PetroChina Company News

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PetroChina Claims World's Top Spot for Capex
China's fear of dependence on foreign suppliers means its biggest oil company plans to be the world's top-spending driller this year.
8:00 PM EST | March 25, 2021
Pierce to Succeed Crothers at Shell Canada
Shell Canada President and Country Chair Michael Crothers plans to retire in 2021 after a 33-year career with Shell.
7:00 PM EST | December 16, 2020
China Oil Buying Binge Set to Slow Down
China's record haul of crude is poised to end as state-issued allowances for imports dwindle.
8:00 PM EST | September 01, 2020
Who Leads the World's E&Ps in Production Growth?
Rystad Energy ranks the world's E&Ps according to their production growth over the last five years.
8:00 PM EST | August 14, 2019
Exxon, Others Add to Claims That US Sold Toxic Crude
The energy giant said some oil it purchased last year from the SPR contained "extremely high levels" of hydrogen sulfide.
8:00 PM EST | April 11, 2019
US Sanctions on Venezuela are Helping Colombian Oil
U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports.
7:00 PM EST | February 26, 2019
China's Surging Gasoline Exports Hurting Regional Refiners
Fitch Solutions Macro Research identifies factors driving growth in China's gasoline exports.
7:00 PM EST | January 14, 2019
PetroChina and Qatargas Sign 22-Year LNG Supply Deal
PetroChina Co. signs a deal with Qatargas Operating Co. to purchase 3.4 million tons of liquefied natural gas annually.
8:00 PM EST | September 09, 2018
China Watchdog Says PetroChina Pipeline Runs Through Nature Reserve
China's environmental watchdog said a section of PetroChina's fuel pipeline passing through Hebei has encroached on a nature reserve in the northern part of the province.
8:00 PM EST | September 06, 2018
Petrochina Trying To Cut Impact Of Petchem Import Duties Amid Trade War
Petrochina is trying to reduce the impact of import tariffs on US petrochemicals imposed by Beijing earlier this month.
8:00 PM EST | August 29, 2018
PetroChina Mulls Suspending US LNG Purchases
PetroChina may temporarily halt purchases of US LNG spot cargoes through the winter to avoid potential tariffs amid a trade conflict.
8:00 PM EST | August 12, 2018
PetroChina Forecasts 1H Net Profit To More Than Double; Highest Since 2015
PetroChina expects its profits to more than double in the first half of this year, the latest state oil major to benefit from the revival in crude oil prices.
8:00 PM EST | July 29, 2018
Sources: PetroChina To Take On Global Rivals In Major Expansion Drive
PetroChina's oil and gas trading arm aims to buy petrol stations and fuel storage facilities, according to executives.
7:00 PM EST | December 17, 2017
Media: Three Dead After Suspected Gas Leak At PetroChina Refinery
Three workers are killed and six others injured during a suspected gas leak.
7:00 PM EST | November 19, 2017
PetroChina, Beijing Firm Doubling LNG Storage in Caofeidian as Demand Rises
China is facing a natural gas supply crunch this winter.
7:00 PM EST | November 05, 2017
Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister
Iraq's talks with Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion, oil minister Jabar al-Luaibi said on Monday.
8:00 PM EST | October 08, 2017
Ecuador to Offer Oil Blocks Under New Bidding Terms in Jan
The new terms will allow producers to be paid in oil and enable them to export or sell the barrels to local refineries, said Carlos Perez at a conference at Rice University in Houston on Friday.
8:00 PM EST | October 05, 2017
Kazakhstan To Sell 5 Bcm Of Gas To China For $1B
Kazakh state-owned firm KazTransGas will ship 5 billion cubic meters of natural gas to China's PetroChina for about $1 billion.
8:00 PM EST | October 02, 2017
China Energy Giant Rewards Investors as Higher Oil Buoys Profit
PetroChina took a page from the playbook of global peers known for generous dividends by deciding to pay shareholders its entire half-year net income.
8:00 PM EST | August 23, 2017
North American Exodus At PetroChina Sparks Speculation Of Company Shift
A flurry of departures across the US and Canadian units of PetroChina have sparked speculation that the oil trader is reducing its presence in North America.
8:00 PM EST | August 22, 2017
Fire Put Out At Major PetroChina Refinery In Dalian
A fire broke out at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries.
8:00 PM EST | August 16, 2017
Petrochina's Refinery, Gas Fields And Pipelines Unaffected By Sichuan Quake
Petrochina's Refinery, Gas Fields And Pipelines Unaffected By Sichuan Quake
8:00 PM EST | August 08, 2017
Gas Export Boom Loser May Win From Australia Supply Crunch
The decision by the Shell-PetroChina JV Arrow Energy to scrap a A$20 billion project to ship Arrow's fuel overseas as LNG looks like a blessing in disguise.
8:00 PM EST | May 14, 2017
China's Oil Majors Set To Lift CAPEX For First Time In Years
China's oil majors are expected to pump up spending in 2017 for the first time in years, scrambling to squeeze more barrels of crude out of ageing domestic wells in the hope that higher prices are here to stay.
7:00 PM EST | January 25, 2017
Petrochina Aims To Meet A Third Of China's Shale Gas Target By 2020
China's biggest energy giant PetroChina plans to step up shale gas development in Sichuan province this year, aiming to meet a third of a 2020 government target for the unconventional resource.
7:00 PM EST | January 25, 2017
China's Top Oilfield to Cut CAPEX by 20% in 2017
China's largest oilfield, Daqing, will slash capital spending in 2017 by 20% compared to the previous year.
7:00 PM EST | December 28, 2016
Rumaila Oilfield in Iraq Produces 3 Billion Oil Barrels
The Rumaila Operating Organisation (ROO) announced Tuesday that the Rumaila oilfield has produced 3 billion barrels of oil since the joint venture began operating in January 2010.
7:00 PM EST | December 19, 2016
PetroChina Expands Receiving Capacity of LNG Terminals
PetroChina starts up new storage tanks for LNG in order to get ready to meet winter demand for the heating fuel, according to officials.
7:00 PM EST | November 07, 2016
China Crude Buying Seen Buoyed As Output Drop Lures Imports
China's crude oil imports may rise further in the coming months as tumbling domestic output leaves refiners looking overseas for supplies, helping ease a persistent global glut.
8:00 PM EST | September 13, 2016
Xinhua: China Charges Former Senior PetroChina, FAW Officials With Graft
Chinese prosecutors have indicted Xu Jianyi, the former chairman of state-owned FAW Group Corp, on corruption charges, the official Xinhua news agency says.
8:00 PM EST | September 13, 2016
China Oil Output Drops To 6-Year Low As State Giants Shut Fields
China's crude oil output dropped to the lowest in more than six years as the country's state-run energy giants continued to pump less from aging, high-cost fields.
8:00 PM EST | September 12, 2016
As Oil Giants Dally Over Glut, Asia Gets To Work On Output Cuts
As the world's biggest crude producers stop short of taking action to address the global oversupply, output cuts by their largest customers are helping to mop up the glut.
8:00 PM EST | September 06, 2016
China's Biggest Oil Company Aims For 50% Natural Gas By 2020
China's biggest oil company wants natural gas to account for half its output by the end of the decade.
8:00 PM EST | August 25, 2016
China Oil Giants Unmoved By Bull Rally After Worst Earnings
After posting their worst-ever half-year results, two of China's oil giants aren't getting carried away by crude's return to a bull market, forecasting a rocky path ahead.
8:00 PM EST | August 24, 2016
Petrochina Profits Sink As Weak Prices, Oversupply Bite
PetroChina Co Ltd reports sharply lower profits for the first half of the year, hit by slowing demand growth for refined products, an oversupply of crude and weak prices.
8:00 PM EST | August 23, 2016
China Oil Giants Seen Soothing Investors With Post-Crash Payouts
China's biggest oil companies may use special dividends to soothe investors after the collapse in energy prices.
8:00 PM EST | August 22, 2016
China Crude Output Falls To Five-Year Low In July
China's crude oil production in July fell 8.1 percent from a year ago to the lowest since October 2011 on a daily basis, as low prices limit the incentive to keep some wells operating in the world's fourth-largest oil producer.
8:00 PM EST | August 11, 2016
Iraq Seeks Exxon, Petrochina Help to Develop Two Oil Fields
Iraq is negotiating with Exxon Mobil Corp. and Petrochina Co. to develop two oil fields in the south of the country as it seeks to maintain overall production at about 4.8 million barrels a day.
8:00 PM EST | July 26, 2016
China Pipeline Fire Kills Two, Cuts Gas Supplies
China's Sinopec has shut down a section of the Sichuan-East China gas pipeline in the country's central region after it was hit by a landslide and fire, killing two people.
8:00 PM EST | July 19, 2016
China's Oil, Coal Output Slides in Sign of More Imports to Come
The world's biggest consumer of energy is producing less of it.
8:00 PM EST | July 14, 2016
Shell-Led Group Delays Decision On Canada Gas Export Plan
Shell and its partners delay for the second time this year a final investment decision on a terminal to export liquefied natural gas from Canada's Pacific Coast to Asian markets.
8:00 PM EST | July 11, 2016
MIE Shareholders Approve $220M Sale of Sino Gas Energy to China's CNEML
MIE Holdings Corp.'s shareholders approve a $220 million sale of a 51 percent interest in Sino Gas Energy Ltd., the operator of two coal bed methane blocks in China's Ordos Basin, to China New Energy Mining Ltd.
8:00 PM EST | June 20, 2016
China's March To Biggest Oil Importer Hits US Shale Roadblock
The world's biggest oil importer. The title nobody wants.
8:00 PM EST | June 16, 2016
China Helping Balance Oil As Thirsty Refiners Rely On Old Fields
China's tumbling crude production amid record-high demand from its oil refineries is helping tighten a global market recovering from a glut.
8:00 PM EST | May 15, 2016
China Oil Giants Take Spending Cuts Deeper as Profits Shrink
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.
8:00 PM EST | March 29, 2016
Australia's Browse FLNG JV Decides Not to Proceed with Development
Woodside and joint venture partners in the Browse floating liquefied natural gas project decide not to proceed with the development off Western Australia.
8:00 PM EST | March 22, 2016
PetroChina Profit Dives 70% In 2015 On Low Oil Prices
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.
8:00 PM EST | March 22, 2016
China's Energy Giant Sees Profit Sliding 70% on Oil's Slump
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.
7:00 PM EST | January 28, 2016
Wood Mac: 2016 Promises Upstream Opportunities despite Tough Times
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.
7:00 PM EST | January 27, 2016
PetroChina, Chevron Sichuan Gas Project in China Starts Output
Chevron and PetroChina start natural gas production in China's southwestern regions of Sichuan and Chongqing, eight years after signing a production-sharing agreement.
7:00 PM EST | January 10, 2016