CNPC

Eni ready to sell 20% stake in Rovuma to CNPC Although Eni from Italy and Anadarko Petroleum  (Anadarko) from US had decided to team up in the onshore part of Mozambique liquefied natural gas (LNG) project, the both companies are searching for separated partnerships to develop the super-giant natural gas fields of the Rovuma basin. The size and complexity […]

Shell to start upstream and postpone LNG Trains Since November 2012, the Anglo-Dutch international company, Shell, and China National Petroleum Company (CNPC or PetroChina) multiplied announcements to reconsider their Arrow LNG project in the Queensland in eastern Australia. Shell and PetroChina wholly own the Arrow LNG project through a 50/50 joint venture with the intention to invest […]

Australia Key Project and Business Highlights In 2012, Australia popped up as center of universe for the liquefied natural gas (LNG) industry with the number of LNG projects pilling up, the costs of these projects spiraling up by 80%, the new discoveries leading to strategic changes. With a second wave of LNG projects representing $156 billion capital […]

CNPC to take $2.2 billion stake in Encana Duvernay The China National Petroleum Company (CNPC or PetroChina) speeds up acquisitions of interests in Canada with the $2.2 billion offered to the local Encana for stake in the Duvernay oil sand project. According to the deal reached between the parties, PetroChina will take, through its wholly-owned subsidiary […]

CNPC to pay BHP $1.6 billion for 10% of Browse LNG The super giant China National Petroleum Corporation (CNPC or PetroChina) is to acquire the 10% stakes held by BHP Billiton in the $40 billion capital expenditure Browse LNG project. In practice the transaction is based on PetroChina to pay $1.6 billion to BHP Billiton for:  – […]

BP and CNPC ramped up oil production 10% per year  In June 2009, the international oil company BP and the China National Petroleum Company (CNPC or PetroChina) were awarded the technical services contract (TSC) for the giant Rumaila oil field in the south of Iraq, closed to the Kuwait border. BP discovered the Rumaila oil field […]

To be a world-leading Energy and Chemical Company China Petrochemical Corporation (Sinopec Group) was established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group is a state wholly owned company with Headquartered in Beijing, China and a registered capital of RMB 182 billion ($30 billion). As a state-owned company, Sinopec Group […]

Energize – Harmonize – Realize The national oil company PetroChina Company Limited (PetroChina) was established on November 1995, by the Chinese Government from the major restructuring of the oil and gas sector in China and of its national company at that time, China National Petroleum Corporation (CNPC). In this operation the Chinese Government keeps holding 100% […]