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Tag Archives: CNOOC

Exclusive – China’s Sinopec in talks to buy $3 billion chemical plant shut over safety: sources

BEIJING – Chinese state energy giant Sinopec Corp <0386.HK> is in advanced talks on taking a controlling stake in petrochemical firm Dragon Aromatics, which operates one of the country’s biggest chemical plants, three sources with knowledge of the matter said. The discussions come after the independent petrochemical firm suffered a second major fire in less than two years at the ...

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Alberta regulator lets Nexen reopen some Long Lake pipelines

TORONTO – Alberta’s energy regulator said late on Sunday it will allow Nexen Energy, the Canadian subsidiary of China’s CNOOC Ltd, to reopen some pipelines ordered closed following a major spill. The Alberta Energy Regulator said it would allow a restart of 40 of 95 pipelines closed at Nexen’s Long Lake oil sands operations after reviewing maintenance and monitoring documentation. ...

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Nexen expects Long Lake oil sands shutdown to take two weeks

CALGARY – Nexen Energy, the Canadian subsidiary of Chinese state-owned CNOOC Ltd, is shutting down its Long Lake oil sands operations in northern Alberta in response to an emergency regulatory order, a company spokeswoman said on Tuesday. Nexen estimated the shutdown process would take up to two weeks as it suspends pipeline operations and attempts to demonstrate to the Alberta ...

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China halts operations of 3 oil, gas facilities close to residences

SHANGHAI – Three Chinese energy firms were told by local authorities in China to halt operations, after massive blasts at a warehouse in Tianjin last week raised public concerns that some facilities storing hazardous materials are too close to homes and schools. The Tianjin port warehouse, which had stored about 700 tonnes of the deadly chemical sodium cyanide, was 600 ...

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Uganda’s ‘oil rush’ town stuck in the slow lane

HOIMA, Uganda – Before the discovery of large amounts of oil in Lake Albert, Hoima was a forlorn and remote town in Western Uganda, whose main sources of income were farming and the trickle of tourists heading to nearby national parks. A decade later, an oil-fueled boom is transforming the town nearest the lake, with smart new office blocks and ...

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Two Chinese energy executives under investigation

BEIJING – Two senior energy executives are under investigation, authorities in China said on Thursday, as a corruption crackdown on state-owned enterprises continues to fell top officials. The deputy general manager and board member of state-run China Southern Power Grid, Xiao Peng, is under criminal investigation for “work-related crimes,” the procuratorate in Guangdong province said in a statement on its ...

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