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China Petroleum & Chemical Corp (0386.HK)

0386.HK on Hong Kong Stock

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Tue, Apr 23 2019

UPDATE 1-China's Sinopec resumes U.S. oil imports after 6-month halt- sources

* VLCC Maran Artemis waiting off Qingdao to discharge U.S. oil

Shell enters China's shale oil scene with joint study with Sinopec

SINGAPORE Royal Dutch Shell has entered China's shale oil sector, signing an agreement with state-owned Sinopec to study an East China block, part of the nation's early efforts to unlock the potentially massive unconventional resource.

UPDATE 1-Shell enters China's shale oil scene with joint study with Sinopec

* Shell, Sinopec to jointly study East China's Dongying trough

RPT-China's Sinopec dials back oil-purchase strategy after record Q4 loss -sources

* Oil-purchase strategy blamed for record Q4 loss of $700 mln

China's Sinopec dials back oil-purchase strategy after record Q4 loss -sources

* Oil-purchase strategy blamed for record Q4 loss of $700 mln

China's Sinopec dials back oil-purchase strategy after record fourth-quarter loss: sources

SINGAPORE China's Sinopec Corp has ended a five-year crude oil purchasing strategy to rein in the speculative derivatives activity of its trading arm Unipec after a record trading loss late last year, four people with direct knowledge of the matter told Reuters. Sinopec, Asia's largest crude oil buyer and its largest refiner, in January abandoned a buying formula used since 2014 to establish performance targets for Unipec and aimed at driving down its crude feedstock costs to a p

UPDATE 1-Papua New Guinea LNG project to supply Sinopec unit

April 2 The ExxonMobil operated Papua New Guinea LNG project has agreed a deal to supply liquified natural gas (LNG) to a unit of China Petroleum & Chemical Corp , Australia's Santos, a partner in the project, said on Tuesday.

Papua New Guinea LNG project to supply Sinopec unit

April 2 The ExxonMobil operated Papua New Guinea LNG project has agreed a deal to supply liquified natural gas (LNG) to a unit of China Petroleum & Chemical Corp , Australia's Santos, a partner in the project, said on Tuesday.

China's Sinopec lifts upstream capex to four-year high, plans record crude runs

BEIJING Asia's top refiner China Petroleum & Chemical Corp (Sinopec) boosted spending on exploration and production by 41 percent last year as crude oil reserves tumbled at its biggest oilfield.

UPDATE 1-China's Sinopec lifts upstream capex to four-year high, plans record crude runs

* Q4 profits dampened by trading arm losses (Adds detail, background)

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