CNPC Company News
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CNPC Shuns Venezuela Oil on Tighter US Sanctions
Friday, August 16, 2019 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.
CNPC Plans Internal Consolidation To Fast-Track Gas Storage Upgrade
Friday, June 01, 2018 CNPC plans to consolidate billion-dollar underground gas storage assets into one business to expedite an infrastructure upgrade.
Total at Risk of Losing Gas Field Stake to CNPC If It Quits Iran
Monday, May 07, 2018 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.
China's CNPC Sells First Gasoline To Americas As Fuel Stocks Hit Record
Tuesday, April 03, 2018 CNPC says it has sold its first ever gasoline to the Americas.
China's Domestic LNG Plants Reopen After Shutdowns As Heating Crisis Eases
Wednesday, February 28, 2018 At least 10 of China's domestic LNG plants have resumed output in the past week.
With CNPC Deal, Cheniere's Train 3 at Corpus Christi Becomes More Likely
Friday, February 09, 2018 CNPC unit to buy roughly 1.2 mtpa of LNG through 2043.
Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO
Wednesday, November 15, 2017 Petrobras CEO Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp.
CNPC Plans to Cut Gas Supplies to Industrial Users-State Media
Monday, November 06, 2017 CNPC expects natural gas shortages this winter.
China's CNPC Starts Third Natural Gas Pipeline To Shanghai
Friday, October 13, 2017 China National Petroleum Corporation has started operating the third natural gas pipeline into Shanghai.
Eni Inks Cooperation Deal With China's CNPC
Wednesday, September 13, 2017 Eni signed a cooperation agreement with CNPC in a move that could give the Italian oil major greater access to the Chinese market.
CNPC, Guangdong Sign Strategic Deal On S. China Sea Methane Hydrate
Monday, August 28, 2017 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.
China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow
Friday, May 26, 2017 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.
China to Complete Russia Pipeline Sections by End-2018 -Official
Tuesday, May 16, 2017 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.
China, Saudis Said to Discuss CIC, CNPC Stake in Aramco IPO
Thursday, March 16, 2017 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.
Abu Dhabi Awards China's CEFC 4% Of Oil Concession For $900MM
Monday, February 20, 2017 Abu Dhabi awards the final 4% interest in its onshore oil concession.
Gazprom, CNPC Broaden Strategic Energy Cooperation
Thursday, February 16, 2017 Russia's Gazprom agrees to broaden its strategic cooperation in the energy sector with China's CNPC.
China To Tender More Xinjiang Oil, Gas Blocks To Non-State Firms
Monday, January 23, 2017 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.
China's CNPC Forecasts Record Oil Demand, Warns On Product Glut
Thursday, January 12, 2017 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.
Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects
Tuesday, January 03, 2017 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.
China's CNPC To Relocate HQ Staff, Not Layoff
Friday, December 16, 2016 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.
CNPC Plans To Cut HQ Staff By 20% In Efficiency Drive
Wednesday, December 14, 2016 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.
Russia's Yamal LNG Gets 750M Euros In Credit Line From Intesa
Monday, December 12, 2016 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.
Kazakhstan's Giant Kashagan Oil Field Begins Commercial Output
Monday, November 21, 2016 Kazakhstan's giant Kashagan oil field starts commercial output, a milestone for the repeatedly delayed $55 billion project.
Eni Board Authorizes Investment for First Phase of Coral Discovery
Friday, November 18, 2016 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.
Kazakhstan's Kashagan Produces 201,000 Tons Of Oil In October
Monday, November 14, 2016 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.
PetroChina Expands Receiving Capacity of LNG Terminals
Tuesday, November 08, 2016 PetroChina starts up new storage tanks for LNG in order to get ready to meet winter demand for the heating fuel, according to officials.
Gazprom, CNPC, CDBC Sign Documents for Wider Energy Cooperation
Tuesday, November 08, 2016 Gazprom, CNPC, and China Development Bank Corporation have signed a number of documents for wider energy cooperation.
CNPC's Natgas Block In Peru Likely Has 3-4 TCF In Reserves
Wednesday, October 19, 2016 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.
China September Crude Output In Second-Biggest Decline On Record
Wednesday, October 19, 2016 China's crude oil production fell 9.8% in September from a year earlier, marking the second-biggest year-on-year decline on record.
CNPC Selling $11B In Financial Assets To Listed Unit In Reform Push
Tuesday, September 06, 2016 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.
BP Inks Second PSC with CNPC
Thursday, September 01, 2016 BP signs a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation (CNPC).
Iran Likely to Grant Development of 2 Oil Fields to China's CNPC, Sinopec
Wednesday, August 24, 2016 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.
China Set to be the World's 2nd Largest Shale Gas Producer by 2040
Wednesday, August 17, 2016 China is poised to be the world's second largest shale gas producer by 2040, according to the U.S. Energy Information Administration.
China's CNPC Starts Laying Fourth Shaanxi-Beijing Gas Pipeline
Friday, August 12, 2016 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.
State Media: China's CNPC To Cut 2016-2020 Annual Investment By Around 40%
Wednesday, July 27, 2016 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.
AAG Energy Achieves Production Milestones at China's CBM Concessions
Thursday, July 07, 2016 AAG Energy achieves production milestones at Panzhuang and Mabi coal bed methane concessions in China's Shanxi Province.
Rosneft's Sechin Says China Ties Boosted With New Deals, Routes
Monday, June 27, 2016 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.
Putin Said To Weigh $11B Rosneft Sale To China And India
Monday, June 20, 2016 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.
Chevron To Ramp Up Gas Production In China's Southwest Chuandongbei Project
Tuesday, June 07, 2016 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.
CNPC Gears Up for Increased Natural Gas Role in China in Next 5 Years
Monday, June 06, 2016 China National Petroleum Corp. prepares for greater role natural gas will play in China in the next five years.
CNPC Plans Backdoor Listing of Engineering Arm Amid Shakeup
Friday, May 27, 2016 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.
CNPC, ENH to Cooperate on Oil & Gas Projects in Mozambique
Tuesday, May 24, 2016 China National Petroleum Corp. (CNPC) and Mozambique's Empresa Nacional de Hidrocarbonetos (ENH) sign oil and gas cooperation agreement.
China's Cheaper Coal Seen Slowing Switch To Cleaner Natural Gas
Friday, May 20, 2016 China's effort to promote natural gas over coal to cut pollution is facing resistance from buyers who prefer cheaper to cleaner.
No Big Bang, But Quiet Reforms Reshaping China's Oil And Gas Sector
Thursday, May 12, 2016 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.
Kunlun Energy Seeks To Sell Upstream Assets And Buy Tangshan LNG
Thursday, May 12, 2016 Kunlun Energy, a unit of China National Petroleum Corp., plans to sell upstream assets and may buy an LNG terminal from its parent as the company shifts focus to gas distribution, Chairman Huang Weihe says.
China's Biggest Oil Company Posts 52% Decline In 2015 Profit
Thursday, April 28, 2016 China National Petroleum Corp., the country's biggest oil and gas producer and the parent of PetroChina, says profit fell 52 percent as lower oil prices punished global explorers.
Russia's Novatek Says Yamal LNG Unlikely To Get Chinese Loans In May
Tuesday, April 26, 2016 Leonid Mikhelson, the head of No.2 Russian gas producer Novatek, says the Yamal LNG project is unlikely to get loans from China next month.
China's CNPC Oil, Gas Output To Reach 300 MT Of Oil Equivalent By 2020
Tuesday, April 26, 2016 CNPC says its oil and gas output will reach 300 million tons of oil equivalent a year by 2020.
BP, CNPC Sign First PSC for Shale Gas Exploration in China
Thursday, March 31, 2016 BP and China National Petroleum Corporation sign the first production sharing contract for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, China.
China Joins India Seeking Better LNG Terms As Contracts Weaken
Friday, March 11, 2016 China's biggest energy company joins India in seeking to renegotiate long-term liquefied natural gas supply contracts amid a global glut that's driving spot prices to the lowest in more than five years.