Nobody replied to a message left on a voicemail at Unipec's office in London. document.write(write_html); Luis Polo has been appointed Chief Executive Officer, Repsol Sinopec Resources UK Limited, effective 1 March 2023. Sinopec produces around 1/4 as much raw crude oil as PetroChina, but produces 60% more refined products per annum. Employees were asked to stay home until more is known as a precaution, the source said. 2019 Repsol Sinopec Resources UK Limited. [42] The project will also be powered by a 1000-megawatt solar power station.[43]. 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This is the second such work from home request from an oil firm in two weeks, after U.S. supermajor Chevron told last week its 300 employees in Londons Canary Wharf business district to work from home after an employee reported flu symptoms after returning from a trip. Exclusive contributions come from Rystad Energy, Archer, Weatherford, Halliburton, CGG, NOV, TETRA Technologies, Clariant and more. "China Sinopec tenders to sell up to 45 LNG cargoes for 2022". 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. Over the past 21 years, Sinopec has been contributed to the economic growth and well-being in Saudi Arabia. Choose our premium Central London office at 167-169 Great Portland Street, W1. Sinopec Zhongyuan Petrochemical Corp. Ltd. [23], In October 2011, the company offered C$2.2 billion ($2.1 billion) to acquire Canadian oil and gas firm Daylight Energy. Editor Trading and investing carries a high risk of losing money rapidly due to leverage. [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. Save to read list Are you familiar with our STEM initiatives? Callanish 4. [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. Sinopec Limited was established as a joint stock entity under the China Petrochemical Corporation Group (Sinopec Group) in February 2000. [15], In August 2009, Sinopec completed a takeover of Geneva-based Addax Petroleum for $7.5 billion marking China's biggest foreign takeover. +1 (855) 464-5402 Client Support Having trouble logging in? You can change your cookie settings at any time. "This is a first step which allows launching the detailed engineering and procurement activities before the final approval by the Partners. Why? The company held a promotion conference for compliance management and fully initiated compliance management. The bank is considering a new . Individuals should consider whether they can afford the risks associated to trading. In 2023, we will, as always, do our best to make it possible. 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. Chen Aizhu and Florence Tan. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint. Copyright China Petrochemical Corporation. 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). Great Britain is bordered to the north and west by the Atlantic Ocean, to the east by the North Sea, to the south by the English Channel, and to the west by the Irish Sea. [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. 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. SINOPEC Fujian Refining & Chemical Co., Ltd. Sinopec SenMei (Fujian) Petroleum Company Limited. instructions how to enable JavaScript in your web browser. Upstream project 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. [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]. Headquarters China Address No. [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. Address: 22 Chaoyangmen North Street, Chaoyang District, Beijing, China Postcode: Sinopec indeed had previously taken over Addax Petroleum with numerous assets in Nigeria and Cameroon. Northern Ireland shares a border with the Republic of Ireland. Funded by the State, it is a State authorized investment arm and State-owned controlling company. Read the latest issue of Oilfield Technology in full for free: Issue 1 2021. Learn More Schedule a follow up call with a sales representative. [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. 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. 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. Zhongyuan Oilfields Petrochemical Company, a unit of Sinopec, had failed to meet waste water treatment requirements and had been ordered to pay a pollution fine and operations had to be halted, according to the State Environmental Protection Administration (SEPA). "Exclusive: China state refiners shun new Russian oil trades, teapots fly under radar". 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. "This important step further strengthens years of successful collaboration with TotalEnergies on a wide portfolio of world-class projects in the Offshore, Petrochemicals and LNG segmentswhere TotalEnergies is a major stakeholder," said Samik Mukherjee, McDermott's Group Senior Vice President for Projects. 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. [24] Daylight was renamed Sinopec Daylight Energy Ltd. after it was taken over in December 2011. 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. For full functionality of this site it is necessary to enable JavaScript. You've rejected analytics cookies. In December 2005, Petrodar announced that its first shipment of crude oil would be shipped from Sudan in January 2006. }. China Petroleum & Chemical (Sinopec) is a core subsidiary of China Petrochemical, or Sinopec Group. Published by Nicholas Woodroof, Construction on the Ulanqab project is slated to start construction in December 2023, with completion scheduled for June 2027. Under the contract China, for the first time, bought Gabonese crude oil. 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. We use some essential cookies to make our services work. 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. Sinopec Group Annual Report Sinopec Corp. 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. (Office of the Leading PartyMember Group) - Party Affairs & Employee Relations Dept. Brits are braced for chilly weather after the forecaster predicted more wintry conditions this month. Sinopec released the top 10 oil and gas exploration achievements in 2022. [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. [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. 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. 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. [11], Sinopec signed an evaluation deal with Gabon in 2004. [39], Guangdong Provincial Environment Bureau (GPEB) had also issued a red sign warning to 19 companies, including Sinopec Guangzhou, in February 2008. 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. 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. This documentary-style series follows investigative journalists as they uncover the truth. [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). 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. [9], In August 2013, Sinopec acquired a 33% stake in Apache Corporations oil and gas business in Egypt for $3.1 billion. Contact the PR Team at press@sojern.com Partner With Us 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. 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 This is in addition to other exploration projects currently being embarked upon both in Rivers and Akwa Ibom States. Sinopec Group is the largest oil and petrochemical products suppliers and the second largest oil and gas producer in China,. [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. due by Equinor to acquire equity interest in five North Sea discoveries, McDermott, Sinopec consortium land EPCC contract for TotalEnergies' Tilenga project. The other two DR200 and GT2000 - are around 100 kilometres (62mi) northeast of Port Gentil, according to the Gabonese oil ministry. Ruth Kent, a Chevron spokeswoman in London, also declined to comment. [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. 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. Annual Report SINOPEC was the the second largest company on the Global Fortune 500 list in 2020 based on revenues. 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. 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. Legal Notice - Privacy statement - Cookie policy - Sitemap. 30 September 2023, Last accounts made up to Our Standards: The Thomson Reuters Trust Principles. 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. Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/09062021/mcdermott-sinopec-consortium-land-epcc-contract-for-totalenergies-tilenga-project/. Scotland reported its first case of coronavirus on Monday, while Public Health England (PHE) said that widespread transmission of the infection in the UK was highly likely.. 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. Start Trading CFDs Over 2,200 Different Instruments, Goldman Sees Oil Price Spike In 2024 As Spare Capacity Runs Thin. [41], In November 2021, construction of a green hydrogen plant in Kuqa city began. - Development Planning 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. Electricity supply will derive from a wind farm of 1.7 gigawatts (GW) and a solar farm of 804 megawatts (MW). In March 2013, China Petroleum and Chemical Corp agreed to pay $1.5 billion for Sinopec Group's overseas oil and gas-producing assets. Formal contract award remains subject to Tilenga Partners approval. 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. Three onshore fields were to be explored. if(window.innerWidth<=1023){var write_html='
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