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China shuts down damaged Sinopec pipeline

Last Updated: Wednesday, November 27, 2013, 18:14

China Wednesday permanently shut down a section of an oil pipeline in east China's coastal Qingdao city after it suffered heavy damage following the recent deadly explosions that killed 55 people.

China oil pipeline explosion kills 35 people

Last Updated: Friday, November 22, 2013, 15:12

An explosion due to fire in a leaking oil pipeline killed at least 35 people and wounded dozens others in the city of Qingdao in China on Friday.

French oil giant sells stake in Nigerian offshore

Last Updated: Tuesday, November 20, 2012, 16:07

French oil giant Total has announced that it has sold 20 percent of its stake in a Nigerian oilfield to Sinopec, a subsidiary of China Petrochemical Corporation.

China's Sinopec reports $3.89 billion loss in H1

Last Updated: Sunday, August 26, 2012, 21:22

Earnings per share shrank 40.6 percent to 0.282 yuan from a year earlier, the company said in a statement filing to the Shanghai Stock Exchange.

Brazilian oil giant announces contracts worth $4.5 bn

Last Updated: Saturday, July 21, 2012, 09:39

Brazilian state-controlled oil giant Petrobras and its partners BG Group, Petrogal Brasil and Repsol Sinopec will sign 10 contracts worth USD 4.5 billion for the construction of oil vessel processing plants.

Sinopec to pay $1.1 bn for extra equity in APLNG

Last Updated: Monday, January 23, 2012, 11:16

China's Sinopec will pay USD 1.1. billion to take an additional 10 percent interest in the USD 20 billion Australia Pacific LNG project, bringing the total equity it has in it to 25 percent, Australia's Origin Energy said on Monday.

Sinopec finds deepest gas field in China

Last Updated: Saturday, September 17, 2011, 15:46

China's energy company Sinopec said it has discovered a natural gas field with around 160 billion cubic meters of proven reserves, deposited nearly 7 km underground.