Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertiliser and oil giant with almost $100 billion in annual ...

Sinochem acquired the stake from Pioneer Resources in 2013 for $1.7bn, with production from the JV's land at around 10,000 barrels of oil equivalent per day (boepd) at the time.

China's state-backed Sinochem is planning to sell its 40% stake in the Wolfcamp joint venture with Exxon Mobil (NYSE:XOM) in the Permian Basin, hoping to fetch at least $2B, and has hired Barclays ...

After several years of rumors, the planned merger of Sinochem and ChemChina, two Chinese state-owned chemical conglomerates, has been confirmed. Frank Ning, chairman of both companies since 2018 ...

FILE PHOTO: A man rides past the office building of Sinochem in Beijing, China February 21, 2017. REUTERS/Damir Sagolj/File Photo. By Chen Aizhu.

Pioneer Natural Resources agreed to sell a 40% stake in 207,000 acres in West Texas's Wolfcamp Shale to Chinese conglomerate Sinochem in a deal worth $1.7 billion, the third-biggest single ...

Pioneer Natural Resources Company has inked a farm out agreement with a U.S. subsidiary of Sinochem Group for a portion of the company's acreage in the horizontal Wolfcamp Shale play for $1.7 billion.

Sinochem plans to raise $3.2 billion to $5.5 billion from an initial public offering in Shanghai, with the proceeds funding an oil-refining project based in the Fujian port city of Quanzhou.