Repsol Sinopec gets rebrand after $2.1bn dispute deal is closed
Aberdeen-headquartered Repsol Sinopec Resources UK has been renamed as Repsol Resources UK.
Sinopec
Repsol Sinopec sees North Sea profits surge past $600m
As profits more than treble on higher oil and gas prices, Repsol Sinopec expects to spend $2.2bn on UK decommissioning within the next decade
CVC investment in clean energy start-ups reaches record-high
At over $8billion, big company corporate venture capital investment (CVC) in clean energy start-ups ran at a record high last year.
Repsol and Sinopec end North Sea dispute with $2.1bn deal
Spain’s Repsol will become the 100% owner of North Sea subsidiary Repsol Sinopec Resources UK after striking a $2.1bn deal.
Sinopec eyes growing domestic demand after lockdown-hit year
Chinese NOC Sinopec expects to increase oil and gas production next year as the government looks to meet growing domestic demand following an end to Covid-19 lockdowns in December last year.
Addax ends Nigeria saga with NNPC transfer
As a result, they agreed the “clean and amicable exit for Addax by resolving all the PSC contractual issues, including litigation”.
Eni denies that it has replaced Chevron as operator of IDD project
Eni (MIL:ENI) has denied reports in Indonesia last week, citing a senior government official, suggesting that the Italian company had become the new operator of the Indonesia Deepwater Development (IDD) project, replacing Chevron.
Sinopec snaps up first NFE LNG offtake deal with Qatar
Sinopec has signed up to buy 4 million tonnes per year of LNG from QatarEnergy (QE) for 27 years.
Sinopec looks for more from Sonatrach, amid production push
Sonatrach has signed a new memorandum of understanding (MoU) with Sinopec, with the aim of expanding the two companies’ co-operation.
Shell explores joint venture for open-source CCUS in China
Shell (LON:SHEL) has signed a memorandum of understanding (MoU) with Sinopec, Baowu and BASF to explore the feasibility of developing an open-source carbon capture, utilisation and storage (CCUS) project in the East China region.
Sinopec makes major shale gas discovery in China
China’s Sinopec said it has discovered major shale gas reserves in the Jinshi 103HF exploratory well in the country’s Sichuan basin.
Aberdeen-based Respol Sinopec UK appoints new chief operating officer
Aberdeen-based Repsol Sinopec UK has appointed a new chief operating officer, Peter Medlam will take on the role at the start of next month.
Sinopec posts record first-half profits on rising oil prices
Sinopec posted record first-half profits as higher global oil and gas prices outweighed a mixed market for fuel in China.
INEOS and SINOPEC ink three deals worth $7bn
INEOS and SINOPEC have signed three back-to-back deals worth a combined $7 billion (£5.8bn) which are expected to generate a combined turnover of around $10bn from 7 million tonnes of capacity.
China in advanced talks with Qatar for gas stakes worth billions
China’s energy majors are in advanced discussions to invest billions of dollars in Qatar’s massive liquefied natural gas (LNG) expansion project.
Sonatrach signs Sinopec deal, launches pipeline monitoring
Sonatrach has signed a production-sharing contract (PSC) with Sinopec on the Zarzaitine concession, in the Illizi Basin.
China energy giants in talks for Shell’s Russian gas stake
China’s key state-run energy companies are in talks with Shell to buy its stake in a major Russian gas export project, according to people with knowledge of the matter.
Mozambique pre-qualifies 12 companies for 6th bid round
Instituto Nacional de Petroleo (INP) has approved 12 of the 13 companies for pre-qualification in its sixth licence round.
BP courts Chinese and Indian energy majors in bid to offload Russia assets
BP has reached out to state-backed firms in Asia and the Middle East as it searches for a way to offload its Russian assets.
China oil giant plans record $31bn spend on energy security push
Sinopec will spend record amounts this year to increase oil and gas drilling as China aims to bolster its energy security and insulate itself from volatile global commodity markets. Significantly, the news comes as the Chinese giant pauses new investment in Russia projects over sanctions risk.
China starts up world’s largest green hydrogen plant
Chinese chemical producer Baofeng has started production from the world’s largest green hydrogen plant in the Chinese region of Ningxia raising global installed electrolyzer capacity by 50%. The news highlights how China is beating the world on climate technologies.
China’s Sinopec gets maiden LNG under new Qatari deal
China's state-owned Sinopec reported yesterday that it had received its first liquefied natural gas (LNG) cargo as part of a new supply contract with Qatar Energy.
China’s Sinopec floods LNG spot market with cargoes for 2022
A top Chinese liquefied natural gas (LNG) importer is offering to sell dozens of spot cargoes this year, indicating the world’s biggest buyer is well-stocked.
Repsol Sinopec to dish out major wells contract for Fulmar decommissioning
North Sea operator Repsol Sinopec Resources UK (RSRUK) is expected to put a major decommissioning contract for its Fulmar field out to tender next week.
Signing new PSC unlocks Egypt investments for APA-Sinopec
The APA-Sinopec joint venture have reached a new production-sharing contract (PSC) in Egypt, which will see more drilling carried out – and more cash returned to the companies.