Recent Articles

China Helping Balance Oil As Thirsty Refiners Rely On Old Fields
Monday, May 16, 2016 China's tumbling crude production amid record-high demand from its oil refineries is helping tighten a global market recovering from a glut.
China Oil Giants Take Spending Cuts Deeper as Profits Shrink
Wednesday, March 30, 2016 After chopping spending by almost one-third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China's energy giants are cutting even deeper.
Australia's Browse FLNG JV Decides Not to Proceed with Development
Wednesday, March 23, 2016 Woodside and joint venture partners in the Browse floating liquefied natural gas project decide not to proceed with the development off Western Australia.
PetroChina Profit Dives 70% In 2015 On Low Oil Prices
Wednesday, March 23, 2016 PetroChina reports a 70% slump in its full-year 2015 profit, with earnings upstream and in the marketing segment both taking a hit from lower prices.
China's Energy Giant Sees Profit Sliding 70% on Oil's Slump
Friday, January 29, 2016 PetroChina Co., the country's biggest oil and gas producer, expects its 2015 profit to have fallen 60 percent to 70 percent from a year earlier because of the slump in energy prices.
Wood Mac: 2016 Promises Upstream Opportunities despite Tough Times
Thursday, January 28, 2016 A new report from oil and gas consultancy Wood Group shows that 2016 promises many opportunities around the world for the upstream sector in spite of challenging times.
PetroChina, Chevron Sichuan Gas Project in China Starts Output
Monday, January 11, 2016 Chevron and PetroChina start natural gas production in China's southwestern regions of Sichuan and Chongqing, eight years after signing a production-sharing agreement.
PetroChina-Chevron Sour Gas Project Begins Production in China
Monday, January 11, 2016 PetroChina and Chevron begin production at an onshore natural gas field in China's southwest.
Repair Work Completed on China's Gas Pipeline Destroyed by Landslide
Friday, January 08, 2016 Repair work has been completed on a section of China's West-East natural gas pipeline which was destroyed by a landslide in late December in the southern city of Shenzhen, the official Xinhua news agency says.
RH Petrogas Replaces PetroChina as Operator of Basin PSC in Indonesia
Tuesday, January 05, 2016 RH Petrogas replaces PetroChina as operator of the Kepala Burung Production Sharing Contract (Basin PSC) in Indonesia.
PetroChina to Build Temporary Gas Pipe in 10 days After Blast
Monday, December 21, 2015 PetroChina plans to lay a temporary natural gas pipeline in the southern Chinese city of Shenzhen to replace a line that exploded near the site of a deadly mudslide, the company said Monday.
PetroChina's $2.4B Sale Mixes Profits With Overhaul
Thursday, November 26, 2015 PetroChina rises to a two-week high after announcing plans to sell pipeline stakes for as much as $2.4 billion as the nationís biggest oil and gas producer seeks to meet year-end profit targets amid a drive to reform state-own enterprises.
China Energy Giants Seek Last-Minute Sales in Year-End Countdown
Wednesday, November 25, 2015 China's biggest energy companies are seeking to unload assets and urging workers to cut costs in a last-minute rush to meet annual government-set growth targets as lower crude prices drag down earnings.
China's NDRC Approves Development of the Sanjiao CBM Project in Ordos Basin
Tuesday, November 24, 2015 Sino Oil and Gas says the Chinese authorities have approved the development plan for the Sanjiao Coal Bed Methane Project in China's Ordos Basin.
Oil Price Recovery Seen as Downturn Spurs M&A Activity
Monday, November 02, 2015 Global oil and gas acquisitions should accelerate heading into 2016 and a recovery in crude prices may follow, according to Sanford C. Bernstein & Co.
China's Oil Giants Lose Almost All Profits Amid Crude Crash
Friday, October 30, 2015 The plunge in crude prices all but killed profits at China's top energy producer and its largest oil refiner.
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.