Peru Will Likely Create Pacific Ocean Reserve in 2019
fish species, according to the document.The companies that have exploration or drilling rights inside the borders of the proposed reserve include Savia Peru - a joint venture of Ecopetrol and Korea National Oil Corp - BPZ Exploracion & Produccion, Karoon Gas Australia Ltd and China National Petroleum Corporation.(Reporting by Mitra Taj; editing by Jonathan Oatis
China backs Putin's idea of developing Russia's Far East
7 percent this year, down from 7.4 percent in 2014 and the slowest in a quarter of a century. Wang's address to the forum on Saturday was short and he left immediately afterwards, in the middle of the session, followed by Chinese officials, including Wang Yilin, chairman of the board at China National Petroleum Corporation. "This was unexpected but this was okay, we managed," said Boris Titov, chairman of the Russian part of the China-Russia Friendship Committee for Peace and Development. "The first session was delayed and they (the Chinese delegation) had already a briefing scheduled
China Studies Floating Gas Plants for South China Sea
, industry officials said such vessels could become an important component of Beijing's strategy in the South China Sea - including in disputed waters - as the country looks to boost its offshore energy output. CNOOC Group also owns a $1 billion oil rig that was deployed by state-run China National Petroleum Corporation (CNPC) to drill in waters claimed by Vietnam in early May. On Wednesday, CNPC said the rig had finished exploration after finding signs of oil and gas near the Paracel Islands. Searching for Another Daqing CNOOC Group was doing a pre-feasibility study to evaluate the potential
China Optimistic of Finding Gas off Vietnam
president of the National Institute for South China Sea Studies, a Chinese government think-tank on the southern island of Hainan. "China is pretty confident ... otherwise they wouldn't start drilling," added Wu, a leading expert on China's ambitions in the South China Sea. China National Petroleum Corporation (CNPC), the dominant oil and gas producer in China, owns the block being drilled but has given it no name, Chinese officials said. The world's largest energy user imports nearly 60 percent of its oil needs and more than 30 percent of its natural gas. Exxon Found Oil and Gas Nearby Deplo
China Secures Abu Dhabi Oil Field Deal
China National Petroleum Corporation (CNPC) has secured the rights to produce and export oil from Abu Dhabi, helping China secure more fuel for its rapid economic growth. State-run CNPC has expanded over the past decade to over 30 countries around the globe to help secure supplies of the oil and gas that China needs to sustain its economic growth. Under the latest deal granted by the president of the United Arab Emirates (UAE), China's biggest energy company will help develop several onshore and offshore fields in Abu Dhabi and take a share of any oil produced, UAE state news agency
Offshore Brazil: The Libra Field & Brazil’s Pre-Salt Policy
investment, which respects contracts and preserves its sovereignty. For all this, the Libra auction represents a marquee in the history of Brazil.” Companies in first Pre-Salt Auction • CNOOC International Limited (China) • China National Petroleum Corporation (CNPC) (China) • Ecopetrol (Colombia) • Mitsui & Co. (Japan) • ONGC Videsh (India) • Petrogal/Sinopec (Portugal-China) • Petrobras (Brazil) •
Chinese Firms in Winning Libra Field Bid, Offshore Brazil
The Chinese firms, China National Offshore Oil Corporation ( CNOOC) and China National Petroleum Corporation (CNPC), have a 10 percent stake each, with Shell and Total taking 20 percent each, and Petrobras the remaining 40 percent share. The Libra block is located in Santos Basin ultra deep waters in the pre-salt polygon and is considered a prospect of high potential. The total extension of the area is 1,547.76 km2 and was discovered by well 2-ANP-0002ARJS, drilled in 2010. Under the rules of the auction, Petrobras had to participate in any consortium with at least a 30-percent stake, and to
February 2025
