Cnooc

China Petroleum & Chemical Corp., aka Sinopec, has reportedly added natural gas reserves in the Sichuan Basin.  The state-owned company said it received certification from the Ministry of Natural Resources for another 30.55 billion cubic meters (Bcm) of proven reserves in a deep natural gas reservoir in the Bazhong field of the Sichuan Basin, according…

Venture Global LNG Inc. has signed an agreement to supply a subsidiary of China National Offshore Oil Corp. (CNOOC), China’s largest liquefied natural gas (LNG) importer, with 3.5 million metric tons/year (mmty) of the super-chilled fuel for a 20-year term.  Venture Global would supply CNOOC with 2 mmty of LNG on a free-on-board basis from…

Qatar Petroleum (QP) is set to supply even more liquefied natural gas (LNG) to China starting next year under an agreement announced Wednesday. Under the sale and purchase agreement (SPA), QP would supply 3.5 million tons/year (Mty) over a 15-year term starting in January 2022 to the marketing subsidiary of China National Offshore Oil Corp.…

Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has struck a $7 billion liquefied natural gas (LNG) supply deal with China National Offshore Oil Corp. (CNOOC) that includes cargoes from the LNG Canada facility currently under construction in British Columbia. Under the terms of the deal, Petronas would supply 2.2 million metric tons per year (mmty)…

A roundup of news and commentary from NGI’s LNG Insight Tellurian Energy Inc. has named Charif Souki as executive chairman. Souki co-founded the company in 2016 and had been serving as nonexecutive chairman. The company is looking to better leverage his “marketing expertise and relationships” as its Driftwood LNG export project in Louisiana has struggled…

The global natural gas market is grappling with demand loss in China that’s resulted from the coronavirus outbreak, as spot prices in Northeast Asia have continued to tumble, more ships are idling, and buyers and sellers are trying to find a place for deferred cargoes.

China’s city-gas distributor Shenzhen Gas is planning to begin importing natural gas this week at the Yantian port in Shenzhen through subsidiary Sino-Benny.

Oil and gas output has ramped up at the Appomattox floating production system in the deepwater Gulf of Mexico (GOM) months ahead of schedule, operator Shell Offshore Inc. said Thursday.

Booming shale plays in the United States have proved to be more than transformational domestically, according to Jeff Welch, head of North American Gas for EDF Trading North America — they are having “mind-boggling” implications worldwide.