Yanchang Petroleum Group to Focus on Petrochemicals

Century-old development Based in Northwest China’s Shaanxi Province,the country’s fourth largest oil producing province,and directly attached to Shaanxi People’s Provincial Government, Yanchang Petroleum Group is one of the four qualified enterprises for oil and gas exploration in     

Oil Resources Potential and Exploration of Ordos Basin

Ordos Basin has experienced nearly a century of oil-gas exploration since China＇s first oil exploratory well （Yan-1 well） was drilled in 1907 in Yanchang County, Shaanxi Province. A good prospect for sustained and steady development of oil and gas was thereby opened based on the efforts made by generations of petroleum geologists and oil workers. Especially in recent 10 years, petroleum geologists and oil workers in the basin have constantly emancipated their mind and developed new technologies to solve the complex low permeability geological issues and technical problems of oil-gas exploration. Three major breakthroughs have been successively achieved in Zhi（dan）Jing（bian）-Ansai area of northern Shaanxi Province, Xifeng area of eastern Longdong （ Gansu Province）, and Jiyuan region between northern Shaanxi and Eastern Gansu. Ansai, Jing＇an, Xifeng, and Jiyuan oilfields with a hundred million tons of oil reserves each have been discovered one after another, in which the new annual additional reserves have topped one hundred million tons for ten consecutive years. By the end of 2004, a total of 36 oilfields have been discovered in the basin, in which proved oil geologic reserves reached 1.31972 billion tons （excluding Yanchang Oilfield）.     

China’s Oil Consumption Hits Record High in 2008

Soaring oil prices have not slowed China＇s consumption ofoil as statistics show that China＇s apparent consumption of crude oil and refined oil products both hit record highs in the first quarter of the year. According to statistics recently released by the China Petroleum and Chemical Industry Association （CPCIA）, China＇s apparent consumption of oil products composed of gasoline, diesel and kerosene rose by 16.5 percent year on year to 52.73 million tons in the first three months, and crude oil, rose by eight percent to 91.8 million tons. The ＂apparent consumption＂ represents the sum of net imports and output and could be taken as an index for the real oil consumption excluding inventory.     

CNPC Firmly Pursues Multinational Business Strategy

As China＇s No.1 oil producer, China National Petroleum Corporation （CNPC） has tenaciously committed itself to the multinational strategy in the efforts to establish its business presence worldwide both in the upstream and downstream sectors of the oil and natural gas industry in the past decades. Foreign cooperation has become part of the most important business development strategy of the oil giant and brought it with remarkable achievements.     

Introduction to Yanchang Petroleum （Group）

Yanchang Petroleum （Group） Co., Ltd, is a state-owned enterprise under the Shaanxi provincial administration and also one of the four companies qualified to explore and develope oil and gas in China. Being a complex that integrates businesses like oil and gas exploration, refinery, chemical engineering, oil and gas storage and transportation, engineering and construction, and machine manufacturing,     

Realize Tarim Oilfield Take-off

PetroChina Tarim Oilfield Company, former Tarim Petroleum Exploration ＆ Development Bureau founded in April 1989, is one of the regional subsidiaries under PetroChina Company Limited （PetroChina）. It is a large-scale oil company integrated in petroleum exploration and development, oil refining, production of petrochemicals, technological study and marketing business. Headquartered on the bank of Peacock River in Korle City of Xinjiang Uygur Autonomous Region, the company operates itself in more than 20 counties of five prefectures around Tarim Basin. It has since its foundation adhered to the principles of＂adopting new management system and new technology, as well as realizing high-grade and high-efficiency battle for oil＂, implemented market operation, contract management, professional service, and socialization dependence. The engineering service personnel of the company are mainly from the nation＇s bigthree oil companies - China National Petroleum Corporation （CNPC）, China National Petrochemical Corporation （Sinopec）, and China National Offshore Oil Corporation （CNOOC）, while the logistic service mainly depends on the local specialization service personnel. It is the first oil company to establish and implement the standardized system that has approached the international level among all onshore oilfields in China.     

CNPC Focuses Investment on Main Business for Sustainable Development

Despite the current global financial crisis, PetroChina Company Limited, of which China National Petroleum Corporation （CNPC） is the parent company, plans to increase its investment in its oil and gas business from 60 to 70 percent in 2009. Chairman of PetroChina Jiang Jiemin said at a recent shareholders meeting that PetroChina＇s losses during the global financial crisis were ＂limited and under control＂ because the company has focused the majority of its business on oil and gas production and exploration in the past few years. According to Jiang, PetroChina may adjust its investment structure but will continue to strengthen its core businessas the oil and gas projects are to last generally six to eight years.     

Status Quo of China＇s Petroleum Exploration and Its Prospect

The oil shortages in China have been becoming more serious in the recent years, which set higher pressure on petroleum exploration in China. In order to increase oil and gas supply and safeguard national energy security, it is critical for China to strengthen oil and gas exploration for more and more oil and gas discoveries. Based on summing up the outcomes of petroleum exploration achieved in the 10th Five-Year Plan period （2001-2005）, the paper analyzes the main issues facing China＇s petroleum exploration currently and in the future. What＇ s more, it probes into the trends of petroleum exploration in the future and predicts the growth of oil and gas reserves. The strategic trend of petroleum exploration is to ＂be based on exploration for large basins, look for new exploration areas, maintain the development of eastern China, accelerate the exploration of western China, speed up offshore exploration.＂[第一段]     

CNPC Refreshes Oil and Gas Production Records

Continuous growth in oil and gas production China National Petroleum Corporation （CNPC） hit a record high for oil production again in 2006 by producing 106.64 million tons of oil, 58 percent of the nation＇s total, and 44.2 billion cubic meters of natural gas, 76 percent of the total.     

Oil and gas cooperation between China and Central Asia in an environment of political and resource competition

This paper investigates Central Asia＇s oil and gas resources, special geopolitics and energy competition, and approaches, challenges and prospects in cooperation between China and Central Asia. The objective is to propose measures for oil and gas cooperation between China and Central Asia. Central Asia is rich in oil and gas resources. Its remaining recoverable reserves of crude oil and natural gas account for 1.9% and 10.6 %, respectively, of the world＇s total reserves. Moreover, there is great exploration and development potential. As a strategic channel connecting Eurasia, Central Asia has a prominent geopolitical status. Many powerful countries such as the United States, Russia and China, as well as Europe, have an intense energy competition in Central Asia. In the oil and gas cooperation with Central Asia, the China National Petroleum Corporation （CNPC） focuses on establishing a coordination group, promoting overall oil and gas business opportunities and sustainable development, innovating and applying specialty engineering technology and improving project economic benefits. Through its efforts over the last nearly two decades, the China National Petroleum Corporation has completed a 50-million-tonne a year oil and gas production centre in Central Asia and oil and gas pipelines passing through multiple countries, becoming an important channel for securing China＇s energy imports. If appropriate measures are taken in the ＇Thirteenth Five-Year Plan＇ period or later, the China National Petroleum Corporation will develop a 100-million-tonne p.a. oil and gas production centre in Central Asia and a strategic oil and gas import channel exceeding this amount of production. This cooperation between China and Central Asia is however faced with the following challenges： increasing multinational competition uncertainty, potential risks in the political systems of Central Asian countries, frequently occurring violence and also resource policy tightening in Central Asia. To further oil and gas cooperation w     

CNPC-Active Oil Player Worldwide

China National Petroleum Corporation （CNPC）, China＇s largest oil and gas producer, has cumulatively made an investment of 59.6 billion yuan （US$7.39 billion） for its overseas oil and gas business in the past few years. The group has established five oil and natural gas production bases in Africa, central Asia, America, the Asian and Pacific region and the Middle East.     

Contract on First-in-World 0.5 Mt/a Syngas-to-Ethanol Unit Signed

正On December 15,2017,the Shaanxi Xinghua Group Company,a subsidiary company wholely owned by the Shaanxi Yanchang Petroleum (Group) Corporation Limited,and the Yanchang Zhongke (Dalian) Energy Science and Technology Company Limited jointly signed in Xi’an a "Technical license contract on the 500 kt/a     

CNPC Orders Seismic Vessel from Rolls-Royce

BGP Marine China, a subsidiary of China National Petroleum Company （CNPC）, has recently ordered a seismic streamer vessel from Rolls-Royce Plc, a world- leading provider of power systems and services for use on land, at sea and in the air. The vessel, which is designed and equipped by Rolls-Royce as one of the world＇s most advanced seismic research vessels, is scheduled to be delivered by late 2009 or early 2010. It will operate worldwide in support of oil and gas exploration and production.     

Development Prospect of Oil ＆ Gas Pipelines of CNPC

Prospect of engineering technologies for pipelines in China
In recent years, China National Petroleum Corporation （CNPC） has made remarkable achievements in the field of oil and gas transmission pipeline engineering. The demand for oil and gas has increased a lot, along with the rapid development of national economy and the improvement of people＇s living standard. In the days to come, China will witness an even greater development in the engineering construction of oil and gas transmission pipelines.     

COSCO Calls for Boost of China＇s Oil Fleet Capacity

Dalian Ocean Shipping Company （COSCO Dalian） said recently that China should strengthen its maritime oil transport capacity to ensure the security of China＇s oil supply. Meng Qinglin, Managing Director of COSCO Dalian, said at the 2006 China Oil and Gas Summit that with the rise of China＇s oil imports, the weak maritime oil transport capacity has become a major threat to China＇s oil supply security.     

CNPC Becomes a Partner of Beijing 2008 Olympic Games

The Beijing Organizing Committee for the 2008 Olympic Games （BOCOG） signed an agreement with China National Petroleum Corporation （CNPC） at Diaoyutai State Guesthouse in the afternoon of May 30, making CNPC an official partner of the Beijing 2008 Olympic Games. It means that CNPC, China＇s largest producer and supplier of oil and gas,     

China Petroleum Information Technology Service Center

China National Petroleum Corporation （CNPC） is one of the world＇s leading integrated energy companies. Its business covers a broad spectrum of upstream and downstream activities, oil and gas engineering technical services, and equipment manufacturing and supply. CNPC ranks 9th among the world＇s top 50 petroleum companies and rates 39tb in Global 500.     

China's Demand for Overseas Crude to Expand

China＇s dependency on foreign crude will continue to increase this year despite the ongoing strife in major oil-producing nations like lraq. According to a report publishcd by China National Petroleum Corporation （CNPC）, the country＇s largest oil and gas produce,; China is expected to import 298 million metric tons of crude this year, accounting for about 58.66 percent of the total crude consumption in the country.     

CNPC Sees Crude and Natural Gas Production Rising Steadily

China National Petroleum Corporation （CNPC） firmly consolidated its dominant position in the country＇s oil and gas production sector in 2008. The largest oil producer in China sees an increase of 466,700 tons in its domestic crude output in the first half over the same period a year earlier. CNPC, the parent of PetroChina, said its production had met 50.03 percent of the full-year target despite the worst snowstorm in more than five decades from January to February and the massive Sichuan earthquake on May 12.     

CNPC Makes Remarkable Achievements in Implementation of Go-World Strategy

CNPC Successfully Acquires Kazak Oil Company China National Petroleum Corporation （CNPC） has recently announced that it successfully acquired PetroKazakhstan （PK）, a Kazak oil company headquartered in Canada. A local Canadian court in Alberta has approved the US$4.18-billon acquisition of PK by CNPC, which took over the company through its wholly-owned subsidiary China National Petroleum Corporation International （CNPCI）.