China National Petroleum Corporation: Mergers & Acquisitions (M&A)

Project Synopsis:

more from S&P Credit Research

Research Update: CNPC Assigned 'AA-' Rating, Subsidiary CNPC Finance (HK) Ltd. Rated 'A+'; Outlooks Stable

Abstract: CNPC has an excellent business risk profile and a minimal financial risk profile. We believe there is an "extremely high" probability of extraordinary government support to CNPC in case of distress. We consider CPFHK as a strategically important subsidiary of CNPC. We assigned our 'AA-' long-term corporate credit rating to CNPC. We also assigned our 'A+' long-term corporate credit rating to CPFHK. The outlooks on both the ratings are stable. On April 8, 2011, Standard&Poor's Ratings Services assigned its 'AA-' long-term corporate credit rating to China National Petroleum Corp. (CNPC). We also assigned our 'A+' long-term corporate credit rating to CNPC Finance (HK) Ltd. (CPFHK). The outlooks on both the ratings are stable. At the same time, we

Brief Excerpt: RESEARCH Ratings Definitions PDF Research Update: CNPC Assigned '##-' Rating, Subsidiary CNPC Finance (HK) Ltd. Rated 'A+'; Outlooks Stable Publication date: 08-Apr-2011 Primary Credit Analyst: Lawrence Lu, CFA, Hong Kong (852)...
Datamonitor's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage.

Project Description:

Datamonitors' China National Petroleum Corporation Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments(To sell off or otherwise dispose of (a subsidiary company or an investment).), capital raisings, venture capital investments, ownership and partnership transactions undertaken by China National Petroleum Corporation since January 2007.

Scope:

- Provides intelligence on China National Petroleum Corporation's M&A, strategic partnerships and alliances, capital raising and private equity transactions.
- Detailed reports of various financial transactions undertaken by China National Petroleum Corporation and its subsidiaries since 2007.
- Information about key financial and legal advisors for China National Petroleum Corporation's financial deals transactions.
- Financial deals tables and charts covering deal value and volumes trend, deal types and geography-based deal activity.

Highlights:

This report includes China National Petroleum Corporation's contact information and business summary, tables, graphs, a list of partners and targets, a breakdown of financial and legal advisors, deal types, top deals by deal value, detailed deal reports, and descriptions and contact details of the partner, target, investor, and vendor firms, where disclosed.

The profile also includes detailed deal reports for all M&A, private equity, public offering, venture financing, partnership and divestment transactions undertaken by China National Petroleum Corporation. These deal reports contain information about target company financials, sources of financing, method of payment, deal values, and advisors for various parties, where disclosed.

Reasons to Purchase:

- Access comprehensive financial deals data along with charts and graph covering M&A, private equity, and partnerships and alliances.
- Form an independent opinion about China National Petroleum Corporation's growth strategies through the organic and inorganic activities undertaken since 2007.
- Track your competitors' business structure and growth strategies.


Source: Datamonitor Financial Deals
Document ID: 06B92CC0-459B-4C9D-B36F-E7CBAE76B7A9
Industry: Banking
Industry: Chemical
Free Sample: Click Here to Download
Format:
PDF Adobe Acrobat

Sections
Title
TABLE OF CONTENTS
COMPANY OVERVIEW AND KEY FACTS
MERGERS & ACQUISITIONS
--Mergers and Acquisitions - Overview
--Mergers and Acquisitions - Deal reports
CORPORATE VENTURING
--Corporate Venturing - Overview
--Corporate Venturing - Deal reports
PARTNERSHIP
--Partnership - Overview
--Partnership - Deal reports
DIVESTMENTS
--Divestments - Overview
--Divestments - Deal reports
APPENDIX
--About Datamonitor Financial Deals Database
--Deal Definition and Methodology
--About Datamonitor
--Datamonitor Professional Services Knowledge Center
LIST OF TABLES
--China National Petroleum Corporation activity by deal type - volume (trailing twelve months (TTM))
--China National Petroleum Corporation M&A activity by geography (TTM)
--China National Petroleum Corporation activity by deal type - volume (2007 -YTD2011)
--China National Petroleum Corporation M&A average deal size - value ($m) (2007 -YTD2011)
--China National Petroleum Corporation legal advisor ranking by value ($m)
--China National Petroleum Corporation financial advisor ranking by value ($m)
--Top Deals(2007 -YTD2011)
--China National Petroleum Corporation targets and partners (2007 -YTD2011)
--China National Petroleum Corporation M&A volume and value trend (2007-YTD2011)
--China National Petroleum Corporation M&A activity by geography (2007-YTD2011)
--China National Petroleum Corporation corporate venturing volume and value trend (2007-YTD2011)
--China National Petroleum Corporation corporate venturing by geography (2007-YTD2011)
--China National Petroleum Corporation partnership volume and value trend (2007-YTD2011)
--China National Petroleum Corporation partnership trend by key deal type (2007-YTD2011)
--China National Petroleum Corporation divestments volume and value trend (2007-YTD2011)
--China National Petroleum Corporation divestments activity by geography (2007-YTD2011)
LIST OF FIGURES
--China National Petroleum Corporation activity by deal type - volume (trailing twelve months (TTM))
--China National Petroleum Corporation M&A activity by geography (TTM)
--China National Petroleum Corporation activity by deal type - volume (2007-YTD2011)
--China National Petroleum Corporation M&A average deal size - value ($m)
--China National Petroleum Corporation M&A volume and value trend (2007-YTD2011)
--China National Petroleum Corporation M&A activity by geography (2007-YTD2011)
--China National Petroleum Corporation corporate venturing volume and value trend (2007-YTD2011)
--China National Petroleum Corporation corporate venturing by geography (2007-YTD2011)
--China National Petroleum Corporation partnership volume and value trend (2007-YTD2011)
--China National Petroleum Corporation partnership trend by key deal type (2007-YTD2011)
--China National Petroleum Corporation divestments volume and value trend (2007-YTD2011)
--China National Petroleum Corporation divestments by geography (2007-YTD2011)

==

CNPC Completes First Phase of Al-Ahdab Field

Posted on 27 June 2011. Tags: al-Ahdab, China Natational Petroleum Corp, China National Petroleum Company, CNPC, PetroChina
CNPC Completes First Phase of Al-Ahdab Field

Reuters reports that the China National Petroleum Corp (CNPC), the first foreign oil company to sign an oil service contract in Iraq after former president Saddam Hussein was toppled, said on Monday said that it completed construction of the first phase of the Al-Ahdab oilfield.

The parent of PetroChina Co Ltd said it started work on the Al-Ahdab oilfield in March 2009 after successfully renegotiating an old development deal, and hoped to pump 110,000-130,000 barrels per day (bpd) from the field, which had estimated reserves of 1 billion barrels.

Completion of the first phase, with a capacity of 60,000 bpd, was ahead of schedule, marking major progress in building Middle East oil and gas projects, reported the China Petroleum Daily, CNPC’s in-house newspaper.

The field was the first new oil capacity building project in 20 years in Iraq, the report said.

(Source: Reuters)

==

Parent company increases stake in PetroChina Xinhuanet 2011-05-27 17:30
May 27 (Xinhua) PetroChina Co., Ltd., the listed arm of the country's largest oil and gas producer, said Friday that its parent China National Petroleum Corporation (CNPC) has raised its stake in the company by nearly 0.02 percent to 86.3 percent. CNPC has bought 31.08 million yuandenominated Ashares in the company, accounting for 0.017 percent of PetroChina's total shares,...

CNPC would also continue to buy shares of PetroChina on the secondary market in the next 12 months, but the total increase will not exceed 2 percent of the company's shares, it said.

CNPC also promised that it will not sell any shares in the next 12 months, said the statement.

The share price of PetroChina was up 0.83 percent to 10.97 yuan in Shanghai and jumped 3.8 percent to 10.94 Hong Kong dollars on the Hong Kong bourse on Friday.
news.xinhuanet.com/english2010/business/2011-05/27/c_13897649.htm

==
CNPC, BP start operating largest Iraqi oilfield Rumaila in 20-year agreement
English.news.cn 2010-07-12 17:29:26 FeedbackPrintRSS

BEIJING, July 12 (Xinhua) -- China National Petroleum Corp.(CNPC), China's largest oil company, and British oil company BP PLC (BP) have taken over operation and management of Iraq's largest oilfield, Rumaila, in a 20-year agreement, CNPC said in a statement Monday.

CNPC and BP aim to increase output at the Rumaila oilfield 10 percent to 1.17 million barrels per day by the end of the year, the statement posted on the CNPC website said.

Located in southeastern Iraq, the Rumaila oil field has proven reserves of 17.7 billion barrels.

Kuwait Oil Company Inaugurates Major Oil Project
2001.04.23 00:43:21


KUWAIT CITY, April 22 (Xinhuanet) -- The state-owned Kuwait Oil Company (KOC) Sunday officially inaugurated a major oil gathering center with a production capability of 210,000 barrels per day (bpd).
The project, or GC28, was one of the two oil gathering centers that have been constructed by China Petroleum Engineering Construction Corp. (CPECC) for the KOC in west Kuwait.
The other gathering center, or GC27, with an production capacity of 190,000 bpd, was completed and commissioned last January.
GC27 and GC28, which cover an area of about 500,000 square kilometers respectively, are currently the two largest of such facilities built in West Kuwait, and also the largest oil gathering centers in Kuwait.
They are equipped to process both medium and light crude as well as gas and gas condensate.
The KOC, an affiliate to Kuwait Petroleum Corporation (KPC) and in charge of the country's oil exploration and production, has said that GC27 and GC28 are of "enormous importance to the company as they will contribute towards our target in West Kuwait of 500,000 bpd and provide the KOC with strategic flexibility and diversity."
"As part of our overall oil strategy, GC27 and GC28 will help us realize the production capacity target of 3 million bpd" by the year 2005, the company said.
Kuwait, which holds about 10 percent of the world's total crude reserves, currently has a production capacity of some 2.5 million bpd. Enditem

===

Energy deals mark "new era"

Top 10 business photos

President Hu Jintao and his Russian counterpart Dmitry Medvedev attend a ceremony to mark completion of an oil pipeline project between the two countries at the Great Hall of the People in Beijing on Sept 28. (Photo: China Daily)

China and Russia signed more than a dozen agreements Sept 27 to boost energy cooperation as leaders of the two countries hailed a deepening strategic partnership.

President Hu Jintao and Russian President Dmitry Medvedev witnessed the signing of 15 commercial deals as well as one on fighting terrorism, separatism and extremism.

One of the key deals was signed by China National Petroleum Corporation (CNPC) and Russia's Transneft over the operation of the oil pipeline that stretches from Skovorodino in eastern Siberia to Daqing in Northeast China.

(Source: China Daily)

===

TIMELINE-The history of China's Communist Party

01 Jul 2011 09:09

Source: reuters // Reuters

July 1 (Reuters) - China's Communist Party marked the 90th anniversary of its founding on Friday.

Here are some major events in the Party's history:

July 1, 1921 - Communist Party of China founded in Shanghai.

1927 - Nationalist leader Chiang Kai-shek launches attacks on Communist strongholds in Shanghai, killing hundreds of activists, after party launches a failed uprising. The party retreats, going underground and decamping to the countryside.

1934-35 - Mao Zedong begins ascent to power during the Long March, a series of retreats by the Red Army to evade Chiang's pursuing Nationalist forces.

1936 - Japan expands occupation of northeast China, the Nationalists join fragile "united front" with Communists to defend against the common threat. At the end of World War Two, the Nationalist-Communist civil war resumes.

Oct 1, 1949 - Mao Zedong proclaims the establishment of the People's Republic of China. Chiang Kai-shek and the defeated nationalists flee to Taiwan by late in year.

June 1950-July 1953 - China backs North Korea in Korean War against U.S.-backed South Korea.

1953-57 - China makes "transition to socialism", nationalising industry and putting farmland under collective control, with economic development helped by Soviet aid.

1957 - Anti-Rightist Movement purges intellectuals and liberal reformers, whom Mao earlier urged to speak out and criticise the party's errors.

1958 - Mao launches his "Great Leap Forward," a campaign to catapult China into advanced socialism by massively increasing industrial and farm output through collectivisation. The plan collapses and brings widespread famine by 1961 that killed 30 million people by some expert estimates.

1961 - Relations with the Soviet Union deteriorate over Cold War policy and ideological disputes. China denounces Soviet leadership of the Communist bloc.

1966-76 - Mao, fearing that his revolutionary achievements will be betrayed by compromise and "capitalist restoration", launches the Cultural Revolution, a violent campaign to rid the country of perceived ideological enemies, including senior Party officials.

Feb 1972 - U.S. President Richard Nixon visits China, curtailing the confrontation between China and the United States that began after 1949.

Sep 1976 - Mao dies. His successor Hua Guofeng and other veteran officials engineer the arrest of the "Gang of Four," the group of officials who want to continue the radical line of the Cultural Revolution. Hua Guofeng acts as leader for a few years while Deng Xiaoping, purged during the Cultural Revolution, returns to power and comes to back reformist policies.

Dec 1978 - Party Central Committee holds "Third Plenum" meeting, marking the launch of reformist policies that eventually lead to the break of farm communes in favour of family-contract farms and other steps that develop into market reforms.

Communes: A relatively small, often rural community whose members share common interests, work, and income and often own property collectively.
The people in such a community.

The smallest local political division of various European countries, governed by a mayor and municipal council.

A local community organized with a government for promoting local interests.
A municipal corporation in the Middle Ages.

Jan 1979 - U.S. and China reestablish diplomatic relations.

April-June 1989 - Students and workers protest for political reform and against corruption on Tiananmen Square in Beijing and also in other cities, before the army crushes the movement on June 4, killing hundreds.

1991-92 - Deng takes tour of southern China, accusing central officials of stalling and jeopardising economic reform and relaunching a new wave of market reforms.

March 1993 - Jiang Zemin becomes president.

Feb 1997 - Deng dies.

2002-2003 - Jiang Zemin retires as party chief and then president, opening way to the "fourth generation" headed by Hu Jintao.

July 1, 2011 - The party marks its 90-year anniversary.

2012 - The party will hold its 18th National Congress; Vice President Xi Jinping expected to be named Hu's successor. (Reporting by Beijing newsroom; Editing by Robert Birsel)