PetroChina

Recent Articles

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).
Bowen Basin CSG Project to Proceed to FEED Phase
Monday, September 08, 2014 A project to develop coal-seam gas from the Bowen Basin in Queensland, Australia, has been given the go-ahead to proceed to its FEED phase.
Drilling Furiously: Chinese Energy Giants Turn Upbeat On Shale Gas
Friday, August 29, 2014 Sinopec and PetroChina have upgraded their outlook on China's shale gas industry, citing steadily declining costs, but stopped short of predicting a near-term boom.
PetroChina 2Q Profit Rises 15%, Matches Estimates
Thursday, August 28, 2014 PetroChina posts a 15% increase in 2Q profit, partly due to higher upstream earnings and improved refining margins.
Fire at PetroChina Northwest Oilfield Put Out
Wednesday, August 13, 2014 A fire broke out at a PetroChina oilfield in northwest China but the blaze was put out and no casualties were reported, industry officials say.
Sources: PetroChina-Backed Universal Terminal Plans $800M Trust IPO
Wednesday, August 13, 2014 Singapore's Universal Terminal, backed by PetroChina, plans to raise as much as $800M in an initial public offering of units of a business trust, sources say.
China Finds Shale Gas Challenging, Halves 2020 Output Target
Thursday, August 07, 2014 China halves the quantum of shale gas it expects to produce by 2020 after early exploration efforts to unlock the unconventional fuel proved challenging.
PetroChina to Seal Takeover of Athabasca Oil Sands Project by End-Sept
Monday, August 04, 2014 State oil giant PetroChina plans to pay the more than $1 billion it needs to complete a takeover of the Dover oil sands project from Canadian firm Athabasca Oil Corp by the end of September.
Stranded Chinese Workers in Iraq Being Evacuated
Friday, June 27, 2014 Chinese workers are being evacuated from fighting in Iraq, with PetroChina pulling out some of its staff from the country.
PetroChina Posts 5% Fall in Q1 Profit, Beats Forecast
Thursday, April 24, 2014 PetroChina reports a five-percent fall in first-quarter profit but beats forecasts.
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.