Brazil's Prio talks to Sinochem about buying Peregrino Oil Field stake
In a filing with the Securities and Exchange Commission on Wednesday, Brazilian oil company Prio said that it is in discussions with Sinochem of China about the…
Sources say that Sinochem, a Chinese company, plans to withdraw from its US shale joint venture with Exxon.
Sinochem, a Chinese state-backed oil company, plans to sell its 40% stake, worth upwards of $ 2 billion, in a U.S. joint venture with Exxon Mobil, according to people familiar with the situation.
15 Bids in To Market Guyana Governent Crude
Guyana received bids from 15 different companies aiming to market the government's share of the crude produced off the South American country's coast, according…
China Grants Zheijang First Private Fuel Export License
China has granted Zhejiang Petroleum & Chemical Co (ZPC) a license to export refined oil products, making it the first private oil refiner to win such permission…
Angola Resisting Pressure to Taper Oil Output
Angola is resisting pressure by OPEC's de-facto leader Saudi Arabia for a steeper oil output cut to comply fully with record supply curbs, OPEC and industry sources…
China Issues Second Batch Fuel Export Quotas
China has issued 28 million tonnes of refined fuel export quotas in the second allotment for this year, little changed from the first batch of 27.99 million tonnes issued last December…
CPIH, Equinor Team Up on Offshore Wind
Chinese power giant China Power International Holding (CPIH) and Norwegian energy firm Equinor have inked a memorandum of understanding (MoU) to cooperate on offshore…
Sinochem raises 2019 term oil supply from Saudi Aramco, Kuwait
China's Sinochem Group agreed to annual crude oil supply deals for 2019 with Saudi Aramco and Kuwait Petroleum Corp (KPC) with volumes from both suppliers more than 20 percent higher than in 2018…
Sinochem Pilots Blockchain for Gasoline Export Shipment
Sinochem Energy Technology Co. Ltd., a subsidiary of Sinochem Corporation, has successfully used blockchain technology for a shipment of gasoline from China's Quanzhou to Singapore…
Texas Flood: U.S. Oil Pours into Global Markets
United States taking share from OPEC nations in Asia, Europe, as China’s biggest U.S. crude buyer to double imports. In the two years since Washington lifted a 40-year ban on oil exports…
Shell Nabs Sinochem Crude Trader for Singapore Desk
Royal Dutch Shell has hired a former manager in Sinochem's London office to help bolster its crude oil trading into the Chinese market, sources told Reuters. Zheng Qingpu…
Unipec, Vitol Win Oil Supply Contract for Bangladesh
Unipec and Vitol have won a tender to supply oil products to Bangladesh, two government sources with direct knowledge of the matter said on Wednesday. Bangladesh…
Sinochem No Longer Pursuing Stake in Noble Group
China's state-owned Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader…
Noble Group's Shares Plunge, Elman Steps Down
Decline in shares is biggest on record. Noble Group Ltd reported a quarterly loss that pummelled its shares by a record 33 percent, stoking worries the Singapore…
Noble Group Records Small 2016 Profit
Some units operated below potential due to capital constraints; posts full year profit of $8.7 mln vs huge loss year ago. Noble Group Ltd reported a net profit of…
Statoil to Close Beijing R&D Office
Norway's Statoil has decided to close down its Beijing-based research and development department as part of ongoing cost cuts, it told Reuters on Wednesday. "As part of our efforts to reduce costs…
China Gobbles up Angolan Oil in Rush to Year End
China's loadings of West African crude are set to hit their highest in more than two years in November as the nation's refineries race to stock up and offset falling domestic oil production…
Umicore, Sinochem Expected to Bid for Total's Atotech
Chemicals groups Umicore and Sinochem are among the groups interested in German surface finishing and metal plating company Atotech, put on the block by France's oil giant Total…
Oil Traders who know China, with good heads for liquor
Over 40 traders, others hired away from major Chinese firms. Chinese independent oil companies are luring traders, marketers and risk managers away from dominant state behemoths…
Growing Chinese Debt Squeezes Angola
Debts to China climb to an estimated $25 billion; Angola has less oil to sell to plug budget holes. Angola has found itself with a dwindling amount of crude to sell…
