Post Tagged with: "cnpc"

Venezuela Begins Expansion of Crude Joint Venture with China

Venezuela Begins Expansion of Crude Joint Venture with China

From Reuters


A Venezuelan oil joint venture with a state-owned Chinese company has started an expansion project to boost output to 165,000 barrels per day (bpd), President Nicolas Maduro said on Thursday, from a current capacity of 110,000 bpd.

Sinovensa, …

Cheniere's Corpus Christie Plant

More U.S. Gas Earmarked for China: Cheniere, CNPC Go Long-Term

Cheniere Energy, Inc. (ticker: LNG) has entered into two LNG sale and purchase agreements (SPA) with China National Petroleum Corporation (CNPC).

Under the SPAs with Cheniere’s subsidiaries, Corpus Christi Liquefaction, LLC and Cheniere Marketing International LLP, CNPC subsidiary PetroChina International …

February 9, 2018 - 2:51 pm China, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
CNPC Profits Drop 52% in 2015

CNPC Profits Drop 52% in 2015

CNPC reports profit of $12.7 billion for full-year 2015

China’s largest oil and gas producer, China National Petroleum Corp. (CNPC), reported its full-year 2015 profit, showing a 52% decline year-over-year. The company reported $12.7 billion in total profit for the …

Source: Rosneft

China May Buy 19.5% Stake in Rosneft

Sale of major Rosneft stake to CNPC signals strengthening ties between China and Russia

China National Petroleum Corp. Deputy Chief Executive Wang Zhongcai said the company is interested in purchasing a stake in Rosneft, Russia’s state-owned oil company. The sale …

China’s CNPC Plans to Spin Off its Oilfield Service Sector with IPO

China’s CNPC Plans to Spin Off its Oilfield Service Sector with IPO

No details available yet on timing or size of IPO

China National Petroleum Corp., the country’s largest oil and gas producer, is looking to spin off its oilfield service sector as part of the ongoing process to overhaul the world’s …

Beijing Turns Down the Heat As Natural Gas Demand Outpaces Supply

Beijing Turns Down the Heat As Natural Gas Demand Outpaces Supply

Delays in natural gas supplies force offices and public buildings to turn down the thermostat

Offices, malls, supermarkets and other buildings in Beijing have been told to lower their heat to no higher than 14 degrees Celsius (57 degrees Fahrenheit) …

December 28, 2015 - 4:49 pm Closing Bell Story‎, Oil and Gas 360 Articles
BP Signs $18.5 Billion of Oil and Gas Contracts with China

BP Signs $18.5 Billion of Oil and Gas Contracts with China

BP strengthens ties with CNPC for shale exploration and fuel retailing

British oil giant BP (ticker: BP) announced today that the company signed a number of deals with China National Petroleum Corporation (CNPC) during Chinese President Xi Jinping’s state visit …

China Set to Form State Oil and Gas Midstream Company

China Set to Form State Oil and Gas Midstream Company

China looks to break oil and gas monopoly with new structure, further reforms

The Chinese government is moving forward with plans to shake things up at its oil and gas monopolies.

Reports say China will take the oil and gas …

(FILES) This file photo dated 08 September, 2004 shows a PetroChina gas station attendant in Beijing returning the nozzle at the pumps.  Fidelity Investments, the world's largest mutual fund firm, has sold the bulk of its American Depositary Receipts (ADR) in PetroChina amid pressure from United States activists upset over its parent's interests in Sudan, reports said 17 May 2007.  AFP PHOTO / FILES / Frederic J. BROWN

PetroChina Wins Dismissal of U.S. Lawsuit

Investors sue PetroChina for violating U.S. securities laws

U.S. District Judge Edgardo Ramos in Manhattan dismissed claims against Chinese oil giant PetroChina (ticker: PTR) regarding declines in the company’s share price after company officials were included in an anti-graft probe …

August 5, 2015 - 4:11 pm International, Oil and Gas 360 Articles

Petrobras Announces Production Sharing Contract with Four Companies, Prepares to Develop Libra Basin

Petróleo Brasileiro S.A., or Petrobras (ticker: PBR), is the state-run oil company of Brazil and has operations in 24 countries across five continents. It is the largest producer in South America and participates in E&P, refining, trade, transportation, petrochemicals, oil …

October 23, 2013 - 3:00 pm Oil and Gas 360 Articles, OPEC, Regulatory