CNPC Company News

Recent Articles

Results 50 articles shown

NOCs to Fill Void as Majors Retreat from Oil and Gas
National oil companies are largely shielded from shareholder pressures.
8:00 PM EST | June 08, 2021
Documents Show China Imports Embargoed Venezuelan Crude
It may be the oil market's worst-kept secret.
7:00 PM EST | January 21, 2021
Will Exxon Sell Iraq Field Stake to Chinese Firms?
Such a deal reportedly could fetch at least $500 million.
7:00 PM EST | November 19, 2020
TechnipFMC Wins Brazil Subsea Contract
Petrobras has awarded TechnipFMC an EPIC contract for the Libra Consortium’s Mero 2 project.
8:00 PM EST | August 20, 2020
ADNOC Adds Chinese Firm to Offshore Concessions
The above image shows the Umm Shaif concession. PHOTO SOURCE: ADNOC
8:00 PM EST | July 27, 2020
Refiners Shun Venezuelan Crude
India's largest private refinery halted purchases of Venezuelan oil, putting additional pressure on the Latin American country’s beleaguered oil industry.
8:00 PM EST | June 25, 2020
Schlumberger Launches Tech Agreement With CNPC Logging
The partnership will enable the companies to co-manufacture wireline downhole technology.
8:00 PM EST | June 15, 2020
CNPC Shuns Venezuela Oil on Tighter US Sanctions
China's biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation.
8:00 PM EST | August 15, 2019
CNPC Plans Internal Consolidation To Fast-Track Gas Storage Upgrade
CNPC plans to consolidate billion-dollar underground gas storage assets into one business to expedite an infrastructure upgrade.
8:00 PM EST | May 31, 2018
Total at Risk of Losing Gas Field Stake to CNPC If It Quits Iran
Total, the only Western energy major investing in Iran, will lose its stake in the South Pars natural gas field to its Chinese partner if the Paris-based company withdraws from the country.
8:00 PM EST | May 06, 2018
China's CNPC Sells First Gasoline To Americas As Fuel Stocks Hit Record
CNPC says it has sold its first ever gasoline to the Americas.
8:00 PM EST | April 02, 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
With CNPC Deal, Cheniere's Train 3 at Corpus Christi Becomes More Likely
CNPC unit to buy roughly 1.2 mtpa of LNG through 2043.
7:00 PM EST | February 08, 2018
Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO
Petrobras CEO Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp.
7:00 PM EST | November 14, 2017
CNPC Plans to Cut Gas Supplies to Industrial Users-State Media
CNPC expects natural gas shortages this winter.
7:00 PM EST | November 05, 2017
China's CNPC Starts Third Natural Gas Pipeline To Shanghai
China National Petroleum Corporation has started operating the third natural gas pipeline into Shanghai.
8:00 PM EST | October 12, 2017
Eni Inks Cooperation Deal With China's CNPC
Eni signed a cooperation agreement with CNPC in a move that could give the Italian oil major greater access to the Chinese market.
8:00 PM EST | September 12, 2017
CNPC, Guangdong Sign Strategic Deal On S. China Sea Methane Hydrate
CNPC said the trial prospecting of the deep-sea gas resource, also known as 'flammable ice', will be in the Shenhu area of the South China Sea.
8:00 PM EST | August 27, 2017
China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow
The move by China's so-called "teapots", a key driver of the country's crude appetite, will stir concerns about demand in the world's top oil buyer.
8:00 PM EST | May 25, 2017
China to Complete Russia Pipeline Sections by End-2018 -Official
China is expected to complete the sections of the massive Russian oil and gas pipelines that lie in the northeastern province of Heilongjiang by the end of next year, a top provincial official said.
8:00 PM EST | May 15, 2017
China, Saudis Said to Discuss CIC, CNPC Stake in Aramco IPO
China's in talks with Saudi Arabia for its sovereign wealth fund and largest energy company to invest in the initial public offering of the Middle East nation's state oil producer, according to sources.
8:00 PM EST | March 15, 2017
Abu Dhabi Awards China's CEFC 4% Of Oil Concession For $900MM
Abu Dhabi awards the final 4% interest in its onshore oil concession.
7:00 PM EST | February 19, 2017
Gazprom, CNPC Broaden Strategic Energy Cooperation
Russia's Gazprom agrees to broaden its strategic cooperation in the energy sector with China's CNPC.
7:00 PM EST | February 15, 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 CNPC Forecasts Record Oil Demand, Warns On Product Glut
China's crude oil demand will grow by 3.4% this year to a record of almost 12 million barrels per day as refiners in the world's second-biggest oil user ramp up output.
7:00 PM EST | January 11, 2017
Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects
The National Iranian Oil Company (NIOC) revealed that several European oil and gas companies will be eligible to bid for the country's new oil and gas projects.
7:00 PM EST | January 02, 2017
China's CNPC To Relocate HQ Staff, Not Layoff
China National Petroleum Company's plan to trim staff at its Beijing headquarters was about relocating jobs instead of real layoffs, a company spokesperson and an independent board director said on Friday.
7:00 PM EST | December 15, 2016
CNPC Plans To Cut HQ Staff By 20% In Efficiency Drive
China National Petroleum Company plans to cut staff at its Beijing headquarters by 20%, the company said in a post on its social media blog on Tuesday.
7:00 PM EST | December 13, 2016
Russia's Yamal LNG Gets 750M Euros In Credit Line From Intesa
Russia's Yamal LNG project, which aims to start producing liquefied natural gas next year, said on Monday it had obtained a 14.5-year credit line worth 750 million euros ($796 million) from Intesa Sanpaolo bank.
7:00 PM EST | December 11, 2016
Kazakhstan's Giant Kashagan Oil Field Begins Commercial Output
Kazakhstan's giant Kashagan oil field starts commercial output, a milestone for the repeatedly delayed $55 billion project.
7:00 PM EST | November 20, 2016
Eni Board Authorizes Investment for First Phase of Coral Discovery
Eni's board of directors authorizes the investment for the first phase of the development of the Coral discovery, located in the deep waters of the Rovuma Basin offshore Mozambique.
7:00 PM EST | November 17, 2016
Kazakhstan's Kashagan Produces 201,000 Tons Of Oil In October
Kazakhstan's Kashagan oil field produced about 201,000 tons of oil in October, its first full month of operation, data from the Energy Ministry's analytical center showed.
7:00 PM EST | November 13, 2016
PetroChina Expands Receiving Capacity of LNG Terminals
PetroChina starts up new storage tanks for LNG in order to get ready to meet winter demand for the heating fuel, according to officials.
7:00 PM EST | November 07, 2016
Gazprom, CNPC, CDBC Sign Documents for Wider Energy Cooperation
Gazprom, CNPC, and China Development Bank Corporation have signed a number of documents for wider energy cooperation.
7:00 PM EST | November 07, 2016
CNPC's Natgas Block In Peru Likely Has 3-4 TCF In Reserves
China National Petroleum Corporation Corp likely has 3-4 trillion cubic feet of proven natural gas reserves in an energy block it operates in southern Peru, Peru's president said Tuesday.
8:00 PM EST | October 18, 2016
China September Crude Output In Second-Biggest Decline On Record
China's crude oil production fell 9.8% in September from a year earlier, marking the second-biggest year-on-year decline on record.
8:00 PM EST | October 18, 2016
CNPC Selling $11B In Financial Assets To Listed Unit In Reform Push
China National Petroleum Corp. (CNPC), the country's largest state energy group, will sell $11 billion worth of financial assets to a listed unit as part of the state giant's reform plan to restructure its non-core businesses.
8:00 PM EST | September 05, 2016
BP Inks Second PSC with CNPC
BP signs a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation (CNPC).
8:00 PM EST | August 31, 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 Set to be the World's 2nd Largest Shale Gas Producer by 2040
China is poised to be the world's second largest shale gas producer by 2040, according to the U.S. Energy Information Administration.
8:00 PM EST | August 16, 2016
China's CNPC Starts Laying Fourth Shaanxi-Beijing Gas Pipeline
CNPC starts laying the fourth Shaanxi-Beijing gas pipeline, a major project that will help increase natural gas supply to China's north-eastern region.
8:00 PM EST | August 11, 2016
State Media: China's CNPC To Cut 2016-2020 Annual Investment By Around 40%
China National Petroleum Corp. (CNPC) will cut its annual investment between 2016 and 2020 to about $39 billion, down around 40 percent from the 2011-2015 period, state media says.
8:00 PM EST | July 26, 2016
AAG Energy Achieves Production Milestones at China's CBM Concessions
AAG Energy achieves production milestones at Panzhuang and Mabi coal bed methane concessions in China's Shanxi Province.
8:00 PM EST | July 06, 2016
Rosneft's Sechin Says China Ties Boosted With New Deals, Routes
Rosneft, the state-run producer that has helped turn Russia into the top oil supplier to China, aims to secure its hold by reaching out to new clients and establishing new delivery routes amid toughening competition and stretched infrastructure.
8:00 PM EST | June 26, 2016
Putin Said To Weigh $11B Rosneft Sale To China And India
Vladimir Putin is considering selling part of Russia's corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years.
8:00 PM EST | June 19, 2016
Chevron To Ramp Up Gas Production In China's Southwest Chuandongbei Project
Chevron's fully-owned subsidiary Unocal East China Sea will ramp up production in the Luojiazhai and Gunziping gas fields, its biggest investment in China, the firm says.
8:00 PM EST | June 06, 2016
CNPC Gears Up for Increased Natural Gas Role in China in Next 5 Years
China National Petroleum Corp. prepares for greater role natural gas will play in China in the next five years.
8:00 PM EST | June 05, 2016
CNPC Plans Backdoor Listing of Engineering Arm Amid Shakeup
China National Petroleum Corp., the country's biggest oil and gas producer, plans a backdoor listing of its engineering assets through a Shanghai-listed petrochemical material supplier and processor it controls.
8:00 PM EST | May 26, 2016
CNPC, ENH to Cooperate on Oil & Gas Projects in Mozambique
China National Petroleum Corp. (CNPC) and Mozambique's Empresa Nacional de Hidrocarbonetos (ENH) sign oil and gas cooperation agreement.
8:00 PM EST | May 23, 2016
China's Cheaper Coal Seen Slowing Switch To Cleaner Natural Gas
China's effort to promote natural gas over coal to cut pollution is facing resistance from buyers who prefer cheaper to cleaner.
8:00 PM EST | May 19, 2016