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2014-04-11 18:30:00

SHELL & CNPC: LNG DEAL

SHELL & CNPC:  LNG  DEAL

Royal Dutch Shell and the China National Petroleum Corp (CNPC) have signed an agreement for projects in deep sea exploration, LNG, upstream and downstream, CNPC announced.

The agreement was signed by Shell chief executive Ben van Beurden and CNPC chairman Zhou Jiping in Beijing on Tuesday.

Shell also plans to partner with CNPC to build a US$12.6 billion refinery and petrochemical complex in eastern China, a project that could become the single largest foreign investment in the country.

The Dutch supermajor is also a major supplier of LNG to China, securing gas from its global gasfields in Australia, Qatar and elsewhere.

"The two companies will strengthen long-term worldwide co-operation in unconventional resources, deep water, LNG, and upstream and downstream businesses," CNPC said.

"Both agree to take soft power as an integral part in various fields of cooperation, and to promote the strategic partnership between the two sides to a higher level."

A Shell spokesperson said to Upstream: "In line with Shell's strategic priorities in China, we have signed with CNPC a global alliance agreement that reconfirms both parties' commitment to our existing strategic partnership in China and around the world.

"Under the agreement, the companies also commit to expanding bilateral project cooperation into softer areas of the business including HSE management, corporate social responsibility, human resources, corporate culture, technology innovation as well as international management."

OILONLINE

Tags: SHELL, CNPC, LNG

Chronicle:

SHELL & CNPC:  LNG  DEAL
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

SHELL & CNPC:  LNG  DEAL
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

SHELL & CNPC:  LNG  DEAL
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

SHELL & CNPC:  LNG  DEAL
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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