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  • August 22, 2014
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  1. Business - Commodities - Gas

    PetroChina shuts two liquefaction plants as it reviews LNG push

    Posted Aug 19th 2014, 11:29am by Reuters

    ... Reuters in Beijing Investment into using gas to refuel trucks and ships hit by rising costs and slowing economy PetroChina reviews LNG push, shuts two facilities Energy firm PetroChina ... ago as a fast-growing profit engine, PetroChina unit Kunlun Energy is reconsidering its investment because of rising costs and the mainland's slower economic growth, two sources said. ...

  2. Business - Commodities

    Usage and supply to offset gas price rises, PetroChina unit says

    Posted Jun 13th 2014, 05:57am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Usage and supply to offset gas price rises Gas price rises by Beijing last year depressed demand for the fuel but the impact will be more than offset by rising consumption and greater supply in the long term, according to Kunlun Energy, a unit of gas producer and importer PetroChina. "In the [reform] process, all gas [distribution] companies ...

  3. Business - Commodities - ENERGY

    PetroChina ready to sell more of its pipeline assets

    Posted May 13th 2014, 01:13am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com PetroChina ready to sell more of its pipeline assets Oil and gas giant PetroChina unveiled a plan to sell its entire stake in some sections of its west-to-east natural gas pipelines, worth some 39 billion yuan (HK$49 billion), in the second pipeline assets disposal in a year. PetroChina is increasingly willing to sell down midstream assets NEIL ...

  4. Business - Commodities - EARNINGS

    PetroChina sets spending limit for next few years to improve efficiency

    Posted Mar 21st 2014, 01:04am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Mainland oil and gas producer pushes quality and efficient growth while capping budget for production capacity boost at 296.5 billion yuan PetroChina sets spending limit PetroChina will limit its spending for production capacity expansion in the next few years to 296.5 billion yuan (HK$370 billion), after cutting it last year for the first time since ...

  5. Business - Commodities

    PetroChina to explore new areas in Xinjiang oilfields

    Posted Mar 07th 2014, 01:12am by Eric Ng

    ... Eric Ng in Beijing eric.mpng@scmp.com PetroChina to explore new areas in Xinjiang PetroChina, the nation's largest oil and gas producer, will open areas in three oilfields in Xinjiang for exploration with local and foreign companies. PetroChina plans to open some 100,000 square kilometres of unexplored areas in the Tarim, Jungeer and Tuha oilfields. It will also invite participation ...

  6. Business - Commodities - RESOURCES

    CNPC's major gas find may be more hot air

    Posted Feb 17th 2014, 04:47am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Failure to bring into production previously announced major oil and gas discoveries has dampened excitement over PetroChina's latest news Doubt cast on CNPC's latest major gas find While a major gas discovery announced by PetroChina last week triggered a spike in its share price, analysts said any such news should be taken with a pinch of salt ...

  7. Business - China Business - ENERGY

    Graft probe claims another Kunlun chairman

    Posted Dec 17th 2013, 06:13pm by Eric Ng

    ... Kunlun chairman PetroChina's natural gas distribution subsidiary Kunlun Energy has lost its second chairman in less than four months, amid wider anti-corruption probes into senior managers ... a source at CNPC. PetroChina yesterday also said Wen has resigned from his position as a supervisor due to "personal matters". CNPC is the parent of PetroChina, which controls Kunlun. ...

  8. Business - Commodities - RESOURCES

    China's expertise secures lead role in Iraqi oilfields

    Posted Nov 01st 2013, 03:23am by Reuters

    ... Reuters in Baghdad Companies led by PetroChina have won favour in Baghdad for quick ramp-ups in production China's expertise secures lead role in Iraqi oilfields From the giant ... partner." Further expansion is in the works. PetroChina's anticipated purchase of a 25 per cent share in ExxonMobil's West Qurna-1 oilfield project will allow China's biggest energy ...

  9. Business - China Business - CORRUPTION

    PetroChina hit by US class action law suit for failing to disclose graft probe

    Posted Sep 05th 2013, 12:00am by Toh Han Shih and Eric Ng

    ... Toh Han Shih and Eric Ng Class-action case filed in New York alleges the oil company misled investors by failing to disclose it was being probed for corruption PetroChina hit with graft lawsuit in U.S. A US law firm has filed a class-action lawsuit in an American court against PetroChina and some of its executives for failing to disclose the corruption scandal affecting the oil ...

  10. Business - Commodities

    US market watchdog likely to ratchet up pressure on PetroChina

    Posted Sep 04th 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com US Securities and Exchange Commission has queried deals in Iran, Syria in the past US likely to ratchet up pressure on PetroChina The US Securities and Exchange Commission (SEC) is expected to ask tough questions of PetroChina, after news reports indicated Beijing is investigating the oil company and its parent, the China National Petroleum ...




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