PRINT Copyright © 2020 He recently stepped down from the position of CEO of of Repsol-Sinopec Resources UK, after five years in the position. In recent news, Ithaca last month shared its total proved and probable reserves (“2P”) and resources (“2C”) as at June 30, 2020. Get ETEnergyworld's top stories every morning in your email inbox. In China, there are three dominant players in the space and all are listed on the Hong Kong Stock Exchange – CNOOC Limited (SEHK:883), China Petroleum & Chemical Corp (also known as “Sinopec”) (SEHK:386) and PetroChina Company Limited (SEHK:857). The deal shows how some buyers are taking advantge of the heavily oversupplied market, with industry sources saying many producers were taking part in the tender. China's long-term gas demand is expected to grow, supported by the country's push to shift to the cleaner fuel from coal. All Rights Reserved. Sinopec Oilfield Service Corporation (SSC), a subsidiary under Sinopec Group, is China's largest integrated petroleum engineering and technology service provider as well as the first to offer offshore oil/gas exploration services. China's long-term gas demand is expected to grow, supported by the country's push to shift to the cleaner fuel from coal. He has served as Chair of the MER UK Technology Leadership Board and been a Board Member of both OGUK and The Oil and Gas Technology Centre. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. The low price slope to Brent crude also shows how persistent Qatar could be in the current market environment. The total resource base is comprised of 191 MMboe 2P reserves and 67 MMboe 2C resources. Eric Watkins OGJ Oil Diplomacy Editor LOS ANGELES, Jan. 13-- Burma Petroleum Co. Ltd, a joint venture of Sinopec International Petroleum Corp. and Myanmar Oil & Gas … FRIENDS, At a recent Asia Pacific oil summit IOC chairman S.M. We use cookies to ensure the best experience for you on our website.If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET EnergyWorld. They have been estimated to be 258 million barrels of oil equivalent (“MMboe”). It is designed to give readers an informative overview of the month's major industry news while focusing on market reviews, product and technical information, directories, events and objective profiles. Follow @ETEnergyworld for the latest news, insider access to events and more. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Fire breaks out at ONGC plant in Gujarat's Surat5 hrs ago, Without incentives, Tata Power Renewables not keen on new plants5 hrs ago, Sinopec has agreed to pay at a slope of 10.19 per cent to Brent crude on a delivered ex-ship basis, said one of the sources, 100000+ Industry Leaders read it everyday, How did you hear about us? Bosses at Repsol Sinopec Resources UK (RSRUK) are looking to push on with remote working practices after seeing an “improvement in performance” during the Covid-19 lockdown. The gasoline and diesel can be produced which specifications meet the requirement of … UK-focused Oil and gas company Ithaca Energy has appointed former Repsol Sinopec CEO Bill Dunnet as its new CEO. Dunnet will take over the CEO role from his predecessor Les Thomas. The slope to Brent means that the price of LNG is calculated as a percentage to a Brent crude contract. Oil and gas exploration and production (E&P) companies are usually giants in their own right. Taking into account approximately 13 MMboe of production in the first half of 2020, the Company’s 2P reserves outlook is essentially unchanged compared to the year-end 2019 evaluation, as is the 2C resource outlook, Ithaca said.