Published by Nicholas Woodroof, [37], On 21 December 2006, gas started leaking during the drilling of a test well by the Sinopec Southern Prospecting and Development Branch in Quingxi. 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. "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.". 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The company held a promotion conference for compliance management and fully initiated compliance management. 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. 04 Jul 2016, 13 Jan 1995 - Shortly thereafter, Sinopec resumed production with more environmentally friendly methods. [30], China's imports of U.S. natural gas will more than double. A Shanghai listing was completed in June 2001. The cost of the construction is to amount to 3 billion yuan (US$470 million), and the plant will provide an annual production of 20,000 tons which will be supplied to Sinopec's Tahe refinery and production is to begin by June 2023. [17], In June 2013, Sinopec agreed to acquire Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion. Why? In 2023, we will, as always, do our best to make it possible. Headquarters China Address No. Watch our Core Values video where our employees talk about what the values mean to them, and how they take responsibility for living these values every day. Sinopec is also looking into other companies such as ERHC Energy which has multiple oil block assets in the Joint Development Zone. Oilfield Technologys first issue of 2021 begins with a look at US tight oils prospects this year. Sinopec's business includes oil and gas exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil You've accepted analytics cookies. [42] The project will also be powered by a 1000-megawatt solar power station.[43]. Gasoline Prices 26 Cents Lower Than Last Year, Russias Lukoil Looks To Sell Stake In Offshore Oil And Gas Field, Kazakhstan Could Suspend Natural Gas Exports Next Winter, Kazakh Oil Starts Flowing To Germany Via Russian Pipeline Network, Saudi Arabia Signs $400 Million Aid Package For Ukraine, Chinas Coal Plant Approvals Surged To A 7-Year High In 2022, Iranian Currency Drops To Record Low Against The U.S. Dollar, Oil Prices Dip As Traders Wait For Chinese Demand To Rebound, Academics: Russia Selling Oil Way Over Price Cap, Ecuador Calls Force Majeure On Almost All Of Its Oil Production, BOEM To Hold Oil, Gas Lease Sale On March 29, The U.S. Intensifies Sanctions Against Russia, U.S. Please sign in or register for free. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Oilfield Technology, We work in production and exploration fields as important as Shaw and Cayley, making us an important player in the development of the region. Formal contract award remains subject to Tilenga Partners approval. Copyright 2023 Palladian Publications Ltd. All rights reserved | Tel: +44 (0)1252 718 999 | Save to read list To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. 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"). Company status Active Company type . About Sinopec Group China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, esta blished by the state in July 1998 on the basis of the former China Petrochemical Corporation. Set up your account today. . more Sinopec Corp China Petroleum & Chemical Corporation is a vertically integrated energy & chemical company that is engaged in oil & gas exploration and production. Next accounts made up to 31 December 2022 The authorities in the UK advise returning travelers to self-isolate and avoid contact with other people if they had recently traveled to China and other countries in Asia to northern Italy or to Iran. 17 Dec 2012, 01 Sep 1989 - [10], In December 2013, MCC Holding Hong Kong Corp. Ltd. and MCC Oil & Gas Hong Kong Corp. Ltd., acquired an 18% stake of Sinopec in oil and gas business for $9.3 billion. [38], China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. Nobody replied to a message left on a voicemail at Unipec's office in London. You can change your cookie settings at any time. In March 2013, China Petroleum and Chemical Corp agreed to pay $1.5 billion for Sinopec Group's overseas oil and gas-producing assets. 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. 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]. 13 Jan 1995, 03 Nov 1964 - All quotes delayed a minimum of 15 minutes. [19] Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. Sinopec Zhongyuan Petrochemical Corp. Ltd. Northern Ireland shares a border with the Republic of Ireland. Individual Package Combined Package Registered Office Address 39 .99 + VAT Per Year (3.33 per month) Director Service Address Learn More Registered Office Address Free Official Mail Forwarding Free Scan & Email Free Official Mail Collection Mail Sorted Daily The other two DR200 and GT2000 - are around 100 kilometres (62mi) northeast of Port Gentil, according to the Gabonese oil ministry. The project will be led from McDermott's offices in West of London, UK, and Sinopec's office in Yangzhou, China, before transitioning to Uganda for the construction activities. With promoting low-carbon transformation of global energy as its goal, Sinopec is committed to leading the future of energy and chemical industry with innovation, shouldering its responsibilities to refuel for a better life, and working with all stakeholders to build a better life. 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. December 2022 a Project for the annual green hydrogen production, for the cost of 20.5 billion yuan ($2.9 billion), in Ulanqab in central Inner Mongolia, targeting of 100,000 tons of production per year, was confirmed by the Inner Mongolia energy bureau. Could Gravity Batteries Win The Energy Storage War? The London office of Unipec has around 70 employees, including 11 traders, according to Bloomberg, which quotes a Companies House filing. SINOPEC was the the second largest company on the Global Fortune 500 list in 2020 based on revenues. Trading and investing carries a high risk of losing money rapidly due to leverage. China Petroleum & Chemical Corporation () or Sinopec (simplified Chinese: ; traditional Chinese: ; pinyin: Zhnggu Shhu), is a Chinese oil and gas enterprise based in Beijing. Construction on the Ulanqab project is slated to start construction in December 2023, with completion scheduled for June 2027. 72 were here. Sinopec has 4 employees across 58 locations and 2.42 t in annual revenue in FY 2021. [11], Sinopec signed an evaluation deal with Gabon in 2004. 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. Addax Petroleum was established in 1994 and since August 2009, has been a subsidiary of the Sinopec Group, one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide. Alfreton 2. Cinderford 5. In Ordos city, inner Mongolia, 430Mio $ are be invested in a 400MW windfarm, for the production of 20,000 tons of green hydrogen per year. In August 2005, Petrodar commenced production of oil in blocks 3 and 7 in South-east Sudan. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. [9], In August 2013, Sinopec acquired a 33% stake in Apache Corporations oil and gas business in Egypt for $3.1 billion. Woolpit Production 1. Annual Report Given its legacy asset base from Sinopec Group, analysts have categorized it as a more downstream oil player than PetroChina. Get Started Today Ready to start working with Sojern? [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]. Bill Chalker from Chevron Corp. and Mark Tattersdill from Statoil ASA will join the London-based unit of Unipec, as the company is known, next year, said the people, who declined to be identified because the information is confidential. 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. instructions how to enable JavaScript in your web browser. 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. Sinopec released the top 10 oil and gas exploration achievements in 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. [29] In January 2022 they offered to re-sell LNG to take advantage of high Asian spot prices. Email: enquiries@oilfieldtechnology.com. Great Britain is bordered to the north and west by the Atlantic Ocean, to the east by the North Sea, to the south by the English Channel, and to the west by the Irish Sea. Chen Aizhu and Florence Tan. Sinopec Group is the largest oil and petrochemical products suppliers and the second largest oil and gas producer in China,. Unipecs staff working in London were asked to stay home until more is known as a precaution, the source told Reuters. Unipec is the trading arm of China. We use some essential cookies to make our services work. 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. HSBC Holdings Plc is looking for a new global headquarters less than half the size of its current space in London's Canary Wharf, according to the Sunday Times. Callanish 4. The U.S. oil giant is working on a plan to have the staff return to work from office, it said two days ago. Tel: (852) 2522 1368 / (852) 6852 8423 Email: nmei@prchina.com.hk / zyliu@prchina.com.hk File: Sinopec Shanghai Petrochemical Company Limited Announces Intention to Delist American Depositary. Petrodar's operations represent a major increase in overall Sudanese oil production. Main figures, lines of action, and facilities map. The consortium will provide engineering, procurement, construction and commissioning (EPCC) services for the development of an onshore oilfield that will generate up to 200 000 bpd. 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. Over the past 21 years, Sinopec has been contributed to the economic growth and well-being in Saudi Arabia. [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. While the country is set to . Headquartered in Beijing, UNIPEC is a wholly-owned subsidiary of China petroleum & Chemical Corporation (Sinopec) and is china's largest international trade company. (1 June 2022). Read the latest issue of Oilfield Technology in full for free: Issue 1 2021. Sinopec said it had no plans to pull out of the resource-rich region despite the attack. [18], In February 2007, Saudi Aramco and Exxon signed a deal with Sinopec to revamp the Fujian oil refinery and triple its capacity to 240,000 barrels per day (38,000m3/d) by 2009. SNOW will hit the UK in days with temperatures plunging to 1C, the Met Office warned. Contact the PR Team at press@sojern.com Partner With Us [15], In August 2009, Sinopec completed a takeover of Geneva-based Addax Petroleum for $7.5 billion marking China's biggest foreign takeover. 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. We have established a dedicated, integrated team focused on late life optimisation and executing decommissioning, as one. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint. See insights on Sinopec including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Funded by the State, it is a State authorized investment arm and State-owned controlling company. Joining Hands, Sharing Value! 12,380 people were evacuated after the leakage occurred. The Site, Services and Content (defined below) may be changed or updated from time to time without notice. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets. 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. 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. It is listed in Hong Kong and also trades in Shanghai. Its activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council. Sinopec is headquartered in Beijing, China. Sinopec produces around 1/4 as much raw crude oil as PetroChina, but produces 60% more refined products per annum. 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. Reporting by Julia Payne; Editing by Alison Williams and Mark Potter. 01 Sep 1989. (hereinafter referred to as SINOPEC). Embed article link: (copy the HTML code below): This article has been tagged under the following: Upstream news 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. 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. Three onshore fields were to be explored. [32], Unipec, a subsidiary of Sinopec, is an intermediary for banned Russian oil. He was relieved of post in 2007. 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Sustaina.. Download Hot Topics 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. This was a remarkable achievement in the company's aim at fully exploring the oil-rich African country. document.write(write_html); It will consist of 31 well pads connected to a central processing facility (CPF) via buried flowlines. See here for a complete list of exchanges and delays. [12], In November 2005, Sinopec Group announced plans to partner with CNPC to purchase an oil field in Sudan, and has reportedly indicated an interest in expanding its business in Sudan. London 3. Sinopec indeed had previously taken over Addax Petroleum with numerous assets in Nigeria and Cameroon. It also produces ethanol and several biofuels such as biodiesel and green jet fuel, from waste vegetable oil.[6][7]. In 2022, we delivered what we promised. 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. And it co Unipec, the oil trading unit of Asias largest refiner China Petroleum & Chemical Corporation, or Sinopec, has sent its London staff to work from home after an employee showed coronavirus-like symptoms, a source with knowledge of the matter told Reuters on Monday. Liberty Industrial Ltd has been awarded contract for the decontamination, demolition and site remediation of Nigg Oil Terminal. 30 September 2023, Last accounts made up to [8] Sinopec is the largest oil refiner in Asia by annual volume processed. The bank is considering a new . This documentary-style series follows investigative journalists as they uncover the truth. [22] While largely welcomed by industry, Sinopec's Syncrude stake has raised concerns about the influence the Chinese government may try to exert on Canadian policy makers. 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. (hereinafter referred to as SINOPEC). Equinor to acquire equity interest in five North Sea discoveries, McDermott, Sinopec consortium land EPCC contract for TotalEnergies' Tilenga project. This is in addition to other exploration projects currently being embarked upon both in Rivers and Akwa Ibom States. [36] Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. articles a month for anyone to read, even non-subscribers! Address: 22 Chaoyangmen North Street, Chaoyang District, Beijing, China Postcode: 100728 On 15 October 2012 Sinopec completed the purchase of 20 oil wells belonging to TOTAL E&P in Southern Nigeria in a deal worth around $2.45 billion. This Website is constructed by China Petrochemical Corporation. instructions how to enable JavaScript in your web browser. Legal Notice - Privacy statement - Cookie policy - Sitemap. if(window.innerWidth<=1023){var write_html='