China National Petroleum Company Company News

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BP Strikes Out in Offshore Oil Exploration Hotspot
Monday, September 30, 2019 It was supposed to be BP Plc's big Brazilian breakthrough after years of setbacks in one of the world's top destinations for offshore oil.

CNPC Gas Pipeline Explosion Injures 24 People in Southwest China -Govt
Monday, June 11, 2018 A gas pipeline operated by China National Petroleum Corp (CNPC) exploded in Guizhou province in southwest China, injuring 24 people, with three in critical condition.

China's CNPC Resumes Part Of Gas Production At Changqing Field
Friday, July 28, 2017 CNPC is gradually resuming operations at its closed Changqing gas field in China's western province Shaanxi, the company says.

China's CPOE Inks Deal for Newbuild Semisub Frigstad Shekou
Thursday, August 18, 2016 China National Petroleum Corp. Offshore Engineering Co. (CPOE) signs the contract to charter the Frigstad Shekou semisub upon delivery from CIMC Raffles' yard in Yantai, China in late 2016.

Key Allies of Disgraced China Security Chief Jailed for Graft
Monday, October 12, 2015 The former chairman of China National Petroleum Corporation is sentenced to 16 years in prison for graft.

China State Firms to Start Pumping New Oil in Iran
Friday, July 31, 2015 China's state oil giants are set to start pumping a combined 160,000 barrels per day at two projects in southwestern Iran from around October, according to sources.

Former Senior Chinese Energy Executive Stands Trial
Wednesday, July 22, 2015 A former senior executive at China National Petroleum Corporation goes on trial in Hubei province.

RH Petrogras' 2P Reserves Up 93%, Lifted by China's Fuyu 1 Block Resource
Tuesday, April 07, 2015 RH Petrogas reports a 93 percent rise in 2P reserves to 19.9 million barrels of oil equivalent after including oil reserves in Fuyu 1 block in China's Jilin province.

Peru OKs $1.4B Exploratory Work In Natgas Block Bought By CNPC
Monday, April 28, 2014 Peru has approved an environmental permit that will allow China National Petroleum Corp to do $1.39B of exploratory work in a natural gas block it is buying from Petrobras.

Oil Workers At CNPC's Niger Block End Strike Early
Monday, December 16, 2013 Workers at CNPC oil block in Niger end a strike over working conditions earlier than expected after the company offers to open negotiations.

Workers At China Firm's Oil Block In Niger Start 48-Hour Strike
Thursday, December 12, 2013 Around 600 workers at a China National Petroleum Corporation oil block in Niger began a 48-hour strike on Thursday to protest pay and conditions, the National Union of Petroleum Workers said.

China's CPECC Wins $547.9M Iraqi Oilfield Contract
Wednesday, July 24, 2013 CPECC wins a $547.95 million service contract to develop Iraq's Halfaya oilfield, Iraq's cabinet says.

CNPC Starts Building First Shale-Gas Pipeline in Sichuan
Wednesday, June 19, 2013 China National Petroleum Corp. has started building its first pipeline dedicated to shale-gas distribution in southwest Sichuan province.

Venezuela: Contracts Could Be Canceled if Output Demands Not Met
Friday, May 03, 2013 Venezuela's government could revoke contracts of 10 small partner companies in the nationalized oil industry if they fail to meet the state's demands to increase production.

India, China Agree to Jointly Explore Energy Assets Overseas
Tuesday, June 19, 2012 ONGC and China National Petroleum will jointly explore assets in other countries, while cementing existing partnerships in Myanmar, Syria and Sudan.

China Oil Cos Eyeing Iraq's 2nd Round Oil, Gas Auction
Tuesday, July 07, 2009 China's state-owned oil companies are eyeing a second round of auctions of major untapped oil and gas fields in Iraq later this year, but commercial terms are still key.

Chinese Foreign Minister Visits Turkmenistan to Discuss Gas Project
Wednesday, September 03, 2008 On August 30, Chinese Foreign Minister Yang Jiechi paid a visit to CNPC Amu Darya River Natural Gas Corporation, accompanied by Lu Guicheng, Chinese Ambassador to Turkmenistan to discuss the Amu Darya River gas project.

Ecuador, Andes Petroleum Likely to Sign New Production Contract
Monday, July 28, 2008 Ecuador's government and China-based oil company Andes Petroleum Ecuador Ltd. will likely sign a new one-year transitory production contract in the first week of August.

CNCP Successfully Completes Drilling on Deepest Onshore Well in China
Friday, July 25, 2008 CNCP reported that drilling of the Moshen-1, the deepest onshore risk exploration well in China, was completed, which has resulted in a significant geologic discovery and will promote the progress of China's ultra-deep well drilling.

Iraq Oil Min: 35 Of 120 Cos Qualified To Bid For Deals
Monday, April 14, 2008 Thirty-five international oil companies are qualified to bid for future oil and gas contracts to develop one of the world's largest oil fields.

CNPC Successfully Develops Drilling Rig for 12,000-meter Wells
Monday, December 03, 2007 Baoji Oilfield has manufactured a drilling rig for 12,000-meter wells capable of operating in extreme temperatures.

Peru Energy Min: China Oil Co Finds Crude in Northern Jungle
Friday, March 30, 2007 Peru's Energy and Mines Minister Juan Valdivia said late Thursday that a unit of the China National Petroleum Corp. has discovered crude oil in the northern jungle region.

Honduras Aims to Have Updated Hydrocarbons Info in 1Q07
Monday, September 25, 2006 Honduras' energy department aims to have updated information on the country's hydrocarbons potential ready in the first quarter next year, a department official told BNamericas.

Arawak Inks E&P Contract for Alimbai Block in Kazakhstan
Wednesday, December 14, 2005 Arawak Energy has signed a contract for the exploration and production of hydrocarbons for the Alimbai field, between the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan.

CNPC Makes Discovery in Sudan
Friday, July 25, 2003 China National Petroleum Corp. has made an oil discovery of 2 billion barrels in Sudan's Malut basin.

CNPC Abandons Plans to Develop Muradkhanly Block
Friday, July 11, 2003 CNPC has abandoned its plans to develop the Muradkhanly onshore block in Azerbaijan.

Fortune Oil Takes Stake in CNPC Pipelines
Friday, June 27, 2003 Fortune has agreed to take up to an 80 percent share in a joint venture with China National Petroleum Corporation, which will own and operate four distribution pipelines.

China & Russian Ink Long-Term Pipeline Deal
Thursday, May 29, 2003 China and Russia have agreed on the final key deals paving the way for a US$2.5 billion oil pipeline that will link Siberia and China.

CNPC May Acquire Stake in Liman Block in Kazakhstan
Wednesday, May 07, 2003 Aurado Exploration says that CNPC is interested in acquiring a stake in its Liman Block in western Kazakhstan.

Kazakhstan Starts Phase One of Kenkiyak-Atyrau Pipeline
Friday, March 28, 2003 Oil has begun flowing through the first phase of the Kenkiyak-Atyrau pipeline that will link fields in the western Kazakhstan to markets in Central Asia.

CNPC to Focus Exploration Efforts to the North and West
Friday, March 28, 2003 Over the next three years China National Petroleum Corp. will focus its exploration efforts in the northern and western regions of China.

China to Develop MEOR Technology to Enhance Recovery
Wednesday, March 26, 2003 In an effort to increase oil recovery, China is going to spend more time on developing its MEOR (microbial enhanced oil recovery) technology.