BP is working with China’s CNPC
BP and CNPC explore Hainan CCUS project
European oil major agrees to work with CNPC as Chinese state company seeks international partnerships to grow deployment of CCUS
BP has signed an agreement with a subsidiary of China’s state-controlled oil and gas company CNPC to jointly explore the development of a regional CCUS hub on China’s southern island province of Hainan. Under the agreement, which was signed on the sidelines of the recent seventh International CCUS Summit in Beijing, the European oil major will work with CNPC’s Southern Petroleum Exploration and Development subsidiary. BP has a longstanding strategic relationship with CNPC in oil and gas. The CNPC subsidiary was one of the earliest oilfield operators in China to carry out CCUS pilot tests and has constructed a full-flow CCUS system at the Fushan oilfield in Hainan, with 180,000t of CO₂ seques
Also in this section
1 April 2026
Emerging industry must work with policymakers to convince a broader pool of investors to buy into its long-term potential
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
