29 articles
China's state-owned oil majors reported improved third-quarter earnings driven by higher global oil prices, aligning with government mandates to boost energy security. PetroChina plans to maintain ove
PetroChina reported a 21.6% year-on-year increase in third-quarter net profit to 51.84 billion yuan, driven by higher oil and gas prices. Revenue grew 7% while ethylene output surged 26.4% during the
The Central Commission for Discipline Inspection announced that Qian Zhijia, former General Manager of PetroChina's Gas Sales Branch and ex-CEO of Kunlun Energy, is under investigation. He resigned fr
PetroChina anticipates record trading profits driven by the Iran war tightening global fuel markets, with its trading unit PCI projected to exceed 20 billion yuan in earnings.
Venture Global is negotiating long-term LNG contracts with Chinese importers including PetroChina amidst global supply disruptions. Talks proceed despite previous US-China tariff disputes impacting en
Chinese refiners suspended oil product exports beyond Hong Kong and Macau until further notice following the Golden Week holiday. PetroChina cancelled most planned gasoline and jet fuel shipments for
Abu Dhabi’s XRG is exploring an acquisition of a stake in the Shell-led LNG Canada project to expand its natural gas portfolio amid regional supply disruptions. While discussions with partners like Pe
Iraq boosted oil exports to 2.17 million bpd in August thanks to deep discounts and Iranian clearance for tankers in the Strait of Hormuz. Major refiners including PetroChina and Reliance secured carg
China plans to export approximately 4 million tons of refined fuels in September after easing export restrictions. State-owned refiners like PetroChina and Sinopec will secure over 60% of quotas, infl
PetroChina reported a 22% surge in first-half net profit to 103.94 billion yuan, driven by higher oil prices and fuel sales. The company highlighted growth in chemical and new material outputs while f
PetroChina posted a 22% rise in first-half profit to 103.9 billion yuan amid soaring oil prices averaging $87 per barrel. While upstream revenue surged, refining margins were constrained by government
PetroChina is weighing a partial sale of its 15% stake in LNG Canada to fund facility expansion amidst global supply disruptions. Proceeds from the potential transaction aim to finance Phase 2 while r
PetroChina's Dushanzi Petrochemical unit successfully started up its 1.2 million metric tons per year ethylene project in Xinjiang, boosting total capacity to 3 million tons annually while utilizing c
PetroChina plans to commence shallow-water drilling operations in Suriname by 2027 following the signing of production sharing contracts for Blocks 14 and 15 in 2024.
PetroChina forecasts China's oil consumption will drop 4.9% to 753 million tons in 2026 amid an energy pivot. Conversely, refining capacity and demand for new materials like POE and carbon fibre are e
PetroChina and Indian Oil Corp failed to secure tankers for Iraqi crude due to soaring freight rates and geopolitical risks. Indian Oil declared force majeure as shipping costs nearly tripled amid reg
Sinopec and PetroChina are accelerating ultra-deep shale gas drilling in China's Sichuan basin, targeting a one-third output increase by 2035 to reduce import reliance despite higher operational costs
Woodside Energy acquired PetroChina's 10.67% stake in the Browse LNG project for $225 million to block Inpex Corp.'s entry. This secures gas routing to Woodside's North West Shelf facility while advan
Woodside Energy acquired PetroChina's 10.67% stake in the Browse gas fields for $225 million plus contingent payments, raising its interest to 41.27%. The transaction blocks a competing deal with INPE
PetroChina forecasts producing 30 billion cubic metres of coal rock gas by 2035 using advanced fracking technology to enhance China's energy independence. This move aims to reduce reliance on imported
Woodside Energy may match Inpex's offer to acquire PetroChina's 10.67% stake in Australia's Browse gas fields, a key resource for the North West Shelf LNG facility. The transaction requires regulatory
Japan's Inpex will acquire PetroChina's 10% stake in the Browse gas fields offshore Western Australia, pending regulatory approval. The assets feed into the North West Shelf LNG facility within a $48.
Woodside Energy revised its Browse LNG project costs to A$48.7 billion due to delays and added carbon capture components. The project, involving partners like BP and PetroChina, awaits final environme
Major oil traders including Shell and PetroChina face billions in legal disputes over undelivered cargoes caused by Hormuz disruptions, threatening market confidence and impacting profits amid ongoing
PetroChina reported record quarterly net income of 48.33 billion yuan driven by elevated global oil and gas prices amid Middle East conflict. The results highlight improved profitability in its chemic
China's April LNG imports are projected to drop to an eight-year low of 3.5 million tons amid soaring spot prices driven by Middle East tensions and reduced re-exports. Domestic supply cuts from Petro
CATL surpassed PetroChina in market value, hitting a record 2.1 trillion yuan driven by green energy optimism and critical mineral expansion. PetroChina's valuation declined as oil prices stabilized f
PetroChina plans to shift its strategic focus toward energy-chemicals in its 15th Five-Year Plan, aiming to increase output of high-end polyolefins and electronic-grade chemicals.
PetroChina announced a collaboration with Turkey's Bayegan focusing initially on polyolefins, with future plans extending to styrene, 2-ethylhexanol, and other chemicals.
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