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Sinopec

Asia

China oil giants cash in with pipeline deals worth $56bn

China’s biggest oil and gas companies finalized deals worth $56 billion to sell their pipeline networks to a new national carrier at premiums to their book value, a long-awaited step that’s being seen as a boost for investors.

Oil & Gas

Woodmac: Coronavirus and the impact on gas and LNG

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.

Asia

China’s oil giants to splurge most in five years

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.

Oil & Gas

Sinopec sees profits jump

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.