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Recent Articles

PetroChina Aims to Produce 92 Bcf of Shale Gas in 2015
Tuesday, April 22, 2014 PetroChina intends to produce 91.8 billion cubic feet of shale gas in 2015, with production coming from the Sichuan and Yunnan provinces in China.
Sources: PetroChina Hikes Shale Gas Spending To More Than $1.6B
Friday, April 18, 2014 PetroChina plans to spend more than $1.6 billion on shale gas this year, sources with knowledge of the matter say.
Athabasca Sells Stake In Oil Sands Project To Partner PetroChina
Thursday, April 17, 2014 Athasbasca exercises an option to sell its 40% stake in the planned Dover oil sands project to its partner PetroChina for $1.20B after the project received final approvals.
PetroChina Flags Lower 2014 Capex, Seeks to Boost Shareholder Returns
Thursday, March 20, 2014 PetroChina Co Ltd flags a drop in capital expenditure for 2014, its second consecutive annual decline since it became a listed company, as the state-run oil giant tries to reassure investors following a massive corruption scandal.
JV Agrees to Pre-FEED Study at Salawati Kepala Burung PSC in West Papua
Friday, February 21, 2014 RH Petrogas and partners in the Salawati Kepala Burung production sharing contract agree to conduct a preliminary front end engineering design study for the block in West Papua, Indonesia.
CNPC: PetroChina Makes Huge Gas Find in Sichuan Basin
Monday, February 10, 2014 PetroChina finds 10.88 trillion cubic feet of technically recoverable gas in the Sichuan basin, according to parent CNPC, one of China's largest gas discoveries in more than a decade.
Arrow Energy Cuts Around 250 Jobs at CSG Project in Queensland
Tuesday, January 21, 2014 Arrow Energy cuts about 250 jobs from the firm's coal seam gas project in Queensland, Australia, according to a local newspaper.
Source: China Questions Two More PetroChina Parent Officials in Graft Probe
Tuesday, December 17, 2013 Chinese government questions two more CNPC executives as part of a wider corruption investigation into the state energy giant.
Green Dragon Signs MOU with PetroChina over CBM Blocks
Thursday, December 12, 2013 Coal-bed methane firm Green Dragon Gas signs a memorandum of understanding with PetroChina concerning CBM blocks in China.
Sources: Chevron's $6.4B China Gas Project Pushed Back Again
Friday, December 06, 2013 A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources say.
Exxon to Sign Over Part of Iraq Oilfield Stake to Petrochina
Thursday, November 28, 2013 ExxonMobil will hand over a 25 percent stake in Iraq's West Qurna-1 oilfield project to PetroChina, Iraq's deputy prime minister for energy says.
Petrobras Sells Peru Unit to PetroChina/CNPC for $2.6B
Wednesday, November 13, 2013 Petrobras strikes a deal to sell its Peruvian oil and gas assets to PetroChina and its parent CNPC for $2.6 billion.
China Oil Giants Risk Paying High Price for Energy Addiction
Tuesday, October 29, 2013 China's biggest state-owned oil firms, sitting on aging fields, are scrambling to ramp up crude oil and natural gas production to meet surging domestic demand.
Sinopec Field Could Reignite China Shale Hopes
Monday, October 28, 2013 Chinese oil giant Sinopec Corp is for the first time pumping shale gas from test wells in commercial quantities in what it hopes will be a breakthrough in the development of a badly needed new energy source.
Sources: PetroChina's Former Indonesia Chief Under Investigation
Thursday, October 17, 2013 The Chinese govt is investigating the former head of PetroChina's Indonesian operations, sources say, just weeks after authorities announced a corruption investigation into other former senior executives at the state oil giant.
RH Petrogas Spuds Klagalo-1 Exploration Well in Kepala Burung PSC
Thursday, October 17, 2013 RH Petrogas spuds Klagalo-1 exploration well in onshore Kepala Burung Production Sharing Contract in West Papua, Indonesia.
CEO: S.Korea's KOGAS Considering Selling 5-10% Stake in LNG Canada
Tuesday, October 15, 2013 KOGAS is considering selling a portion of its stake in the LNG Canada project, according to the firm's chief executive.
Woodside Says May Build 3 Floating LNG Plants for Browse
Tuesday, October 15, 2013 Woodside Petroleum could build three floating liquefied natural gas plants for its Browse project, according to its chief executive.
China Back to Drawing Board as Shale Gas Fails to Flow
Friday, September 06, 2013 China has gone back to the drawing board on how to develop what could be the world's largest shale gas reserves after attempts to stimulate investment and engineer an energy revolution brought little progress in the gas fields.
Scandal-Hit PetroChina Tightens Control over Managers to Keep Firm Running
Thursday, September 05, 2013 PetroChina tightens control over its managers and steps up safety inspections to ensure the "shock" from a deepening corruption scandal doesn't disrupt its global operations.