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Article archive for PCEC;

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China's first deep-water floating wind power platform sets sail 03 April 2023

On March 26, China's first deep water floating wind power platform "CNOOC Guanlan" set sail in Zhuhai, Guangdong. This marks a key step for CNOOC's offshore oil and gas development as it looks to enter its "Green Power Era"....

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Saudi Aramco signs MoU with Shandong Energy Group 14 December 2022

On December 7, the Saudi oil and gas giant Saudi Aramco and Shandong Energy Group signed a strategic cooperation agreement in Jinan to jointly develop project opportunities for refining and chemical integration in China....

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Sinopec and INEOS sign $7 billion project cooperation agreement 13 December 2022

On December 7, INEOS and Sinopec signed a series of joint venture cooperation agreements with a total value of around $7 billion (£5.7bn). The agreement includes three headline deals, including INEOS acquiring a 50% stake in Shanghai Secco, a subsidiary of Sinopec....

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Sinopec invests £2.35 billion in green hydrogen in Inner Mongolia 08 December 2022

Sinopec is advancing plans to build a large-scale green hydrogen project in Inner Mongolia, which will help Sinopec become China's largest hydrogen energy company. Sinopec will invest 20 billion yuan (£2.35 billion) in the project in Ulanqab, Inner Mongolia....

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CNOOC invests almost $2 billion in world's largest deepwater oilfield 06 December 2022

On December 1, CNOOC announced the acquisition of a 5% interest in the Petrobras-operated Búzios project in Brazil, the world's largest deepwater oilfield, for US$1.913 billion (£1.57bn). As a result, it became the largest partner of Petrobras in the oilfield....

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CNOOC, Shell and ExxonMobil sign Memorandum of Understanding to evaluate the potential for 10-million-ton CCUS project 27 July 2022

On June 27, CNOOC, Guangdong Provincial Development and Reform Commission, Shell and ExxonMobil jointly signed the Daya Bay Area CCUS Cluster Research Project Memorandum of Understanding to evaluate the potential for China's first large-scale CCS/CCUS cluster research project at sea....

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PetroChina's first water surface photovoltaic project connected to the grid in Daqing Oilfield 13 July 2022

Recently, PetroChina's first water surface photovoltaic project, Daqing Oilfield Spark Water Surface Photovoltaic Demonstration Project, was connected to the grid for power generation, which also marked the overall acceleration of PetroChina's new energy business development....

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China's largest oil and gas field adds new energy to its main business 27 June 2022

On June 17, PetroChina held a virtual conference detailing its corporate social responsibility (CSR) for its Changqing oil field, the first time the company has released a CPR report to the public. PetroChina said that “new energy” will become the main business focus of the Changqing field, China’s largest oil and gas field, as it looks to actively respond to climate change....

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China builds first national carbon measurement centre 24 May 2022

China’s State Administration for Market Regulation has approved the establishment of the National Carbon Measurement Center (Inner Mongolia), the country’s first national carbon measurement centre....

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CNOOC signs contract to manufacture 12 LNG carriers 19 May 2022

China National Offshore Oil Company (CNOOC) has signed contracts for the construction of 12 liquefied natural gas (LNG) carriers worth 16 billion yuan (£1.9bn) – the largest investment in LNG ship construction ever in China....