Recent Articles

As China Gas Boom Falters, State Giants Grapple with Wave of Imports
Friday, October 02, 2015 China's energy giants are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt.
Official: Unclear When Kashagan Reaches its Forecast Output Level
Tuesday, September 29, 2015 Kazakhstan's deputy energy minister says it is hard to judge when the Kashagan oilfield will start producing at the previously-forecasted level of 375,000 barrels per day.
China Curbs Conventional Gas Output, Keeps Shale Target
Thursday, September 10, 2015 China's state energy giants are reducing output from conventional natural gas fields as demand growth for the fuel eases to a multi-year low, local media and sources say.
PetroChina Profit Dives 63% in First Half
Thursday, August 27, 2015 PetroChina reports a 63% drop in its first-half profit, with earnings upstream taking a hit from lower prices.
China Oil Giants Seek to Join Spree of Global Energy Deals
Thursday, August 27, 2015 PetroChina signaled it's looking to join a wave of global energy deals as crude's collapse makes it the right time to buy and sell assets.
Chinese Trading Rivalry Ruffles Asian Oil Markets
Thursday, August 20, 2015 Intensifying rivalry between top oil traders Chinaoil and Unipec whipsaws Asia's oil market, pits the state-owned firms against each other.
PetroChina Supplier Wison Says Found Guilty of Bribery in China
Thursday, August 06, 2015 Wison Engineering Services, a supplier to PetroChina, says it has been found guilty of bribery after an investigation by the Chinese government and ordered to pay a fine of $4.83 million.
PetroChina Wins Dismissal of Securities Lawsuit in US
Tuesday, August 04, 2015 PetroChina wins dismissal of a securities-fraud lawsuit by investors who accused the company of failing to disclose corruption that exposed it to government investigations and penalties.
Asian CBM Firms Proceed with Developments, Unfazed by Low Oil Prices
Friday, July 17, 2015 Some independent coalbed methane firms in Asia are proceeding with their development projects despite headwinds caused by lower oil prices.
Expect China to Yearn for More US Shale
Friday, July 10, 2015 Despite slowdown in heated investment from overseas in North American oil and gas, interest still looms behind the Great Wall of China.
PetroChina First-Quarter Profit Dives 82%
Monday, April 27, 2015 PetroChina reports a sharper-than-expected fall in 1Q profit due to lower international crude prices and inventory writedowns at its refining division.
PetroChina Vice Chairman Under Investigation Amid Graft Crackdown
Tuesday, March 17, 2015 PetroChina Vice Chairman Liao Yongyuan is being investigated for "serious disciplinary violations", the company says, as an anti-corruption crackdown reaches deeper into the Chinese state-owned oil giant.
Tethys, PetroChina Ink MOU to Explore Kazakhstan's Oil, Gas Sales to China
Tuesday, March 03, 2015 Tethys Petroleum inks memorandum of understanding with PetroChina to explore ways of exporting crude oil and gas from Kazakhstan to China.
Russell: PetroChina, Sinopec Merger Makes Little Sense
Friday, February 27, 2015 The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny.
RH Petrogas Gets Clearance to Develop North Klalin Field in West Papua
Monday, February 16, 2015 SKK Migas approves RH Petrogas' plan to develop the North Klalin gas and condensate field in Kepala Burung Production Sharing Contract in West Papua, Indonesia.
Newspaper: China 2014 Gas Output Growth Quickens to 10.7%
Tuesday, January 13, 2015 China's domestic natural gas production rose 10.7 percent last year, faster than in the previous year, as the country's first shale gas field added to output from conventional deposits, an official newspaper reports.
Govt Sources: China Struggles to Find Prospective Blocks for Shale Auction
Monday, January 05, 2015 China is struggling to find attractive shale gas blocks to offer in a third auction of concessions, government sources say, increasing the sense that the country's output potential may be overblown.
PetroChina Teams Up With Sinochem To Tap Chinese Shale Gas
Thursday, December 04, 2014 PetroChina teams up with Sinochem to tap shale gas from five blocks in the southwest of China, the state-run companies said.
Sino Australia Plans to Embark on EOR Project at Liaohe Oil Field in China
Thursday, November 13, 2014 Sino Australia Oil and Gas plans to embark on an enhanced oil recovery project at Liaohe oil field in China's Liaoning province.
Petrobras Says It Gets $2.2B From Sale Of Assets In Peru
Tuesday, November 11, 2014 Petrobras says it received $2.2 billion from the sale of its Peruvian oil and gas assets to PetroChina and its parent China National Petroleum Corp (CNPC).