Tag: Petrochina

EP Petroecuador awards tender for 8.6 MMbbls of Oriente crude to Unipec and Petrochina

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PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 21.Aug.2025, Words: 150) — EP Petroecuador awarded the export of 8.6 million barrels (MMbbls) of Oriente crude oil through 3 international tenders to the state-owned companies Unipec AmĂ©rica Inc. (-$3.70/bbl) and (-$3.05/bbl) and Petrochina International Co. Ltd. (-$3.62/bbl, which emerged as […]

Ecuador inks 4 export deals for 8.64 MMbbls of Oriente oil with Shell, Petrochina and Trafigura

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PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 6.May.2025, Words: 210) — EP Petroecuador awarded 4 international tenders for the export of 8.64 million barrels (MMbbls) of Oriente crude oil.  The contracts were awarded to Shell Western Supply and Trading Limited (-$3.93/bbl), Petrochina International Co. Ltd (-$4.51/bbl and -$4.04/bbl), and […]

Shell Invests in Phase 2 of Surat Gas Project in Australia

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(Shell, 12.Aug.2024) — Arrow Energy, an incorporated joint venture between Shell (50%) and PetroChina (50%), has announced plans to develop Phase 2 of Arrow Energy’s Surat Gas Project in Queensland, Australia. The gas from the project will flow to the Shell-operated QCLNG liquefied natural gas (LNG) facility on Curtis Island, […]

China Slows Venezuela Crude Buys

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(Reuters, 23.Nov.2023) — The suspension of U.S. sanctions on Venezuelan oil has rattled its biggest customers, China’s independent refiners, who are now holding off on making new purchases amid wide discrepancies in offer prices, trading sources say. The independent refiners have for years bought Venezuelan oil at steep discounts, but since Washington lifted […]

Air Liquide, Chevron, Keppel and Petrochina Form CCUS Consortium in Singapore

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(Chevron, 21.Sep.2022) — Air Liquide, Chevron, Keppel Infrastructure and PetroChina (1) signed a memorandum of understanding to form a consortium which will aim to evaluate and advance the development of large-scale carbon capture, utilization, and sequestration (CCUS) solutions and integrated infrastructure in Singapore. The consortium intends to research, test, and […]

Cheniere and PetroChina Sign Long-Term LNG Sale and Purchase Agreement

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(Cheniere, 20.Jul.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that its wholly-owned subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with a subsidiary of PetroChina Company Limited. Under the SPA, PetroChina subsidiary PetroChina International Company Limited (PCI) has agreed […]

NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal

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(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Colombia’s state-owned Ecopetrol and US-based Occidental announcing plans to jointly participate in exploration activities in four blocks in the deep-waters offshore Colombia’s Caribbean coast; Frontera Energy releasing its 2021 sustainability report; and PetroChina establishing an effective ESG management mechanism. LATIN AMERICA AND […]

PetroChina Continues with Positive Momentum in 1Q:22

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(PetroChina, 29.Apr.2022) — PetroChina Company Limited (HKSE: 00857; NYSE: PTR; SSE: 601857) announced that in the first quarter of 2022, the company placed stable development as top priority and achieved a steady increase in its operating results while maintaining smooth and efficient operation in its oil and gas industrial chains. […]

NRGBriefs: Ecopetrol Sends First Carbon-Neutral Cargo to PetroChina

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(Energy Analytics Institute, 28.Dec.2021) — Energy briefs including Colombia’s state-controlled Ecopetrol agreeing to ship 1 MMbbls of Castilla blend oil to PetroChina for delivery in Feb. 2022; Venezuela’s opposition lawmakers voting to for the continuity of the National Assembly and its leader Juan GuaidĂł; and more. LATIN AMERICA AND THE […]

Tipco Wins Bid To Export Napo Crude

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(Energy Analytics Institute, 11.Apr.2021) — EP PetroEcuador awarded the Thai company Tipco Asphalt Public Company Limited a deal for the export of 720,000 barrels of Napo crude. The barrels will be offered in 2 shipments of 360,000 barrels +/- 5% each, which will be delivered in April 2021, PetroEcuador announced […]

Venezuela Resumes Direct Oil Shipments To China

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(Reuters, 22.Dec.2020) — Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA). Chinese state companies China National Petroleum Corp (CNPC) and its […]

Slew Of Tankers Head Toward Venezuela

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(Reuters, 11.Nov.2020) — At least 18 oil tankers are expected to load oil for export from Venezuela in the coming weeks, according to tracking data and internal documents from state-run PDVSA, in a sign the sanctioned OPEC nation’s crude exports may rebound this month. Venezuela’s oil exports fell to their […]

WoodMac On PetroChina Emissions Ambition

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(WoodMac, 31.Aug.2020) — Last week PetroChina became the first national oil company (NOC) in the world to announce a ‘near-zero’ emissions ambition. Principal analyst Max Petrov commented on the event: “PetroChina’s announcement is illuminating even if details are lacking. It reveals one of the more ambitious paths the company could […]

ADNOC Reveals New Chinese Partner

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(Asharq Al-Awsat, 28.Jul.2020) — The Abu Dhabi National Oil Company, ADNOC, announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation, CNPC, to China National Offshore Oil Corporation’s subsidiary CNOOC Limited. The transfer […]

Over 30 Cos Vie For Guyana Oil Trading Contract

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(Reuters, 21.Apr.2020) — More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions of interest for a contract to market the Guyanese government’s share of the country’s crude, the government said on Tuesday. […]

Petrobras Refinery Sale Draws PetroChina

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(Reuters, Tatiana Bautzer and Rodrigo Viga Gaier, 26.Aug.2019) — Brazil’s planned privatization of eight Petroleo Brasileiro SA refineries has lured several of the world’s largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said. Around 20 companies have signed non-disclosure agreements granting them access […]

PDVSA Completes First Ship-to-Ship Transfer

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(Kallanish Energy, 11.Jun.2018) — Venezuela’s PDVSA has reportedly completed its first ship-to-ship (STS) transfer last week, in a move to tackle the severe bottleneck of tankers around its main crude ports. Reuters reported the inaugural operation was with the Suezmax tanker Sonagol Kalandula for a Thai company’s refinery in Kemaman, […]