Sinopec Company News

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Offshore UK Operator Extends FPSO Contract
Bluewater has won a bareboat charter contract extension for the Bleo Holm FPSO. PHOTO SOURCE: Bluewater.
8:00 PM EST | June 29, 2021
Hydrogen Build-out Creates Growing List of Energy Have-nots
Not all countries have the luxury of including hydrogen in their energy development plans.
8:00 PM EST | April 04, 2021
PetroChina Claims World's Top Spot for Capex
China's fear of dependence on foreign suppliers means its biggest oil company plans to be the world's top-spending driller this year.
8:00 PM EST | March 25, 2021
Equinor and Partners Choose Concept for Offshore Brazil Field
Equinor, Repsol Sinopec Brasil, and Petrobras have approved a development concept for the BM-C-33 gas/condensate field.
8:00 PM EST | March 21, 2021
Exxon North Sea Retreat Could Yield Gain for Sinopec
China Petroleum & Chemical Corp. (Sinopec), Kuwait Foreign Petroleum Exploration Co. and EnQuest Plc reportedly are bidders for the North Sea assets.
8:00 PM EST | September 21, 2020
China Oil Buying Binge Set to Slow Down
China's record haul of crude is poised to end as state-issued allowances for imports dwindle.
8:00 PM EST | September 01, 2020
China's Surging Gasoline Exports Hurting Regional Refiners
Fitch Solutions Macro Research identifies factors driving growth in China's gasoline exports.
7:00 PM EST | January 14, 2019
China's Sinopec Plans To Build Canadian Oil Refinery
Sinopec has joined a group planning to build an oil refinery in Alberta.
8:00 PM EST | September 13, 2018
Sinopec Says Some Refineries Would Be Hit By A Halt In Iran Crude Buying
A senior executive at Sinopec says that some of its refineries will be negatively affected if it stops importing Iranian crude.
8:00 PM EST | August 26, 2018
South African Watchdog Approves Glencore's Bid For Chevron Assets
South Africa's competition watchdog approved Glencore's roughly $900 million bid for Chevron's local and Botswana assets.
8:00 PM EST | August 22, 2018
Sinopec, Zhejiang Group To Build LNG Terminal, First Phase Set For End-2021
Sinopec has teamed with Zhejiang Energy Group on a LNG terminal in east China.
8:00 PM EST | August 21, 2018
China Sells Diesel To South Africa As Refiners Seek New Export Markets
Sinopec is selling diesel as far afield as South Africa as China's refiners seek homes for their surplus fuel in the latest sign of troubles in the domestic refining business.
8:00 PM EST | August 19, 2018
China's Sinopec Expects Best Quarter In Years Boosted By Oil Revival
China Petroleum and Chemical Corp expects to report its best quarter since 2013.
8:00 PM EST | July 23, 2018
Sinopec Plans To Extend Cuts In Saudi Crude Oil Imports To June, July
Sinopec plans to continue to cut their Saudi Arabian crude oil purchases for June and July loadings.
8:00 PM EST | April 24, 2018
Sinopec Group to Lift Gas Supplies, LNG Receiving Capacity
China's Sinopec group expects to increase its natural gas supplies significantly in the next six years as it aims to shift to produce more clean fuels.
8:00 PM EST | April 01, 2018
Sinopec Inks First Deal To Buy Oil Priced Off Shanghai Crude Futures
Unipec has inked a deal with a western oil major to buy Middle East crude priced against the newly-launched Shanghai crude future.
8:00 PM EST | March 25, 2018
China's Domestic LNG Plants Reopen After Shutdowns As Heating Crisis Eases
At least 10 of China's domestic LNG plants have resumed output in the past week.
7:00 PM EST | February 27, 2018
Lead a Chinese Oil Giant and Get a Fraction of Your Peers' Pay
The next chief of Sinopec Group can expect to get a fraction of what counterparts at international energy companies earn.
7:00 PM EST | December 26, 2017
Report: Quarter Of Oil Refineries Risk Closure Under Climate Goals
A quarter of the world's oil refineries risk closure by 2035 if governments meet targets to limit fossil fuel burning.
8:00 PM EST | November 01, 2017
Sources: China's Sinopec Mulls US Oil Projects Ahead Of Trump's Visit
Sinopec is evaluating two projects in the United States that could boost Gulf Coast crude oil exports.
8:00 PM EST | October 30, 2017
Sinopec's Oil Refining Overcomes Continued Upstream Losses
China Petroleum & Chemical Corp. says 3Q profit advanced 13%.
8:00 PM EST | October 29, 2017
Buyers Eye Sinopec's Argentina Oil Assets in Sale Worth Up to $1B - Sources
Two sources said the Sinopec assets would be a tough sell.
8:00 PM EST | October 08, 2017
Shengli Oilfield Cuts Internet For Some Offices After Cyber Attack
Sinopec's Shengli Oilfield says it will cut its Internet connection for some of its offices, the company says.
8:00 PM EST | August 20, 2017
Sinopec Engineering Arm Taps Asia Petrochemicals Growth
Sinopec Engineering won 17.8 billion yuan ($2.67 billion) of new contracts in the first half.
8:00 PM EST | August 20, 2017
Sinopec To Invest $5B In Gas Pipeline For New Economic Zone
Sinopec will invest $5.1 billion in a gas pipeline project.
8:00 PM EST | July 24, 2017
South Africa Wants Sinopec to Retain Refinery Capacity
Sinopec will pay almost $1 billion for a 75 percent stake in Chevron's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced in March.
8:00 PM EST | May 24, 2017
China's Unipec Will Keep Reselling Term LNG Cargoes -President
Sinopec's trading arm resold more than 2 million tonnes of term cargoes of LNG last year and expects to sell more this year, president Chen Bo said on Wednesday.
8:00 PM EST | May 16, 2017
China's Sinopec Buys First Major African Refinery In Chevron Deal
China's Sinopec agrees to pay almost $1 billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.
8:00 PM EST | March 21, 2017
China's Sinopec Close To Snapping Up Chevron's South African Oil Assets
China Petroleum and Chemical Corp (Sinopec) is nearing an agreement to buy a majority stake in Chevron Corp's South African assets.
8:00 PM EST | March 16, 2017
Aramco's Malaysia Deal Gives Saudis Upper Hand In Fight For Asia Oil Share
Top global oil exporter Saudi Arabia broke from the pack in the race to lock up Asian market share after agreeing on Tuesday to pump $7 billion into a refinery-petrochemical complex in Malaysia.
7:00 PM EST | February 27, 2017
China To Tender More Xinjiang Oil, Gas Blocks To Non-State Firms
China will auction about 30 oil and gas blocks in the northwestern region of Xinjiang this year to investors outside the top state energy firms, state media reported.
7:00 PM EST | January 22, 2017
China's Sinopec Weighs Takeover Of Gulf Keystone
China's Sinopec Corp is weighing a takeover of Gulf Keystone Petroleum, an oil company operating in the Kurdistan region of Iraq, Bloomberg reported on Tuesday.
7:00 PM EST | December 12, 2016
Sao Tome To Terminate Oil Block With Sinopec-Sonangol Joint Venture
Sao Tome and Principe has decided to terminate an oil concession granted to Sinoangol.
7:00 PM EST | December 06, 2016
China Oil Output Drops To 6-Year Low As State Giants Shut Fields
China's crude oil output dropped to the lowest in more than six years as the country's state-run energy giants continued to pump less from aging, high-cost fields.
8:00 PM EST | September 12, 2016
As Oil Giants Dally Over Glut, Asia Gets To Work On Output Cuts
As the world's biggest crude producers stop short of taking action to address the global oversupply, output cuts by their largest customers are helping to mop up the glut.
8:00 PM EST | September 06, 2016
Sinopec Expects Profit from Argentina Unit if Oil Recovers
China's Sinopec says losses from its Argentina unit could be 'greatly reduced' if oil prices rise.
8:00 PM EST | September 01, 2016
PETRONAS $8.5B Canada Gas Plan Buoyed By Aboriginal Vote
PETRONAS' proposed $8.5 billion liquefied natural gas export plant in Canada is getting a boost as an aboriginal community signals openness to the project amid speculation that the location may be changed.
8:00 PM EST | August 28, 2016
Profit At China's Sinopec Slumps 21.6% In First Half
China Petroleum and Chemical Corp., or Sinopec, says its net profit fell 21.6 percent in the first half of 2016, hurt by a steep decline in international oil prices.
8:00 PM EST | August 28, 2016
Iran Likely to Grant Development of 2 Oil Fields to China's CNPC, Sinopec
Iran is likely to grant the development of 2 major oil fields in the country's southwestern Khouzestan province to China's CNPC and Sinopec.
8:00 PM EST | August 23, 2016
China Oil Giants Seen Soothing Investors With Post-Crash Payouts
China's biggest oil companies may use special dividends to soothe investors after the collapse in energy prices.
8:00 PM EST | August 22, 2016
China Crude Output Falls To Five-Year Low In July
China's crude oil production in July fell 8.1 percent from a year ago to the lowest since October 2011 on a daily basis, as low prices limit the incentive to keep some wells operating in the world's fourth-largest oil producer.
8:00 PM EST | August 11, 2016
Sinopec To Pay 29.8M Yuan In Compensation For Pipeline Blast
A Sinopec Corp subsidiary agrees to pay compensation of $4.5 million for damages caused by an explosion last month on a section of the Sichuan-East China natural gas pipeline.
8:00 PM EST | August 04, 2016
Sinopec To Sell Gas Pipeline Stake To No More Than 15 Investors
China's Sinopec Corp will sell a stake in the Sichuan-East China gas pipeline to no more than 15 investors, the company says in an announcement in Beijing Equity Exchange.
8:00 PM EST | August 02, 2016
China Pipeline Fire Kills Two, Cuts Gas Supplies
China's Sinopec has shut down a section of the Sichuan-East China gas pipeline in the country's central region after it was hit by a landslide and fire, killing two people.
8:00 PM EST | July 19, 2016
Sinopec Subsidiaries Inflated 2014 Revenue By $3.04B
Subsidiaries of China's second-largest energy company Sinopec inflate their 2014 revenue by $3.04 billion, according to a report published by China's auditing department.
8:00 PM EST | June 29, 2016
Algeria Oil And Gas Output On The Rise
Algeria's oil and gas output is moving back to growth after years of stagnation.
8:00 PM EST | June 25, 2016
Sinopec Serves $5.5B Arbitration Notice To Repsol
Chinese energy conglomerate Sinopec serves an arbitration notice to Spain's Repsol demanding around $5.5 billion in compensation over a 2012 joint venture.
8:00 PM EST | June 16, 2016
Sinopec Targets 15Bcm Annual Shale Gas Production Capacity In Chongqing
Sinopec is targeting annual shale gas production capacity of 15 billion cubic metres and annual shale gas output of 10 bcm in the southwestern city of Chongqing by 2020.
8:00 PM EST | May 22, 2016
No Big Bang, But Quiet Reforms Reshaping China's Oil And Gas Sector
Expect no radical "big bang" in China's shake-up of its giant state-run energy firms, but a series of experimental and incremental steps that Beijing has quietly embarked on may still bring meaningful change to an economically crucial sector.
8:00 PM EST | May 11, 2016
CNOOC Overtakes Sinopec as China's Second-Biggest Oil Producer
Oil's plunge has reordered the pecking order among China's biggest explorers.
8:00 PM EST | March 28, 2016