SINGAPORE China's Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion (£12.2 billion) supply deal with Cheniere Energy Inc after a sharp drop in LNG prices, industry officials said.
SINGAPORE, Jan 17 China's Sinopec, expected to
be the next major Chinese buyer of U.S. liquefied natural gas
(LNG), is planning to review terms of a potential $16 billion
supply deal with Cheniere Energy after a sharp drop in LNG
prices, industry officials said.
SINGAPORE China's crude oil imports in 2019 surged 9.5% from a year earlier, setting a record for a 17th straight year, as demand growth from new refineries built last year propelled purchases by the world's biggest importer, data showed on Tuesday.
* Dec crude imports 10.71 mln bpd, vs Nov record of 11.13
SINGAPORE Chinese offshore oil and gas major CNOOC plans to lift capital spending to the highest level since 2014, it said on Monday, as it sharpens its focus on domestic drilling.
SINGAPORE/BEIJING China has approved a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to boost output, though Beijing may initially limit shipments to focus on growing its coastal marine fuel market, state refiner officials say.
SINGAPORE/BEIJING For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies.
SINGAPORE China National Petroleum Corp (CNPC), a top investor in Iraqi oil, has withdrawn about 20 employees from the West Qurna-1 field operated by U.S. major Exxon Mobil because of tensions in the region, a company source familiar with the matter said.
SINGAPORE China Sinochem Group is expected to start up a new crude processing unit and a petrochemical complex in southeastern China around mid-2020, marking the state firm's first foray into making petrochemicals, three company sources said.
SINGAPORE, Dec 31 The head of PetroChina's
oil trading unit in Singapore will leave the company
after serving nearly 26 years, two company officials told
Reuters on Tuesday.