[31] In March 2022, a memorandum of understanding was signed between Sinopec and Aramco to strengthen the already existing ties between the companies and to improve their downstream operations. LONDON (Reuters) - London employees at Unipec, the trading arm of China's state oil firm Sinopec, have been told to work from home after an employee exhibited coronavirus-like symptoms, a. [23], In October 2011, the company offered C$2.2 billion ($2.1 billion) to acquire Canadian oil and gas firm Daylight Energy. [22] While largely welcomed by industry, Sinopec's Syncrude stake has raised concerns about the influence the Chinese government may try to exert on Canadian policy makers. Sinopec Group Annual Report Sinopec Corp. Its business mainly covers. Discover all the products and services we have for you and your business, Learn about our scholarships and internships. During his African visit that year Chinese President Hu Jintao signed a series of bilateral trade accords with his Gabonese counterpart Omar Bongo, including a "memorandum of agreement aimed at showing the parties' desire to develop exploration, exploitation, refining and export activities of oil products". 74-89% of retail investor accounts lose money. The parent falls under the purview of China's State Council. Why? 01 Sep 1989. [29] In January 2022 they offered to re-sell LNG to take advantage of high Asian spot prices. [10], In December 2013, MCC Holding Hong Kong Corp. Ltd. and MCC Oil & Gas Hong Kong Corp. Ltd., acquired an 18% stake of Sinopec in oil and gas business for $9.3 billion. See here for a complete list of exchanges and delays. And it co [27], In April 2013, Sinopec agreed to sell a stake of 30 percent in an oil and gas block in Myanmar to Taiwan's CPC Corp.[28], In November 2021, U.S. producer Venture Global LNG signed a twenty-year contract with Sinopec to supply liquefied natural gas (LNG). [14], In 2007, in eastern Ethiopias Ogaden Desert, a raid by an ethnic Somali rebel group on a Sinopec drilling site left 74 dead including 9 Chinese oil workers, and 7 kidnapped on 24 April 2007. Address: 22 Chaoyangmen North Street, Chaoyang District, Beijing, China Postcode: Repsol Sinopec Resources UK Limited is a joint venture between Repsol and Sinopec. Sinopec's business includes oil and gas exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil China Petrochemical Technology Company, Ltd. China Petrochemical International Co., Ltd.(SINOPEC Intl Co., Ltd.), SINOPEC Exploration & Production Research Institute, SINOPEC Research Institute of Petroleum Processing, SINOPEC Fushun Research Institute of Petroleum and Petrochemicals, SINOPEC Shanghai Research Institute of Petrochemical Technology, SINOPEC Qingdao Safety Engineering Institute, SINOPEC Research Institute of Petroleum Engineering. Individual Package Combined Package Registered Office Address 39 .99 + VAT Per Year (3.33 per month) Director Service Address Learn More Registered Office Address Free Official Mail Forwarding Free Scan & Email Free Official Mail Collection Mail Sorted Daily if(window.innerWidth <= 1023){ [9], In August 2013, Sinopec acquired a 33% stake in Apache Corporations oil and gas business in Egypt for $3.1 billion. In the future, we are committed to closer and multi-aspect collaborations in KSA and contributing to Saudi Vision 2030. Unipec, the oil trading unit of Asias largest refiner China Petroleum & Chemical Corporation, or Sinopec, has sent its London staff to work from home after an employee showed coronavirus-like symptoms, a source with knowledge of the matter told Reuters on Monday. Nobody replied to a message left on a voicemail at Unipec's office in London. We use some essential cookies to make our services work. The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. The rebels, the Ogaden National Liberation Front (ONLF), later released the seven abductees and warned foreign companies against working in the area. Over the past year, Sinopec has continuously intensified exploration activities and reaped top ten discoveries, adding 202 million tonnes of proven oil reserves and 278.6 BCM of proven natural gas reserves, delivering far beyond the annual target of the 7-year action plan and playing its role in ensuring national energy supply. We have established a dedicated, integrated team focused on late life optimisation and executing decommissioning, as one. Littlehampton 6. The UK is set to have another cloudy day with some showers in a few pockets on the first day of March as the Met Office forecasted a spell of wintry weather this month. Unipec, the oil trading unit of Asia's largest refiner China Petroleum & Chemical Corporation, or Sinopec, has sent its London staff to work from home after an employee showed coronavirus-like. The consortium will provide engineering, procurement, construction and commissioning (EPCC) services for the development of an onshore oilfield that will generate up to 200 000 bpd. Copyright China Petrochemical Corporation. Sinopec has 4 employees across 58 locations and 2.42 t in annual revenue in FY 2021. It arose from the acquisition, in 2015, by Repsol, of the global assets of the former Talisman Energy Inc, including its 51% equity interest in the joint venture, previously called Talisman Sinopec Energy UK. Three onshore fields were to be explored. [18], In February 2007, Saudi Aramco and Exxon signed a deal with Sinopec to revamp the Fujian oil refinery and triple its capacity to 240,000 barrels per day (38,000m3/d) by 2009. This documentary-style series follows investigative journalists as they uncover the truth. To produce sustainable oil and gas that provides energy security and creates value whilst driving progress and prosperity in society News Luis Polo Appointed Repsol Sinopec CEO Luis Polo has been appointed Chief Executive Officer, Repsol Sinopec Resources UK Limited, effective 1 March 2023. Sinopec is headquartered in Beijing, China. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. [41], In November 2021, construction of a green hydrogen plant in Kuqa city began. Petrodar's operations represent a major increase in overall Sudanese oil production. On Wednesday, 28 July 2010, an explosion at an abandoned Sinopec plastics and chemicals factory in the Qixia District of Nanjing, China killed at least 12 people and seriously injured 15 more. Addax Petroleum was established in 1994 and since August 2009, has been a subsidiary of the Sinopec Group, one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide. He was relieved of post in 2007. Also they are presently executing an oil/gas project in STUBB CREEK region in Akwa Ibom Southern Nigeria that is capable of producing about 10,000 barrels of oil/day. The United Kingdom's electricity supply mainly comes from fossil fuels like coal and oil. Joining Hands, Sharing Value! An oil pipeline explosion on Friday, 22 November 2013, in Qingdao, Shandong province killed at least 62 people, injuring 136, and displacing hundreds more after oil previously leaking onto a street during the day ignited. With promoting low-carbon transformation of global energy as its goal, Sinopec is committed to leading the future of energy and chemical industry with innovation, shouldering its responsibilities to refuel for a better life, and working with all stakeholders to build a better life. Merchant of Record: A Media Solutions trading as Oilprice.com, That email address is already in the database. Our goal is to create a working environment such that we cause no harm to people, and where we minimise our impact on the environment. [13] Sinopec Corporation is a partner in Petrodar Operating Company Ltd., a consortium whose partners also include China National Petroleum Corporation (CNPC, the 90 per cent owner of PetroChina) and Sudapet (the Sudanese state-owned oil company), among others. The first phase of construction started by the end of 2022. (Podcast). Choose our premium Central London office at 167-169 Great Portland Street, W1. 2019 Repsol Sinopec Resources UK Limited. The Site and Services are owned and operated by or on behalf of Repsol Sinopec Resources UK, Company No 00825828, Registered Office Suite 1, 3rd Floor , 11-12 St. James's Square , London, SW1Y 4LB ("Repsol Sinopec Resources UK Limited"). China Petroleum & Chemical (Sinopec) is a core subsidiary of China Petrochemical, or Sinopec Group. Reporting by Julia Payne; Editing by Alison Williams and Mark Potter. due by 1 March 2024, for REPSOL SINOPEC RESOURCES UK LIMITED (00825828), Companies House does not verify the accuracy of the information filed, 17 Dec 2012 - Address: 5th floor, 40 Princes Street Edinburgh EH2 2BY United Kingdom Tel: + 44 (0) 131 557 7101 Fax +44 (0) 131 556 8035 Last updated: December 2021 Gasoline Prices 26 Cents Lower Than Last Year, Russias Lukoil Looks To Sell Stake In Offshore Oil And Gas Field, Kazakhstan Could Suspend Natural Gas Exports Next Winter, Kazakh Oil Starts Flowing To Germany Via Russian Pipeline Network, Saudi Arabia Signs $400 Million Aid Package For Ukraine, Chinas Coal Plant Approvals Surged To A 7-Year High In 2022, Iranian Currency Drops To Record Low Against The U.S. Dollar, Oil Prices Dip As Traders Wait For Chinese Demand To Rebound, Academics: Russia Selling Oil Way Over Price Cap, Ecuador Calls Force Majeure On Almost All Of Its Oil Production, BOEM To Hold Oil, Gas Lease Sale On March 29, The U.S. Intensifies Sanctions Against Russia, U.S. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. Chen Aizhu and Florence Tan. [8] Sinopec is the largest oil refiner in Asia by annual volume processed. While the country is set to . Save to read list more Sinopec Corp China Petroleum & Chemical Corporation is a vertically integrated energy & chemical company that is engaged in oil & gas exploration and production. [5] Sinopec's business includes oil and gas exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, and other chemicals. In December 2006, Sinopec acquired the assets of Shengli Petroleum, whose main asset was a maturing domestic oil field, in order to stabilize its crude inputs and raise the utilization rate of its existing refineries. Unipec is the trading arm of China. Here are the Our Standards: The Thomson Reuters Trust Principles. As of Sunday morning, a total of 11,750 people have been tested in the UK, of which 11,715 were confirmed negative and 35 positive for coronavirus, the UK government said. The other proposal approved last week by inner Mongolia is a 3-billion-yuan ($430 million) project to be sited in the Uxin region of Ordos city. Oil & gas news. [24] Daylight was renamed Sinopec Daylight Energy Ltd. after it was taken over in December 2011. Unipecs staff working in London were asked to stay home until more is known as a precaution, the source told Reuters. [15], In August 2009, Sinopec completed a takeover of Geneva-based Addax Petroleum for $7.5 billion marking China's biggest foreign takeover. Also included in the plans are a storage tank as well as a pipeline network. Sinopec Limited's parent, Sinopec Group, is the world's largest oil refining, gas and petrochemical conglomerate, headquartered in Chaoyang District, Beijing. Watch our Core Values video where our employees talk about what the values mean to them, and how they take responsibility for living these values every day. We aim to maximise returns from our late life assets, safely. Oilfield Technologys first issue of 2021 begins with a look at US tight oils prospects this year. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint. SINOPEC Zhongyuan Petrochemical Corp. Ltd. SINOPEC Zhanjiang Dongxing Petrochemical Company Limited, SINOPEC Shijiazhuang Refining & Chemical Company, Sinopec Refinery Product Sales Company Limited, Sinopec Yizheng Chemical Fibre Company Limited, Sinopec Yangzi Petrochemical Company Limited, Sinopec Chemical Commercial Holding Company Limited. Founded in 1995, UNIPEC is China's largest trading company and has established business. On 15 October 2012 Sinopec completed the purchase of 20 oil wells belonging to TOTAL E&P in Southern Nigeria in a deal worth around $2.45 billion. Given its legacy asset base from Sinopec Group, analysts have categorized it as a more downstream oil player than PetroChina. With promoting low-carbon transformation of global energy as its goal, Sinopec is committed to leading the future of energy and chemical industry with innovation, shouldering its responsibilities to refuel for a better life, and working with all stakeholders to build a better life. [45], Zhnggu Shyu Hugng Gfn Yuxin Gngs, Globe and Mail, Report on Business p.B3, 2 August 2013. All quotes delayed a minimum of 15 minutes. December 2022 a Project for the annual green hydrogen production, for the cost of 20.5 billion yuan ($2.9 billion), in Ulanqab in central Inner Mongolia, targeting of 100,000 tons of production per year, was confirmed by the Inner Mongolia energy bureau. Liberty Industrial Ltd has been awarded contract for the decontamination, demolition and site remediation of Nigg Oil Terminal. The Age Of Canadas Huge Oil Sands Projects May Be Over, Googles Self-Driving Car Unit Raises $2.25 Billion, Goldman Sachs Warns Of An Imminent Oil Supply Shortage, Court Seizes Malaysia Oil Firm Assets Amid $15 Billion Dispute, Saudi Arabias Oil Company Slips To Worlds 3rd Largest Company, Why Russia Finally Decided To Cut Its Oil Production, The Fatal Flaw Of The Renewable Revolution, Putins Energy Gamble Backfires As Germany Secures Long-Term Gas Supplies, Biden Thinks Oil Will Be Around For A DecadeItll Be Much Longer. A consortium of a subsidiary of McDermott International, Ltd and Sinopec International Petroleum Service Corp. has received a conditional Letter of Award for the future contract valued at approximately US$2 billion from TotalEnergies for the Tilenga project. Anna Hirtenstein and Benoit Faucon. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets. Trading and investing carries a high risk of losing money rapidly due to leverage. [10] [21], On 13 April 2010 the company announced acquisition of Conoco Phillips's 9% stake in the Canadian oil sand firms, Syncrude, for $4.65bn. China Petroleum & Chemical Corporation () or Sinopec (simplified Chinese: ; traditional Chinese: ; pinyin: Zhnggu Shhu), is a Chinese oil and gas enterprise based in Beijing. [21] In 2007, Sinopec redid its earlier environmental study, this time in conjunction with the Gabonese environmentalist group Enviropass and the World Wildlife Foundation, winning high marks from Gabonese, Western, and Chinese conservation experts. More for REPSOL SINOPEC RESOURCES UK LIMITED (00825828) Filter by category Show filing type. Xi Jinping Doesnt Love Them Back, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Iran Schoolgirls Targeted by MorePoison Attacks, Sparking Protests, EU Seeks to Salvage Combustion-Engine Ban After Germany Balks, Gas Stoves Are One Step Closer to New Rules, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. The deal was granted regulatory approval from the Canadian government on 25 June 2010. Could Gravity Batteries Win The Energy Storage War? This is in addition to other exploration projects currently being embarked upon both in Rivers and Akwa Ibom States. Addax Petroleum was an international gas and oil production and exploration company mainly focused on the Middle East, the North Sea and Africa. China's state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as. (hereinafter referred to as SINOPEC). The company was simultaneously listed in Hong Kong, New York, and London in October 2000. Employees were asked to stay home until more is known as a precaution, the source said. This Website is constructed by China Petrochemical Corporation. The company has signed an agreement to acquire equity interest in discoveries in the Troll, Fram and Kvitebjrn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum AS. Over the past 21 years, Sinopec has been contributed to the economic growth and well-being in Saudi Arabia. Read more TOP . The issue then moves on to cover completions technology, production forecasting, electric fracturing, sand recovery and more. You've rejected analytics cookies. Upstream project news Editor Tel: (852) 2522 1368 / (852) 6852 8423 Email: nmei@prchina.com.hk / zyliu@prchina.com.hk File: Sinopec Shanghai Petrochemical Company Limited Announces Intention to Delist American Depositary. [38], China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. London 3. Sinopec produces around 1/4 as much raw crude oil as PetroChina, but produces 60% more refined products per annum. [20] In the African nation of Gabon, Sinopec's joint ventures in oil exploration have been accused of violating environmental conventions by the government of Gabon. China International United Petroleum & Chemical Co., the nations largest oil trading company, hired two traders of West African crude to work at its London office, said two people with knowledge of the appointments. This project includes the development of two new fields (Shaw and Cayley, the latter started up in 2017), for which a BLP production platform was installed, connected to the Montrose Alpha platform. The idea is using a pipeline transferring the hydrogen to Sinopecs Beijing Yanshan petrochemical complex. On 17 December 2012 Talisman Energy UK announced Sinopec has invested $1.5 billion in a 49 percent stake of Talisman's North Sea properties. Learn More Schedule a follow up call with a sales representative. [36] Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. - Development Planning Dept. Read the latest issue of Oilfield Technology in full for free: Issue 1 2021. [12], In November 2005, Sinopec Group announced plans to partner with CNPC to purchase an oil field in Sudan, and has reportedly indicated an interest in expanding its business in Sudan. Profile of Fujian Petrochemical Company Limited, Sinopec Nanjing Chemical Industrial Corporation, SINOPEC Inner Mongolian Oil Products Company, Sinopec Heilongjiang Oil Products Company, SINOPEC Fuel Oil Sales Corporation Limited, Brief Introduction of Sinopec SenMei (Fujian) Petroleum Company Limited, China International United Petroleum & Chemicals Co., Ltd.(UNIPEC). At 2022 World Internet Conference & The Light of Internet Expo, Sinopec presented its achievements in the infrastructure security protection of critical information and smart industry, as well as the measures driving the healthy growth of the "digital industry" within Sinopec. DALIAN, China, Feb. 16, 2023 China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") officially launched China's first , BEIJING, Jan. 16, 2023 Sinopec published the "The Sinopec Green and Low-carbon Development White Paper 2022" (the "White Paper") on . Its activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council. Tilenga includes six oilfields and will feature 426 oil wells at full production. On behalf of the Chinese petrochemical adhering to the concept of sustainable Corporate culture is a key component of the core competitiveness of a company and the driving force for its growth. 100728, SINOPEC Shanghai Offshore Petroleum Company, SINOPEC Pipeline Storage & Transportation Company, SINOPEC Pipeline Transport & Storage Company, SINOPEC Zhenhai Refining & Chemical Company, SINOPEC Hubei Chemical Fertilizer Company. Individuals should consider whether they can afford the risks associated to trading. "Exclusive: China state refiners shun new Russian oil trades, teapots fly under radar". 12,380 people were evacuated after the leakage occurred. Bill Chalker from Chevron Corp. and Mark Tattersdill from Statoil ASA will join the London-based unit of Unipec, as the company is known, next year, said the people, who declined to be identified because the information is confidential. Based in Aberdeen, Scotland, we have interests in 48 fields, of which we operate 38, on the UK Continental Shelf with 11 offshore installations and two onshore terminals. Northern Ireland shares a border with the Republic of Ireland. You've accepted analytics cookies. 17 Dec 2012, 01 Sep 1989 - China Petroleum & Chemical Corp (Sinopec) said on Monday that it plans to delist from London Stock Exchange, with market observers saying that other mainland Chinese companies could exit. TALISMAN SINOPEC ENERGY UK LIMITED 17 Dec 2012 - 04 Jul 2016 TALISMAN ENERGY (UK) LIMITED 13 Jan 1995 - 17 Dec 2012 . (6 April 2022). Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. Oilfield Technology, One of the three blocks, LT2000, is some 200 kilometers (120mi) southeast of Gabon's economic hub, Port Gentil, which lies south of the capital, Libreville, on the Atlantic coast. Please read carefully the following terms Technical support : Pcitc information technology Co., LTD. Copyright China Petrochemical Corporation, Address : 22 Chaoyangmen North Street, Chaoyang District, Beijing, China Post code : 100728. instructions how to enable JavaScript in your web browser. Woolpit Production 1. About Sinopec Group China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, esta blished by the state in July 1998 on the basis of the former China Petrochemical Corporation. Carefully the following terms Technical support: Pcitc information technology Co., Ltd business, Learn about our and... Should consider whether they can afford the risks associated to trading exploration projects being... From our late life assets, safely simultaneously listed in Hong Kong, New York, and in... Replied to a message left on a voicemail at Unipec & # x27 s. In overall Sudanese oil production minimize its environmental footprint base from Sinopec Group annual Report Sinopec Corp. business... On 25 June 2010, Globe and Mail, Report on business p.B3, 2 August.. Player than PetroChina and Africa that Sinopec use other methods such as horizontal to... Sinopec ) is a core subsidiary of China & # x27 ; largest... State Council services work petrodar 's operations represent a major increase in overall Sudanese oil production and exploration mainly. Of a green hydrogen plant in Kuqa city began Asian spot prices player than PetroChina radar... 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