[15], In August 2009, Sinopec completed a takeover of Geneva-based Addax Petroleum for $7.5 billion marking China's biggest foreign takeover. 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. Please sign in or register for free. Choose our premium Central London office at 167-169 Great Portland Street, W1. [39], Guangdong Provincial Environment Bureau (GPEB) had also issued a red sign warning to 19 companies, including Sinopec Guangzhou, in February 2008. 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. Sinopec is headquartered in Beijing, China. 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, Petroleum Engineering Technology Services, Refining and Chemical Engineering Services, 22 Chaoyangmen North Street, Chaoyang District, Beijing, China. 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. Brits are braced for chilly weather after the forecaster predicted more wintry conditions this month. articles a month for anyone to read, even non-subscribers! [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. "China Sinopec tenders to sell up to 45 LNG cargoes for 2022". The other two DR200 and GT2000 - are around 100 kilometres (62mi) northeast of Port Gentil, according to the Gabonese oil ministry. [45], Zhnggu Shyu Hugng Gfn Yuxin Gngs, Globe and Mail, Report on Business p.B3, 2 August 2013. Headquartered in Beijing, UNIPEC is a wholly-owned subsidiary of China petroleum & Chemical Corporation (Sinopec) and is china's largest international trade company. 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. }. All quotes delayed a minimum of 15 minutes. 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. 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. 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. "Russian Oil Producers Stay One Step Ahead of Sanctions". [36] Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. [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. 13 Jan 1995, 03 Nov 1964 - Why? Oil & gas news. 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. [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. In August 2005, Petrodar commenced production of oil in blocks 3 and 7 in South-east Sudan. "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. Bletchley 4. Oilfield Technologys first issue of 2021 begins with a look at US tight oils prospects this year. [8] Sinopec is the largest oil refiner in Asia by annual volume processed. Ruth Kent, a Chevron spokeswoman in London, also declined to comment. 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. 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". Read the latest issue of Oilfield Technology in full for free: Issue 1 2021. Annual Report Woolpit Production 1. if(window.innerWidth <= 1023){ This Website is constructed by China Petrochemical Corporation. 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. Copyright 2023 Palladian Publications Ltd. All rights reserved | Tel: +44 (0)1252 718 999 | 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. In the future, we are committed to closer and multi-aspect collaborations in KSA and contributing to Saudi Vision 2030. more Sinopec Corp China Petroleum & Chemical Corporation is a vertically integrated energy & chemical company that is engaged in oil & gas exploration and production. [19] Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. Three onshore fields were to be explored. Merchant of Record: A Media Solutions trading as Oilprice.com, That email address is already in the database. LONDON (Reuters) - London employees at Unipec, the trading arm of Chinas state oil firm Sinopec, have been told to work from home after an employee exhibited coronavirus-like symptoms, a source familiar with the matter said. The authorities in the UK advise returning travelers to self-isolate and avoid contact with other people if they had recently traveled to China and other countries in Asia to northern Italy or to Iran. Liberty Industrial Ltd has been awarded contract for the decontamination, demolition and site remediation of Nigg Oil Terminal. He was relieved of post in 2007. Chen Aizhu and Florence Tan. 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. Employees were asked to stay home until more is known as a precaution, the source said. 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. We use some essential cookies to make our services work. The Site, Services and Content (defined below) may be changed or updated from time to time without notice. Work began in 2Q21 and first oil is expected in 2025. Luis Polo has been appointed Chief Executive Officer, Repsol Sinopec Resources UK Limited, effective 1 March 2023. 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. Unipec is the trading arm of China. 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. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint. 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. The idea is using a pipeline transferring the hydrogen to Sinopecs Beijing Yanshan petrochemical complex. - Development Planning Dept. [38], China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. Sinopec Limited was established as a joint stock entity under the China Petrochemical Corporation Group (Sinopec Group) in February 2000. Address: 22 Chaoyangmen North Street, Chaoyang District, Beijing, China Postcode: 100728 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. Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Our people are the key to our success, and unlocking your potential is the key to unlocking ours. We are present in the United Kingdom with our Upstream businesses. Funded by the State, it is a State authorized investment arm and State-owned controlling company. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. 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. +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. Alfreton 2. (hereinafter referred to as SINOPEC). Callanish 4. 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. The rebels, the Ogaden National Liberation Front (ONLF), later released the seven abductees and warned foreign companies against working in the area. The U.S. oil giant is working on a plan to have the staff return to work from office, it said two days ago. Sinopec has 4 employees across 58 locations and 2.42 t in annual revenue in FY 2021. Headquarters China Address No. The bank is considering a new . Read the latest issue of Oilfield Technology in full for free: Issue 1 2021. This prestigious project demonstrates the continuity and strength of our business relationship with TotalEnergies and their partners CNOOC International of China and Uganda National Oil Company (UNOC)," said Tareq Kawash, McDermott's Senior Vice President, Europe, Middle East, Africa. Registered office address changed from Suite 1, 3rd Floor 11-12 st. James's Square London SW1Y 4LB England to Suite 1, 7th Floor 50 Broadway London SW1H0BL on 13 October 2022 You've accepted analytics cookies. 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. SINOPEC Fujian Refining & Chemical Co., Ltd. Sinopec SenMei (Fujian) Petroleum Company Limited. Addax Petroleum was an international gas and oil production and exploration company mainly focused on the Middle East, the North Sea and Africa. [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. [42] The project will also be powered by a 1000-megawatt solar power station.[43]. if(window.innerWidth<=1023){var write_html='