Mar. 26, 2012News & Opinions
China Petroleum and Chemical Corp (Sinopec) is looking to diversify its crude oil imports, the company's chairman said, following a sharp drop in its first-quarter purchases from Iran.
Mar. 15, 2012News & Opinions
Chevron plans to increase output by a fifth in five years, driven by big Australian projects moving gas to energy-hungry Asian markets, while it also tries to squeeze another $150 million in cost savings out of its refining arm.
Feb. 06, 2012News & Opinions
Sinopec Group, parent of top Asian refiner Sinopec, will complete restructuring of its engineering business by about mid-year before listing the new vehicle via a public stock offering, industry sources said on Monday.
Jan. 24, 2012News & Opinions
Sinopec Group has signed a 20-year binding agreement with Australia Pacific LNG (APLNG) to increase annual liquefied natural gas purchases from 4.3 million tons to 7.6 million tons, starting in 2016.
Fast-growing, resource-hungry China continues to invest in oil and gas assets from Canada to Latin America to Australia in 2011, and also sees a few acquisitions in the nuclear sector. Below are details on China's M&A activity, energy ...
Jan. 20, 2012News & Opinions
China Petroleum and Chemical Corp's (Sinopec Corp) plan to build a 3 million ton-per-year import terminal of liquefied natural gas (LNG) in south China is expected to win final state approval soon, a source with direct knowledge of the ...
Top Chinese offshore producer CNOOC said on Wednesday it plans to produce 2.4% more oil and gas in 2012 as more projects commence operation, and to further boost spending on exploration and production.
Jan. 10, 2012News & Opinions
A joint venture between Royal Dutch Shell's China units and Tianjin State Farms Agribusiness Group will build a 200,000 cubic meter oil products storage facility in the northern city of Tianjin, a local development agency said.
Jan. 09, 2012News & Opinions
Crude oil throughput and oil product output by China Petrochemical Corp (Sinopec Group) increased 2.7% from a year earlier in 2011, Asia's largest refiner said.
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