In the Chinese New Year of Rabbit, welcome to the thousand-year-old Langzhong, the cradle of the Spring Festival culture in Chinas Sichuan Province. LONDON (Reuters) - London employees at Unipec, the trading arm of Chinas state oil firm Sinopec, have been told to work from home after an employee exhibited coronavirus-like symptoms, a source familiar with the matter said. Founded in 1995, UNIPEC is China's largest trading company and has established business. Sinopec is one of the world's. Equinor to acquire equity interest in five North Sea discoveries, McDermott, Sinopec consortium land EPCC contract for TotalEnergies' Tilenga project. It is listed in Hong Kong and also trades in Shanghai. Formal contract award remains subject to Tilenga Partners approval. "This is a momentous and essential project for Uganda for the development of its national companies and citizensand as we continue to grow our footprint in Africa, we are committed to expanding local content opportunities in the communities in which we operate.". Exclusive contributions come from Rystad Energy, Archer, Weatherford, Halliburton, CGG, NOV, TETRA Technologies, Clariant and more. Brits are braced for chilly weather after the forecaster predicted more wintry conditions this month. [19] Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. Tilenga includes six oilfields and will feature 426 oil wells at full production. due by 2019 Repsol Sinopec Resources UK Limited. 13 Jan 1995, 03 Nov 1964 - (19 January 2022). See here for a complete list of exchanges and delays. (1 June 2022). It arose from the acquisition, in 2015, by Repsol, of the global assets of the former Talisman Energy Inc, including its 51% equity interest in the joint venture, previously called Talisman Sinopec Energy UK. On 17 December 2012 Talisman Energy UK announced Sinopec has invested $1.5 billion in a 49 percent stake of Talisman's North Sea properties. [44], The former head of the companies board of directors Chen Tonghai was sentenced to death in July 2009 after beeing accused of corruption. . [24] Daylight was renamed Sinopec Daylight Energy Ltd. after it was taken over in December 2011. We use cookies to make our services work and collect analytics information. [25], On 11 November 2011 Sinopec announced that the company will invest $5.2 billion in buying a 30 percent stake in the Brazilian unit of Galp Energia SGPS SA which discovered biggest reserved in the western hemisphere since 1976.[26]. The Site, Services and Content (defined below) may be changed or updated from time to time without notice. Employees were asked to stay home until more is known as a precaution, the source said. China Petrochemical Technology Company, Ltd. China Petrochemical International Co., Ltd.(SINOPEC Intl Co., Ltd.), SINOPEC Exploration & Production Research Institute, SINOPEC Research Institute of Petroleum Processing, SINOPEC Fushun Research Institute of Petroleum and Petrochemicals, SINOPEC Shanghai Research Institute of Petrochemical Technology, SINOPEC Qingdao Safety Engineering Institute, SINOPEC Research Institute of Petroleum Engineering. Is The Price Cap On Russian Crude Working? 30 September 2023, Last accounts made up to [38], China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. China Petroleum & Chemical Corp (Sinopec) said on Monday that it plans to delist from London Stock Exchange, with market observers saying that other mainland Chinese companies could exit. [20] In the African nation of Gabon, Sinopec's joint ventures in oil exploration have been accused of violating environmental conventions by the government of Gabon. Over the past year, Sinopec has continuously intensified exploration activities and reaped top ten discoveries, adding 202 million tonnes of proven oil reserves and 278.6 BCM of proven natural gas reserves, delivering far beyond the annual target of the 7-year action plan and playing its role in ensuring national energy supply. Over the past 21 years, Sinopec has been contributed to the economic growth and well-being in Saudi Arabia. "China Sinopec tenders to sell up to 45 LNG cargoes for 2022". The rebels, the Ogaden National Liberation Front (ONLF), later released the seven abductees and warned foreign companies against working in the area. [21], On 13 April 2010 the company announced acquisition of Conoco Phillips's 9% stake in the Canadian oil sand firms, Syncrude, for $4.65bn. One of the three blocks, LT2000, is some 200 kilometers (120mi) southeast of Gabon's economic hub, Port Gentil, which lies south of the capital, Libreville, on the Atlantic coast. The other two DR200 and GT2000 - are around 100 kilometres (62mi) northeast of Port Gentil, according to the Gabonese oil ministry. As of Monday, more than 60 countries had reported coronavirus cases and the markets, including the oil market, fear a significant slowdown in economic activity and global oil demand growth. And it co It also produces ethanol and several biofuels such as biodiesel and green jet fuel, from waste vegetable oil.[6][7]. This Website is constructed by China Petrochemical Corporation. The UK is set to have another cloudy day with some showers in a few pockets on the first day of March as the Met Office forecasted a spell of wintry weather this month. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint. An oil pipeline explosion on Friday, 22 November 2013, in Qingdao, Shandong province killed at least 62 people, injuring 136, and displacing hundreds more after oil previously leaking onto a street during the day ignited. [33][34], In 2004, Sinopec prospected for oil in the 1,550 square kilometers of Loango National Park in southern Gabon and encountered criticism for what domestic and foreign environmental critics said were poor and damaging methods. We use some essential cookies to make our services work. Chevron had sent staff to work from home as a precautionary measure to reduce the risk of potential exposure to the coronavirus, the U.S. supermajor said early last week. The field operator responsible for the area's redevelopment plan is Repsol Sinopec Resources UK. Contact tech support. Headquarters China Address No. Xi Jinping Doesnt Love Them Back, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Iran Schoolgirls Targeted by MorePoison Attacks, Sparking Protests, EU Seeks to Salvage Combustion-Engine Ban After Germany Balks, Gas Stoves Are One Step Closer to New Rules, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Sinopec said it had no plans to pull out of the resource-rich region despite the attack. He was relieved of post in 2007. [41], In November 2021, construction of a green hydrogen plant in Kuqa city began. Our people are the key to our success, and unlocking your potential is the key to unlocking ours. A consortium of a subsidiary of McDermott International, Ltd and Sinopec International Petroleum Service Corp. has received a conditional Letter of Award for the future contract valued at approximately US$2 billion from TotalEnergies for the Tilenga project. Sinopec Group is the largest oil and petrochemical products suppliers and the second largest oil and gas producer in China,. Choose our premium Central London office at 167-169 Great Portland Street, W1. In December 2005, Petrodar announced that its first shipment of crude oil would be shipped from Sudan in January 2006. more Sinopec Corp China Petroleum & Chemical Corporation is a vertically integrated energy & chemical company that is engaged in oil & gas exploration and production. Please read carefully the following terms Technical support : Pcitc information technology Co., LTD. Copyright China Petrochemical Corporation, Petroleum Engineering Technology Services, Refining and Chemical Engineering Services, 22 Chaoyangmen North Street, Chaoyang District, Beijing, China. State Environmental Protection Administration, an explosion at an abandoned Sinopec plastics and chemicals factory, "Wang Yupu > About Sinopec > Our Company > Board_of_directors", http://english.sinopec.com/about_sinopec/our_company/leadership/executive_committee/20080327/3119.shtml, http://www.sinopec.com/listco/en/investor_centre/reports/2017/20180325/news_20180325_819686549827.shtml, "Sinopec company prepares to produce green jet fuel | Biofuels International Magazine", "Quick facts: Petrochina vs. Sinopec and CNOOC", "Sinopec to pay $1.5 billion for parent's oil, gas assets", "Apache sells Egyptian oil stake to Sinopec for $3.1 billion, forms global JV", "China sells Sinopec oil stake to MCC Oil & Gas for $9.3 billion, forms global JV", "Sinopec signs evaluation deal for three oil blocks in Gabon", https://finance.yahoo.com/news/Addax-Petroleum-announces-cnw-268197338.html?x=0&.v=1, "China condemns raid on Sinopec oil field in Ethiopia - Radio86.co.uk", "Addax completes acquisition of Shell's stake in Pecten", "An MBendi Profile Organisation: Pecten Cameroon Company", "Aramco, Sinopec, Exxon sign Fujian refinery deal", "China's Sinopec, Total Gabon Sign Oil Deal", "China's Sinopec 'illegally' destroying Gabon", "UPDATE 1-Canada clears Sinopec to buy Syncrude stake", "Sinopec makes C$2.2bn bid for Canada's Daylight", "Sinopec makes $1.5bn investment in North Sea", "China's Sinopec sells Myanmar energy stake to Taiwan's CPC", "Sinopec signs China's largest long-term LNG contract with U.S. firm", "Sinopec signs huge LNG deals with US producer Venture Global", "Aramco and Sinopec to work on downstream projects in China", "Gabon/DRC: Chinese companies in the extractive Industries", "Official: 3rd attempt to cap SW China gas leak succeeds", http://www.chinacsr.com/2008/02/05/2086-sinopec-guangzhou-receives-warning-for-pollution/, "Sinopec starts construction of green hydrogen plant in Xinjiang - Xinhua", "Sinopec's green hydrogen ambitions: Five-year growth plan crucial to refiner's transition | Upstream Online", "Ex-Direktoriums-Chef von Sinopec in China zum Tode verurteilt", China Petroleum and Chemical Corporation, Sinopec, https://en.wikipedia.org/w/index.php?title=Sinopec&oldid=1142196699, This page was last edited on 1 March 2023, at 01:28. It will consist of 31 well pads connected to a central processing facility (CPF) via buried flowlines. Three onshore fields were to be explored. Upstream project news London 3. Are you familiar with our STEM initiatives? SINOPEC Zhongyuan Petrochemical Corp. Ltd. SINOPEC Zhanjiang Dongxing Petrochemical Company Limited, SINOPEC Shijiazhuang Refining & Chemical Company, Sinopec Refinery Product Sales Company Limited, Sinopec Yizheng Chemical Fibre Company Limited, Sinopec Yangzi Petrochemical Company Limited, Sinopec Chemical Commercial Holding Company Limited. Please, Small Nuclear Reactors Get Boost As Western Cities Vote Yes, BP Gets Disappointing Results For Gulf Of Mexico Deepwater Appraisal Well, Equinor Closes In On $1 Billion Deal To Buy Suncors UK Oil Assets, Oil Demand Set To Climb As Chinas Economy Finally Rebounds, Germanys Natural Gas Bill Doubled In 2022 Despite Import Volumes Falling, Saudi Aramco Looks To Invest In LNG Export Facility Abroad, European Natural Gas Prices Post Longest Monthly Losing Streak Since 2020, Alberta Eyes Massive Budget Surplus Thanks To High Oil Prices, U.S. Crude Oil Inventories Continue To Build, Russias Oil Exports Still Strong Despite Sanctions, Russian Oil And Gas Project Misses Output Targets After Exxon Exit, Gazprom Neft: Russian Oil Output Cut Will Help Balance The Market, BPs CEO Warns Of Oil And Gas Price Spikes If Energy Transition Is Rushed, House Republicans Look To Block ESG Investing In Retirement Plans, Chevron Hikes Annual Share Buyback Target To $17.5 Billion, BP To Stop Publishing Statistical Review Of World Energy After 71 Years, Shale CEO Highlights What Argentinas Oil Industry Needs To Flourish, Japan Steps Up Efforts To Build Nuclear Fusion Reactor, U.S. Natural Gas Futures Hit One-Month High, UK Households Brace For Higher Energy Bills In April, Kazakhstan Enters New Era Amid Strong Demand For Its Commodities, Rio Tinto Signs Iron Deal With One Of Chinas Top Steelmakers, Mexico's Oil Giant Reports Staggering Losses, U.S. (hereinafter referred to as SINOPEC). Our Standards: The Thomson Reuters Trust Principles. 12 Jan '23 News "Exclusive: China state refiners shun new Russian oil trades, teapots fly under radar". In August 2005, Petrodar commenced production of oil in blocks 3 and 7 in South-east Sudan. instructions how to enable JavaScript in your web browser. This project includes the development of two new fields (Shaw and Cayley, the latter started up in 2017), for which a BLP production platform was installed, connected to the Montrose Alpha platform. SNOW will hit the UK in days with temperatures plunging to 1C, the Met Office warned. Trading and investing carries a high risk of losing money rapidly due to leverage. Luis Polo has been appointed Chief Executive Officer, Repsol Sinopec Resources UK Limited, effective 1 March 2023. The Age Of Canadas Huge Oil Sands Projects May Be Over, Googles Self-Driving Car Unit Raises $2.25 Billion, Goldman Sachs Warns Of An Imminent Oil Supply Shortage, Court Seizes Malaysia Oil Firm Assets Amid $15 Billion Dispute, Saudi Arabias Oil Company Slips To Worlds 3rd Largest Company, Why Russia Finally Decided To Cut Its Oil Production, The Fatal Flaw Of The Renewable Revolution, Putins Energy Gamble Backfires As Germany Secures Long-Term Gas Supplies, Biden Thinks Oil Will Be Around For A DecadeItll Be Much Longer. (hereinafter referred to as SINOPEC). Based in Aberdeen, Scotland, we have interests in 48 fields, of which we operate 38, on the UK Continental Shelf with 11 offshore installations and two onshore terminals. The Tilenga project is located in the Lake Albert Basin, Republic of Uganda and is the centrepiece of oil projects projected to bring investments of over US$10 billion to Uganda and Tanzania. [15], In August 2009, Sinopec completed a takeover of Geneva-based Addax Petroleum for $7.5 billion marking China's biggest foreign takeover. (Podcast). Callanish 4. In March 2013, China Petroleum and Chemical Corp agreed to pay $1.5 billion for Sinopec Group's overseas oil and gas-producing assets. Unipec, the oil trading unit of Asia's largest refiner China Petroleum & Chemical Corporation, or Sinopec, has sent its London staff to work from home after an employee showed coronavirus-like. The Site and Services are owned and operated by or on behalf of Repsol Sinopec Resources UK, Company No 00825828, Registered Office Suite 1, 3rd Floor , 11-12 St. James's Square , London, SW1Y 4LB ("Repsol Sinopec Resources UK Limited"). During his African visit that year Chinese President Hu Jintao signed a series of bilateral trade accords with his Gabonese counterpart Omar Bongo, including a "memorandum of agreement aimed at showing the parties' desire to develop exploration, exploitation, refining and export activities of oil products". Oilfield Technology, The deal was granted regulatory approval from the Canadian government on 25 June 2010. Save to read list Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. The only daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. We aim to maximise returns from our late life assets, safely. On behalf of the Chinese petrochemical adhering to the concept of sustainable Corporate culture is a key component of the core competitiveness of a company and the driving force for its growth. Northern Ireland shares a border with the Republic of Ireland. [35] Primatology professor Christophe Boesch of the US-based environmental organization, the Wildlife Conservation Society (WCS), criticized the use of dynamite and heavy machinery in exploration and road construction by Sinopec through park, noting that it might drive native gorillas deeper into the jungle, where they would be outside legal restrictions on hunting. Also included in the plans are a storage tank as well as a pipeline network. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets. Merchant of Record: A Media Solutions trading as Oilprice.com, That email address is already in the database. Aramco, Exxon and Sinopec also signed contracts for a fuel marketing venture that will manage 750 service stations and a network of terminals in Fujian province. Editor [23], In October 2011, the company offered C$2.2 billion ($2.1 billion) to acquire Canadian oil and gas firm Daylight Energy. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. Registered office address changed from Suite 1, 3rd Floor 11-12 st. James's Square London SW1Y 4LB England to Suite 1, 7th Floor 50 Broadway London SW1H0BL on 13 October 2022 [21] Sinopec's activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council. SINOPEC Fujian Refining & Chemical Co., Ltd. Sinopec SenMei (Fujian) Petroleum Company Limited. To produce sustainable oil and gas that provides energy security and creates value whilst driving progress and prosperity in society News Luis Polo Appointed Repsol Sinopec CEO Luis Polo has been appointed Chief Executive Officer, Repsol Sinopec Resources UK Limited, effective 1 March 2023. On 31 October 2011 Addax acquired[16] Shell's 80% share of an exploration firm called Pecten that explores and drills in various offshore locations including the oil basin near Douala, Cameroon in cooperation with TotalEnergies. The bank is considering a new . In December 2006, Sinopec acquired the assets of Shengli Petroleum, whose main asset was a maturing domestic oil field, in order to stabilize its crude inputs and raise the utilization rate of its existing refineries. Zhongyuan Oilfields Petrochemical Company, a unit of Sinopec, had failed to meet waste water treatment requirements and had been ordered to pay a pollution fine and operations had to be halted, according to the State Environmental Protection Administration (SEPA). How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. Press Inquiries Want to learn more about Sojern? 100728, SINOPEC Shanghai Offshore Petroleum Company, SINOPEC Pipeline Storage & Transportation Company, SINOPEC Pipeline Transport & Storage Company, SINOPEC Zhenhai Refining & Chemical Company, SINOPEC Hubei Chemical Fertilizer Company. By GPEB's standard, the companies that have involved in excessive emissions or caused serious environmental pollution accidents will be given the red sign warning and will be placed under strict supervision.[40]. Pledges Additional $2 Billion In Security Assistance To Ukraine, Three Fires At Pemex Facilities In One Day, Russia Says Europe Will Struggle To Replace Its Oil Products, "Natural Gas Price Fundamental Daily Forecast Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas, 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers. Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/09062021/mcdermott-sinopec-consortium-land-epcc-contract-for-totalenergies-tilenga-project/. - Development Planning Dept. Russias Oil Production Rises Ahead Of OPEC+ Meeting, Putin Hints Russia May Participate In Newest Round Of OPEC Cuts, Markets Unfazed By $100 Billion Saudi Shale Plan. Bletchley 4. The idea is using a pipeline transferring the hydrogen to Sinopecs Beijing Yanshan petrochemical complex. Repsol Sinopec Resources UK is an oil and gas exploration and production company operating in the North Sea. Also they are presently executing an oil/gas project in STUBB CREEK region in Akwa Ibom Southern Nigeria that is capable of producing about 10,000 barrels of oil/day. Its business mainly covers. Petrodar's operations represent a major increase in overall Sudanese oil production. 01 Sep 1989. Company status Active Company type . if(window.innerWidth<=1023){var write_html='
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