Category: Oil and Gas

CNOOC Limited inks petroleum contract with PetroChina Company

The Beijing-based CNOOC Limited, which is major subsidiary of China National Offshore Oil Corporation, has made it to the headlines with the announcement of a contract between its subsidiary and PetroChina Company Limited. Apparently, CNOOC China Limited (the subsidiary) has recently entered into a contract …

ExxonMobil inks long-term deal with Zhejiang Energy for LNG supply

ExxonMobil and Zhejiang Energy aim to develop a major LNG gateway in China’s Ningbo-Zhoushan region ExxonMobil has recently announced that it has entered into a sales & purchase agreement with Zhejiang Provincial Energy Group for the supply of liquefied natural gas (LNG). Under this agreement, …

Royal Dutch Shell forms shale exploration JV with China’s Sinopec

The Shengli Oil Field is the flagship asset of Sinopec in China, however it is struggling with declining production The new joint study venture comes in the backdrop of Chinese government’s efforts to improve domestic reserves and production by encouraging China-foreign projects The United Kingdom-based …