Strategy of Chinese energy companies in the world market of oilfield services and logistics services: Regional aspects

Abstract

The aggravation of the problem of climate change, as well as the growth of carbon dioxide emissions, determines the increased interest of the scientific community in the development of effective methods to minimize the growing threats. The focus of scientists is China with its accelerated economic development, contributing to the growth of carbon dioxide emissions and other environmental problems. Global and regional trends are reflected in the strategies of China's largest energy companies, which confirm the relevance of the topic under study. The purpose of the article is to study the current performance of China's energy sector, their trends, and future forecasts, taking into account the strategies of the key players in the country's oilfield services market. The study used the following scientific methods: economic and statistical analysis, predictive methods, system-structural method, analysis, comparison method, observation, and description. As a result of the study, the key trends in the energy industry in China today were analyzed, and forecast values selected indicators by announced pledges scenario and stated policies scenario. The structure of supply and consumption by China of both energies from traditional sources and generated from renewable sources is studied. The regional structure of energy exports and imports by China is considered, and the country's main strategic partners are identified. The analysis of operating models and strategic directions of activity of the largest oilfield services companies in China—PetroChina and Sinopec—was carried out. Attention is paid to the problems of interaction between logistics and oilfield services companies, and ways to minimize such problems are proposed. The results of the study can be used by government representatives when planning further actions regarding the development of the energy industry.