PetroChina Company News
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Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister
Monday, October 09, 2017 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.
Ecuador to Offer Oil Blocks Under New Bidding Terms in Jan
Friday, October 06, 2017 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.
Kazakhstan To Sell 5 Bcm Of Gas To China For $1B
Tuesday, October 03, 2017 Kazakh state-owned firm KazTransGas will ship 5 billion cubic meters of natural gas to China's PetroChina for about $1 billion.
China Energy Giant Rewards Investors as Higher Oil Buoys Profit
Thursday, August 24, 2017 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.
North American Exodus At PetroChina Sparks Speculation Of Company Shift
Wednesday, August 23, 2017 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.
Fire Put Out At Major PetroChina Refinery In Dalian
Thursday, August 17, 2017 A fire broke out at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries.
Petrochina's Refinery, Gas Fields And Pipelines Unaffected By Sichuan Quake
Wednesday, August 09, 2017 Petrochina's Refinery, Gas Fields And Pipelines Unaffected By Sichuan Quake
Gas Export Boom Loser May Win From Australia Supply Crunch
Monday, May 15, 2017 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.
China's Oil Majors Set To Lift CAPEX For First Time In Years
Thursday, January 26, 2017 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.
Petrochina Aims To Meet A Third Of China's Shale Gas Target By 2020
Thursday, January 26, 2017 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.
China's Top Oilfield to Cut CAPEX by 20% in 2017
Thursday, December 29, 2016 China's largest oilfield, Daqing, will slash capital spending in 2017 by 20% compared to the previous year.
Rumaila Oilfield in Iraq Produces 3 Billion Oil Barrels
Tuesday, December 20, 2016 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.
PetroChina Expands Receiving Capacity of LNG Terminals
Tuesday, November 08, 2016 PetroChina starts up new storage tanks for LNG in order to get ready to meet winter demand for the heating fuel, according to officials.
China Crude Buying Seen Buoyed As Output Drop Lures Imports
Wednesday, September 14, 2016 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.
Xinhua: China Charges Former Senior PetroChina, FAW Officials With Graft
Wednesday, September 14, 2016 Chinese prosecutors have indicted Xu Jianyi, the former chairman of state-owned FAW Group Corp, on corruption charges, the official Xinhua news agency says.
China Oil Output Drops To 6-Year Low As State Giants Shut Fields
Tuesday, September 13, 2016 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.
As Oil Giants Dally Over Glut, Asia Gets To Work On Output Cuts
Wednesday, September 07, 2016 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.
China's Biggest Oil Company Aims For 50% Natural Gas By 2020
Friday, August 26, 2016 China's biggest oil company wants natural gas to account for half its output by the end of the decade.
China Oil Giants Unmoved By Bull Rally After Worst Earnings
Thursday, August 25, 2016 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.
Petrochina Profits Sink As Weak Prices, Oversupply Bite
Wednesday, August 24, 2016 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.
China Oil Giants Seen Soothing Investors With Post-Crash Payouts
Tuesday, August 23, 2016 China's biggest oil companies may use special dividends to soothe investors after the collapse in energy prices.
China Crude Output Falls To Five-Year Low In July
Friday, August 12, 2016 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.
Iraq Seeks Exxon, Petrochina Help to Develop Two Oil Fields
Wednesday, July 27, 2016 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.
China Pipeline Fire Kills Two, Cuts Gas Supplies
Wednesday, July 20, 2016 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.
China's Oil, Coal Output Slides in Sign of More Imports to Come
Friday, July 15, 2016 The world's biggest consumer of energy is producing less of it.
Shell-Led Group Delays Decision On Canada Gas Export Plan
Tuesday, July 12, 2016 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.
MIE Shareholders Approve $220M Sale of Sino Gas Energy to China's CNEML
Tuesday, June 21, 2016 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.
China's March To Biggest Oil Importer Hits US Shale Roadblock
Friday, June 17, 2016 The world's biggest oil importer. The title nobody wants.
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 nation’s 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.
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.