The Abu Dhabi National Oil Company (ADNOC) has announced that it has awarded contracts up to a value of £1.4 billion to undertake the "world's largest" seismic survey.
China Petroleum & Chemical Corp. said profits during the first quarter of this year are expected to more than double on higher crude prices and stable demand, bolstering plans by the world’s biggest oil refiner to raise spending for the first time in four years.
China Petrochemical Corp., one of the world’s biggest oil refining companies, named Dai Houliang as general manager, filling a role left empty since his predecessor was removed the company and then expelled from the ruling Communist Party on corruption charges.
