KMG, Sinopec and MOL will Begin Developing a Gas Field in Kazakhstan by 2024
The estimated production volume will be about 1 billion cubic meters. m per year, explained the head of Kazmunaigas Magzum Mirzagaliev The Kazakh oil and gas company Kazmunaigas (KMG), the Chinese Sinopec and the Hungarian MOL plan to begin developing the Rozhkovskoye gas field in western Kazakhstan by the end …
Sinopec Pulled Out of Mansouriya Gas Project in Iraq
Chinese Sinopec has withdrawn from the Mansuriya gas field in Iraq, a representative of the Iraqi Ministry of Oil said at the presentation of blocks of new licensing rounds, writes Energy Intelligence. The Chinese company won the contract to develop the project with reserves of 4.5 trillion cubic feet in …
Sinopec Discovers Gas Field in China’s Sichuan
Sinopec discovers a new field in Bazhong County with over 30 billion cubic meters of shale gas reserves Chinese state-owned oil and gas company Sinopec has discovered a new field in Sichuan province. The Bazhong field is located in the northeastern part of the province, and is considered the third …
Udmurtneft Celebrates 50 Years Since the Development of the Mishkinskoye Field
Udmurtneft (operated by NK Rosneft and the Chinese Petrochemical Corporation Sinopec) celebrates 50 years since the start of the development of the Mishkinskoye oil field, one of the largest in the territory of the Udmurt Republic. The Mishkinskoye field was put into commercial operation in August 1973. The cumulative production …
Sinopec Starts Drilling Asia’s Deepest Oil & Gas Well
The Yuejin 3-3 (1-3-3XC) well will be drilled in the Shendi-1 section of the Shunbei oil and gas field in the Tarim Basin. The well is being built in the difficult conditions of the Takla Makan desert in the Xinjiang Uygur Autonomous Region in northwest China. According to Sinopec, the …
Shell Leads All Oil and Gas Brands as COVID, Ukraine and ESG Issues Disrupt Global Brand Values
Shell is world’s most valuable brand in oil and gas, valued at US$49.9 billion Aramco retains second place globally with 16% brand value growth ADNOC grows strongly, benefits from top brand guardian CEO in industry China’s PetroChina and Sinopec struggle, behind continuing COVID curtain Petronas is world’s strongest oil and …
Production of Udmurtneft – A Joint Venture Between Rosneft and Chinese Sinopec – Reached 320 Million Tons of Oil
Udmurtneft, a joint venture between Rosneft and the Chinese Petrochemical Corporation Sinopec, has produced the 320-millionth tonne of oil since the field began operating in 1969. Udmurtneft became not only the largest oil producing company in the territory of Udmurtia, but also the first example of successful international cooperation between …
Sinopec Awards eDrilling Decision Support Software Contract
eDrilling has been awarded a contract by Sinopec for our real time optimization software. Sinopec is to integrate this into their own (Sinopec Sripe) Drilling Automation solutions. Sinopec Sripe is an affiliate of Sinopec Group – it is a drilling research and development organization, responsible for engineering strategy and deployment …
NOVATEK Creates a Joint Venture in China with Sinopec and Gazprombank
Today, during the official visit of the President of the People’s Republic of China Xi Jinping to the Russian Federation, PAO NOVATEK (“NOVATEK” and/or the “Company”), Sinopec and Gazprombank signed Heads of Agreement (“Agreement”) on establishing a joint venture to market LNG and natural gas to end-customers in the People’s …
Gazprom and Sinopec to be Top Spenders Across Oil and Gas Value Chain with Capex Totalling up to US$259.1bn by 2025, says GlobalData
Gazprom and China Petrochemical Corp (Sinopec) are the top spenders among global oil and gas companies, in terms of new build capital expenditure (capex) to be spent on planned and announced projects across the oil and gas value chain during 2018–2025, according to leading data and analytics company GlobalData. The …