China’s CIC, CNPC eyeing Aramco IPO: sources

March 17, 2017 0

China’s sovereign wealth fund, CIC, and the state-oil firm CNPC are reportedly in talks with Saudi Arabia over a stake in the planned flotation by Saudi Aramco, expected to be the largest in the industry.

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Petrobras’ oil, gas output slightly down in February

March 16, 2017 0

Brazilian state-controlled oil and gas company Petrobras saw its output decline slightly in February, on a monthly basis, amid scheduled stoppages at platforms. Total oil and gas output reached 2.82 million barrels of oil equivalent per day (MMMBOE/d) last month, compared to 2.86 MMBOE/d in January.

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China plans 150-million-tonne coal cut, but stable prices

March 10, 2017 0

China plans to eliminate more than 150 million tonnes/year of coal capacity in 2017. New price monitoring systems, lax coal production restrictions and long-term supply contracts between coal miners and buyers show, however, that the government is trying hard to avoid the dramatic coal price fluctuation seen in 2016.

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China’s Sangang to invest in electricity retail

March 7, 2017 0

Eastern Chinese steelmaker Fujian Sangang Group plans to invest in its electricity sales business, according to an announcement by its listed arm Sangang Minguang, Kallanish Energy's sister publication Kallanish Steel notes.

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