Energy Talking Points 21-10-2015

Date: Wednesday, 21st October 2015 Sinopec triples proven reserves at Fuling (English) Source: news base, 15 Oct 2015 Recent appraisal work has confirmed an additional 273.8 billion cubic metres of shale gas at a project in Chongqing. This brings the field’s net proven reserves as certified by the up to 380.6 bcm, which the report …

Energy Talking Points 14-10-2015

Date: Wednesday, 14th October 2015 Chinese nuclear power industry see new developing opportunities (Chinese) Source: ifeng.com, 29 Sep 2015 Analysts believe that in the next 10 years, the investment into this industry would be more than 85 billion annually, due to the numerous encouragement policies. According to the thirteenth 5-years-plan, it is expected to reach …

Energy Talking Points 23-09-2015

Date: Wednesday, 23rd September 2015 China still top global spot metallurgical coal buyer (English) Source: platts.com, 15 September 2015 China remained the largest spot buyer and clearing market for met coal, accounting for 75% of the global spot volume of 33.1 million MT, in H1 2015. China’s share of the global premium coal spot trade …

Energy Talking Points 16-09-2015

Date: Wednesday, 16 September 2015  Low oil prices tipped to hurt Australia’s GDP (English) Source: AAP, 14 September 2015 Weaker oil prices are expected to be a double-edged sword for Australia by weakening overall economic growth but providing a boost to household spending. A CBA analyst believes the lower price will shave 0.5% from the …

Energy Talking Points 08-09-2015

Date: Tuesday, September 8th, 2015 Australia’s Woodside makes $8.1 billion bid for PNG-focused Oil Search (English) Source: Agence France Press, 08 September 2015 Australian energy giant Woodside Petroleum has recently made an estimated AUD $11.6 billion bid for Oil Search, in a move to tap into the Papua New Guinea market. Woodside last month reported a …

Energy Talking Points 02-09-2015

Date: 2nd September, 2015 PetroChina’s H1 net profit slumps 63% (English) Source: Shanghai Daily, 28th August 2015 Despite an increase in sales volume, China’s largest oil and gas producer, PetroChina Co, has seen net profit plunge by 63% in the first half of the year as falling oil prices squeeze earnings. As a sign of …

Energy Talking Points 27-08-2015

Date: 27th August 2015 Jemena is considering to merge a gas storage factory from Energy Australia Pty (Chinese) By Sohu.com, 26 August 2015 Acxording to a report from the Sydney Morning Herald, Jemena, a firm being hold by State Grid Corporation of China, started to assess the facilities of the factory, but they have not …