PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Jun.2025, Words: 240) — EP Petroecuador started its 2025 drilling campaign with the Pucuna D 033 well in Block 44 located in the province of Orellana. And, a total of 4 development wells (3 directional and 1 horizontal) are planned for the […]
Tag: Sinopec
Sinopecs 5,300m vertical well sets new well depth record in China
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 14.May.2025, Words: 369) — China Petroleum & Chemical Corporation’s Tiebei 1HF well was drilled to a vertical depth that surpassed 5,300m with a 1,312m-long horizontal section, setting a new vertical depth record for shale gas wells in China. Importantly, the well test flowed 314,500 […]
Amos Global Inks SPA to Buy Sinopec’s Gulf of Paria (PetroParia) Interest in Venezuela
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 16.Feb.2025) — Houston-based Amos Global Energy Management LLC (AGE) entered into a Sale and Purchase Agreement (SPA) with Sinopec for the Chinese company’s crude oil and natural gas interests in the Gulf of Paria area offshore Venezuela. The interests have a production […]
Sinopec Releases First Sustainable Development Report in Algeria
(Editors at Energy Analytics Institute, 31.Dec.2024) — China Petroleum & Chemical Corporation officially released the sustainability report, Sustainability Report on Serving the Construction of the Belt and Road – Sinopec in Algeria, on 27 Dec. 2024 in Algiers. This is the first sustainability report published by a Chinese company in […]
Aramco, SINOPEC, and Fujian Break Ground on Refining Project in China
(Aramco, 18.Nov.2024) —  Aramco, China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) have broken ground on a new integrated refining and petrochemical complex in Fujian Province, China. The facility is planned to have a 16 million tons-per-year oil refining unit (320,000 barrels per day), a 1.5 million […]
Sinopec Showcases Green Development Achievements at COP29Â
(Sinopec, 15.Nov.2024) — In a significant move to bolster global climate and environmental governance, China Petroleum & Chemical Corporation presents its high-quality green development approach, urging enhanced collaboration among companies from Belt and Road Initiative partner countries, to jointly promote the sustainable, low-carbon, and high-quality growth of the energy and chemical […]
Sinopec’s First Geothermal Power Production Pilot Project Connects to Grid
(Sinopec, 6.Nov.2024) — Sinopec Star Co., Ltd., a clean energy subsidiary of China Petroleum & Chemical Corporation, has received  the grid access permit for its medium and deep geothermal power generation pilot project in Xianyang, Shaanxi Province, which is officially connected to the grid to produce power. The project, which […]
Sinopec Hosts Session at 7th China International Import Expo
(Sinopec, 6.Nov.2024) — China Petroleum & Chemical Corporation hosted a forum titled “Building Global Energy Partnerships” and a signing ceremony at the 7th China International Import Expo (CIIE 2024) in Shanghai. The exhibition, running from 5-10 Nov. 2024, is focused on the global energy transition and fostering an open, green, […]
TotalEnergies to Supply 2 mtpa of LNG to Sinopec for 15 Years
(Energy Analytics Institute, 4.Nov.2024) — TotalEnergies signed a sales agreement (HoA) with Sinopec for the delivery of 2 million tonnes per annum (mtpa) of LNG for 15 years, starting in 2028. With the agreement, TotalEnergies strengthens its long-term position in the LNG market in China, the largest market in the […]
WGC2023 Publishes Beijing Declaration
(Sinopec, 20.Sep.2023) — The 7th World Geothermal Congress (WGC2023), hosted by China Petrochemical Corporation (Sinopec Group), has officially published the world’s first geothermal industry standards (the “Standards”) and Beijing Declaration during the closing ceremony in Beijing. The release of the Standard and Beijing Declaration is defining the principles and adding momentum to the sustainable, […]
Petrobras on Development of Block BM-C-33
(Petrobras, 8.May.2023) — Petrobras has approved, together with its partners Equinor and Repsol Sinopec Brasil, the final investment decision (Phase III) of block BM-C-33, operated by Equinor, located in the pre-salt of Campos Basin, in the state of Rio de Janeiro. The block is about 200 km offshore and has […]
Deepening China-Arab Energy Cooperation Born of Win-win Scenarios
(CGTN, 9.Dec.2022) — The Arab countries located at the junction of Asia, Africa and Europe are universally renowned for their unique geographic location and abundant energy reserves. Energy cooperation, one of the main components of the China-Arab partnership, has steadily developed in recent years, with a deepening relationship born of numerous win-win achievements. Seventy percent […]
QatarEnergy, Sinopec Ink 27-year 4 MTPA LNG Supply Deal to China
(QatarEnergy, 21.Nov.2022) — QatarEnergy entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (MTPA) of LNG to the People’s Republic of China. Under the terms of the SPA, the contracted LNG volumes will be […]
Qatargas-chartered-Q-Flex LNG Vessel Calls at China’s Beihai LNG Terminal
(Qatargas, 16.Oct.2022) — Qatargas Operating Company Limited has delivered a liquefied natural gas (LNG) cargo aboard a Q-Flex vessel to China’s Beihai LNG Terminal, the first ever call by a Qatargas-chartered vessel at this terminal. The Q-Flex vessel, Al Sahla, is the largest LNG carrier to call at the terminal […]
APA Corp. Ratifies Modernized PSC in Egypt
(APA, 27.Dec.2021) — APA Corporation (Nasdaq: APA) announced the signing, by authority of Egyptian President H.E. Abdel Fattah El Sisi, of the previously announced agreement to modernize and consolidate the company’s current Production Sharing Contracts (PSCs) with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum […]
Sinopec Signs LT Deal With Venture Global LNG
(Sinopec, 4.Nov.2021) — China Petroleum & Chemical Corporation (HKG: 0386, Sinopec) signed a 20-year liquified natural gas (LNG) contract with U.S. LNG producer and exporter Venture Global LNG to purchase 4mn tons of LNG a year. Venture Global will supply the LNG from its plant in Plaquemines, Louisiana. In addition, China International […]
Venture Global, Sinopec Ink LNG Sales Deals
(Venture Global, 4.Nov.2021) — Venture Global LNG and China Petroleum & Chemical Corp. (Sinopec) announced signing of two 20-year Sales and Purchase Agreements (SPA) for the supply of a total of 4mn tonnes per annum (MTPA) of LNG from Venture Global’s Plaquemines LNG export facility, in Plaquemines Parish Louisiana. In addition, UNIPEC, a Sinopec subsidiary has agreed […]
Petrobras Receives Two Proposals For Repar
(Petrobras, 21.Sep.2020) — Petrobras, in relation to the news published in the media, referring to the divestment of the Presidente GetĂşlio Vargas Refinery (Repar), clarifies that the binding stage of the competitive process counts with the participation of Ultrapar Participações S.A., the consortium led by RaĂzen S.A. and China Petroleum […]
Petrobras Releases Santos Basin Teaser
(Petrobras, 10.Aug.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of 50% to 100% of its stake in the BM-S-51 concession with hand-over the operation, located in the Santos Basin, in the pre-salt polygon. The concession is located at water depths ranging […]
Essar Bid For Petrobras’ Bahia Refinery
(Reuters, 30.Jun.2020) — Indian conglomerate Essar Group made a binding offer to Brazil’s Petroleo Brasileiro SA to buy the country’s second largest oil refinery, two people with knowledge of the matter said on Tuesday. Petrobras, as Brazil’s state-controlled oil producer is known, has received at least two offers for the […]
Sinopec, EIG Deliver Bid For Petrobras Refinery
(Reuters, 17.Dec.2019) — China’s Sinopec and U.S.-based EIG Global Energy Partners have delivered non-binding offers to buy Brazilian refinery REGAP from state-run oil firm Petrobras, three people with knowledge of the matter said. With a processing capacity of 150,000 barrels per day, REGAP is the fifth-largest refinery of eight up […]
Brazil, China, UAE Firms Eying Petrobras Refineries
(Reuters, Tatiana Bautzer and Carolina Mandl, 28.Nov.2019) — Brazil’s state-controlled oil company Petroleo Brasileiro SA has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four people with knowledge of the […]
Energy Cos Caught In Spat Over Venezuela Sanctions
(Chron, Sergio Chapa, 7.Oct.2019) — Frequent power outages, theft of equipment, a political tug-of-war and billions of dollars in losses would seem to signal to businesses that it’s time to get out of Venezuela. But energy companies with headquarters or major operations in Houston — including the oil major Chevron […]
Maduro Hopes Putin Will Offer More Than Words
(FT.com, Michael Stott and Henry Foy, 24.Sep.2019) — Threats of military invasion, sweeping economic sanctions, people power, recognition of a rival government, even an attempted uprising — the US has tried almost everything to topple Nicolás Maduro. But Venezuela’s revolutionary socialist president is still clinging to power after six years, […]
CNPC Skips Venezuelan oil Loading For Second Month
(Reuters, Chen Aizhu, 10.Sep.2019) — China National Petroleum Corp (CNPC), a leading buyer of Venezuelan oil, will skip cargo loadings for a second month in September as the state oil giant looks to avoid breaching U.S. sanctions, two sources with knowledge of the matter said. CNPC made a surprise halt […]
LatAmNRG Ecuador Briefs: PetroAmazonas Deals, Drilling, Output, And Merger
(Energy Analytics Institute, Piero Stewart, 20.May.2019) — Heard on the street and LatAmNRG briefs related to the Petroamazonas EP and contracts for $78.1 million with China’s CNPC And Sinopec, optimized drilling at Sacha and Coca Payamino, rising output during the first four months of 2019, secondary recovery efforts and the […]
Petrobras says Entorno de Sapinhoá Block Viable
(Reuters, 20.Jul.2018) – Brazil’s state-controlled oil company PetrĂłleo Brasileiro SA said that areas it operates adjacent to the Entorno de Sapinhoá block in the Santos basin are commercially viable, according to a securities filing on Friday. Petrobras has a 45 percent stake in Sapinhoá, while Shell Plc has a 30 […]
Pemex to Supply Isthmus Crude to Japan
(Pemex, 24Jul.2015) – Pemex, through P.M.I. Comercio Internacional (PMI), and the largest refining company in Japan, JX Nippon Oil & Energy Corporation, agreed to ship 6 MMbbls of Isthmus crude oil through 6 cargoes beginning in Aug.2015 and until Jan.2016, from the Salina Cruz maritime terminal located in the state […]
Rafael Ramirez Speech in Puerto La Cruz
(Energy Analytics Institute, Piero Stewart, 4.Oct.2013) – Venezuela’s Oil Minister President Rafael Ramirez spoke with journalist in Puerto La Cruz, Venezuela. What follows are excerpts from the discussion. Rafael Ramirez on the economic sector: Ramirez: We have bonds that we are using to bring in food stuffs to guarantee supply […]