First Oil Flows From Chinese Major’s Bohai Sea Shallow Water Asset
Wedoany.com Report-Jul. 22, CNOOC Limited, a subsidiary of China National Offshore Oil Corporation, has commenced production at the Kenli 10-2 Oilfields Development Project (Phase I) in the southern B...
China’s May Refinery Throughput at 9-Month Low on Plant Overhauls
Wedoany.com Report-Jun 16, China’s crude oil throughput declined by 1.8% year-on-year in May, reaching its lowest level since August 2023, according to official data released on Monday. The Nati...
Chinese Giant Augments Hydrocarbon Production as Oilfield Project Goes Live
Wedoany.com Report-Jun 10, China National Offshore Oil Corporation (CNOOC), a state-owned oil and gas company, has commenced production at the Weizhou 5-3 oilfield development project in the South Chi...
Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales
Wedoany.com Report-Apr. 29, On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, listed on the...
China’s CNOOC Discovers 100 Mln-Ton Oilfield in South China Sea
Wedoany.com Report-Mar 31,The China National Offshore Oil Corporation announced on Monday that it has discovered a major oilfield in the eastern South China Sea, with proven reserves exceeding 100 mil...
PetroChina Reports Record 2024 Net Income on Higher Production
Wedoany.com Report-Mar 31, PetroChina (601857.SS), Asias largest oil and gas producer, on Sunday said annual net profit rose 2% to a record high, as moderately higher production helped to offset lower...
CNOOC Profit Rises on Increased Oil and Gas Drilling Output
Wedoany.com Report-Mar 27, China’s largest offshore oil and gas driller said net income rose to 137.9 billion yuan ($19 billion) in 2024, from 123.9 billion yuan the previous year, according to ...
Sinopec Reports Slump in Full-Year Profit as Headwinds Mount
Wedoany.com Report-Mar 25, Sinopec’s full-year profit tumbled 16% amid sluggish demand, with China’s oil consumption likely nearing a peak. Sinopecs full-year profit tumbled 16 percent ami...
Oilfield With 100 Million Tons of Shale Oil Reserve Certified in E.china
Wedoany.com Report-Mar 24, The Shengli Oilfield, under China Petrochemical Corp (Sinopec Group), the countrys largest oil refiner, said its Jiyang shale gas oilfield has officially passed a review and...
Sinopec’s 2024 Net Profit Plunges 16.8% Due to Falling Oil Prices, NEVs
Wedoany.com Report-Mar 24, China Petroleum & Chemical Corp (600028.SS), known as Sinopec, reported a 16.8% decline in 2024 net profit on Sunday, citing lower crude oil prices and the accelerated devel...