All Posts Tagged With: "SNP"
(XOM) Chinese Oil Companies: How to Play the Inevitable Shift
It’s crazy to think that in just the last three years, China has become the world’s second largest economy, the world’s largest energy consumer, and the world’s second largest oil consumer.
A recent PriceWaterhouseCoopers report even estimates, “China could...
(CEO) CNOOC Finds Gas in Yinggehai
Chinese offshore giant CNOOC Ltd. (CEO) has made another breakthrough in the high temperature and high-pressure natural gas reservoir in Yinggehai Basin.
The new discovery made in Dongfang (DF) 13-2...
(PTR) PetroChina Buys into Canadian Asset
Chinese energy giant PetroChina Co. Ltd. (PTR) inked an asset acquisition deal with Royal Dutch Shell plc (RDSA). Per the agreement, PetroChina...
(BMY) Company News for January 04, 2012 – Corporate Summary
• Share prices of natural gas producer Devon Energy Corp (NYSE:DVN) gained 6.63% after the company announced it would sell a stake in five of its exploratory projects across the U.S., to Sinopec International Petroleum...
(SNP) China Petroleum and Chemical Boosts Aussie LNG Stake
China Petroleum and Chemical Corporation (SNP), aka Sinopec has agreed to increase its stake in the Queensland-based Australia Pacific liquefied natural gas (LNG) project by 10%, taking its...
(GOOG) Is Google the New Goldman Sachs?
by Garrett Baldwin, Investment U...
(SNP) China Petroleum and Chemical Corporation-Henan Win Chinese Blocks
China Petroleum and Chemical Corporation, or Sinopec (SNP) and Henan Provincial Coal Seam Gas Development and Utilization Co. were awarded a shale gas block each by the Chinese...
(PBR) Petrobras and Partners Strike Oil
Brazilian oil giant Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of two levels of high-quality crude oil at a well in the country’s ultra deepwater pre-salt Campos...
(VLO) Oil & Gas Industry Outlook – May 2011 – Industry Outlook
OUTLOOK
Crude Oil
The improving economic scene –- both here in the U.S. as well as worldwide –- and the continued unrest in producing countries had been the main driver of the oil rally that saw the commodity zoom...
(SNP) China Petroleum and Chemical Corporation First Quarter Aided by Higher Prices
China Petroleum and Chemical Corporation (SNP), aka Sinopec, reported first quarter 2011 earnings per share of 0.236 yuan ($3.59 per ADS), up 26% year over year. Net income increased 25.2% from the prior-year...
(FTK) ValuEngine Weekly Newsletter April 8, 2011
VALUATION WATCH: Our models find that overvaluation is approaching critical levels. Overvalued stocks now make up almost 64% of our universe and 30% of the universe is calculated to be overvalued by 20% or more. All Sectors are calculated to be overvalued.
What’s...
(COP) ConocoPhillips Announces Long-Term China Petrochemical Corporation Deal
Global integrated oil giant ConocoPhillips (COP), along with Origin Energy Ltd. entered into a long-term deal with China Petrochemical Corporation (
2Mar2011 | vitalstocks | 0 comments | Continued(CEO) CNOOC’s to Acquire 50% Interest in China United Coal Bed Methane Company
China National Offshore Oil Corporation (or CNOOC Group), the parent company of CNOOC Ltd. (CEO), is heading toward an agreement to acquire 50% interest in China United Coal Bed Methane Company Limited (“CUCMB”)...
(PTR) PetroChina Company Limited Announces Sale of Pipeline Stake
PetroChina Company Limited (PTR) is planning to sell its stake in a gas pipeline operator to its subsidiary Kunlun Energy Co. for approximately $2.9 billion. The decision has been taken by...
(CEO) Profit As China Invests in Argentina
by Tony D’Altorio, Investment U Research
Monday, December 20, 2010
China’s...
(CVX) China Petroleum and Chemical Scores Offshore in Indonesia
China Petroleum and Chemical Corporation (SNP or Sinopec), one of the largest petroleum and petrochemical companies in Asia, has signed a deal with Chevron (
6Dec2010 | vitalstocks | 0 comments | Continued(LMNX) Luminex Earns FDA Approval for New Diagnostic Test
Luminex Corporation (LMNX), a developer of biological testing technologies, has commenced the commercial launch of its first pharmacogenetic test following its recent approval by the U.S. Food and Drug Administration...
(PTR) New Kids on the Oil Block are China’s Oil Companies
by Tony D’Altorio, Investment U Research
Wednesday, November 10,...
(SNP) Sinopec, CNOOC Step up for Brazilian Oil and Gas Companies Bid
China’s initiative to acquire overseas properties seems likely to continue with the recent bidding process for stakes in assets owned by the Brazilian oil and gas companies OGX SA. Sinopec (SNP) and CNOOC...
(SUN) Double-Dip Means Double Trouble for U.S. Refiners – Play the Gasoline Boom $$
by David Fessler, Energy and Infrastructure Expert
Friday, August 27, 2010:...
(CEO) CNOOC 2010 First Half Earnings Report is Robust
CNOOC Ltd. (CEO) reported its first-half 2010 results. Net profit in the period increased 109.6% year over year to 25.99 billion yuan ($3.8 billion).Earnings per share were 58 yuan per ADR ($8.5).
Total...
(PTR) PetroChina Continues Overseas Investment in Properties
China’s initiative of acquisition of overseas properties seems likely to continue with the recent announcement of PetroChina Co. Ltd. (PTR) to invest $60 billion to increase its overseas oil and gas production...
(COP) ConocoPhillips Sells Syncrude Stake to Sinopec
ConocoPhillips (COP) has entered into a definitive agreement with Sinopec (SNP) to sell its 9.03% interest in the Canadian Syncrude operations...
(SHI) Sinopec Shanghai Petrochemical Company Analyst Maintains Neutral
We are maintaining our Neutral recommendation on Sinopec Shanghai Petrochemical Company Limited (SHI) with a target price of $42.
Sinopec Shanghai, one of China’s largest petrochemical companies,...
(SNP) Sinopec Strengthens Exploration and Production Exposure
To boost its exploration and production (E&P) exposure, China’s largest refiner and marketer of refined petroleum products, China Petroleum and Chemical Corporation (SNP), or Sinopec, is acquiring deepwater...
(SNP) China Petroleum and Chemical’s 2009 Net Doubles
Today, China Petroleum and Chemical Corporation (SNP), aka Sinopec, reported its annual results for year ended December 31, 2009. Earnings per ADS in 2009 were $10.38, compared to the Zacks...
(SNP) Sinopec and BP plc Are In Talks For Shale Gas
Sinopec (SNP), the Chinese oil giant, is in talks over a possible collaboration with BP plc (BP) in shale gas development. This discussion...
(PTR) PetroChina Company’s Canadian Project Earns Government OK
PetroChina Company Ltd. (PTR), the largest integrated oil company in China, gained approval from the Canadian government to acquire a majority stake in two oil sands projects in western Canada for C$1.9 billion...
(SNP) Chinese Refiners May Face Challenges
With a significant pace of expansion in processing capacity, Asia’s largest refiner, China Petroleum and Chemical Corporation or Sinopec (SNP) believes that the macro environment will be challenging in the...
(MRO) Marathon Oil to Offload Angola Offshore Stake
Integrated energy major Marathon Oil Corp. (MRO) announced the sale of its 20% interest in a block offshore Angola for $1.3 billion. In this regard, Marathon has reached an agreement with a unit of Angola’s...