China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oilfield in Iraq, which could fetch at least $500 million, according to people familiar with the matter.
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Abu Dhabi has approved the transfer of rights, from China National Petroleum Corp. (CNPC) to Cnooc Ltd, in the Lower Zakum and Umm Shaif and Nasr offshore concessions.
Zenith Energy has paid $250,000 to Kuwait Foreign Petroleum Exploration Co. (KUFPEC) as a first payment for its acquisition of the Sidi El Kilani concession in Tunisia.
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
The chief executives of 12 major oil and gas firms have written an open letter saying the Covid-19 pandemic won't delay climate action but has instead "sharpened" the focus on it.
As with all commodities, the impact of the novel coronavirus (2019-nCoV) on Chinese gas demand will depend on both the severity and length of time required to contain the outbreak.
Sudan has undergone a tumultuous 10 years, from the loss of much of its oil production with the breaking away of South Sudan, to the recent and dramatic change of government.
South Sudan plans to offer 13 blocks under a licence round to be launched in the first quarter of 2020, moving away from the previous preference for direct negotiations.
China National Petroleum Corp. is no longer a partner in Iran’s biggest natural gas project, and the Persian Gulf nation will develop Phase 11 of the giant South Pars field on its own, Oil Minister Bijan Namdar Zanganeh said, according to the ministry’s Shana news service.
The Oil and Gas Climate Initiative (OGCI) today unveiled a series of initiatives aimed at reducing greenhouse gas emissions (GHGs).
China National Petroleum Corp. (CNPC) signed a transportation convention with Niger on September 15.
A joint venture owned by ExxonMobil, Eni and CNPC has submitted a development plan for the first phase of the Rovuma LNG project off Mozambique.
President Donald Trump’s decision to reimpose sanctions on Iran threatens to tighten global oil markets and could derail tens of billions of dollars in business deals.
The head of China’s largest natural gas importer believes the country’s energy ties with the U.S. are set to deepen, despite trade conflict between the world’s two largest economies that has roiled financial markets.
China’s CNPC is ready to step in if Total decides to exit its Iranian projects to comply with US sanctions, a news report said.
Italian energy company Eni has signed a pact on oil and gas exploration and production opportunities with the China National Petroleum Corporation (CNPC).
Shell has found a buyer for a chain of Argentine gas stations worth more than $1billion, a news report said.
China National Petroleum Company (CNPC) said it will reduce its staff at its headquarters in Beijing by 20%.
French firm Total has signed a preliminary agreement with Iran for the development of one of the world’s biggest gas fields.
China's top energy group China National Petroleum Corp (CNPC) has approved plans to restructure its oilfield services business.
China National Petroleum Corp., the country’s biggest oil and gas producer and the parent of PetroChina Co., said profit fell 52 percent as lower oil prices punished global explorers.
PetroChina , China's biggest oil and gas producer, reported a 70 percent slump in its full-year 2015 profit, with earnings upstream and in the marketing segment both taking a hit from lower prices.
Oil major Chevron and PetroChina started production from an onshore gas field at the end of 2015 after years of delays. The Luojiazhai field has an annual production capacity of three billion cubic metres of gas.
Gazprom Neft has signed a three-year memorandum of understanding with China’s CNPC.