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News
China to Boost Brazil Oil Imports in Q3, Replacing Some Saudi Supply
The volumes are significantly higher than the average in the first five months of the year, when China imported 3.02 million metric tons of Brazilian crude.
China's April Diesel Exports Decline Month-on-Month as Domestic Demand Recovers
Sinopec Corp. sees China's diesel and gasoline demand growing more in the second quarter than in the first three months of 2023.
China's Oil Refinery Throughput Surges to Record in March
Total Chinese refinery throughput reached the equivalent of 14.9 MMbbl/d, up 8.8% from last year.
China's Sinopec to Take Stake in Qatar's North Field East
The deal marks first shareholding for an Asian customer.
Energy Transition in Motion (Week of Feb. 24, 2023): Advancing Projects, Investment
Here’s a look at some of this week’s renewable energy news, including steps toward the first offshore wind auction in the Gulf of Mexico and the approval of a marine license for the first floating wind farm off Wales.
China's CNPC Set to Seal Mega Qatari LNG Deal
CNPC has agreed to main supply terms for an agreement with QatarEnergy similar to a 27-year LNG deal made a couple months ago between Sinopec and QatarEnergy.
China's Sinopec Buys 49% of Thai Oil Retailer Susco Dealer
The investment opens up opportunities to explore low-carbon energy business development.
INEOS, SINOPEC Close Pair of Petrochemical JVs
Further collaboration is on the horizon as the companies and two other deals are expected to be completed in 2023.
Sinopec's Profit Falls as High Oil Prices, COVID Curbs Weigh
Sinopec's oil throughput rebounded in the third quarter of 2022, but it still remains 8% lower year-over-year, the company earnings filing stated.
China's Sinopec Taps Large Shale Gas Reserve in Sichuan Exploration Well
Sinopec's discovery aligns with Chinese President Xi Jinping's call to boost domestic energy supply.
Analyst: Chinese Liquids Production to Decline Within a Decade
Much of Chinese production comes from mature fields, where infill drilling is the name of the game to keep output flat.
Sinopec Taps Shale Oil at Mature East China Oilfield
National oil companies in China are making a greater effort to increase production of shale oil and gas, leading to Sinopec tapping 30 tonnes of oil and 1,500 cu. m of gas daily in an eastern mature field.
US Supplies Give China Muscle to Become Major Force in Global LNG Trade
China's push into the international LNG market comes two decades after it made a similar big splash in oil trading.
China's Sinopec Sets Up Hydrogen Subsidiary
The state giant has pledged to spend some $4.6 billion on hydrogen energy by 2025 as part of becoming a carbon-neutral energy provider by 2050.
China Looks to Lock in US LNG as Energy Crunch Raises Concerns
Talks with U.S. suppliers began early this year but speeded up in recent months amid one of Asia's biggest power-generating, heating fuel crunch in decades.