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SNP Articles

Updated throughout the day. Sinochem (NYSE: SNP) has given up on its bid for Potash (NYSE: POT) (Reuters) GM should have mid-November IPO (Reuters) Wal-Mart (NYSE: WMT) has renewed it bid for Russian...
Reuters: CNOOC offered $1.1 billion for a part of Chesapeake Energy, a deal the US may not approve. Reuters:   Pressure to investigate mortgage practices has begun to build for banks. Reuters:  ...
Reuters:   The American Sociology Review said a group of mortgages aimed at racially segregated neighborhoods helped cause the mortgage crisis. Reuters:   Sanofi-Aventis made an $18.5 billion...
Reuters:   Hewlett-Packard (NYSE: HP) named the former CEO of SAP (NYSE: SAP) as CEO and a former president of Oracle (NASDAQ: ORCL) as chairman. Reuters:   A trade  by Waddell & Reed...
What is the easiest way to drive down a price without stopping orders?  Telling suppliers that you may have to cut orders in the months ahead.  There are many things that affect the price of oil...
Reuters:   Kenneth Feinberg took over the BP plc $20 billion escrow account. Reuters:   Americans are confused about healthcare reform according to a new poll Reuters:   Sinochem approached...
Sinopec, officially China Petroleum & Chemical Corp. (NYSE:SNP), has initiated a program to evaluate shale gas deposits in the southern part of the country. Estimates of the size of the potential...
Norway’s Statoil ASA (NYSE: STO) has agreed to sell a 40% stake in its deepwater Peregrino field offshore Brazil to China’s Sinochem Group for $3.07 billion. Statoil retains its 60% share and...
Penn West Energy Trust (NYSE:PWE) is the latest beneficiary of Chinese interest in the Canadian oil sands. China Investment Corp., a state-owned sovereign wealth fund, has agreed to invest about...
Like oil refiners everywhere, China Petroleum and Chemical Co. (NYSE:SNP), better known as Sinopec, had a tough year in 2009. The company’s revenues were down nearly 7%, but EPS was up more than...
Updated throughout the day. Sinopec (NYSE: SNP) will sell $2.93 billion in bonds (WSJ) Research-in-Motion (NASDAQ: RIMM) has set a goal of 100 million customers worldwide (Globe & Mail) Douglas...
The oil sands deposit in western Canada has been called many things, but Canadian researcher and writer Alastair Sweeney may be the first to call them a “calming, stabilizing force in the world....
Crude oil prices are back above $85 and seem ready to breach $90. The leg from $69 to $85 which began in February had hit a plateau, but optimism about the global economic recovery is likely to...
For the seventh consecutive month, Chinese demand for crude oil has increased by double digits over demand just one year ago. Demand in March grew by 12.8% year-over-year. The demand increase has...
The BBC reports that crude traded over $85 on the first day after the Easter weekend reaching $85.31 a barrel for light crude. The news service identified the US jobs number from Friday as the...