Norway’s new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America.
First oil from Equinor’s giant Johan Sverdrup field is to be shipped to China, the Norwegian operator has announced.
China’s biggest refiner plans to reduce operations from next month after a surge in the cost of shipping crude eroded margins, according to people with knowledge of the matter.
Oil giant Shell has emerged as the world's "most valuable" oil and gas brand, according to a global brand consultancy group.
China’s oil giants aim to spend the most in five years in pursuit of higher energy output. But unlike global rivals investing in top-tier assets, the state-owned producers are trying to boost supply from fields that are either old and high-cost or new and challenging.
Sinopec has finally revealed how much money it lost on bad oil bets.
China is the latest victim of the wild swings in oil prices that have roiled trading firms across the globe this year.
35 of the world’s biggest oil and gas firms were given their walking papers yesterday as the Danish pension, PKA, exerted its influence.
A competitions tribunal has approved Chinese-state-owned Sinopec's $900million deal for Chevron's assets in South Africa.
Spanish oil giant has hired Bank of America-Merrill Lynch to assist with the sale of its North Sea portfolio, a news report said, citing banking sources.
China Petroleum & Chemical Corp., the world’s biggest oil refiner, posted 40 percent growth in first-half profit amid better earnings from its chemicals business as well as a narrower loss from producing oil and gas and lower financing costs.
Swiss prosecutors probing bribery allegations at a Geneva-based unit of China’s Sinopec released a Chinese executive jailed for three weeks after deciding there was no longer a risk the man could collude with others to disrupt the probe.
China Petroleum & Chemical Corp. said profits during the first quarter of this year are expected to more than double on higher crude prices and stable demand, bolstering plans by the world’s biggest oil refiner to raise spending for the first time in four years.
Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud, according to Indonesian police.
Mystery remains over the origin of an oil sheen that led to a North Sea production shutdown.
China Petroleum & Chemical Corp.’s third-quarter profit rose sixfold as refining gains helped overcome deepening losses from oil and gas production.
China Petroleum & Chemical Corp., the refining giant known as Sinopec, outshined its domestic state-run rivals in the first half of the year as its fuel-making business helped it weather the worst crude crash in a generation.
China Petroleum & Chemical Corp., the world’s biggest oil refiner, posted a 22 percent decline in profit for the first half of the year as oil’s collapse overpowered the boost from cheaper crude used to make fuels and chemicals.
Sinopec is said to be discussing the conditions put forward by oil major BP for its planned exit from their SECCO petrochemicals joint venture.
Unipec, the UK-based trading arm of China’s Sinopec, will hand back the massive tanker it leased just as crude prices nosedived in 2014, a news report said.
Sinopec said it will sell half of its premium natural gas pipeline business to investors.
China's Sinopec has cut daily production from its largest gas field to four million cubic metres a day after an accident where two people were killed.
Sinopec has shutdown a section of the Sichuan-East gas pipeline after it two people were killed when the region was hit by a landslide and fire.
Spanish energy giant Repsol has dismissed a £3.8billion legal claim made by its Chinese business partner Sinopec over their shared North Sea assets.
Chinese energy conglomerate Sinopec has served an arbitration notice to Spain's Repsol demanding around $5.5 billion in compensation over a 2012 joint venture.