Upstream players eye force majeure in Myanmar
The bloodless military coup in Myanmar has triggered some upstream companies to assess whether they should activate force majeure clauses in their production-sharing contracts (PSCs) with the government.
China national petroleum corporation
Myanmar set for more than $1 billion of upstream investment
With Myanmar’s general elections in the rearview mirror, upstream development expenditure could more than double to over $1 billion by 2023 compared to this year’s spend.
European oil firms leaving US counterparts behind in energy transition race, CMS report says
European and Chinese oil and gas firms are well ahead of US rivals in the energy transition race, new research has found.
Russia Opening Giant Gas Link to China as Putin Pivots East
The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cement their energy co-operation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.
Two deals for Chinese firms in Abu Dhabi in as many days
A second Chinese energy company has bought a stake in a giant, Middle East onshore oil concession in as many days.
China starts work on major pipeline project with promises of smog reduction
China’s biggest energy firm has started installing a fourth gas pipeline between Shaanxi province and Beijing.
Former PetroChina chairman jailed for 16 years
The former chairman of China National Petroleum Corporation, and its listed firm PetroChina, has been sentenced to 16 years in prison for graft, Chinese state television said on Monday.