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PetroChina to extend cooperation with Schlumberger

Mar. 4, 2010 (China Knowledge) - PetroChina, the nation's top oil producer, on Monday signed a cooperation agreement with Schlumberger, a world leading oil field services provider, sources reported. Pursuant to the agreement, the two companies will extend their cooperation on ...

Sinopec launches Sichuan-Shanghai gas pipeline

LOS ANGELES, Mar. 30 -- China Petroleum & Chemical Corp. (Sinopec) said it has started transporting natural gas through the recently completed $9.4 billion Sichuan-Shanghai pipeline. According to Sinopec Chairman Su Shulin, the 1,655-km trunk line can transport 12 billion cu m ...

Shell, CNPC Team Up to Tap Natural Gas in Far East

China National Petroleum Corporation (CNPC) and Shell are planning to jointly develop and produce natural gas in China's Sichuan basin. The companies have submitted a production sharing contract to the Chinese central government for approval. Under the 30-year contract, Shell and ...

China North East Petroleum Reports 41% Increase in Production

China North East Petroleum announced preliminary fourth quarter and full year oil production results and fourth quarter 2009 drilling results for its oil drilling and service subsidiary, Tiancheng. The Company's crude oil production for the full year 2009 totaled 908,126 barrels, ...

Sinopec starts building new Maoming oil tanks-paper

BEIJING, March 12 - Sinopec Corp <0386.HK> <600028.SS> has started building a large oil stockpiling facility near its Maoming refinery in southern Guangdong province, a company newspaper reported on Friday. The commercial oil storage facility, consisting of 15 oil tanks with ...

China offshore oil to sign long-term LNG contracts

BEIJING -- China National Offshore Oil Corp. will sign at least three long-term liquified natural gas contracts this year, President Fu Chenyu said Sunday at a session of parliamentary meetings being held in Beijing. Fu, also chairman of Hong Kong-listed CNOOC Ltd., said China ...

PetroChina's hunger for deals

he two men that lead the world s second biggest listed company by market cap, PetroChina, come from very different backgrounds, but they re looking through the same lens at the energy giant s future. Aggressive overseas expansion is without doubt the order of the day, seen most ...

Sinopec's Shanghai Petrochem expects fuel hike soon

BEIJING, March 9 (Reuters) - Beijing should raise refined fuel rates by as much as 10 percent to compensate for gains in crude oil since prices were last hiked four months ago, Shanghai Petrochemical Corp's chief said on Tuesday. Rong Guangdao, president of Shanghai PetroChemical...

China to increase LNG imports, facilities

The head of China's National Energy Administration, reiterating earlier remarks, announced plans to construct more LNG terminals, pipelines, and storage facilities in southern Guangdong province as part of an effort to secure greater imports of LNG for the region. Zhang Guobao, ...

CNOOC and Sinochem win bid for Iraqi oilfield

According to a Wall Street Journal report, Iraqi officials said that a consortium led by China National Offshore Oil Corporation (CNOOC) is expected to win the bid for Missan oilfields in southern Iraq. The consortium had accepted the price offered by the government of Iraq. The ...

CNOOC, Total to Divvy Up Ugandan Oil Assets

China's Cnooc Ltd. and French oil major Total SA are each expected to acquire a third of Tullow Oil PLC's oil assets in Uganda, Tullow said in a statement Wednesday. Both companies have recently made presentations to the Ugandan authorities and Tullow said it expects these ...

CNPC begins construction of N'Djamena Oil Refinery in Chad

On March 10, the commencement ceremony of N'Djamena Refinery's installation work was held in Chad in central Africa. CNPC Vice President Wang Dongjin and the President of Societe des Hydrocarbures du Tchad (SHT?were present and cut the ribbon at the ceremony. In September, 2007, ...

CNPC plans to speed up new energy development

SHANGHAI, March 31 (Reuters) - China National Petroleum Corp (CNPC) plans to expand its new energy sector, aiming at building a total annual production capacity of 1.25 million tonnes of oil equivalent, the Shanghai Securities News reported on Wednesday. The company will focus on ...

Sinopec's Luoyang refinery to raise capacity by 25%

Mar. 15, 2010 (China Knowledge) - China Petroleum & Chemical Corp Co<600028><0386><SNP>, which is also known as Sinopec, plans to raise the capacity of its refinery in Luoyang, Henan Province by 25% to 200,800 barrels per day by August to meet the growing demand for fuel oil, ...

CNOOC Signs on for Queensland LNG

BG Group has signed a Liquefied Natural Gas (LNG) sales contract with the China National Offshore Oil Corporation, ("CNOOC"), concluding negotiations announced in May 2009* for the supply of 3.6 million tonnes per annum (mtpa) of LNG over a 20-year period. Under the terms of the ...

Sinopec Enters Deepwater Angola with $2.5B Oil Deal

China Petroleum & Chemical Corp., or Sinopec, said it agreed to acquire deep-water oil assets in Angola by buying a 55% stake in Sonangol Sinopec International Ltd. for US $2.46 billion. The acquisition from China Petrochemical Corp., Sinopec's parent, marks its first acquisition ...

China raises domestic fuel prices

BEIJING China on Wednesday raised retail petrol and diesel prices by 320 yuan (46.9 dollars) a tonne, marking the first hike in five months as the global economic recovery drives up crude oil prices. The average maximum retail price for petrol has jumped 4.1 percent to 8,220 yuan ...

Sinopec oilsands deals ups ante for Gateway pipeline

CALGARY - Chinese giant Sinopec s $4.65-billion entry into Syncrude brought the issue of access to Asian markets back into focus Tuesday as the proposed Gateway pipeline inches toward a formal application to regulators. Premier Ed Stelmach on Tuesday described the Sinopec deal as ...

CNOOC starts production from oil fields

HOUSTON, Mar. 29 -- CNOOC Ltd. has started oil production from WeiZhou 11-1 east field (WZ 11-1E) in western South China Sea and from BoZhong (BZ) 3-2 field in Bohai Bay. WZ 11-1E oil field lies in 40 m of water in the Beibu Gulf basin. The field s development and production ...

Beijing Essen Welding & Cutting Fair 2010 Expects New Record

May 27-30, 2010 Beijing, China Ranking in the top two trade shows of the global welding & cutting industry, Beijing Essen Welding & Cutting Fair (BEW) has long been a familiar name to the manufacturing industry in the world. May 2010 will witness its opening and success for the ...
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