China National Petroleum Corp. already spent more money this year on energy assets than any other global producer. Oil and gas fields controlled by Exxon Mobil Corp. and Russia’s OAO Rosneft may be next on the list.
China National Petroleum Corp., the country’s biggest energy company, agreed to acquire a 35 percent stake in Royal Dutch Shell Plc ’s oil and gas unit in Syria in a deal an analyst said may be worth $1.5 billion.
China National Petroleum Corp. lost hundreds of millions of yuan on liquefied natural gas imports to help meet the country’s winter fuel demand, China Business News reported , citing a company official based at an LNG terminal.
Microsoft Corp. asked China to stop the alleged use of pirated versions of its Office software by China National Petroleum Corp. and three other state-owned companies, three people familiar with the situation said.
China National Petroleum Corp., the country’s biggest energy producer, offered to buy a stake in Woodside Petroleum Ltd.’s Browse liquefied natural gas project in Australia, two people with knowledge of the matter said.
Hugo Chavez leaves his successor the task of reviving Venezuela’s oil fields after the late president’s policies of limiting investment and expelling U.S. drillers reduced production by 13 percent over the past decade.