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PetroChina Int'l completes offshore-yuan-settled bio-jet fuel sale

Guangzhou (JLC), June 14, 2024 – PetroChina International has recently sold a bio-jet fuel cargo to KLM Royal Dutch Airlines and successfully settled the deal in offshore Chinese yuan.

06-14-2024 17:20:58

CNOOC starts up China’s largest offshore secondary adjustment project

Guangzhou (JLC), February 21, 2024--State-owned China National Offshore Oil Corporation (CNOOC) announced in early February the commissioning of the Suizhong 36-1/Lvda 5-2 oilfield secondary adjustmen

02-21-2024 16:44:59

CNOOC announces full operation for 100-million-mt offshore oilfield

Guangzhou (JLC), July 14, 2023--CNOOC has put the offshore Kenli 6-1 Oilfield Cluster into full operation on June 12, with a daily output of crude exceeding 8,000 mt.

07-14-2023 15:55:38

China's offshore oil and gas output sets new high in 2020

China recorded a new high of 65 mln mt of oil equivalent in its offshore oil and gas output in 2020, CNOOC said on December 24.

12-28-2020 18:20:03

CNOOC gains interest in two Adnoc offshore oil assets

China National Offshore Oil Corporation (CNOOC) has gained some interest in two offshore oil assets of Abu Dhabi National Company (ADNOC), according to ADNOC.

07-30-2020 16:20:20

Shengli Oilfield's offshore crude output exceeds 60 million mt

Beijing (JLC), May 14, 2020--Shengli Oilfield accumulatively produced 60.20 million mt of crude by May 10, with the natural gas output of 2.77 billion cubic meters, JLC data shows.

05-14-2020 16:06:15

China's largest independent offshore oil field produces 85 mln mt of crude

Beijing (JLC), August 22, 2019--As of August 16, the crude oil production of China's Suizhong 36-1 oil field reached 85 million mt, according to an institute under the State Council.

08-22-2019 10:24:38

China Petroleum Pipeline wins EPC contract for offshore pipeline in Indonesia

Beijing (JLC), August 20, 2019--China Petroleum Pipeline Engineering Co., LTD. (CPP) will deliver the engineering, procurement and construction (EPC) of an offshore oil pipeline with the world largest diameter in Indonesia, China National Petroleum Corporation said on its news website recently.

08-20-2019 16:11:27

CNOOC, Sinopec to conduct joint studies offshore China

Beijing (JLC), July 18, 2019--CNOOC Limited announced recently its subsidiary CNOOC China Ltd. signed a cooperation framework agreement with China Petroleum and Chemical Corp (Sinopec) to jointly study and explore multiple areas in China.

07-18-2019 09:33:40

Sinopec issue $2.4 bln of offshore bonds

Beijing (JLC), September 13, 2018--Sinopec issued $2.4 billion of offshore bonds successfully on September 6, the company said on its website

09-13-2018 14:20:22

Teapots’ Shengli, offshore crude refining margins rise

Chinese independent refiners found higher refining margins for Shengli and offshore crude this week, because of rises in product prices, JLC data shows.

03-22-2018 16:14:57

Teapots’ refining margins for Oman, offshore crude up on lower costs

Chinese independent refiners processing Oman crude and domestic offshore crude reaped better refining margins this week, because of drops in feedstock costs, JLC data shows.

02-09-2018 17:09:04

Offshore crude refining profit rises 83% WoW

The theoretical profit of processing light offshore crude in independent refineries increased by CNY44/mt WoW to CNY95/mt.

01-11-2018 18:24:44

Light offshore crude profit slid to CNY504/mt

The theoretical processing light offshore crude profit of independent refineries fell by CNY85/mt WoW to CNY504/mt, as the sales decreased amid downward refined product market.

12-11-2017 17:43:18

Light offshore crude profit edged up to CNY589/mt

The theoretical processing light offshore crude profit of independent refineries inched up by CNY77/mt WoW to CNY589/mt, as refined products’ remaining downward.

12-01-2017 16:41:49

Offshore crude refining profit increased by CNY45/mt WoW to CNY371/mt

The theoretical processing light offshore crude profit of independent refineries reached CNY371/mt, up CNY45/mt week on week as refined products’ sales revenue continued to rise, but the increase was limited as offshore crude price moved up.

11-06-2017 09:37:04

Offshore light crude price increased by CNY50/mt WoW to CNY3,450/mt

The theoretical processing light offshore crude profit of independent refineries reached CNY211/mt, up CNY2/mt week on week as offshore crude price increased, while downstream sales revenue grew.

09-14-2017 13:46:57

Processing offshore crude profit increased by CNY134/mt WoW to CNY209/mt

The theoretical processing offshore crude profit of independent refineries reached CNY209/mt, up CNY134/mt week on week as refined product price increased.

09-12-2017 15:39:09

Offshore crude theoretical profit decreased by CNY4/mt to CNY229/mt

This week, based on the settlement price CNY3,400/mt of light offshore oil (density: 0.88-0.90) at Shandong market on August 23rd, the theoretical processing profits of independent refineries were CNY229/mt, down CNY4/mt WoW.

08-24-2017 13:33:48

China Offshore Bitumen CDU operation pushed up the run rate to 60.31%

According to JLC statistics from 40 Shandong teapots, up to June 14th, 2017, the CDU run rate hiked by 1.05 percentage points WoW to 60.31%.

06-15-2017 13:52:24

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