PetroChina - The Oil Giant That Investors Ignore

PetroChina, the public division of China’s state giant CNPC, has quietly become the third-largest oil and gas company globally, with a market cap exceeding Chevron’s since the start of this year; quietly, because it tends to stay out of most investors’ radars, for a number of reasons.

Sinochem plans $2 billion Hong Kong IPO of oil assets: IFR

China’s Sinochem Group has invited banks to pitch for roles in a proposed Hong Kong listing of its key oil assets, which could raise about $2 billion, IFR reported on Monday, citing three people with knowledge of the matter.

IPO Sinochem 2018-03-14

China’s Mystery Russia Oil Partner Seen Delaying $9 Billion Deal

CEFC China Energy Co.’s planned $9 billion purchase of a stake in Russian oil giant Rosneft PJSC has been delayed, according to a Chinese rating agency, citing discussions with the Chinese company that’s recently come under scrutiny.

China gears up for launch of crude oil futures

China is set to launch a much-anticipated yuan-denominated crude oil futures contract in two weeks, and institutions have been preparing their clients for it.

China Economy 2018-03-14

China bets on a yuan-oil bonanza

The Shanghai International Energy Exchange (INE)—a child of the Shanghai Futures Exchange—continues to excite and frustrate domestic and international market participants over the launch of its crude-oil futures contract.

China Oil Opinion 2018-03-14

China slows down spending on Belt and Road energy projects

The nation’s financing for Belt and Road Initiative energy projects dropped 28 per cent to US$14.3 billion last year from US$19.9 billion, according to data released Monday by Boston University’s Global Development Policy Centre.

China's Sinochem Group plans $2-bn Hong Kong IPO for various oil assets

China's Sinochem Group has invited banks to pitch for roles in a proposed Hong Kong listing of its key oil assets, which could raise about $2 billion, IFR reported on Monday, citing three people with knowledge of the matter.

IPO Sinochem 2018-03-13

China looking to become co-owner of Russia's biggest oil company

Chinese state-controlled Huarong Asset Management has bought a 36.2 percent stake in the unit of CEFC China Energy through which CEFC is acquiring a $9.1 billion stake in Russian oil giant Rosneft.

Economic Watch: China gears up for launch of crude oil futures

Chinese institutions are preparing for the launch of much-anticipated yuan-denominated crude oil futures, a move seen to give the country greater pricing power over commodities.

China Crude Oil 2018-03-13

China’s Hengli Petrochemical in talks to take Saudi crudes for trial run

China’s independent refiner Hengli Petrochemical is in talks to secure crude shipments from Saudi Arabia for its trial run in October as it has applied for 20 million mt/year of quota for cracking imported crude oil, a company source said.

China Refining 2018-03-12

How China Is About to Shake Up the Oil Futures Market

China, the world’s biggest oil buyer, is opening a domestic market to trade futures contracts. It’s been planning one for years, only to encounter delays.

China's CNPC says to buy 30-pct stake in Brazilian fuel distributor

China’s CNPC said on Thursday that its international unit, PetroChina International Co, has agreed to buy a 30-percent stake in Brazilian oil products trader TT Work, as it pushes to expand abroad.

Sinopec 2018-03-12

South Africa watchdog approves $900 million Sinopec, Chevron deal

China’s Sinopec Corp got a major boost in its pursuit of Chevron’s South Africa and Botswana assets after South Africa’s Competition Tribunal approved, with conditions, the $900 million transaction on Friday.

Sinopec 2018-03-12

Hong Kong Looks Increasingly Attractive For Aramco Listing

Hong Kong is emerging as the frontrunner for Aramco’s international listing, unnamed sources familiar with developments around the IPO of the century told Reuters.

Italmatch Chemicals Group acquires the Chinese Jiayou Chemical

Italmatch Chemicals, a global specialty chemical group leader in the production and marketing of performance additives for water & process treatment, oil & gas, industrial lubricants and plastics, acquired the Chinese Jiayou Chemical, active in the antiscalant phosphonate business

China Investment 2018-03-08

CERAWEEK-Chilean, Russian, Chinese firms interested in Ecuador's oil auction

Chilean, Russian and Chinese energy companies are among the firms interested in participating in Ecuador’s upcoming bidding rounds for onshore and offshore blocks, the country’s oil minister said on Tuesday.Ecuador plans to launch two auctions in March, the Intracampos round which includes eight onshore blocks and the mature field round, which includes four onshore areas - Cuyabeno, Oso, Vinita and Blanca - and the Amistad offshore gas field.Chile’s GeoPark, a unit of Russia’s Rosneft , and China’s CCDC Petroleum and Hilong Group are among those expressing interest, said oil minister Carlos Pe


CERAWeek: Lack of offshore investment will impact future oil supply - Hess

Shale oil is expected to double its market share of global crude supply to an estimated 10% within five years, but the lack of investment offshore during the industry downturn in 2015 and 2016 could begin having an impact in that same period, the CEO of Hess Corporation said Monday.Global exploration, which consumed $100 billion of capital in 2014, is now down 60% to $40 billion, and that figure has been steady for the last three years, CEO John Hess said at the CERAWeek by IHS Markit conference."Last year was the lowest level of resources added from exploration in the last seven years," he sa


China's CEFC taken over by Shanghai government agency: SCMP report

A Shanghai government agency has taken control of CEFC China Energy, the private firm that has agreed to buy a $9.1 billion stake in Russian oil major Rosneft (ROSN.MM), the South China Morning Post (SCMP) reported on Friday.

SOEs 2018-03-05

China to invest $300b by 2030 as part of one belt, one road project

China’s outbound direct investment in The Belt and Road Initiative will reach $300 billion by 2030, according to the chief economist of Bank of China.

China Aviation Oil Q4 profit dented on deferred tax assets

CHINA Aviation Oil (CAO) was hit with a near seven-fold increase in income tax expense for the fourth quarter of 2017, due to a decline in deferred tax assets as a result of the utilisation of unabsorbed tax losses from prior years to offset the current year's profits, the group said in its earnings

China Petrochemical 2018-03-01

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