Upstream project news Ruth Kent, a Chevron spokeswoman in London, also declined to comment. [37], On 21 December 2006, gas started leaking during the drilling of a test well by the Sinopec Southern Prospecting and Development Branch in Quingxi. Set up your account today. Its business mainly covers. In 2023, we will, as always, do our best to make it possible. The company held a promotion conference for compliance management and fully initiated compliance management. Sinopec has 4 employees across 58 locations and 2.42 t in annual revenue in FY 2021. Read the latest issue of Oilfield Technology in full for free: Issue 1 2021. You've accepted analytics cookies. The United Kingdom's electricity supply mainly comes from fossil fuels like coal and oil. Sinopec Ltd. is involved in the production of various petroleum products, including gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers, in addition to exploration of crude oil and natural gas within China. Contact the PR Team at press@sojern.com Partner With Us Cinderford 5. Save to read list 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. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets. Headquarters China Address No. We aim to maximise returns from our late life assets, safely. Sinopec released the top 10 oil and gas exploration achievements in 2022. (hereinafter referred to as SINOPEC). You can change your cookie settings at any time. [33][34], In 2004, Sinopec prospected for oil in the 1,550 square kilometers of Loango National Park in southern Gabon and encountered criticism for what domestic and foreign environmental critics said were poor and damaging methods. 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. Chen Aizhu. 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. Could Gravity Batteries Win The Energy Storage War? 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. Three onshore fields were to be explored. [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. Embed article link: (copy the HTML code below): This article has been tagged under the following: Upstream news 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. 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. Published by Nicholas Woodroof, Discover all the products and services we have for you and your business, Learn about our scholarships and internships. Formal contract award remains subject to Tilenga Partners approval. This Website is constructed by China Petrochemical Corporation. Sinopec is headquartered in Beijing, China. 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. 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. Its activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council. All quotes delayed a minimum of 15 minutes. Individuals should consider whether they can afford the risks associated to trading. You've rejected analytics cookies. The cost of the construction is to amount to 3 billion yuan (US$470 million), and the plant will provide an annual production of 20,000 tons which will be supplied to Sinopec's Tahe refinery and production is to begin by June 2023. [30], China's imports of U.S. natural gas will more than double. Read more BASF's UK headquarters in Stockport. Sinopec Limited's parent, Sinopec Group, is the world's largest oil refining, gas and petrochemical conglomerate, headquartered in Chaoyang District, Beijing. This is in addition to other exploration projects currently being embarked upon both in Rivers and Akwa Ibom States. Sinopec Group Annual Report Sinopec Corp. Unipecs staff working in London were asked to stay home until more is known as a precaution, the source told Reuters. 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. 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. Later in the week, Chevron said on Saturday that the employee had tested negative for coronavirus. Russias Oil Production Rises Ahead Of OPEC+ Meeting, Putin Hints Russia May Participate In Newest Round Of OPEC Cuts, Markets Unfazed By $100 Billion Saudi Shale Plan. This Website is constructed by China Petrochemical Corporation. [19] Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. In December 2005, Petrodar announced that its first shipment of crude oil would be shipped from Sudan in January 2006. Copyright China Petrochemical Corporation. [35] Primatology professor Christophe Boesch of the US-based environmental organization, the Wildlife Conservation Society (WCS), criticized the use of dynamite and heavy machinery in exploration and road construction by Sinopec through park, noting that it might drive native gorillas deeper into the jungle, where they would be outside legal restrictions on hunting. document.write(write_html); Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 04 Jul 2016, 13 Jan 1995 - The rebels, the Ogaden National Liberation Front (ONLF), later released the seven abductees and warned foreign companies against working in the area. [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. We have established a dedicated, integrated team focused on late life optimisation and executing decommissioning, as one. Get Started Today Ready to start working with Sojern? Tilenga includes six oilfields and will feature 426 oil wells at full production. For the first time, the company released Sinopec Handbook of Integrity and Compliance Management . China petrochemical identification by chaoyang graphics, Chinese referred to as and English referred to as (SINOPEC) is composed of three parts. Pledges Additional $2 Billion In Security Assistance To Ukraine, Three Fires At Pemex Facilities In One Day, Russia Says Europe Will Struggle To Replace Its Oil Products, "Natural Gas Price Fundamental Daily Forecast Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas, 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers. Copyright 2023 Palladian Publications Ltd. All rights reserved | Tel: +44 (0)1252 718 999 | Electricity supply will derive from a wind farm of 1.7 gigawatts (GW) and a solar farm of 804 megawatts (MW). Brits are braced for chilly weather after the forecaster predicted more wintry conditions this month. The only daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. 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. On 31 October 2011 Addax acquired[16] Shell's 80% share of an exploration firm called Pecten that explores and drills in various offshore locations including the oil basin near Douala, Cameroon in cooperation with TotalEnergies. Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Over the past 21 years, Sinopec has been contributed to the economic growth and well-being in Saudi Arabia. (6 April 2022). State Environmental Protection Administration, an explosion at an abandoned Sinopec plastics and chemicals factory, "Wang Yupu > About Sinopec > Our Company > Board_of_directors", http://english.sinopec.com/about_sinopec/our_company/leadership/executive_committee/20080327/3119.shtml, http://www.sinopec.com/listco/en/investor_centre/reports/2017/20180325/news_20180325_819686549827.shtml, "Sinopec company prepares to produce green jet fuel | Biofuels International Magazine", "Quick facts: Petrochina vs. Sinopec and CNOOC", "Sinopec to pay $1.5 billion for parent's oil, gas assets", "Apache sells Egyptian oil stake to Sinopec for $3.1 billion, forms global JV", "China sells Sinopec oil stake to MCC Oil & Gas for $9.3 billion, forms global JV", "Sinopec signs evaluation deal for three oil blocks in Gabon", https://finance.yahoo.com/news/Addax-Petroleum-announces-cnw-268197338.html?x=0&.v=1, "China condemns raid on Sinopec oil field in Ethiopia - Radio86.co.uk", "Addax completes acquisition of Shell's stake in Pecten", "An MBendi Profile Organisation: Pecten Cameroon Company", "Aramco, Sinopec, Exxon sign Fujian refinery deal", "China's Sinopec, Total Gabon Sign Oil Deal", "China's Sinopec 'illegally' destroying Gabon", "UPDATE 1-Canada clears Sinopec to buy Syncrude stake", "Sinopec makes C$2.2bn bid for Canada's Daylight", "Sinopec makes $1.5bn investment in North Sea", "China's Sinopec sells Myanmar energy stake to Taiwan's CPC", "Sinopec signs China's largest long-term LNG contract with U.S. firm", "Sinopec signs huge LNG deals with US producer Venture Global", "Aramco and Sinopec to work on downstream projects in China", "Gabon/DRC: Chinese companies in the extractive Industries", "Official: 3rd attempt to cap SW China gas leak succeeds", http://www.chinacsr.com/2008/02/05/2086-sinopec-guangzhou-receives-warning-for-pollution/, "Sinopec starts construction of green hydrogen plant in Xinjiang - Xinhua", "Sinopec's green hydrogen ambitions: Five-year growth plan crucial to refiner's transition | Upstream Online", "Ex-Direktoriums-Chef von Sinopec in China zum Tode verurteilt", China Petroleum and Chemical Corporation, Sinopec, https://en.wikipedia.org/w/index.php?title=Sinopec&oldid=1142196699, This page was last edited on 1 March 2023, at 01:28. 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. Email: enquiries@oilfieldtechnology.com. Anna Hirtenstein and Benoit Faucon. Repsol Sinopec Resources UK Limited is a joint venture between Repsol and Sinopec. China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, established by the state in July 1998 on the basis of the former China Petrochemical Corporation Ma Yongsheng, Chairman, Secretary of the Leading Party Member Group Mr. Ma is a professor level senior engineer with a doctors degree and an academician of the Chinese Academy of Engineering 2019 saw complex and grim production and operation environment, with internal and external challenges rising sig-nificantly, global economic growth slowing down, international oil prices fluctuating at a wide range Sinopec Group - The Board of Directors - The Executive Management Team - General Administration Dept. 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. Sinopec said it had no plans to pull out of the resource-rich region despite the attack. Sinopec indeed had previously taken over Addax Petroleum with numerous assets in Nigeria and Cameroon. While the country is set to . Legal Notice - Privacy statement - Cookie policy - Sitemap. [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. Discover our net zero emissions commitment. The parent falls under the purview of China's State Council. 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. Chevron had sent staff to work from home as a precautionary measure to reduce the risk of potential exposure to the coronavirus, the U.S. supermajor said early last week. 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. +44 (0) 207 183 3787 Our Locations We have exclusive offices across the UK Choose from our prime business addresses London We have four offices located in the vibrant, beating heart of Central London to help boost your business profile and increase confidence in your brand. Work began in 2Q21 and first oil is expected in 2025. Sinopec Group, the largest shareholder of Sinopec Corp., is a super-large petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. 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. For full functionality of this site it is necessary to enable JavaScript. Addax Petroleum was an international gas and oil production and exploration company mainly focused on the Middle East, the North Sea and Africa. [36] Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. TALISMAN SINOPEC ENERGY UK LIMITED 17 Dec 2012 - 04 Jul 2016 TALISMAN ENERGY (UK) LIMITED 13 Jan 1995 - 17 Dec 2012 . instructions how to enable JavaScript in your web browser. 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 . To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. [10] HSBC Holdings Plc is looking for a new global headquarters less than half the size of its current space in London's Canary Wharf, according to the Sunday Times. 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 We use some essential cookies to make our services work. +1 (855) 464-5402 Client Support Having trouble logging in? 17 Dec 2012, 01 Sep 1989 - [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). [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. Luis Polo has been appointed Chief Executive Officer, Repsol Sinopec Resources UK Limited, effective 1 March 2023. 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. SINOPEC Fujian Refining & Chemical Co., Ltd. Sinopec SenMei (Fujian) Petroleum Company Limited. A Shanghai listing was completed in June 2001. Repsol Sinopec Resources UK is an oil and gas exploration and production company operating in the North Sea. Reporting by Julia Payne; Editing by Alison Williams and Mark Potter. [41], In November 2021, construction of a green hydrogen plant in Kuqa city began. 12,380 people were evacuated after the leakage occurred. We carry out production operations in the Shaw field, which is located in the MAR area (Montrose and Arbroath platforms) of the United Kingdom's North Sea. Petrodar's operations represent a major increase in overall Sudanese oil production. London 3. 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. 72 were here. Aramco, Exxon and Sinopec also signed contracts for a fuel marketing venture that will manage 750 service stations and a network of terminals in Fujian province. Preparation Work Scopes Decommissioning Programme. Oil & gas news. 22 Chaoyangmen North Avenue, Chaoyang District, Beijing, 100728 Website www.sinopec.com Telephone 86 10 59960028 No of Employees 385,691 Industry Energy and Utilities Ticker Symbol & Exchange 600028 (SHA) Revenue (2022) $424.9B 30.2% (2022 vs 2021) EPS XYZ [8] Sinopec is the largest oil refiner in Asia by annual volume processed. . Trading and investing carries a high risk of losing money rapidly due to leverage. The London office of Unipec has around 70 employees, including 11 traders, according to Bloomberg, which quotes a Companies House filing. [25], On 11 November 2011 Sinopec announced that the company will invest $5.2 billion in buying a 30 percent stake in the Brazilian unit of Galp Energia SGPS SA which discovered biggest reserved in the western hemisphere since 1976.[26]. if(window.innerWidth<=1023){var write_html='