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The Abu Dhabi National Oil Company, Adnoc, has awarded an 8 per cent stake in the emirate’s prized onshore oilfield concession to state-owned China National Petroleum Corporation (CNPC) in a US$1.77 billion deal.
China National Petroleum Corporation (CNPC) signed a deal to set up its regional headquarters in the Jebel Ali Free Zone (Jafza) of Dubai to oversee investments, oil services and trading in the Middle East.
Saudi Arabia and China’s state-owned firms Saudi Aramco and China North Industries Group Corp (Norinco) signed a deal for an integrated refining and chemical facility in northeast China, as the former implements it refinery investment strategy to…
WAK Group said it signed a US$3.58 billion EPC deal with China’s Guangdong Electrical Design Institute to set up deep oil conversion refinery in Pakistan’s Khyber Pakhtunkhawa region.
U.K.’s Wood Group said it was awarded a new contract by China National Offshore Oil Corporation (CNOOC) to support their Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea.
China currently imports around 53 billion cubic metres of gas per year, but could increase this figure to between 190 and 270 billion cubic metres per year, in an attempt to wean itself off of its dependency on coal.
China has enormous shale oil reserves but faces a number of key challenges, such as challenging geology and insufficient infrastructure in its existing gas producing units.
Sunshine Oilsands has signed a MoU with the China Petroleum Engineering & Construction Corporation (CPECC) in regards to the West Ells Phase II project expansion in northern Alberta, Canada.
London-listed Green Dragon Gas (GDG) has announced that the Qinshui Basin Chengzhuang Cooperative CBM Block (GCZ Block) Development Plan has been approved by the consultation center of China National Petroleum Corporation (CNPC).
Gazprom, a Russian gas holding, and CNPC, China’s largest oil and gas producer and supplier, signed a contract to carry out surveys for setting up underground gas storage facilities in China.