China is shifting its focus on state-owned enterprise reform, but it still remains to be seen if the SOEs will make significant changes to the roles non-state entities can play. Song Yen Ling discusses China’s energy sector reform goals in this week’s At the Wellhead column from Oilgram News, and also takes a look at whether internal turmoil within China’s dominant upstream player is a hurdle to advancing projects.
Posts Tagged ‘China’
By Yen Ling Song | July 28, 2014 10:50 AM Comments (0)
By Christine Forster | July 25, 2014 10:15 AM Comments (0)
Mongolia might not be the first place that springs to mind as a potential investment destination for oil and gas players, but one small Australian company is hoping the recent passing of a new petroleum law will open up opportunities in the landlocked nation between Russia and China.
Wolf Petroleum is the only Australia-listed oil and gas company operating in Mongolia. But the industry minnow, capitalized at just A$5.5 million ($5.2 million), claims a position as Mongolia’s largest petroleum acreage holder, with one production block and two exploration areas covering more than 74,400 sq km (18,000 million acres).
By Elizabeth Bassett | June 17, 2014 08:21 AM Comments (2)
The second installation of The Oil Big Five hit a snag when we realized that comments weren’t coming through on our blog platform, so this follow-up is a week later than we wanted.
But regardless of timing, we wanted to feature the comments from our readers, both here on the blog as well as on social media. We know what our oil experts and editors think are the most important trends worldwide, but what about you? Do you agree with what others have said?
By News Desk | June 9, 2014 06:14 PM Comments (0)
By Elizabeth Bassett | June 3, 2014 12:01 AM Comments (1)
This is our second installment of The Oil Big Five, where we ask Platts oil experts around the globe to outline five big trends or factors affecting the oil industry. We were glad to hear from you, our readers, on our first post, and we featured your top responses in our follow-up post. Be sure to leave us a comment and tell us what you think about our picks as well as what you see as the biggest influences in your part of the industry.
By News Desk | May 27, 2014 02:37 PM Comments (0)
By Stuart Elliott | May 15, 2014 01:49 PM Comments (0)
The International Energy Agency believes OPEC will need to raise its production by nearly 1 million b/d in the third quarter to meet rising global demand and to make up for slowing supply growth from non-OPEC producers.
That would mean the group would be producing nearly 31 million b/d within a few months.
Can it be done?
By Joseph Innace | May 11, 2014 03:12 PM Comments (1)
Mexican officials said last week that they seized a drug cartel’s vessel and the nearly 70,000 mt of iron ore it was carrying, according to United Press International. The cartel, known as Knights Templar, is “known iron ore smugglers, in addition to trafficking methamphetamine to the US,” UPI reported.
There were no details on the quality specs of the iron ore cargo, but assuming an average price of $91/ dry mt CFR China — based on the six grades from 52% Fe – 65% Fe, which Platts assesses — the value of the shipment would approximate $6.4 million.
By Elizabeth Bassett | May 1, 2014 01:14 PM Comments (9)
Welcome to a new feature for The Barrel, where each month Platts’ oil experts in offices around the world will outline the five big trends or factors affecting oil markets. From Asia to the Americas, we’ll assess the leading issues in crude and refined products over the past month, and those that may have an impact in the future.
But this isn’t just about what we think. We’d like your views and insights, as participants and observers in the oil industry, as to what issues are driving your markets, your business, or your views.
Be sure to leave a comment and tell us what you think, and we will collate the best answers and re-post as a new post to share with our readership.