On January 212025,the CNPC Economics&Technology Research Institute,a national high-end think tank,released the annual report on the oil and gas industry in Beijing for the 17th consecutive year,titled the“2024 Do...On January 212025,the CNPC Economics&Technology Research Institute,a national high-end think tank,released the annual report on the oil and gas industry in Beijing for the 17th consecutive year,titled the“2024 Domestic and International Oil and Gas Industry Development Report”(referred to as the“Industry Report”).展开更多
On February 3, 2026, the CNPC Economics & Technology Research Institute, a national high-end think tank, released the 2025 Domestic and International Oil and Gas Industry Development Report and the Global Energy S...On February 3, 2026, the CNPC Economics & Technology Research Institute, a national high-end think tank, released the 2025 Domestic and International Oil and Gas Industry Development Report and the Global Energy Security Report(2025) in Beijing.At the outset of the “15th Five-Year Plan” period, the press conference presented the core viewpoints of the report from multiple dimensions, including the development trends of the energy and oil and gas industry, global energy security governance, domestic and international oil and gas markets, and the development dynamics of domestic and foreign oil companies.展开更多
On February 28,2026,the United States and Israel launched a joint war of aggression against Iran.Currently,the development on the battlefield has far exceeded the control of both nations.The US and Israel have failed ...On February 28,2026,the United States and Israel launched a joint war of aggression against Iran.Currently,the development on the battlefield has far exceeded the control of both nations.The US and Israel have failed in their goal for a regime change in Iran.Consequently,Trump's“Donroe Doctrine”has suffered its first major setback,and the US's strategy of Hegemony on the Cheap has become unsustainable.The military confrontation between the US–Israeli alliance and Iran has impacted the geopolitical landscape in the Middle East.The US–Israeli military alliance has seen unprecedented strengthening,and Gulf countries have drifted back toward confrontation with Iran,while simultaneously recognizing the immense risks of over-reliance on US security guarantees.The war has rapidly spilled over,triggering a global chain reaction.Security issues regarding strategic corridors have become further pronounced,and global energy and supply chain security face significant challenges.This conflict has delivered a severe shock to the global geopolitical order,exposed the inherent fragility and erratic nature of American hegemony,and thereby shattered the myth of US military invincibility.Furthermore,the war has intensified domestic inflation and fiscal problems within the United States,eroding its economic dominance.Last but not least,the war has deepened fractures within the US alliance system,weakened mutual trust between the United States and Europe,and catalyzed new changes in major country relations.The willful violation of the international law and the fundamental norms of international relations by the United States have exacerbated the fragmentation of the international landscape.展开更多
To thoroughly understand the dynamic mechanism of hydrocarbon expulsion from deep source rocks,in this study,five types of hydrocarbon expulsion dynamics(thermal expansion,hydrocarbon diffusion,compaction,product volu...To thoroughly understand the dynamic mechanism of hydrocarbon expulsion from deep source rocks,in this study,five types of hydrocarbon expulsion dynamics(thermal expansion,hydrocarbon diffusion,compaction,product volume expansion,and capillary pressure difference(CPD))are studied.A model is proposed herein to evaluate the relative contribution of different dynamics for hydrocarbon expulsion using the principle of mass balance,and the model has been applied to the Cambrian source rocks in the Tarim Basin.The evaluation results show that during hydrocarbon expulsion from the source rocks,the relative contribution of CPD is the largest(>50%),followed by compaction(10%-40%),product volume expansion(5%-30%),and thermal expansion(2%-20%).The relative contribution of diffusion to hydrocarbon expulsion is minimal(<10%).These results demonstrate that CPD plays an important role in the hydrocarbon expulsion process of deep source rocks.The hydrocarbon expulsion process of source rocks can be categorized into three stages based on the contribution of different dynamics to the process:the first stage is dominated by compaction and diffusion to expel hydrocarbons,the second stage is dominated by product volume expansion and CPD,and the third stage is dominated by product volume expansion and CPD.This research offers new insights into hydrocarbon exploration in tight oil and gas reservoirs.展开更多
The report on the 20th National Congress of the Communist Party of China proposes promoting green development,advancing harmonious coexistence between humans and nature,and ensuring energy security.At COP282023,existi...The report on the 20th National Congress of the Communist Party of China proposes promoting green development,advancing harmonious coexistence between humans and nature,and ensuring energy security.At COP282023,existing climate targets were reinforced,and a fresh accord was reached for scientifically achieving net-zero carbon emission.The global energy market is being transformed,with oil and gas regaining prominence in energy security.Firms are concentrating on core competencies amidst transitions,though upstream investments show a gradual rebound.The global carbon dioxide capture and storage(CCS)projects has witnessed a significant rise,with Direct Air Capture(DAC)technology gaining attention.Carbon dioxide Capture,Utilization,and Storage(CCUS)is essential as a foundational technology for achieving dual carbon goals.In light of global future development goals and China’s national conditions,this article discusses the evolving trends in the international oil and gas sector alongside China’s domestic energy security landscape.It proposes prospective trajectories for the growth of China’s oil and gas sector and measures to guide and respond to challenges during the energy transition process,providing references for decision-making in the transformation of oil and gas companies.China has a high level of energy self-sufficiency,with the overall energy security situation remaining controllable.China’s oil and gas sector is seeing three-pronged progress:deepening exploration to 10,000s of meters,nano-level reservoir description,and reviving mature fields for a new era.Focusing on deep layer,deepwater,unconventional and mature oilfields,strengthening Belt and Road energy partnerships,enlarging reserves,optimizing pipeline network layout,implementing a smart risk-management ecosystem,and driving the CCUS technology revolution.展开更多
Energy cooperation is an important part of building the Belt and Road,and Central Asia is the core area of oil and gas cooperation on the Belt and Road route.As one of the first enterprises to“go global”,CNPC has ma...Energy cooperation is an important part of building the Belt and Road,and Central Asia is the core area of oil and gas cooperation on the Belt and Road route.As one of the first enterprises to“go global”,CNPC has made positive progress in oil and gas cooperation with Belt and Road countries.Exploring oil and gas cooperation in Central Asia in the new situation is of great practical significance for jointly building the Belt and Road,promoting regional cooperation and ensuring China's energy safety.展开更多
In 2020,in response to the COVID-19 pandemic and low oil prices,the governments of resource countries successively introduced fiscal,tax and financial supporting policies to ease the operational difficulties faced by ...In 2020,in response to the COVID-19 pandemic and low oil prices,the governments of resource countries successively introduced fiscal,tax and financial supporting policies to ease the operational difficulties faced by the oil industry.In addition,they accelerated the clean energy transition by increasing the LNG production capacity,expediting the construction of renewable energy projects and vigorously developing hydrogen energy.Many consumer countries accelerated the transition of the energy structure to clean energy,set carbon neutrality goals and intensively released supporting policies for accelerating the green and low-carbon transition of the energy structure.They also built a strong power supply system to adapt to the new development of the green economy,promoted the international interconnection of power grids and the coordinated development and utilization of energy resources,and built a more flexible and inclusive electricity market.Moreover,they continued to accelerate the low-carbon and energy-saving transition of the transportation sector,reduced emissions and pollution by switching marine and aviation fuels,and further promoted the high-quality development of electric vehicles.展开更多
In July,2021,the European Union(EU)proposed the Carbon Border Adjustment Mechanism(CBAM),which is commonly known as carbon tariffs,clarifying that the CBAM will enter the transitional period in 2023,and will be put in...In July,2021,the European Union(EU)proposed the Carbon Border Adjustment Mechanism(CBAM),which is commonly known as carbon tariffs,clarifying that the CBAM will enter the transitional period in 2023,and will be put into effect in 2026.In the short term,the CBAM has a limited impact on China’s economy and trade,but in the long run,it will have a substantial impact on the country’s achievement of the carbon peaking and carbon neutrality goals(hereinafter the“3060”goal).In view of this,China should resolutely oppose carbon tariffs,and persist in its own carbon emission goals,adhering to the principle of“common but differentiated responsibilities”.展开更多
In 2021,the world was marked by changes unseen in a century under the impact of the COVID-19 pandemic.Profound adjustments to the global energy supply and demand patterns have led to an evolving pattern of global ener...In 2021,the world was marked by changes unseen in a century under the impact of the COVID-19 pandemic.Profound adjustments to the global energy supply and demand patterns have led to an evolving pattern of global energy governance.Countries around the world have introduced relevant policies to promote the accelerated transition to a green and low-carbon energy structure.While promoting the energy transition,the world’s major oil and gas resource countries are still carrying out internal reforms to strengthen the competitiveness of the oil and gas industry,enhance market maintenance and cooperation,and maintain their traditional energy status.The Glasgow Climate Pact has provided the international community with a new direction for emission reduction and the future energy transition.Major oil and gas consumption countries have set climate targets to lead their green and low-carbon transitions.Green finance is also directing market resources to green and low-carbon sectors.In the future,more countries will introduce“dual carbon”development strategies.Meanwhile,the role of green finance will become more important,and the system of laws,regulations and standards,analysis of environmental risks and regulation of information disclosure will be further improved.With the rapid development of renewable energy,the geopolitical influence of traditional oil and gas resource countries will be greatly weakened,and the boundaries between resource and consumption countries will become increasingly blurred.A new“energy geopolitical map”is being reconstructed.展开更多
China's economy is gradually changing from highspeed development to high-quality development.Highquality development is closely related to improving quality and efficiency.The State-owned Assets Supervision and Ad...China's economy is gradually changing from highspeed development to high-quality development.Highquality development is closely related to improving quality and efficiency.The State-owned Assets Supervision and Administration Commission of the State Council(SASAC)has proposed carrying out targeted special actions to improve the quality and efficiency of state-owned enterprises in 2020,and this has been practically promoted throughout the country.展开更多
The spread of the COVID-19 will have a negative impact on international prices in a short time.This article compares the four oil price slumps in the past half century with the slump caused by the COVID-19,and conclud...The spread of the COVID-19 will have a negative impact on international prices in a short time.This article compares the four oil price slumps in the past half century with the slump caused by the COVID-19,and concludes that the current drop in oil prices is not very serious.It is expected that international oil prices will recover rapidly with the end of the outbreak.The average international oil price in 2020 will be slightly lower than that in 2019.If Japan,South Korea,Iran and Italy can take effective measures to curb the outbreak as soon as possible,international oil prices will remain within the analysis range in the fall of quantity and price on the demand side.The annual average Brent price should be slightly reduced based on an analysis of Chinese factors.However,if it continues to spread around the world and becomes out of control in the Islamic oil and gas producing countries,it is likely that the oil price will increase due to insufficient supply.展开更多
2019 is the year of the reform and opening up of the whole oil and gas industrial chain.The oil and gas industry will conscientiously implement the new“four revolutions and one cooperation”energy security strategy o...2019 is the year of the reform and opening up of the whole oil and gas industrial chain.The oil and gas industry will conscientiously implement the new“four revolutions and one cooperation”energy security strategy of the CPC Central Committee.Centring on the main links of the Opinions on Deepening the Reform of the Oil and Gas System,the oil and gas industry has made great progress in deepening reform,opening up further to the outside world,optimising business environment and seeking progress while maintaining stability.In 2019,the oil and gas industry was fully open to private and foreign-funded enterprises,and the opening of the whole industrial chain entered a new era.The oil and gas exploration and exploitation market was fully liberalised,the National Oil and Gas Pipeline Network Group Co.,Ltd.(hereinafter referred to as the National Pipeline Network Company)was established,and the reform was unprecedented.Continuous progress was made in reducing taxes and fees,and streamlining administration and delegating power.The relationships between enterprises and the government,production and environmental protection became more coordinated,and the business environment of the oil and gas industry was greatly optimised.In 2020,China will continue to introduce relevant supporting policies on the reform of the oil and gas system,and enter the stage of comprehensive reform policy implementation.The pattern of“deepening reform,expanding opening up and diversifying competition”in the oil and gas industry will gradually take shape.展开更多
2022 has seen continuous release of energy policies.Influenced by changes in domestic and international situations such as the COVID-19 pandemic,the Ukraine crisis,the European energy crisis,the China-US game,and clim...2022 has seen continuous release of energy policies.Influenced by changes in domestic and international situations such as the COVID-19 pandemic,the Ukraine crisis,the European energy crisis,the China-US game,and climate change,Chinese central government has attached great importance to energy security.The 20th National Congress of the Communist Party of China and the Central Economic Work Conference made important instructions on the development of China’s energy,which reflect the systematicness and synergy of China’s energy security concept.A series of“14th Five-Year Plan”and medium to long-term special energy development plans have been successively issued.The“Dual-Carbon”1+N policy system has been basically established.The energy field is of paramount importance to achieving carbon peak and carbon neutrality;thus,reform and protection policies have been intensively released,and the construction of a national unified energy market has made great progress,making overall energy security and green development become the main policy themes.For oil and gas companies,opportunities outweigh challenges.They should follow the national policies,make good use of resource and technological advantages,continue to consolidate the main business of oil and gas production,develop emerging businesses and accelerate green,low-carbon transformation.展开更多
Introduction Energy transition on a global scale is unstoppable at present,and the energy industry has entered a new stage of development;diverse,low-carbon,clean,high efficiency,and safety have become inevitable deve...Introduction Energy transition on a global scale is unstoppable at present,and the energy industry has entered a new stage of development;diverse,low-carbon,clean,high efficiency,and safety have become inevitable development trends.展开更多
The 41st CERAWeek was held in Houston from March 6th to 10th,2023.The theme of this CERAWeek was“Navigating a Turbulent World:Energy,Climate and Security”.This was the first grand conference held offline in three ye...The 41st CERAWeek was held in Houston from March 6th to 10th,2023.The theme of this CERAWeek was“Navigating a Turbulent World:Energy,Climate and Security”.This was the first grand conference held offline in three years.展开更多
In 2021,through taking solid measures for quality and efficiency improvement,Chinese oil companies achieved a steady increase in overseas equity oil and gas output,made great achievements in overseas exploration,and a...In 2021,through taking solid measures for quality and efficiency improvement,Chinese oil companies achieved a steady increase in overseas equity oil and gas output,made great achievements in overseas exploration,and accomplished substantial progress in asset optimization.With the activity resumed in global oil and gas M&A market,large oil companies began to mull over energy transition,and started a new round of asset optimization.Large independent oil companies have gradually become important oil producers.展开更多
The global natural gas market has developed rapidly over the past five years and it still has some evident regional characteristics.North America,Europe and Asia Pacific have formed three major markets with different ...The global natural gas market has developed rapidly over the past five years and it still has some evident regional characteristics.North America,Europe and Asia Pacific have formed three major markets with different regional characteristics according to their own resource endowments.In the future,the global natural gas market as well as the process of globalization will both continue to develop further as countries move towards their carbon neutrality goals.Meanwhile,natural gas and renewable energy will complement each other to achieve integrative development.This paper mainly reviews the development of the international natural gas market over the past five years and makes predictions for the next fivey ears.展开更多
With the acceleration of energy reform and transition,the production and operation environment of traditional energy companies is undergoing profound changes,and the companies are facing increased competition from ins...With the acceleration of energy reform and transition,the production and operation environment of traditional energy companies is undergoing profound changes,and the companies are facing increased competition from inside and outside of the industry.Major international oil companies have responded to the challenges of the energy transition actively,and taken green and low-carbon development as the main direction of transition.They released relevant reports on energy transition,and clarified green and low-carbon development goals,development paths and safeguard measures;They strengthened emission reduction and decarburization of traditional businesses by changing the operation mode,enhancing the promotion and application of carbon removal technology,and seeking support from government;They made the strategic layout of emerging businesses such as power and advance mobility to create a low-carbon business model,used a variety of investment methods to selectively explore and develop new areas with synergistic effects.The transition and development practices of major international oil companies also offer four inspirations to China’s oil and gas enterprises.It is suggested that China’s oil companies learn from major international oil companies.First,China’s oil companies should actively respond to energy transition and formulate green and low-carbon development strategies;Second,they should lay out emerging fields and use low-carbon technologies for emission reduction and decarburization;Third,they should work to leverage acquisitions and investments to foster new growth drivers for transition and development.展开更多
In 2019,Chinese enterprises made solid progress in overseas oil and gas cooperation,paying more attention to quality and efficiency.The three major oil companies accelerated their asset optimisation,while private ente...In 2019,Chinese enterprises made solid progress in overseas oil and gas cooperation,paying more attention to quality and efficiency.The three major oil companies accelerated their asset optimisation,while private enterprises expanded rationally;both achieved more robust development.展开更多
Since 2022, the game among the world’s major powers has intensified, and the overseas oil and gas investment environment has become complicated. Relations among countries in the Middle East have gradually eased, with...Since 2022, the game among the world’s major powers has intensified, and the overseas oil and gas investment environment has become complicated. Relations among countries in the Middle East have gradually eased, with a stable overall situation and a grim local situation, and the importance of resource countries has been highlighted, with expanding foreign energy cooperation, and diversified economic development。展开更多
摘要On January 212025,the CNPC Economics&Technology Research Institute,a national high-end think tank,released the annual report on the oil and gas industry in Beijing for the 17th consecutive year,titled the“2024 Domestic and International Oil and Gas Industry Development Report”(referred to as the“Industry Report”).
摘要On February 3, 2026, the CNPC Economics & Technology Research Institute, a national high-end think tank, released the 2025 Domestic and International Oil and Gas Industry Development Report and the Global Energy Security Report(2025) in Beijing.At the outset of the “15th Five-Year Plan” period, the press conference presented the core viewpoints of the report from multiple dimensions, including the development trends of the energy and oil and gas industry, global energy security governance, domestic and international oil and gas markets, and the development dynamics of domestic and foreign oil companies.
摘要On February 28,2026,the United States and Israel launched a joint war of aggression against Iran.Currently,the development on the battlefield has far exceeded the control of both nations.The US and Israel have failed in their goal for a regime change in Iran.Consequently,Trump's“Donroe Doctrine”has suffered its first major setback,and the US's strategy of Hegemony on the Cheap has become unsustainable.The military confrontation between the US–Israeli alliance and Iran has impacted the geopolitical landscape in the Middle East.The US–Israeli military alliance has seen unprecedented strengthening,and Gulf countries have drifted back toward confrontation with Iran,while simultaneously recognizing the immense risks of over-reliance on US security guarantees.The war has rapidly spilled over,triggering a global chain reaction.Security issues regarding strategic corridors have become further pronounced,and global energy and supply chain security face significant challenges.This conflict has delivered a severe shock to the global geopolitical order,exposed the inherent fragility and erratic nature of American hegemony,and thereby shattered the myth of US military invincibility.Furthermore,the war has intensified domestic inflation and fiscal problems within the United States,eroding its economic dominance.Last but not least,the war has deepened fractures within the US alliance system,weakened mutual trust between the United States and Europe,and catalyzed new changes in major country relations.The willful violation of the international law and the fundamental norms of international relations by the United States have exacerbated the fragmentation of the international landscape.
基金This study is financially supported by the Joint Fund of the National Natural Science Foundation of China under grant number U19B6003-02-04the Science Foundation of China University of Petroleum,Beijing,under grant number 2462020BJRC005 and 2462022YXZZ007+1 种基金the National Natural Science Foundation of China under grant number 42102145the China National Petroleum Corporation's"14th Five-Year Plan"major scientific projecs under grant number 2021DJ0101.
摘要To thoroughly understand the dynamic mechanism of hydrocarbon expulsion from deep source rocks,in this study,five types of hydrocarbon expulsion dynamics(thermal expansion,hydrocarbon diffusion,compaction,product volume expansion,and capillary pressure difference(CPD))are studied.A model is proposed herein to evaluate the relative contribution of different dynamics for hydrocarbon expulsion using the principle of mass balance,and the model has been applied to the Cambrian source rocks in the Tarim Basin.The evaluation results show that during hydrocarbon expulsion from the source rocks,the relative contribution of CPD is the largest(>50%),followed by compaction(10%-40%),product volume expansion(5%-30%),and thermal expansion(2%-20%).The relative contribution of diffusion to hydrocarbon expulsion is minimal(<10%).These results demonstrate that CPD plays an important role in the hydrocarbon expulsion process of deep source rocks.The hydrocarbon expulsion process of source rocks can be categorized into three stages based on the contribution of different dynamics to the process:the first stage is dominated by compaction and diffusion to expel hydrocarbons,the second stage is dominated by product volume expansion and CPD,and the third stage is dominated by product volume expansion and CPD.This research offers new insights into hydrocarbon exploration in tight oil and gas reservoirs.
摘要The report on the 20th National Congress of the Communist Party of China proposes promoting green development,advancing harmonious coexistence between humans and nature,and ensuring energy security.At COP282023,existing climate targets were reinforced,and a fresh accord was reached for scientifically achieving net-zero carbon emission.The global energy market is being transformed,with oil and gas regaining prominence in energy security.Firms are concentrating on core competencies amidst transitions,though upstream investments show a gradual rebound.The global carbon dioxide capture and storage(CCS)projects has witnessed a significant rise,with Direct Air Capture(DAC)technology gaining attention.Carbon dioxide Capture,Utilization,and Storage(CCUS)is essential as a foundational technology for achieving dual carbon goals.In light of global future development goals and China’s national conditions,this article discusses the evolving trends in the international oil and gas sector alongside China’s domestic energy security landscape.It proposes prospective trajectories for the growth of China’s oil and gas sector and measures to guide and respond to challenges during the energy transition process,providing references for decision-making in the transformation of oil and gas companies.China has a high level of energy self-sufficiency,with the overall energy security situation remaining controllable.China’s oil and gas sector is seeing three-pronged progress:deepening exploration to 10,000s of meters,nano-level reservoir description,and reviving mature fields for a new era.Focusing on deep layer,deepwater,unconventional and mature oilfields,strengthening Belt and Road energy partnerships,enlarging reserves,optimizing pipeline network layout,implementing a smart risk-management ecosystem,and driving the CCUS technology revolution.
摘要Energy cooperation is an important part of building the Belt and Road,and Central Asia is the core area of oil and gas cooperation on the Belt and Road route.As one of the first enterprises to“go global”,CNPC has made positive progress in oil and gas cooperation with Belt and Road countries.Exploring oil and gas cooperation in Central Asia in the new situation is of great practical significance for jointly building the Belt and Road,promoting regional cooperation and ensuring China's energy safety.
摘要In 2020,in response to the COVID-19 pandemic and low oil prices,the governments of resource countries successively introduced fiscal,tax and financial supporting policies to ease the operational difficulties faced by the oil industry.In addition,they accelerated the clean energy transition by increasing the LNG production capacity,expediting the construction of renewable energy projects and vigorously developing hydrogen energy.Many consumer countries accelerated the transition of the energy structure to clean energy,set carbon neutrality goals and intensively released supporting policies for accelerating the green and low-carbon transition of the energy structure.They also built a strong power supply system to adapt to the new development of the green economy,promoted the international interconnection of power grids and the coordinated development and utilization of energy resources,and built a more flexible and inclusive electricity market.Moreover,they continued to accelerate the low-carbon and energy-saving transition of the transportation sector,reduced emissions and pollution by switching marine and aviation fuels,and further promoted the high-quality development of electric vehicles.
摘要In July,2021,the European Union(EU)proposed the Carbon Border Adjustment Mechanism(CBAM),which is commonly known as carbon tariffs,clarifying that the CBAM will enter the transitional period in 2023,and will be put into effect in 2026.In the short term,the CBAM has a limited impact on China’s economy and trade,but in the long run,it will have a substantial impact on the country’s achievement of the carbon peaking and carbon neutrality goals(hereinafter the“3060”goal).In view of this,China should resolutely oppose carbon tariffs,and persist in its own carbon emission goals,adhering to the principle of“common but differentiated responsibilities”.
摘要In 2021,the world was marked by changes unseen in a century under the impact of the COVID-19 pandemic.Profound adjustments to the global energy supply and demand patterns have led to an evolving pattern of global energy governance.Countries around the world have introduced relevant policies to promote the accelerated transition to a green and low-carbon energy structure.While promoting the energy transition,the world’s major oil and gas resource countries are still carrying out internal reforms to strengthen the competitiveness of the oil and gas industry,enhance market maintenance and cooperation,and maintain their traditional energy status.The Glasgow Climate Pact has provided the international community with a new direction for emission reduction and the future energy transition.Major oil and gas consumption countries have set climate targets to lead their green and low-carbon transitions.Green finance is also directing market resources to green and low-carbon sectors.In the future,more countries will introduce“dual carbon”development strategies.Meanwhile,the role of green finance will become more important,and the system of laws,regulations and standards,analysis of environmental risks and regulation of information disclosure will be further improved.With the rapid development of renewable energy,the geopolitical influence of traditional oil and gas resource countries will be greatly weakened,and the boundaries between resource and consumption countries will become increasingly blurred.A new“energy geopolitical map”is being reconstructed.
摘要China's economy is gradually changing from highspeed development to high-quality development.Highquality development is closely related to improving quality and efficiency.The State-owned Assets Supervision and Administration Commission of the State Council(SASAC)has proposed carrying out targeted special actions to improve the quality and efficiency of state-owned enterprises in 2020,and this has been practically promoted throughout the country.
摘要The spread of the COVID-19 will have a negative impact on international prices in a short time.This article compares the four oil price slumps in the past half century with the slump caused by the COVID-19,and concludes that the current drop in oil prices is not very serious.It is expected that international oil prices will recover rapidly with the end of the outbreak.The average international oil price in 2020 will be slightly lower than that in 2019.If Japan,South Korea,Iran and Italy can take effective measures to curb the outbreak as soon as possible,international oil prices will remain within the analysis range in the fall of quantity and price on the demand side.The annual average Brent price should be slightly reduced based on an analysis of Chinese factors.However,if it continues to spread around the world and becomes out of control in the Islamic oil and gas producing countries,it is likely that the oil price will increase due to insufficient supply.
摘要2019 is the year of the reform and opening up of the whole oil and gas industrial chain.The oil and gas industry will conscientiously implement the new“four revolutions and one cooperation”energy security strategy of the CPC Central Committee.Centring on the main links of the Opinions on Deepening the Reform of the Oil and Gas System,the oil and gas industry has made great progress in deepening reform,opening up further to the outside world,optimising business environment and seeking progress while maintaining stability.In 2019,the oil and gas industry was fully open to private and foreign-funded enterprises,and the opening of the whole industrial chain entered a new era.The oil and gas exploration and exploitation market was fully liberalised,the National Oil and Gas Pipeline Network Group Co.,Ltd.(hereinafter referred to as the National Pipeline Network Company)was established,and the reform was unprecedented.Continuous progress was made in reducing taxes and fees,and streamlining administration and delegating power.The relationships between enterprises and the government,production and environmental protection became more coordinated,and the business environment of the oil and gas industry was greatly optimised.In 2020,China will continue to introduce relevant supporting policies on the reform of the oil and gas system,and enter the stage of comprehensive reform policy implementation.The pattern of“deepening reform,expanding opening up and diversifying competition”in the oil and gas industry will gradually take shape.
摘要2022 has seen continuous release of energy policies.Influenced by changes in domestic and international situations such as the COVID-19 pandemic,the Ukraine crisis,the European energy crisis,the China-US game,and climate change,Chinese central government has attached great importance to energy security.The 20th National Congress of the Communist Party of China and the Central Economic Work Conference made important instructions on the development of China’s energy,which reflect the systematicness and synergy of China’s energy security concept.A series of“14th Five-Year Plan”and medium to long-term special energy development plans have been successively issued.The“Dual-Carbon”1+N policy system has been basically established.The energy field is of paramount importance to achieving carbon peak and carbon neutrality;thus,reform and protection policies have been intensively released,and the construction of a national unified energy market has made great progress,making overall energy security and green development become the main policy themes.For oil and gas companies,opportunities outweigh challenges.They should follow the national policies,make good use of resource and technological advantages,continue to consolidate the main business of oil and gas production,develop emerging businesses and accelerate green,low-carbon transformation.
摘要Introduction Energy transition on a global scale is unstoppable at present,and the energy industry has entered a new stage of development;diverse,low-carbon,clean,high efficiency,and safety have become inevitable development trends.
摘要The 41st CERAWeek was held in Houston from March 6th to 10th,2023.The theme of this CERAWeek was“Navigating a Turbulent World:Energy,Climate and Security”.This was the first grand conference held offline in three years.
摘要In 2021,through taking solid measures for quality and efficiency improvement,Chinese oil companies achieved a steady increase in overseas equity oil and gas output,made great achievements in overseas exploration,and accomplished substantial progress in asset optimization.With the activity resumed in global oil and gas M&A market,large oil companies began to mull over energy transition,and started a new round of asset optimization.Large independent oil companies have gradually become important oil producers.
摘要The global natural gas market has developed rapidly over the past five years and it still has some evident regional characteristics.North America,Europe and Asia Pacific have formed three major markets with different regional characteristics according to their own resource endowments.In the future,the global natural gas market as well as the process of globalization will both continue to develop further as countries move towards their carbon neutrality goals.Meanwhile,natural gas and renewable energy will complement each other to achieve integrative development.This paper mainly reviews the development of the international natural gas market over the past five years and makes predictions for the next fivey ears.
摘要With the acceleration of energy reform and transition,the production and operation environment of traditional energy companies is undergoing profound changes,and the companies are facing increased competition from inside and outside of the industry.Major international oil companies have responded to the challenges of the energy transition actively,and taken green and low-carbon development as the main direction of transition.They released relevant reports on energy transition,and clarified green and low-carbon development goals,development paths and safeguard measures;They strengthened emission reduction and decarburization of traditional businesses by changing the operation mode,enhancing the promotion and application of carbon removal technology,and seeking support from government;They made the strategic layout of emerging businesses such as power and advance mobility to create a low-carbon business model,used a variety of investment methods to selectively explore and develop new areas with synergistic effects.The transition and development practices of major international oil companies also offer four inspirations to China’s oil and gas enterprises.It is suggested that China’s oil companies learn from major international oil companies.First,China’s oil companies should actively respond to energy transition and formulate green and low-carbon development strategies;Second,they should lay out emerging fields and use low-carbon technologies for emission reduction and decarburization;Third,they should work to leverage acquisitions and investments to foster new growth drivers for transition and development.
摘要In 2019,Chinese enterprises made solid progress in overseas oil and gas cooperation,paying more attention to quality and efficiency.The three major oil companies accelerated their asset optimisation,while private enterprises expanded rationally;both achieved more robust development.
摘要Since 2022, the game among the world’s major powers has intensified, and the overseas oil and gas investment environment has become complicated. Relations among countries in the Middle East have gradually eased, with a stable overall situation and a grim local situation, and the importance of resource countries has been highlighted, with expanding foreign energy cooperation, and diversified economic development。