There was only one story in offshore this week, the news that Greek shipowner Evangelos Marinakis has doubled down on this bet on the platform supply vessel (PSV) market by making the single biggest order in the entire segment in the last decade. His Capital Offshore has placed an order for four firm diesel-electric, DP2, […]
The post COLUMN | Drip, drip, drip: Marinakis orders eight PSVs; DSOC jackup moves; Paratus and Northern Ocean raise capital [Offshore Accounts] appeared first on Baird...
Japan’s shipping company NYK has concluded a long-term time-charter contract for LNG transportation with […]
The post NYK and Sinopec sign LNG transportation charter deal appeared first on Offshore Energy.
https://www.offshore-energy.biz/nyk-and-sinopec-sign-lng-transportation-charter-deal/
Chinese powerhouses Cosco Shipping Energy and Sinopec Kantons Holdings, a subsidiary of China Petroleum […]
The post Sinopec and Cosco Shipping order three 175,000 cbm LNG carriers at Dalian appeared first on Offshore Energy.
Sinopec, the Chinese state-owned oil and gas company, said on its official social media account that it had signed a shareholder agreement with QatarEnergy in Doha on April 12 to purchase a 1.25% stake in the North Field East expansion project, as reported by S&P Global.
LNG expansion projectChina’s Sinopec has acquired a 1.25% stake in Qatar’s North Field East LNG expansion project, which will add 32 million mt/year of capacity. The stake comes from a 5% interest in...
https://mfame.guru/sinopec-acquires-1-25-stake-in-qatars-north-field-east-lng/
Sinopec Corp., commonly known as China Petroleum & Chemical Corp. (600028.SS), reported a 6.9% fall in net income for 2022 as a result of Beijing’s COVID-19 control measures and a decline in petrochemical consumption, as reported by Reuters.
Sales tumbledAccording to Chinese accounting norms, net profit last year was 66.3 billion yuan ($9.65 billion), down from 71.21 billion yuan in 2021, the largest Asian oil refiner reported in a stock exchange filing on Sunday.
Sinopec...
https://mfame.guru/due-to-covid-limitations-sinopecs-2022-net-profit-declines-by-6-9/
(Bloomberg) China’s state-owned oil refining giants are speeding up purchases of Russian crude, citing the allure of cheap cargoes from the OPEC+ producer as demand recovered after Covid Zero was ditched. China…
https://gcaptain.com/chinas-oil-giants-want-more-russian-crude/
By Andrew Mills (Reuters) QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive…
https://gcaptain.com/china-signs-quarter-century-lng-deal-with-qatar/
QatarEnergy and China Petroleum & Chemical Corporation (Sinopec) have entered into a 27-year sale […]
The post Qatar and China sign 27-year LNG supply deal appeared first on Offshore Energy.
https://www.offshore-energy.biz/qatar-and-china-sign-27-year-lng-supply-deal/
SINGAPORE, Jan 19 (Reuters) – China’s Sinopec Corp has issued a tender to sell up to 45 cargoes of liquefied natural gas for 2022 deliveries, in a rare sell tender…
https://gcaptain.com/chinas-sinopec-issues-tender-for-up-to-45-lng-cargoes/
China is reshaping global shipping fuel markets by taking advantage of its booming maritime trade, says an article published in Reuters.
Reshaping global shipping fuel marketsChina is reshaping global shipping fuel markets by taking advantage of its booming maritime trade and massive refining capacity to undercut rivals from Singapore to South Korea and become the world’s fastest-growing major marine fuel hub.
China’s marine fuels output surgeChina’s rising influence in marine fuels, globally...