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. We aim to maximise returns from our late life assets, safely. [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). 30 September 2023, Last accounts made up to Sinopec indeed had previously taken over Addax Petroleum with numerous assets in Nigeria and Cameroon. The Site, Services and Content (defined below) may be changed or updated from time to time without notice. Embed article link: (copy the HTML code below): This article has been tagged under the following: Upstream news Editor 17 Dec 2012, 01 Sep 1989 - In the Chinese New Year of Rabbit, welcome to the thousand-year-old Langzhong, the cradle of the Spring Festival culture in Chinas Sichuan Province. 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. 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. Electricity supply will derive from a wind farm of 1.7 gigawatts (GW) and a solar farm of 804 megawatts (MW). Set up your account today. Founded in 1995, UNIPEC is China's largest trading company and has established business. SINOPEC Fujian Refining & Chemical Co., Ltd. Sinopec SenMei (Fujian) Petroleum Company Limited. While the country is set to . We have established a dedicated, integrated team focused on late life optimisation and executing decommissioning, as one. [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. 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. Sinopec Group is the largest oil and petrochemical products suppliers and the second largest oil and gas producer in China,. 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. In 2022, we delivered what we promised. (Office of the Leading PartyMember Group) - Party Affairs & Employee Relations Dept. Start Trading CFDs Over 2,200 Different Instruments, Goldman Sees Oil Price Spike In 2024 As Spare Capacity Runs Thin. Address: 22 Chaoyangmen North Street, Chaoyang District, Beijing, China Postcode: 100728 (6 April 2022). [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]. Formal contract award remains subject to Tilenga Partners approval. Sinopec released the top 10 oil and gas exploration achievements in 2022. Unipec is the trading arm of China. 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. The project will be led from McDermott's offices in West of London, UK, and Sinopec's office in Yangzhou, China, before transitioning to Uganda for the construction activities. 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. "This is a first step which allows launching the detailed engineering and procurement activities before the final approval by the Partners. It will consist of 31 well pads connected to a central processing facility (CPF) via buried flowlines. Individuals should consider whether they can afford the risks associated to trading. London 3. Preparation Work Scopes Decommissioning Programme. (1 June 2022). The U.S. oil giant is working on a plan to have the staff return to work from office, it said two days ago. Headquarters China Address No. 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. Chen Aizhu and Florence Tan. 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. Its activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council. Read the latest issue of Oilfield Technology in full for free: Issue 1 2021. 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. Get started now for absolutely FREE, no credit card required. Funded by the State, it is a State authorized investment arm and State-owned controlling company. [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. [19] Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. Why? Its business mainly covers. 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. See here for a complete list of exchanges and delays. 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. Register for free 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. [36] Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. 13 Jan 1995, 03 Nov 1964 - 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. [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. Contact tech support. Next accounts made up to 31 December 2022 Discover our net zero emissions commitment. [38], China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. Unipecs staff working in London were asked to stay home until more is known as a precaution, the source told Reuters. Bradford 3. Alfreton 2. Construction on the Ulanqab project is slated to start construction in December 2023, with completion scheduled for June 2027. 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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. He was relieved of post in 2007. SNOW will hit the UK in days with temperatures plunging to 1C, the Met Office warned. [10] Shortly thereafter, Sinopec resumed production with more environmentally friendly methods. Email: enquiries@oilfieldtechnology.com. [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. Copyright China Petrochemical Corporation. var write_html = `