The bloodless military coup in Myanmar has triggered some upstream companies to assess whether they should activate force majeure clauses in their production-sharing contracts (PSCs) with the government.
China national petroleum corporation
With Myanmar’s general elections in the rearview mirror, upstream development expenditure could more than double to over $1 billion by 2023 compared to this year’s spend.
European and Chinese oil and gas firms are well ahead of US rivals in the energy transition race, new research has found.
The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cement their energy co-operation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.
A second Chinese energy company has bought a stake in a giant, Middle East onshore oil concession in as many days.
China’s biggest energy firm has started installing a fourth gas pipeline between Shaanxi province and Beijing.
The former chairman of China National Petroleum Corporation, and its listed firm PetroChina, has been sentenced to 16 years in prison for graft, Chinese state television said on Monday.