Asian Oil Intelligence Desk
Corporate Intelligence
Auditor-grade due-diligence profiles of national oil companies, international oil companies, and major private energy operators worldwide — prepared with the rigour of a Big Four institutional review.
Sinopec
Integrated · China
China Petroleum & Chemical Corporation (Sinopec) is the world's largest refiner by capacity at approximately 3 mbpd and Asia's largest fuel retailer with 30,000+ stations. Upstream production is secondary at approximately 1 mbpd oil equivalent. FY2024 revenue exceeded $480 billion with net income near $12 billion. Refining margins and petrochemical integration drive earnings. Zhenhai and Maoming are flagship refining-petrochemical complexes. Hydrogen refuelling network leadership and CCUS pilo...
SK Innovation
Integrated · South Korea
SK Innovation (now SK Energy division of SK On/EcoPlant structure) is South Korea's largest refiner operating Ulsan (840 kbpd) and Incheon refineries, plus petrochemicals and EV battery manufacturing via SK On. Refining capacity dominates domestic supply. FY2024 revenue approximated $55 billion with operating profit near $2 billion. Ulsan is one of the largest single-site refineries globally. SK On battery business has faced losses but remains strategic for SK Group. Green portfolio includes b...
SLB
Services · United States
SLB (formerly Schlumberger) is the world's largest oilfield services company, providing reservoir characterisation, drilling, production, and digital solutions across 100+ countries. The company rebranded from Schlumberger in 2022 to reflect broader energy technology positioning. FY2024 revenue approximated $34 billion with net income near $5 billion. International offshore activity recovery and Middle East gas development drive growth. Digital division (Delfi platform) targets $2 billion reven...
SOCAR
Integrated · Azerbaijan
The State Oil Company of Azerbaijan Republic (SOCAR) is the national oil company operating upstream assets in the Caspian Sea, domestic refining, and international downstream via the STAR refinery in Turkey and retail networks. Azerbaijan production averages 550 kbpd with gas output from Shah Deniz feeding the Southern Gas Corridor to Europe. FY2023 revenue approximated $20 billion with net income near $1.5 billion. ACG field (Azeri-Chirag-Gunashli) operated by BP is the primary oil revenue sou...
Sonangol
Integrated · Angola
Sonangol is Angola's state oil company managing deepwater and ultra-deepwater production averaging 1.1 mbpd from the Lower Congo and Kwanza basins. Key partnerships include TotalEnergies (Kaombo, CLOV), ExxonMobil, and BP with operatorship transitioning to Sonangol under local content mandates. Angola is Africa's second-largest oil producer and an OPEC member. Sonangol operates the Lobito refinery and is developing gas monetisation including the New Gas Consortium and Angola LNG (5.2 mtpa). Re...
Sonatrach
Integrated · Algeria
Sonatrach is Africa's largest oil and gas company, controlling Algeria's hydrocarbon sector including production of 900 kbpd crude and 100 Bcm/year gas. The company operates Hassi Messaoud (oil) and Hassi R'Mel (gas) fields, pipelines to Europe, and LNG export facilities at Arzew and Skikda. Algeria is a key gas supplier to Southern Europe via pipelines and LNG. Sonatrach has pursued partnership renewal with IOCs including Eni, TotalEnergies, and Equinor. Financial disclosure is limited but rev...
Suncor Energy
Upstream · Canada
Suncor Energy Inc. is Canada's largest integrated energy company, operating oil sands mining and in-situ production in the Athabasca region, refining at Edmonton and Sarnia, and retail via Petro-Canada stations. Oil sands production exceeds 800 kbpd with Firebag and MacKay River in-situ assets. FY2024 revenue approximated $32 billion with net income near $4 billion. Oil sands cash operating costs below C$30/bbl support through-cycle margins. Fort Hills mine (partnered with TotalEnergies and Tec...
Surgutneftegas
Upstream · Russia
Surgutneftegas is one of Russia's largest independent oil producers, operating exclusively in West Siberia with production near 1.2 mbpd from the Surgut region fields. The company is notable for its opaque ownership structure and massive cash reserves accumulated over decades. FY2023 revenue approximated $25 billion with net income near $8 billion. Minimal debt and substantial cash holdings (estimated $30+ billion) provide exceptional financial resilience. Limited refining exposure makes the co...
Tatneft
Integrated · Russia
Tatneft is a regionally anchored Russian oil company operating primarily in Tatarstan's Romashkino field and surrounding Volga-Urals province. The company produces approximately 570 kbpd with significant heavy oil and bitumen processing capability via TANECO refinery. FY2023 revenue approximated $18 billion with net income near $3.5 billion. Tatneft is recognised for operational efficiency in mature field management and maintains one of the lowest lifting costs among Russian producers. TANECO...
TC Energy
Lng · Canada
TC Energy Corporation operates one of North America's largest natural gas pipeline networks (57,000 km), the Keystone crude pipeline system, and Mexico natural gas infrastructure. The company completed South Bow spinoff of liquids pipelines in 2024 to focus on gas transmission. FY2024 comparable EBITDA approximated $10 billion with 95% from regulated and long-term contracted assets. NGTL system in Western Canada and Columbia Gas Transmission on US East Coast are core earnings drivers. Coastal...
TechnipFMC
Services · United Kingdom
TechnipFMC plc is a global subsea and surface engineering company, the market leader in subsea production systems, flexible pipe, and SURF (subsea umbilicals, risers, flowlines) installation. The company resulted from Technip and FMC Technologies merger in 2017. FY2024 revenue approximated $8.5 billion with adjusted EBITDA near $1.2 billion. Subsea backlog exceeds $10 billion driven by Brazil pre-salt, Guyana, and West Africa deepwater projects. iEPCI integrated model reduces project delivery t...
TotalEnergies
Integrated · France
TotalEnergies SE is a global integrated energy major with LNG leadership, African upstream dominance (Angola, Nigeria, Mozambique), and growing renewable power capacity targeting 100 GW by 2030. The company rebranded from Total in 2021 to reflect multi-energy strategy. FY2024 revenue approximated $195 billion with net income near $16 billion. LNG sales exceeded 40 mtpa making TotalEnergies the second-largest global LNG player. Mozambique LNG and Suriname deepwater are key growth projects. Bala...
