Chevron’s $1 Billion Sale of China Oil Fields Stalls
Thursday, Mar. 23, 2017 - Chevron Corp.'s sale of its stakes in Chinese offshore oil fields operated by state-owned CNOOC Ltd. has stalled, people with knowledge of the matter said.Bids that Chevron received for its interests in three fields in China's Bohai Bay didn&r
On June 24, 2008, officials with Shell, QPI, Qatar’s Ministry of Energy and Industry, and China National Petroleum Corp. (CNPC) signed a letter or intent to begin joint preliminary studies to assess the viability of building an integrated refinery and petrochemical complex and marketing its products in China.
China Petroleum & Chemical Corporation (Sinopec Corp) is a China-based energy and chemical company. The Company through its subsidiaries engages in oil and gas and chemical operations in the People’s Republic of China (PRC).
China National Offshore Oil Corporation (CNOOC) is one of the largest state-owned oil companies, and the largest offshore oil and gas producer in China. Established in 1982, the Company has its headquarters in Beijing. It now has 65,800 employees and registered capital of RMB 94.9 billion.