Acquisitions and Divestitures News in China

PetroChina Agreed to Sell Major Pipeline Assets
7/23/2020 - PetroChina entered into the Transaction Agreements with PipeChina on 23 July 2020, pursuant to which the Group has agreed to sell, and PipeChina has agreed to purchase, the Target Assets, the consider...
Cargotec’s MacGregor Received Clearance from Chinese Competition Regulator
7/15/2019 - MacGregor, part of Cargotec, has received a clearance decision from the Chinese competition regulator, SAMR, for the company’s acquisition of the marine and offshore businesses of TTS Group ASA. Based...
CNOOC Signs Petroleum Contract with PetroChina
4/24/2019 - CNOOC Limited has announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block. ...
CNOOC Signs a PSC with Smart Oil
4/12/2019 - CNOOC Limited (CNU) announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Bo...
Aramco Signs Agreements to Acquire Stake in Zhejiang Integrated Refining & Petrochemical Complex
2/22/2019 - Saudi Aramco signed three Memoranda of Understanding (MoUs) aimed at expanding its downstream presence in the Zhejiang province, one of the most developed regions in China. The company aims to acquire...
CNOOC Signs PSC with Empyrean for Block 29/11
9/30/2018 - CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Empyrean Energy for Block 29/11 in the South C...
Zhao Dong PSC Extension Agreement Signed Between Roc Oil & Petrochina
9/3/2018 - On 28 August 2018, Roc Oil (Bohai) Company (Roc Oil), a wholly owned subsidiary of Roc Oil Company Limited (ROC), has signed the Seventh Modification and Supplementary (Production Period Extension) Ag...
CNOOC Signs a PSC with Roc Oil and Smart Oil
7/3/2018 - CNOOC Limited (CNU) announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Roc Oil (Bohai) Company (Roc Oil) and Smart ...
CNOOC Signs PSCs with Husky
5/18/2018 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Husky Oil Operations (China) Limited (Husky) f...
China Sells Exploration Rights for Three Oil And Gas Blocks in Xinjiang
1/26/2018 - China has sold exploration rights for three oil and gas exploration blocks in the remote northwest Xinjiang region for more than 2.7 billion yuan ($422 million), the Xinhua news agency reported. ...
AWE Receives Indicative Proposal to Acquire 100% of AWE
11/30/2017 - AWE has received an unsolicited, non-binding, indicative and conditional proposal from China Energy Reserve and Chemical Group Australia, which is a subsidiary of China Energy Reserve and Chemical Gro...
CNOOC Signs South China Sea PSC with SK Innovation
9/5/2017 - CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with SK Innovation for Block 17/08 in the South China...
CNOOC Signs PSC with Husky
4/14/2017 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with Husky Oil Operations (China) Limited (Husky) for Bl...
Empyrean Energy Awarded Block Offshore China
12/15/2016 - AIM-listed Empyrean Energy has been awarded a permit for 100% of the exploration rights for Block 29/11, located in the Pearl River Mouth Basin, offshore China, following a successful application to t...
Anton Signs Strategic Cooperation Agreement with HBP & Geo-Jade
12/15/2016 - Anton Oilfield Services, a leading independent oil and gas field technical service provider in China, has signed an in-depth strategic cooperation agreement with China Oil HBP Science & Technology Co ...
Three Firms Vie for BP's China Petrochemicals Plant
9/15/2016 - At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said. ...
Bankers Petroleum Announces Safe Approval for Proposed Arrangement
9/9/2016 - Bankers Petroleum Ltd. (Bankers) is pleased to announce that the proposed plan of arrangement (the "Arrangement") with affiliates of Geo-Jade Petroleum Corporation ("Geo-Jade") has received Chinese St...
CNPC Sells $3.8 Bln of Engineering Assets to Listed Unit
9/9/2016 - China National Petroleum Corp (CNPC), the country's largest state energy group, will sell $3.8 billion worth of engineering related assets to a listed arm as part of a push to restructure its non-core...
CNPC Selling $11B in Financial Assets to Listed Unit in Reform Push
9/6/2016 - China National Petroleum Corp (CNPC), the country's largest state energy group, will sell $11 billion worth of financial assets to a listed unit as part of the state giant's reform plan to restructure...
Primeline Files Notice of Arbitration Against CNOOC
6/9/2016 - Primeline Energy Holdings Inc. (“Primeline” or the “Company” references to which include its subsidiaries) (TSXV: PEH) today announces that it has sent a Notice of Arbitration to China National Offsho...

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