Niger-Benin pipe plan moving ahead
China National Petroleum Corp. (CNPC) signed a transportation convention with Niger on September 15.
CNPC
Plans for mega LNG project submitted in Mozambique
A joint venture owned by ExxonMobil, Eni and CNPC has submitted a development plan for the first phase of the Rovuma LNG project off Mozambique.
Who gets hit when US resumes Iran sanctions?
President Donald Trump’s decision to reimpose sanctions on Iran threatens to tighten global oil markets and could derail tens of billions of dollars in business deals.
China gas giant ‘confident’ US energy ties set to deepen
The head of China’s largest natural gas importer believes the country’s energy ties with the U.S. are set to deepen, despite trade conflict between the world’s two largest economies that has roiled financial markets.
Chinese step in if Total exits Iran, report says
China’s CNPC is ready to step in if Total decides to exit its Iranian projects to comply with US sanctions, a news report said.
Eni in exploration pact with China’s CNPC
Italian energy company Eni has signed a pact on oil and gas exploration and production opportunities with the China National Petroleum Corporation (CNPC).
Shell finds $1bn buyer for Argentine gas stations, report says
Shell has found a buyer for a chain of Argentine gas stations worth more than $1billion, a news report said.
CNPC to reduce staff by 20%
China National Petroleum Company (CNPC) said it will reduce its staff at its headquarters in Beijing by 20%.
Total breaks away from pack to sign Iran gas field deal
French firm Total has signed a preliminary agreement with Iran for the development of one of the world’s biggest gas fields.
CNPC approves plans to restructure its oilfield service business
China's top energy group China National Petroleum Corp (CNPC) has approved plans to restructure its oilfield services business.
China’s biggest oil company posts 52% decline in 2015 profit
China National Petroleum Corp., the country’s biggest oil and gas producer and the parent of PetroChina Co., said profit fell 52 percent as lower oil prices punished global explorers.
PetroChina sees profits plunge by 70% in 2015
PetroChina , China's biggest oil and gas producer, reported a 70 percent slump in its full-year 2015 profit, with earnings upstream and in the marketing segment both taking a hit from lower prices.
Chevron, Petrochina start production from delayed Luojiazhai field
Oil major Chevron and PetroChina started production from an onshore gas field at the end of 2015 after years of delays. The Luojiazhai field has an annual production capacity of three billion cubic metres of gas.
Gazprom Neft signs MOU with CNPC
Gazprom Neft has signed a three-year memorandum of understanding with China’s CNPC.
Libra consortium finish drilling of second extension well off Brazilian coast
The Libra consortium has confirmed the presence of a hydrocarbon column approximately 200 metres deep in reservoirs 220km offshore from the city of Rio de Janeiro. Informally known as C1, the well is located in the Santos Basin.