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Caixin Global

Articles from Caixin Global

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<ul><li>A wave of mergers and acquisitions in the oil and gas sector has offered opportunities for Chinese companies to optimize their overseas assets, but uncertainty in the offshore investment environment is also rising, a report by a think tank part of state-owned oil giant China National Petroleum Corp. (CNPC) found.</li><li>The total value of global oil and gas mergers and acquisitions skyrocketed to more than $250 billion last year, including mega deals involving ExxonMobil and Chevron, making 2023 the largest upstream annual spend in more than a decade.</li><li>“The competitive landscape is reshaping, and the era of mega mergers in the industry has arrived,” Wu Moyuan, vice president of CNPC Economic and Technological Research Institute, said Wednesday at the release of the report.</li></ul>

A wave of mergers and acquisitions in the oil and gas sector has offered opportunities for Chinese companies to optimize their overseas assets, but uncertainty in the offshore investment environment is also rising, a report by a think tank part of state-owned oil giant China National Petroleum Corp. (CNPC) found.The total value of global oil and gas mergers and acquisitions skyrocketed to more than $250 billion last year, including mega deals involving ExxonMobil and Chevron, making 2023 the largest upstream annual spend in more than a decade.“The competitive landscape is reshaping, and the era of mega mergers in the industry has arrived,” Wu Moyuan, vice president of CNPC Economic and Technological Research Institute, said Wednesday at the release of the report.

Global Oil and Gas Consolidation Offers Chinese Firms Opportunities for Deals, Report Says 

Cross Asset Strategy

<ul><li>Israel-Palestine /Cover Story: Hamas attack on Israel reignites region’s cycle of violence</li><li>Fraud /: Hong Kong takes aim at banking fraud as complaints surge</li><li>Securities /: China tightens rules for short selling to prop up stocks</li></ul>

Israel-Palestine /Cover Story: Hamas attack on Israel reignites region’s cycle of violenceFraud /: Hong Kong takes aim at banking fraud as complaints surgeSecurities /: China tightens rules for short selling to prop up stocks

CX Daily: Hamas Attack on Israel Reignites Region’s Cycle of Violence

China

China Petroleum and Chemical Corporation (Sinopec) refines, produces and trades petroleum and petrochemical products such as gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers. Also, The company explores for and produces crude oil and natural gas in China.

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China Petroleum & Chem Adr (SNP US)

Global Oil and Gas Consolidation Offers Chinese Firms Opportunities for Deals, Report Says

A wave of mergers and acquisitions in the oil and gas sector has offered opportunities for Chinese companies to optimize their overseas assets,...

Caixin Global

CX Daily: Hamas Attack on Israel Reignites Region’s Cycle of Violence

Israel-Palestine /Cover Story: Hamas attack on Israel reignites region’s cycle of violence Fraud /: Hong Kong takes aim at banking fraud as...

Caixin Global

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