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 ...

China’s top oil and gas companies are selling off underperforming assets and streamlining operations as part of ongoing ...

This is not the first time Sinochem has explored divesting from international oil assets. Since 2017, the company has also been attempting to sell its 40% stake in Brazil's Peregrino oilfield ...

Sinochem Holdings is a Chinese state-owned industrial conglomerate which operates in eight business sectors including life sciences, materials science, petrochemicals, environmental sciences ...

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Prio, a Brazilian oil company, is in discussions to purchase the remaining 60% stake in the offshore Peregrino oilfield from ...