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CNOOC signs production sharing contract with SK Innovation Co.

CNOOC signs production sharing contract with SK Innovation Co.

September 13, 2017 No Comments

CNOOC Limited (NYSE: CEO, TSX: CNU) announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with SK Innovation Co., Ltd. (SK) for Block 17/08 in the South China Sea. Block 17/08 is located in the Pearl River Mouth Basin. The block covers a total area of 466 […]

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Amec Foster Wheeler wins US$604 million EPC contract

Amec Foster Wheeler wins US$604 million EPC contract

September 8, 2017 No Comments

Amec Foster Wheeler has been awarded a US$604 million engineering, procurement and construction (EPC) fixed price contract for part of a US$1.85 billion methanol plant being developed by Yuhuang Chemical Inc (YCI), a US-based subsidiary of China’s Shandong Yuhuang Chemical Company Co. Ltd. The first phase of the project, which includes the construction of a […]

Empyrean Update on Offshore China Block 29/11

Empyrean Update on Offshore China Block 29/11

September 7, 2017 No Comments

Initial Seismic Data Results Exceed Expectations Empyrean Energy plc (EME: AIM), the oil and gas development company with interests in China, Indonesia and the United States, announced that it has finalised the preliminary internal interpretation of the ‘fast-tracked’ processing of raw seismic data from the recently acquired 3D seismic on Block 29/11, offshore China.   This […]

Sinopec Corp. announces 2017 interim results

Sinopec Corp. announces 2017 interim results

August 30, 2017 No Comments

On August 28, China Petroleum & Chemical Corporation (“Sinopec Corp.” or “the Company”) announced its interim results for the six months ended 30 June 2017 in Hong Kong. In accordance with the International Financial Reporting Standards (IFRS), in the first half of 2017, the Company’s operating profit was RMB39,309 million. Profit attributable to owners of […]

Cooperation agreement signed by Guangdong Province and CNPC

Cooperation agreement signed by Guangdong Province and CNPC

August 30, 2017 No Comments

On August 24, 2017, the Ministry of Land and Resources, Guangdong province and CNPC signed in Beijing a Strategic Cooperation Agreement on Promoting the Building of a Pilot Site for Exploring and Exploiting Gas Hydrate in the Shenhu Area of the South China Sea. The conclusion of this agreement will help accelerate the industrial development […]

Chinese banks committed to oil, gas investments in Nigeria

Chinese banks committed to oil, gas investments in Nigeria

August 14, 2017 No Comments

Chinese banks have made commitments to offer financial support for oil and gas investments in Nigeria. Maikanti Baru, the Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC) said this in Abuja, on Friday according to media reports. Baru reportedly said China had contributed 250 million U.S. dollars for project development at a recent […]

U.S.- Chinese Tensions Could Impact Energy Policy

U.S.- Chinese Tensions Could Impact Energy Policy

August 9, 2017 No Comments

Tensions between the U.S. and China are escalating, and it could have a negative impact on clean energy policies that the two countries had previously agreed to. Over the past week, three Democratic party senators backed President Donald Trump’s stance opposing China’s moves on intellectual property and trade relations. Since running for president last year, […]

BP expands carbon offset portfolio

BP expands carbon offset portfolio

July 23, 2017 No Comments

BP advances its commitment in support of a lower carbon future: the project portfolio has the total capacity to reduce up to 2.5 million tonnes of CO2 equivalent per year and improve the livelihoods of more than 2 million people BP Target Neutral, BP’s voluntary carbon offsetting programme, is celebrating its 11th year with an […]

Iran Eyes 10 Oil, Gas Deals by March 2018

Iran Eyes 10 Oil, Gas Deals by March 2018

July 17, 2017 No Comments

National Iranian Oil Company (NIOC) says the Rouhani administration has tasked the company to ink 10 major deals for developing oi land gas fields by the end of the current Iranian calendar year to March 20 2018. Gholamreza Manouchehri, deputy for development and engineering at the NIOC, said on Saturday that the company is preparing […]

Geely Automobile Sales Volume Up 91% YOY

Geely Automobile Sales Volume Up 91% YOY

July 6, 2017 No Comments

Geely Automobile Holdings Limited (“Geely Automobile”/the “Group”)(Stock code: 175) announced that the total sales volume of the Group for the month of June 2017 was 88,773 units, an increase of approximately 91% over the same period last year and up around 16% from May 2017. The Group’s exports volume was down around 16% year-on-year to […]

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