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PetroChina

Recent Articles

PetroChina Withdraws Bid for Australian Gas Producer
Tuesday, May 14, 2013 PetroChina confirms it withdrew a bid for an Australian coal-bed methane gas producer but said it would continue to invest in other Australia projects because of their commercial value and importance for energy security.
PetroChina 2012 Net Below Forecast; To Speed Up Overseas Expansion
Thursday, March 21, 2013 PetroChina aims to speed up overseas acquisitions, exploration and production even after its net profit lagged behind analysts' expectations.
PetroChina Chairman to Take SASAC Top Job
Monday, March 18, 2013 Current PetroChina Chaiman Jiant Jiemin is to become director of the Chinese state-owned Asset Supervision and Administration Commission (SASAC).
ConocoPhillips, PetroChina Sign Deals in Australia, China
Wednesday, February 20, 2013 ConocoPhillips says PetroChina will acquire an interest in two Western Australia exploration assets and the companies will jointly identify unconventional resource reserves in China.
Encana Reaches $2.21B JV Deal with PetroChina
Thursday, December 13, 2012 Just days after Canada clarified investment rules for foreign state-owned investors, PetroChina said it would pay $2.21B to buy into a natural-gas project with Encana.
PetroChina 3Q Net Profit Down 33%; Below Forecast
Tuesday, October 30, 2012 PetroChina posts a 33% decline in its third-quarter net profit, below expectations even as its revenue rose on higher crude oil output.
Sino O&G to Move Sanjiao CBM Block to Development Stage by 2013
Monday, August 27, 2012 Sino Oil and Gas Holdings aims to move its onshore Sanjiao coal bed methane (CBM) project from the exploration to the development phase by early-2013.
PetroChina Seeks Acquisitions in Central Asia, E. Africa, Australia, Canada
Friday, August 24, 2012 PetroChina is actively seeking acquisitions in central Asia, E. Africa, Australia and Canada as it seeks to feed the growing energy demand in the country and strengthen its international presence.
PetroChina's Net Profit Hit by Losses from Refining and Chemicals Segment
Thursday, August 23, 2012 PetroChina's 1H 2012 net profit drops 6 percent from a year earlier due to refining losses and weaker demand for oil products and petrochemicals.
Molopo Sells Coalbed Methane Assets to PetroChina
Wednesday, August 01, 2012 Molopo sells $43 million worth of its coalbed methane assets in Queensland as part of a fund-raising exercise for its field development projects in Texas.
PetroChina, Total, Petronas Calgari Start Oil Production at Iraq's Halfaya
Wednesday, July 18, 2012 PetroChina and its partners Total and Petronas Calgari said oil production has commenced at the Halfaya oil field in southern Iraq.
African Petroleum Offshore Blocks Could See PetroChina's Investment
Monday, July 16, 2012 African Petroleum signs a memorandum of understanding with PetroChina which allows for an investment of up to 20 percent in its West African offshore blocks.
Total and Partners Start Production at Halfaya, Iraq
Wednesday, June 27, 2012 The PetroChina-led consortium aims to reach 70,000 barrels per day in the first phase of Halfaya's development.
PetroChina In Talks with Shell, Hess about Shale Oil Joint Venture
Thursday, April 05, 2012 PetroChina is in talks with Shell and about forming a joint venture to develop shale oil in the Santanghu Basin in northwestern Xinjiang province.
PetroChina Buys 20% Stake in Shell's Groundbirch Shale Asset
Thursday, February 02, 2012 PetroChina said it has completed the acquisition of a 20% stake in Shell's 100%-owned land and assets in Groundbirch, in northeastern British Columbia.
Shell, PetroChina JV Gets Regulatory OK For Bow Energy Takeover
Friday, December 16, 2011 Royal Dutch Shell PLC (RDSB) and PetroChina Co.'s (PTR) Australian joint venture has secured approval from Australia's foreign investment watchdog and Chinese regulators for its A$535 million offer for Bow Energy Ltd. (BOW.AU).
PetroChina, Shell JV Finds Shale Gas in Sichuan
Thursday, December 08, 2011 PetroChina and Shell have discovered shale gas in Sichuan province, a PetroChina official said Thursday.
Encana, Petrochina Call Off $5.43B Canadian Shale Deal
Tuesday, June 21, 2011 Encana and PetroChina have ended negotiations for a proposed JV concerning Encana's Cutbank Ridge business assets after the parties were unable to achieve substantial alignment.
PetroChina Drills China's 1st HZ Shale Gas Well
Thursday, March 31, 2011 PetroChina completed the drilling of China's first horizontal shale gas well last week in Sichuan province.
Total to Start Gas Production Project in China
Wednesday, March 23, 2011 Total with partner PetroChina will start a non-conventional gas production project in China, according to La Tribune newspaper.