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The Indonesian government is looking to partner with Chinese state-owned oil and gas company Sinopec to set up enhanced oil recovery (EOR) projects in several depleting oil fields in the [...]

Chinas national oil and gas companies PetroChina, Sinopec and CNOOC are expected to lower prices for their 2024-2025 pipeline gas sales contracts on the back of ample supply from both [...]

Bangladesh's government has decided to end a multi-year freeze on oil exploration activities in the Bay of Bengal in a bid to fully exploit domestic energy reserves that could run [...]

In a bid to secure and bolster access to future energy resources, East and Southeast Asian oil and gas players are investing heavily in sub-Saharan Africas extractives industry. For China, [...]

In a significant development, the Sri Lankan Cabinet has granted approval for China's Sinopec to establish a new petroleum refinery plant at the strategic Hambantota port. The upcoming plant, estimated [...]

Qatar's Minister of State for Energy Affairs on Sunday hailed the country's growing cooperation with China in the energy sector, the Qatar News Agency (QNA) reported. Minister Saad bin Sherida [...]

Chinas crude throughput is set to retreat in October from the record high in September due to maintenance, weakening domestic demand, coupled with narrowing oil product exports access and feedstock [...]

China Petroleum & Chemical Corp, also known as Sinopec, saw its third-quarter net income climb 37.7 percent year-on-year to 17.94 billion yuan ($2.5 billion), backed by higher oil-product sales and [...]

Combined crude throughput at Chinas refineries is likely to hit a new record high in September, as both state-owned oil giants and private refiners boosted utilization in anticipation of strong [...]

Peak oil demand is coming to China; this message has been conveyed repeatedly by forecasters such as Wood Mackenzie and by Chinas very own state oil majors. Given Chinas current [...]

Equinor has, on behalf of the BM-C-33 consortium, has submitted the Declarations of Commerciality and Plans of Development for two development areas in the BM-C-33 concession in Brazils Campos Basin [...]

Equinor has submitted declarations of commerciality and plans of development to Brazils ANP agency for two fields in the ultradeepwater BM-C-33 concession in the Campos Basin. Equinor (operator) is partnered [...]

Equinor has, on behalf of the BM-C-33 consortium, submitted to Agncia Nacional de Petrleo, Gs Natural e Biocombustveis (ANP), the Declarations of Commerciality and Plans of Development for two natural [...]

Equinor has, on behalf of the BM-C-33 consortium, submitted to Agncia Nacional de Petrleo, Gs Natural e Biocombustveis (ANP), the Declarations of Commerciality and Plans of Development for two fields [...]

China has issued a 15 Mt of oil products export quotas to companies in its third batch for 2023. The volume consists of 12 Mt of refined products quotas (kerosene, [...]

China National Petroleum Corporation (CNPC) and QatarEnergy have signed a 27-year sales and purchase agreement (SPA), under the terms of which China will purchase 4 Mt/year (5.5 bcm/year) of LNG [...]

Sri Lanka has awarded licences to China's Sinopec and two other foreign oil companies to operate in its volatile retail fuel market where a state-owned Indian firm has a leading [...]

Sinopec, the worlds top refinery by capacity, aims to lift crude throughput by 3% year on year in 2023 as it expects domestic demand for refined products and chemicals to [...]

The US LNG developer Venture Global LNG has reached financial close and taken a final investment decision (FID) on the US$7.8bn second phase of its 20 Mt/year Plaquemines LNG terminal [...]

Cash differentials of Russias ESPO Blend crude soared following fresh buying from India and Chinese major refiners, with the former heard seeking the Far East Russian grade following the expected [...]

China is set to cut its crude throughputs in Marchfrom the recent highs in February as maintenance season starts, information collected by S&P Global Commodity Insights showed Feb. 28. As [...]

As Europe is struggling to reduce its dependence on Russian gas, seeking to secure gas from the Middle East, China beat Europe to the punch and at the end of [...]

Brazilian state-owned oil and gas major Petrobras has signed a contract for the integrated natural gas processing system (SIP) with Chinas CNOOC Petroleum Brasil. It is worth noting that Petrobras, [...]

The signing last week of a multi-pronged memorandum of understanding (MoU) between the Saudi Arabian Oil Company formerly the Arabian American Oil Company - (Aramco) and the China Petroleum & [...]

Sinopec Fuel Oil remained China's top bunker fuel supplier in the first half of 2022 with a 51% market share, Sinopec said Aug. 4. China's bonded bunker suppliers rely on [...]

CNOOC has successfully tapped oil and gas from the country's first shale oil well offshore, signaling a breakthrough in China's offshore shale drilling to increase upstream reserve and sustain production, [...]

State-run refineries lift utilization to 75% Sinopec's Maoming, Shanghai refineries shut Shandong independent refineries' run rate hits 66% China's crude throughput is set to rise month on month in June [...]

Russia has become China's biggest supplier of oil as the country sold discounted crude to Beijing amid sanctions over the Ukraine war, media reports said. Imports of Russian oil rose [...]

Beijing issued additional oil product export quotas of 4.5 million mt to four state-owned oil giants to ease the inventory pressure amid relatively slow recovery in domestic demand, sources with [...]

Pre-front end engineering and design studies (Pre-FEED) have started for the development of the Ithaca and Hibiscus owned Marigold field via the Repsol Sinopec-operated Piper Bravo platform in the UK [...]

The state-owned Sinopec's oil product inventory is rising amid weak sales and the company is now preparing for a rebound in domestic demand once the current wave of COVID-19 ends, [...]

The partners in the Golden Eagle, Piper and Claymore fields in the UK central North Sea have committed to export their produced oil to the Flotta Terminal on Orkney, northern [...]

China's reliance on Middle Eastern crudes grew sharply in the first quarter of 2022, as the country reduced inflows from Russia, Brazil and the US, data from the General Administration [...]

Repsol Sinopec Resources UK revealed late last week that the Golden Eagle, Piper and Claymore field owners had executed new agreements reaffirming their commitment to export produced oil to the [...]

China targets to set up a catalogue of high-carbon products from the refining and chemical industry to limit exports of some of these products, according to a 14th Five Year [...]

NextDecade Corporation signed on Wednesday another long-term agreement for a U.S. exporter to sell liquefied natural gas (LNG) to China in the most recent deal between American and Chinese firms. [...]

Chinas state-owned oil and gas company Sinopec plans to boost natural gas production by 4.8% in 2022 and continue developing the gas supply chain to meet decarbonization and energy security [...]

Chinas state-owned oil and gas company, Sinopec, has signed a deal with Algerias national oil company, Sonatrach, for the construction of a $179 million Liquefied Natural Gas (LNG) storage tank [...]

Algerian state-run energy company Sonatrach on February 17 signed a 25bn dinar ($179mn) contract with Chinas Sinopec for the construction of a new LNG storage tank, state news agency APS [...]

An alliance between Repsol Sinopec, TechnipFMC, and Petrofac has started a validation/pre-FEED study involving a tieback of the Marigold cluster of fields in the UK central North Sea to the [...]

Chinas latest move to increase fuel oil export quotas for this year bodes well for its ambition to further develop itself as a bunkering hub and to stymie competition from [...]

Chinese oil companies are focusing on the strengthening Asian market amid weak demand at home, aiming to boost jet fuel exports above 1 million mt in January, while cutting gasoil [...]

State-owned oil giant Sinopec has started construction on an electrolyser to produce 20,000 tonnes of green hydrogen per year in China. Chinese state media has reported that the project would [...]

In line with market expectations, the average utilization rate at China's four state-owned refiners rebounded by two percentage points to 82.6% in November, from a five-month low of 80.6% in [...]

Chinese state-owned oil and gas major Sinopec has increased daily natural gas supply to the north of the country by more than 10 million cubic meters in a bid to [...]

China's limited increase in gasoline, gasoil and jet fuel export volumes for major domestic oil companies confirms a decline in outflows of these key oil products for the rest of [...]

China's Ministry of Commerce on Nov. 10 allocated an additional 1 million mt of quotas to Sinopec, PetroChina and CNOOC to export their domestically produced bunker fuel oil for bonded [...]

China's crude oil imports slumped below the 9 million b/d mark to a 39-month low of 8.94 million b/d in October as both state-owned and private refiners slowed down buying, [...]

Venture Global LNG and China Petroleum & Chemical Corp. (Sinopec) have signed two 20-year sales and purchase agreements (SPA) for the supply of a total of four million tons per [...]

Venture Global LNG and China Petroleum & Chemical Corp. (Sinopec) have announced the signing of two 20-year Sales and Purchase Agreements (SPA) for the supply of a total of 4 [...]