Sinochem Company News

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China's Surging Gasoline Exports Hurting Regional Refiners
Tuesday, January 15, 2019Fitch Solutions Macro Research identifies factors driving growth in China's gasoline exports.

China's Sinochem Energy Files For $2B Hong Kong Listing
Tuesday, July 31, 2018Sinochem Energy has filed for a Hong Kong initial public offering (IPO) of about $2 billion.

China's Sinochem Ties Up With Private Chemical Group In Oil Trading
Wednesday, January 10, 2018Sinochem Group has agreed on a framework deal with China's private chemical giant Hengli Group.

Sinochem Names Zhang Wei As General Manager
Monday, November 07, 2016China has appointed Zhang Wei as general manager of oil and chemicals conglomerate Sinochem, said the state-owned company in a statement on Monday.

Statoil Awards Wood Group Contracts for Brazil's Offshore Peregrino Project
Tuesday, September 22, 2015Statoil awards operations, maintenance and modification services contracts to Wood Group for the Peregrino project in the Campos Basin, offshore Brazil.

Peregrino Field Offshore Brazil Produces 100 Million Barrels of Oil
Tuesday, August 04, 2015Statoil announces that the Peregrino field in the Campos basin offshore Brazil has produced 100 million barrels of oil, since April 2011.

Expect China to Yearn for More US Shale
Friday, July 10, 2015Despite slowdown in heated investment from overseas in North American oil and gas, interest still looms behind the Great Wall of China.

PetroChina Teams Up With Sinochem To Tap Chinese Shale Gas
Thursday, December 04, 2014PetroChina teams up with Sinochem to tap shale gas from five blocks in the southwest of China, the state-run companies said.

Brazil Regulator to Mull Revoking Block Rights of Batista Oil Company
Tuesday, January 28, 2014Brazil's ANP oil regulator will decide over the next 60 days whether to revoke the exploration rights for blocks controlled by Oleo e Gas Participacoes SA, the ailing oil company of Brazilian industrialist Eike Batista.

Statoil, Sinochem Consider Expanding Brazil Offshore Oil Field
Wednesday, October 09, 2013Statoil and Sinochem may expand their offshore Peregrino area in Brazil, a Statoil official told Reuters on Tuesday, boosting expectations for an oilfield that is already the top foreign-run producer in the country.

ONGC Videsh Seeks to Raise its Stake in Block BC-10
Thursday, September 19, 2013ONGC Videsh exercises right to acquire part of Petrobras' stake in Block BC-10 in the Campos Basin off Brazil, according to an Indian media report.

Sources: ONGC, Shell to Pre-Empt Petrobras Oil Block Stake Sale to Sinochem
Friday, September 13, 2013Shell and ONGC plan to exercise their pre-emption rights to buy a 35% stake in a Brazilian oil block that Petrobras had planned to sell to Sinochem Group, two sources say.

Pioneer Natural Sells Acreage in Wolfcamp Shale for $1.7B
Wednesday, January 30, 2013Pioneer Natural agrees to sell 40% of its stake in approx. 207,000 net acres leased in the horizontal Wolfcamp Shale play to Chinese conglomerate Sinochem Group for $1.7 billion.

Brazil Regulators OK Sinochem Stake Buy in Offshore Blocks
Monday, October 22, 2012ANP approves Sinochem's purchase of a 10% stake in five offshore blocks as the state-run company continues its expansion into Latin America's hottest oil frontier.

China's Sinochem Interested in Investing in Alberta
Tuesday, September 13, 2011Looking beyond Alberta's rich deposits of oil sands, China's state-owned Sinochem Group energy giant is looking to invest in the province's rich oil and natural gas sector.

Petrobas Inks MOU with Chinese Oil Cos
Friday, April 15, 2011Petrobras has signed an MOU with Sinochem Corporation and a General Technological Cooperation Agreement (GTCA) with Sinopec.

Sinochem, Statoil to Jointly Develop Peregrino Field
Friday, June 11, 2010Sinochem and Statoil signed MoU that will foster cooperation and long term experience sharing between the two companies.

CNOOC, Sinochem Bid for Statoil's Stakes Offshore Brazil
Wednesday, May 12, 2010Cnooc and Sinochem have submitted separate bids for Statoil's stakes in a large offshore oil field in Brazil.

CNOOC, Sinochem Sign Initial Agreement with Iraqi Oil Ministry
Monday, March 08, 2010A consortium led by CNOOC has signed an initial agreement with the Iraqi oil ministry to develop the 2.5 billion-barrel Missan oil field complex.

Chinese Cos Expected to Close on Iraqi Oil Deal - Officials
Thursday, March 04, 2010A consortium led by CNOOC is expected to be awarded Iraq's 2.5 billion-barrel Missan oil-field complex after agreeing to Iraqi government proposals.

Iraq's Giant Majnoon Oil Field to Top Friday's Auction
Monday, December 07, 2009Iraq's super-giant Majnoon will be the first in the 10 groups of oil and gas fields the country is offering to international oil companies in its second post-war licensing auction.

La Cortez Updates on Colombian Maranta, Putumayo-4 Blocks
Wednesday, November 04, 2009La Cortez has provided an operational update for production developments in the Maranta and Putumayo-4 blocks, onshore Colombia.

Sinochem Seeks Acquisition of Emerald Energy
Wednesday, August 12, 2009Sinochem Resources UK Limited is proposing an all cash acquisition of Emerald Energy, which has attractive assets in both Syria and Colombia.

Total to Decide on China Sulige Gas Investment in Mid-2009
Wednesday, November 26, 2008Total expects to make a final investment decision on a major natural gas block in northern China in mid-2009 after submitting a development plan to CNPC. The company plans to drill around 2,000 wells at South Sulige over the life of the field.

Indonesia Awards 22 Oil, Gas Blocks to Boost Exploration, Output
Friday, October 17, 2008The Indonesian government Friday awarded 22 new oil and gas blocks to investors, out of the 25 it offered for bids, the Ministry of Energy and Mineral Resources said.

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

Sinochem to Buy SOCO Yemen for $465M
Monday, February 04, 2008SOCO International announced that it has entered into a conditional sale and purchase agreement for the sale of its wholly owned subsidiary SOCO Yemen Ltd to Sinochem Petroleum Ltd for about $465 million.

China's Sinochem to Bid for Devon's Egypt Oil Blocks
Wednesday, February 28, 2007China National Chemicals Import & Export Corp., or Sinochem, will bid for the oil assets of U.S. company Devon Energy in Egypt, a Sinochem official said Wednesday.

Global Wins $31M UAQ Contract from Sinochem
Tuesday, December 19, 2006Global Industries has been awarded an approximately $31 million contract from a wholly owned subsidiary of Sinochem Corp., and the Ras Al Khaimah Gas Commission for works associated with developing the UAQ gas condensate field in the UAE.

Oudna Field Reaches 20,000 Bopd Target Production
Tuesday, December 19, 2006Lundin Petroleum and Atlantis Holding Norway AS report that gross oil production from the Oudna field offshore Tunisia is now in excess of 20,000 bopd following the successful commissioning of water injection and artificial lift facilities.

Lundin Begins Production at Oudna Field
Tuesday, November 14, 2006Lundin Petroleum and Sinochem report that oil production commenced from the Oudna field, offshore Tunisia on November 11, 2006.

Lundin: Tunisia's Oudna Field to Come Onstream in Q3
Thursday, July 06, 2006Lundin Petroleum and Atlantis Holding Norway AS, a subsidiary of Sinochem E&P, said that first production of oil from the Oudna field offshore Tunisia is scheduled for September 2006.

SPD Wins Sinochem UAE Contract
Thursday, April 06, 2006SPD Well Project Management recently won the contract to plan and manage Sinochem's first wholly owned upstream construction project in the UAE.

Sinochem Buys Acquires Stake in Block 16 in Ecuador
Monday, December 15, 2003Sinochem has bought a 14% stake in Block 16 in Ecuador for $100 million.

Sinochem Subsidiary Makes Gas Discovery in Oman
Wednesday, September 24, 2003Sinochem's subsidiary, Atlantis Oman, is drilling a gas reservoir in northern Oman on Block 40 that holds up to 300 billion cubic feet of natural gas.