Development Statue of Natural Gas Industry in China

Based on the second resources evaluation nationwide and latest statistical results made by CNPC, Sinopec,CNOOC, the three large oil companies, China presently has rich natural gas resource of 47 trillion cubic meters,the proven natural gas reserve is of 22 trillion cubic meters, and the recoverable reserve is of 14 trillion cubic meters.     

Development Status of Natural Gas Industry in China

China has relatively rich natural gas resourcesBased on the second resources evaluation nationwide and latest statistical results made by CNPC, Sinopec, CNOOC, the three large oil companies, China presently has rich natural gas resource of 47 trillion cubic meters, the proven natural gas reserve is of 22 trillion cubic meters, and the recoverable reserve is of 14 trillion cubic meters. Of which, the final proven natural gas reserves in Sichuan, Ordos and Tarim Basin exceeds 3 trillion cu…     

China＇s Oil ＆ Gas Industry Overview in 2013 and Outlook for 2014

Overview of development in China＇s oil and gas industry in 2013
China＇s economy grew slowly but steadily, at an expected annual rate of 7.6%, and investment as a contribution towards economic growth increased
In 2013, the economy of China entered a transition period of slow but steady growth, with the annual GDP growth expected to be 7.6%, after a down-and-up swing. Driven by policies ensuring steady growth, investment once again became the main driving force of economic growth.     

Outlook of PetroChina''''s Technological Development during the 11th Five-Year Plan Period

The 11th Five-Year Plan period is a critical time for PetroChina transforming to a transnational enterprise group with international competitiveness, also a turning     

Rapid Development of China''''s Offshore Oil Industry

Founded on February 15, 1982, China NationalOffshore Oil Corporation (CNOOC) has experiencedtwo decades of rapid development, in which theannual offshore oil production rose dramatically to23. 13 million tons in 2001 from 90,000 tons in 1982while the total assets jumped to 72 billion yuan from2.8 billion yuan, but the total employees dropped to21,000 people from 30,000. This offshore oil giantgenerated a profit of 9.2 billion yuan in 2001 andturned over 4 billion yuan in taxes to the State…     

Analysis of Chinese Accounting Standards for the Oil and Gas Industry and Related Enterprises

1. Introduction Oil and gas are strategic resources that affect national economics and people’s livelihood. As a result, the operation of petroleum industry receives much attention from all sides and it is therefore important to effectively standardize oil companies’ accounting practice. High technical content, large investment, high risk, declining production, increasing cost and other factors highlight the importance of formulating appropriate accounting standards. The International Accou…     

Foreign Cooperation and Development Trends of the Russian Petroleum Industry and Prospects of Sino-Russian Cooperation in Oil and Gas

1.Introduction Russia is one of the countries with rich reserves of crude oil and natural gas. Among the petroleum-producer countries, Russia ranks the eighth with its proven remaining recoverable oil of 8.219 billion tons and the first with its proven remaining recoverable natural gas of 47.57 trillion m3 (Oil and Gas Journal, 2005). In today’s economic globalization, the whole world will greatly benefit from Russia’s rich oil and gas resources and its opening policy in petroleum industry…     

Review on the Trend for Development of World＇s Petroleum Refining Industry

This article introduces the situation related with the increasingly deteriorating crude quality, the demand for cleaner transportation fuels and clean production processes that the world＇s petroleum refining industry is faced with. This article also suggests that the trend for future development of global refining industry is focused on the economy of scale for the refineries and the oil processing units, the refining structure readjustment, integration of the oil refining and chemical production and formation of oil refining bases. The oil refining industry will uninterruptedly rectify its industry allocation and processing unit configuration and strive for the reduction of production cost through technical progress and management innovations to reduce the production cost, boost the profitability and sharpen the market competitive edge.     

Outlook of PetroChina＇s Technological Development during the 11th Five-Year Plan Period

The 11th Five-Year Plan period is a critical time for PetroChina transforming to a transnational enterprise group with international competitiveness, also a turning point for the implementation of its scientific and technological strategy.[第一段]     

Four Major Lines and Four Major Bases for Development of Petrochemical Industry in Xinjiang

The “2004-2010 Plan for Development of Petrochemical Industry in Xinjiang” drawn out by China Institute for Planning of Petroleum and Chemical Industries has passed appraisal in Urumqi in June 2004.     

Energy and the Environment: Outlook—Sunspot Data May Indicate End of Global Warming Trend

In November 2013, yet another climate conference was held, this time in Warsaw. Like the United Nations Doha conference the previous year, the Warsaw conference devolved into a demand by less-developed nations for climate “reparations” from developed nations, principally the United States. The demanders include China and India, which are the number-one and number-four carbon emitters, respectively. In fact, China led a walkout of 132 developing nations from the Warsaw conference to protest the lack of climate reparations. Nevertheless, the conference was a resounding success, assuming success to be an agreement by participating nations to publish intended carbon emissions reductions before the gabfest to be held in Paris in the fall of 2015.     

Accelerating the Development of Hydrogenation Process and Technology in China

The crude oils processed at refineries worldwide are becom ing heavier with the contents of sulfur and heavy metals increasing since the 1990s. The environmental regulations promulgated by the governments of many countries are tight ening and there is an urgent need which calls the refiners'attention to adopt clean production processes and make clean fuels.     

Latest Exploration and Development Activities of PetroChina at Home

PetroChina has completed 69.96 percent of its annual planned basically proven reserves, 78.75 percent of its annual planned controlled reserves and 166.26 percent of its annual planned basically proven natural gas reserves. President of PetroChina Exploration and Production Company Hu Wenrui made the following briefings at China Central TV Station on July 22.     

Development Trend of China’s Petroleum and Petrochemical Equipment Manufacturing Industry

The equipment manufacturing industry is a strategic and fundamental industry which provides equipment for all industries including the defense industry.The domestication of equipment manufacturing is a miniatureof rapid development of     

Application of New material Technology in Petroleum Industry

Petroleum industry is an important user from the angle of materials. The materials and technologies of all kinds can find suitable application in petroleum industry, such as exploration, development, storage and trainsportation and chemicals. High-performance structural material is the important substance foundation of the country‘s basic industry and engineering construction. It is also one of the fields under the most intensive international competition for high technology and new materials at the present time. Metal and alloy materials have taken the dominant position in the     

Preliminary Discussion on the Construction and Development of Modern Refinery in China

Along with the global economic growth in the 21st Century,production level and living standard of people will developrapidly and global population will grow sharply. How to main-tain the harmonies between living and development, resourceand environment as well as society and civilization to createa future of sustainable development and build modern refin-eries becomes the need of mankind development and also theideal and responsibility of people engaged in petroleumrefining.refining.1 Situatio…