CNPC, ADNOC Close To Signing Exploration, Refining Deal

China National Petroleum Corporation (CNPC) and the Abu Dhabi National Oil Company (ADNOC) are expected to sign as early as this month a preliminary deal to invest in oil and gas exploration and refining, Reuters reported on Friday, quoting sources in the know, including CNPC officials.

CNPC 2018-07-09

Sinopec sees China's fuel exports rising, shale gas ops nearly in red

State-run Sinopec Group said it expects China’s refined fuel exports to keep rising in the medium to long term as domestic demand growth slows and new refining capacity comes onstream in 2020, while its shale gas operations struggle with high costs.

Eni inks cooperation deal with China's CNPC

Eni signed a cooperation agreement with China National Petroleum Corporation (CNPC) on Wednesday in a move that could give the Italian oil major greater access to the Chinese market.

CNOOC Signs Production Sharing Contract With SK Innovation

China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with SK Innovation Co. Ltd., for Block 17/08 in the South China Sea, CNOOC Ltd. (NYSE: CEO) said on Sept. 5.Block 17/08 is located in the Pearl River Mouth Basin. The block covers a total area of 466 square kilometers with a water depth of 100 meters (m) to 130 m.According to the terms of the PSC, SK shall act as the operator during the exploration period and conduct exploration activities in Block 17/08, in which all expenditures incurred will be borne by SK.Once entering the development phase, CNOO

Baker Hughes pegs U.S. oil-rig count as unchanged

Baker Hughes(BHGE)announced last Friday (September 1st) that the drilling activity has remained constant in the United States, compared with last week.

Global Market 2017-09-04

Dagang oilfield to extend the application of chemical EOR in heavy oil reservoirs

Solid results represent a breakthrough for chemical EOR applied in a high-temperature high-salinity oil reservoir.

2017-08-09

China's crude oil output dips in June

​China's crude oil output fell again in June as refineries continued to cut output due to abundant supply and low oil prices.

2017-07-18

Brazil's Petrobras, CNPC in talks on strategic partnership

Brazilian state-led oil producer and refiner Petrobras and China National Petroleum Corp. (CNPC) have signed a memorandum of understanding to start talks on a wide-ranging strategic partnership, Petrobras said Tuesday.

China Oil CNPC 2017-07-07

Unipec sustains annual volume rise

​Unipec Singapore Pte Ltd said it was confident that for the sixth year in a row, its oil and gas turnover will likely increase by 10 percent in 2017.

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