary of the Board of Directors, and personnel of related departments of ZhenHua Oil attended the conference. During the conference, Wang Yuetao and his delegation held

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ZhenHua Oil holds HSE leadership training course

PublishTime:2019-01-10 In order to improve t HSE management of each sector of the company and foster a positive security culture, ZhenHua Oil held its “HSE Leadership Training Course” in Beijing on October 12 and 13, 2018. Jiang Ming, General Manager assistant and Security Director, attended the opening ceremony and delivered a speech. 20 people ncluding safety production management leaders and

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Liu Yijiang meets Trafigura CEO Jeremy Weir

PublishTime:2019-01-10 On September 21, 2018, Liu Yijiang, Chairman of ZhenHua Oil, met with Trafigura CEO Jeremy Weir. The two sides held in-depth discussions on deepening cooperation in the field of crude oil and LNG trading and the dynamics of the international petroleum and LNG market. Liu Yijiang warmly welcomed Jeremy Weir and pointed out that ZhenHua Oil has developed rapidly

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ZhenHua Oil’s first LNG carrier Gaslog Singapore successfully arrives destination

PublishTime:2019-01-10 On October 24, 2018, Wang Yuetao, general manager of ZhenHua Oil, headed a team to Yuedong LNG Receiving Station to witness the arrival and unloading of the first LNG carrier Gaslog Singapore, together with leaders and experts of the Market Supervision Department and South China Regulatory Office of National Energy Administration, CNOOC Gas & Power Group, Shanghai Petroleum and

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ZhenHua Oil attends the 6th session of Arab-China Energy Cooperation Conference

PublishTime:2019-01-10 From November 5 to 8, 2018, the sixth session of the Arab-China Cooperation Conference on Energy was held in Cairo, Egypt. Liu Baohua, deputy administrator of China’s National Energy Administration (NEA), Ashraf, Deputy Minister of Petroleum of Egypt, Osama Ali Asran, Deputy Minister of Electricity and Renewable Energy, Kamal Hassan Ali, Arab League assistant secretary-general for economic affairs, and

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Iraq EBS Oilfield successfully ignites the first torch

PublishTime:2019-01-10 On November 8, 2018, under the joint witness of Chen Weiqing, Chinese Ambassador to Iraq, Djalil Alberea, Baghdad City Defense Commander and senior Iraqi petroleum police officers, Jalal, general manager of the Midland Oil Company (MdOC) in Iraq and Chen Pei, general manager of EBS Co., Ltd. jointly announced the formal start of the EB-26 well test. Through the

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ZhenHua Oil achieves good results at the First China International Import Expo

PublishTime:2019-01-10 On November 4, before the opening of the First China International Import Expo (CIIE), Wen Gang, chairman of China North Industries Group Corporation Limited (NORINCO Group), and Zhang Guoqing, mayor of Tianjin, Shen Ying, vice chairwoman of the State-owned Assets Supervision and Administration Commission (SASAC), and Mr. Ahmad Berwari, Iraqi Ambassador to China, jointly witnessed the inking of the

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ZhenHua Oil attends the 2nd Egypt-China Investment and Trade Expo and “Belt and Road” China-Egypt Cooperation Forum

PublishTime:2019-01-10 On November 15 and 16, 2018, the Second Egypt-China Investment and Trade Expo and “Belt and Road” China-Egypt Cooperation Forum were convened in Cairo. Hou Xiru, general manager of ZhenHua Oil NPIC, which is the only Chinese operator in the Egyptian oil field and director of Egyptian-Chinese Chamber of Commerce, attended the event. The expo was jointly sponsored by

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Wang Yuetao meets Citibank guests

PublishTime:2019-01-10 On November 27, 2018, Wang Yuetao, general manager of ZhenHua Oil, met with Mr. Douglas MacKenzie, Managing Director and EMEA Head of Energy and other guests from Citigroup. Both parties conducted in-depth exchanges on the current macroeconomic situation, characteristics and trends of the oil and gas M&A market, and upstream M&A opportunities in the key areas on which ZhenHua

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Two postdoctoral fellows receive funding from the China Postdoctoral Science Foundation

2019-01-10 Recently the China Postdoctoral Science Foundation unveiled the 64th list of winners. Zhao Xing, postdoctoral fellow jointly nurtured by ZhenHua Oil Postdoctoral Workstation and Southwest Petroleum University, and Bai Hua, nurtured by the company and Chengdu University of Technology, each received a second-grade subsidy of RMB50,000. The China Postdoctoral Science Foundation was initiated by renowned scientist Tsung-Dao Lee with

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China Flexes Shale Muscles as CNPC Ups Gas Output 40%

10 January 2019 Topics: Onshore Tight gas/shale gas/coalbed methane China is making steady progress in its shale gas activity, but a full-fledged boom is not on the horizon. Source: Pixbay sinopec CNPC IEA China unconvetionals China National Petroleum Company (CNPC) reported that shale gas production from its Sichuan Basin project increased by 40% between 2017 and 2018. Total gas output

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CSPCL Nanhai, world-scale ethylene cracker, passes performance tests

January 10, 2019 LONDON, PARIS, HOUSTON, January 10, 2019 — TechnipFMC’s (NYSE: FTI) (PARIS: FTI) technology and design are part of CSPCL’s 1.0 MTPA cracker which recently passed all performance tests. The tests confirm that the performance targets for the furnaces and recovery section have been met. TechnipFMC’s scope included the technology and front-end engineering design for the cracker and

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NACD Names Apache Board Member Ragauss a Top 100 Director

JAN, 10, 2019 The National Association of Corporate Directors (NACD) has named Peter A. Ragauss, a member of Apache Corporation’s board of directors, to its Directorship 100 list. The annual award honors company directors and corporate governance professionals, who distinguish themselves by demonstrating integrity, mature confidence, informed judgment and the highest standards in their board work. Ragauss, 61, joined Apache’s

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Fuling shale gas field output exceeds 6 bln cubic meters in 2018

2019-01-10  Sinopec’s Fuling shale gas field generated 6.02 billion cubic meters of shale gas in 2018. The field’s gas sales reached 5.78 billion cubic meters last year, ranking first both in production and sales among China’s shale gas fields. The Fuling shale gas field, located in southwest China’s Chongqing municipality, is of great significance to the country’s energy structure adjustment,

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Trading and Operations Update

10 Jan 2019 Premier today provides the following Trading and Operations Update ahead of its 2018 Full Year Results, which will be announced on Thursday 7 March 2019. Highlights Estimated year-end net debt of US$2.3 billion, below previous guidance of US$2.4 billion and a reduction of US$390 million on 2017 2018 full year production of 80.5 kboepd, up 7 per

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ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Jan. 31

JANUARY 10, 2019 HOUSTON – ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Jan. 31, 2019 at 12:00 p.m. EST to discuss fourth-quarter and full-year 2018 financial and operating results. The company’s financial and operating results will be released before the market opens on Jan. 31. To access the webcast, visit ConocoPhillips’ Investor Relations site,www.conocophillips.com/investor, and click

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Further multi-million-pound AICDs contract to boost oil recovery in Middle East

January 10, 2019 Independent global completions service company Tendeka has secured a further multi-million-pound contract with a major national oil company in the Middle East. The agreement will see Tendeka provide reservoir modelling and the installation of itsFloSure Autonomous Inflow Control Devices (AICDs) to boost production and improve reservoir performance in several mature fields. Tendeka will perform reservoir simulations for

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