After the outbreak of Coronavirus Disease 2019(COVID-19),China National Petroleum Corporation(CNPC)attached great importance to the prevention and control of COVID-19,and set up a COVID-19 leading group led by CNPC Ch...After the outbreak of Coronavirus Disease 2019(COVID-19),China National Petroleum Corporation(CNPC)attached great importance to the prevention and control of COVID-19,and set up a COVID-19 leading group led by CNPC Chairman Dai Houliang.CNPC has strengthened its centralised and unified leadership,held many leading group meetings,and made comprehensive arrangements for the epidemic prevention and control.展开更多
Due to the increasingly obvious trend of reverse globalization,the unprecedented COVID-19 pandemic and tangible or intangible barriers formed between countries,the transaction and management costs of international com...Due to the increasingly obvious trend of reverse globalization,the unprecedented COVID-19 pandemic and tangible or intangible barriers formed between countries,the transaction and management costs of international companies have increased.At the same time,their international operation and supply chain management have been further complicated by the intens i f ied superpower games,more frequent geopolitical conflicts and greater fluctuations in bulk commodity prices.The situation requires international companies to be more flexible,pragmatic,cost-saving,and localized.It has also become very important for international companies to sustain their confidence and resilience,and maintain efficient communication and cross-cultural management in host countries.展开更多
Focused on“energy security”,US energy policies have undergone a multi-stage evolution.The main line has shifted from ensuring the oil and gas supply to achieving energy independence,and then to diversified developme...Focused on“energy security”,US energy policies have undergone a multi-stage evolution.The main line has shifted from ensuring the oil and gas supply to achieving energy independence,and then to diversified development under a broader concept of energy security.The development path of US oil and gas companies is guided and influenced by series of policies.Represented by ExxonMobil and Chevron,US oil companies are maintaining a long commitment to the oil and gas business,especially unconventional resources such as shale gas and shale oil.Different from their European counterparts,US oil companies have chosen CCS/CCUS as their primary method for achieving carbon neutrality.As for the new energy business,the US oil giants are showing more interest in raw materials such as lithium resources rather than the power generation business.展开更多
It has long been extremely difficult to predict the rise and fall of international oil prices. There are a great many factors affecting oil prices. Even today, no institution or individual has yet been able to find a ...It has long been extremely difficult to predict the rise and fall of international oil prices. There are a great many factors affecting oil prices. Even today, no institution or individual has yet been able to find a mathematical model or formula to accurately predict oil prices. The unpredictability of oil prices has long been a展开更多
In 2016,CNPC managed to achieve a profit even despite the fact that the international oil price was lingering at a decade low.This was the third year in a row for the group to gain profit.Moreover,2016 was a year that...In 2016,CNPC managed to achieve a profit even despite the fact that the international oil price was lingering at a decade low.This was the third year in a row for the group to gain profit.Moreover,2016 was a year that marked significant gains for both CNPC’s operational and non-operational business,and the company also did excellent work in terms of international trading。展开更多
On November 9,2017,exactly one year after Donald Trump's victory over Hillary Clinton to become the new President of the United States(he won the election on November 9,2016),and also the second day of Trump's...On November 9,2017,exactly one year after Donald Trump's victory over Hillary Clinton to become the new President of the United States(he won the election on November 9,2016),and also the second day of Trump's first presidential trip to China,Chinese energy enterprises entered into huge energy cooperation contracts worth over USD 160 billion in total value with American enterprises in front of the presidents of the two countries。展开更多
Recently, the energy security issues in China have once again raised the wide concern of industry insiders and senior Chinese Government leaders. The focus this time is on the security of oil and natural gas supplies....Recently, the energy security issues in China have once again raised the wide concern of industry insiders and senior Chinese Government leaders. The focus this time is on the security of oil and natural gas supplies. Taking 2017 as an example, China's crude oil consumption was nearly 600 million tons, with imports of more than 400 million tons and external crude oil dependence of nearly 70%; in the same year,China's natural gas consumption exceeded 240 billion m^3, with imports exceeding 90 billion m^3 and natural gas external dependence of nearly 40%. At first glance,展开更多
Regarding the global oil and gas market in 2018,some people are optimistic, others are worried, and it is fair to describe the market as complex and volatile. In his speech at the annual meeting of the Beijing Energy ...Regarding the global oil and gas market in 2018,some people are optimistic, others are worried, and it is fair to describe the market as complex and volatile. In his speech at the annual meeting of the Beijing Energy Club in mid-December 2018, Mr. Zhang Guobao.展开更多
Another global technological giant-Intel Corporationrecently announced its alliance with the well-known oilfield service provider Weatherford,stimulating the oilfield service industry.According to Colin Tait,the IT Di...Another global technological giant-Intel Corporationrecently announced its alliance with the well-known oilfield service provider Weatherford,stimulating the oilfield service industry.According to Colin Tait,the IT Director of Weatherford,‘cooperation with Intel and other leading IT companies allows us to expand the functions of existing oilfield technologies.With the power of cloud computing,advanced analysis and IOT,we are able to build an end-to-end digital oilfield solution,which gives us greater efficiency in the upstream oil and gas industry.’This is the third case of a global,well-known hightech or manufacturing enterprise‘crossing borders’and entering into the petroleum industry by cooperating with large oilfield service providers.The first two cases were that of GE’s acquisition of the world’s third largest oilfield service provider,Baker Hughes,at the end of October 2016,and the world’s second largest oilfield service provider Halliburton’s cooperation with the‘leading high-tech company’of Microsoft in August 2017,when they announced their joint effort to facilitate the oil and gas industry’s digital transformation.The global oilfield service industry has been experiencing‘rapid development’,and the era of major and disruptive changes has come.展开更多
From March 1 to 5,the 2021“Cambridge Energy Week”(CERAWEEK)meeting was held online.With the theme of“The New Map:Energy,Climate and Charting the Future”,this“Cambridge Energy Week”discusses energy transformation...From March 1 to 5,the 2021“Cambridge Energy Week”(CERAWEEK)meeting was held online.With the theme of“The New Map:Energy,Climate and Charting the Future”,this“Cambridge Energy Week”discusses energy transformation,geopolitics,economy and market,investment and financing,innovation and technology,and talents needed in the future.展开更多
Since the Spring Festival of 2020,affected by the Coronavirus Disease 2019(COVID-19),the vast majority of Chinese people have had to go out less or even stay at home.What impact will this epidemic have on the energy i...Since the Spring Festival of 2020,affected by the Coronavirus Disease 2019(COVID-19),the vast majority of Chinese people have had to go out less or even stay at home.What impact will this epidemic have on the energy industry?What impact will this epidemic have on the oil and gas industry?On February 6th,IHS Markit(IHS),an energy strategy and information consulting firm,organised online economists from China and North America,and experts from China’s oil and gas industry,to conduct a thematic analysis of the impact of the epidemic on the economy and oil and gas market of China and the world.展开更多
On October 18,the Second Belt and Road Energy Ministerial Conference,themed“Join Hands towards a Greener and More Inclusive Energy Future”,was held in Qingdao City,Shandong Province.During the event,fifteen best pra...On October 18,the Second Belt and Road Energy Ministerial Conference,themed“Join Hands towards a Greener and More Inclusive Energy Future”,was held in Qingdao City,Shandong Province.During the event,fifteen best practice cases of international energy cooperation were unveiled.CNPC’s six projects were shortlisted.CNPC’s Central Asia-China Natural Gas Pipeline(Line A,B,C)Project,Yamal LNG Cooperation Project.展开更多
Central Asia mainly refers to five countries to the west of Xinjiang,namely Kazakhstan,Uzbekistan,Turkmenistan,Tajikistan and Kyrgyzstan.The region occupies an important geographical location at the junction of Europe...Central Asia mainly refers to five countries to the west of Xinjiang,namely Kazakhstan,Uzbekistan,Turkmenistan,Tajikistan and Kyrgyzstan.The region occupies an important geographical location at the junction of Europe and Asia.Since time immemorial,it has been a critical node region in economic and cultural exchange corridors,including the Silk Road.In addition,as the region is rich in such strategic resources as oil and natural gas,it has always been a focus of concern and competition among great powers.展开更多
Since the beginning of the year 2021, the global economic recovery has been improving, the quantitative easing policies of many countries have been implemented, regional economic and trade cooperation has been deepeni...Since the beginning of the year 2021, the global economic recovery has been improving, the quantitative easing policies of many countries have been implemented, regional economic and trade cooperation has been deepening, and China’s foreign trade has steadily rebounded. A new wave of the pandemic has reemerged in many countries in Europe and Asia, and the Delta virus has spread faster, which made the previous anti-pandemic efforts useless. Up to now, the number of infected people in the world has approached 190 million, and the number of deaths has exceeded 4 million.展开更多
Since China’s leaders put forward the“30/60”goals in September 2020(achieving peak carbon dioxide emissions by 2030 and carbon neutrality by 2060),how to achieve the goals on schedule has become a hot topic in the ...Since China’s leaders put forward the“30/60”goals in September 2020(achieving peak carbon dioxide emissions by 2030 and carbon neutrality by 2060),how to achieve the goals on schedule has become a hot topic in the whole of society.At present,from the central government to local governments,from the business community to the academic community,and from think tanks to media networks,the discussion around“Carbon Neutrality and Peak Carbon Dioxide Emissions”is in full swing.展开更多
The 5th Annual Forum on Promoting the Belt and Road Construction held in August 2018 and the Second Belt and Road Forum for International Cooperation held in April2019 marked the transition from"general envisioni...The 5th Annual Forum on Promoting the Belt and Road Construction held in August 2018 and the Second Belt and Road Forum for International Cooperation held in April2019 marked the transition from"general envisioning"to"detailed planning"of Belt and Road construction,which has begun to become"deep and practical"and moves towards a new stage of"high-quality development1.展开更多
On July 5,2017,BP released the BP Statistical Review of World Energy(2017)in Beijing,which reviews and analyzes the production and consumption of various types of energy in the world for the past year.Spencer Dale,BP...On July 5,2017,BP released the BP Statistical Review of World Energy(2017)in Beijing,which reviews and analyzes the production and consumption of various types of energy in the world for the past year.Spencer Dale,BP’s chief economist,detailed global energy production and demand in 2006.He reported a piece of"big"news:the proportion of oil in the world’s primary energy consumption didn’t decrease in 2016,but rather展开更多
From March 7th to 11th,2022,the 40th CERAWeek,known as the“Davos Forum”of the energy sector,was held in Houston,USA,the energy capital of the world.This was the first offline CERAWeek since the outbreak of the COVID...From March 7th to 11th,2022,the 40th CERAWeek,known as the“Davos Forum”of the energy sector,was held in Houston,USA,the energy capital of the world.This was the first offline CERAWeek since the outbreak of the COVID-19 pandemic and the first CERAWeek with S&P Global as the organizer.展开更多
2022 will be a turning point for green hydrogen Clearer policies will continue to drive the construction of pipelines for green hydrogen(and related products).Projects proposed in 2021 have an electrolysis capacity cl...2022 will be a turning point for green hydrogen Clearer policies will continue to drive the construction of pipelines for green hydrogen(and related products).Projects proposed in 2021 have an electrolysis capacity close to 250GW,compared with 70GW in 2020 and less than 15GW in 2019,said Paola Perez-Pe?a,Principal Researcher at S&P Global.展开更多
文摘After the outbreak of Coronavirus Disease 2019(COVID-19),China National Petroleum Corporation(CNPC)attached great importance to the prevention and control of COVID-19,and set up a COVID-19 leading group led by CNPC Chairman Dai Houliang.CNPC has strengthened its centralised and unified leadership,held many leading group meetings,and made comprehensive arrangements for the epidemic prevention and control.
文摘Due to the increasingly obvious trend of reverse globalization,the unprecedented COVID-19 pandemic and tangible or intangible barriers formed between countries,the transaction and management costs of international companies have increased.At the same time,their international operation and supply chain management have been further complicated by the intens i f ied superpower games,more frequent geopolitical conflicts and greater fluctuations in bulk commodity prices.The situation requires international companies to be more flexible,pragmatic,cost-saving,and localized.It has also become very important for international companies to sustain their confidence and resilience,and maintain efficient communication and cross-cultural management in host countries.
文摘Focused on“energy security”,US energy policies have undergone a multi-stage evolution.The main line has shifted from ensuring the oil and gas supply to achieving energy independence,and then to diversified development under a broader concept of energy security.The development path of US oil and gas companies is guided and influenced by series of policies.Represented by ExxonMobil and Chevron,US oil companies are maintaining a long commitment to the oil and gas business,especially unconventional resources such as shale gas and shale oil.Different from their European counterparts,US oil companies have chosen CCS/CCUS as their primary method for achieving carbon neutrality.As for the new energy business,the US oil giants are showing more interest in raw materials such as lithium resources rather than the power generation business.
文摘It has long been extremely difficult to predict the rise and fall of international oil prices. There are a great many factors affecting oil prices. Even today, no institution or individual has yet been able to find a mathematical model or formula to accurately predict oil prices. The unpredictability of oil prices has long been a
文摘In 2016,CNPC managed to achieve a profit even despite the fact that the international oil price was lingering at a decade low.This was the third year in a row for the group to gain profit.Moreover,2016 was a year that marked significant gains for both CNPC’s operational and non-operational business,and the company also did excellent work in terms of international trading。
文摘On November 9,2017,exactly one year after Donald Trump's victory over Hillary Clinton to become the new President of the United States(he won the election on November 9,2016),and also the second day of Trump's first presidential trip to China,Chinese energy enterprises entered into huge energy cooperation contracts worth over USD 160 billion in total value with American enterprises in front of the presidents of the two countries。
文摘Recently, the energy security issues in China have once again raised the wide concern of industry insiders and senior Chinese Government leaders. The focus this time is on the security of oil and natural gas supplies. Taking 2017 as an example, China's crude oil consumption was nearly 600 million tons, with imports of more than 400 million tons and external crude oil dependence of nearly 70%; in the same year,China's natural gas consumption exceeded 240 billion m^3, with imports exceeding 90 billion m^3 and natural gas external dependence of nearly 40%. At first glance,
文摘Regarding the global oil and gas market in 2018,some people are optimistic, others are worried, and it is fair to describe the market as complex and volatile. In his speech at the annual meeting of the Beijing Energy Club in mid-December 2018, Mr. Zhang Guobao.
文摘Another global technological giant-Intel Corporationrecently announced its alliance with the well-known oilfield service provider Weatherford,stimulating the oilfield service industry.According to Colin Tait,the IT Director of Weatherford,‘cooperation with Intel and other leading IT companies allows us to expand the functions of existing oilfield technologies.With the power of cloud computing,advanced analysis and IOT,we are able to build an end-to-end digital oilfield solution,which gives us greater efficiency in the upstream oil and gas industry.’This is the third case of a global,well-known hightech or manufacturing enterprise‘crossing borders’and entering into the petroleum industry by cooperating with large oilfield service providers.The first two cases were that of GE’s acquisition of the world’s third largest oilfield service provider,Baker Hughes,at the end of October 2016,and the world’s second largest oilfield service provider Halliburton’s cooperation with the‘leading high-tech company’of Microsoft in August 2017,when they announced their joint effort to facilitate the oil and gas industry’s digital transformation.The global oilfield service industry has been experiencing‘rapid development’,and the era of major and disruptive changes has come.
文摘From March 1 to 5,the 2021“Cambridge Energy Week”(CERAWEEK)meeting was held online.With the theme of“The New Map:Energy,Climate and Charting the Future”,this“Cambridge Energy Week”discusses energy transformation,geopolitics,economy and market,investment and financing,innovation and technology,and talents needed in the future.
文摘Since the Spring Festival of 2020,affected by the Coronavirus Disease 2019(COVID-19),the vast majority of Chinese people have had to go out less or even stay at home.What impact will this epidemic have on the energy industry?What impact will this epidemic have on the oil and gas industry?On February 6th,IHS Markit(IHS),an energy strategy and information consulting firm,organised online economists from China and North America,and experts from China’s oil and gas industry,to conduct a thematic analysis of the impact of the epidemic on the economy and oil and gas market of China and the world.
文摘On October 18,the Second Belt and Road Energy Ministerial Conference,themed“Join Hands towards a Greener and More Inclusive Energy Future”,was held in Qingdao City,Shandong Province.During the event,fifteen best practice cases of international energy cooperation were unveiled.CNPC’s six projects were shortlisted.CNPC’s Central Asia-China Natural Gas Pipeline(Line A,B,C)Project,Yamal LNG Cooperation Project.
文摘Central Asia mainly refers to five countries to the west of Xinjiang,namely Kazakhstan,Uzbekistan,Turkmenistan,Tajikistan and Kyrgyzstan.The region occupies an important geographical location at the junction of Europe and Asia.Since time immemorial,it has been a critical node region in economic and cultural exchange corridors,including the Silk Road.In addition,as the region is rich in such strategic resources as oil and natural gas,it has always been a focus of concern and competition among great powers.
文摘Since the beginning of the year 2021, the global economic recovery has been improving, the quantitative easing policies of many countries have been implemented, regional economic and trade cooperation has been deepening, and China’s foreign trade has steadily rebounded. A new wave of the pandemic has reemerged in many countries in Europe and Asia, and the Delta virus has spread faster, which made the previous anti-pandemic efforts useless. Up to now, the number of infected people in the world has approached 190 million, and the number of deaths has exceeded 4 million.
文摘Since China’s leaders put forward the“30/60”goals in September 2020(achieving peak carbon dioxide emissions by 2030 and carbon neutrality by 2060),how to achieve the goals on schedule has become a hot topic in the whole of society.At present,from the central government to local governments,from the business community to the academic community,and from think tanks to media networks,the discussion around“Carbon Neutrality and Peak Carbon Dioxide Emissions”is in full swing.
文摘The 5th Annual Forum on Promoting the Belt and Road Construction held in August 2018 and the Second Belt and Road Forum for International Cooperation held in April2019 marked the transition from"general envisioning"to"detailed planning"of Belt and Road construction,which has begun to become"deep and practical"and moves towards a new stage of"high-quality development1.
文摘On July 5,2017,BP released the BP Statistical Review of World Energy(2017)in Beijing,which reviews and analyzes the production and consumption of various types of energy in the world for the past year.Spencer Dale,BP’s chief economist,detailed global energy production and demand in 2006.He reported a piece of"big"news:the proportion of oil in the world’s primary energy consumption didn’t decrease in 2016,but rather
文摘From March 7th to 11th,2022,the 40th CERAWeek,known as the“Davos Forum”of the energy sector,was held in Houston,USA,the energy capital of the world.This was the first offline CERAWeek since the outbreak of the COVID-19 pandemic and the first CERAWeek with S&P Global as the organizer.
文摘2022 will be a turning point for green hydrogen Clearer policies will continue to drive the construction of pipelines for green hydrogen(and related products).Projects proposed in 2021 have an electrolysis capacity close to 250GW,compared with 70GW in 2020 and less than 15GW in 2019,said Paola Perez-Pe?a,Principal Researcher at S&P Global.
