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Results 1 - 10 of 17 for petrochina

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  1. Business - Commodities - ENERGY

    PetroChina to buy more gas overseas despite losses

    Posted May 24th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Firm to boost imports to meet demand for clean energy even as retail prices remain below costs PetroChina to buy more gas overseas despite losses PetroChina ... the company's annual general meeting in Beijing. PetroChina, which accounts for about 70 per cent of the nation's gas output, lost 41.9 billion yuan (HK$53 billion) last year on gas imports. ...

  2. Business - Commodities - ENERGY

    PetroChina targets 3.2 pc output growth per year

    Posted Mar 22nd 2013, 12:00am by Eric Ng

    ... Company to increase natural gas sales despite losses on imports of gas and falling profits caused by Beijing's anti-inflation energy price controls PetroChina, the nation's ... the domestic gas price was kept much lower than international levels, as part of Beijing's effort to tame inflation and protect the poor. PetroChina lost 21 billion yuan on gas imports in 2011. ...

  3. Business - Commodities - INVESTMENTS

    PetroChina taps into Canada's energy resources

    Posted Dec 15th 2012, 12:00am by Bloomberg

    ... Bloomberg Oil producer will pay HK$9.3 billion for a share of shale site and will help fund its development PetroChina taps into Canada's energy resources PetroChina has agreed to pay ... PetroChina would also pay C$1 billion over four years to fund development of the project, Encana said yesterday. The accord follows PetroChina's agreement this week to pay US$1.63 billion ...

  4. Business - Commodities - ANALYSIS

    Analysts bearish on PetroChina earnings growth

    Posted Nov 14th 2012, 12:00am by Bloomberg

    ... Bloomberg Analysts bearish on PetroChina's earnings growth PetroChina is losing the support of analysts who say earnings growth at Asia's biggest oil producer is stunted by its ... 34 analysts. Buy ratings earn five points, holds get three and sells one. PetroChina had a 4.1 rating in June. The mainland's growing appetite for gas is squeezing PetroChina more than ...

  5. Business - Commodities - Gas

    Baoshan takes stake in PetroChina pipeline

    Posted Dec 21st 2012, 12:00am by Eric Ng

    ... agrees to stake in PetroChina pipeline Baoshan Iron & Steel and its parent Baosteel Group have agreed to invest a total of 10 billion yuan (HK$12.3 billion) to take a minority stake in PetroChina's third west-to-east natural gas pipeline construction. Shanghai-listed Baoshan, one of the mainland's largest steel smelters, said its board has agreed to take a 12.8 per cent stake ...

  6. Business - China Business - RESULTS

    PetroChina posts 33pc year-on-year decline in third-quarter profit

    Posted Oct 31st 2012, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Upstream production holds up while refining, petrochemicals and gas distribution lost money Three knocks on PetroChina's profit in quarter PetroChina ... in the year-earlier period. This was due to two fuel price rises in August and September. Unlike rival China Petroleum & Chemical (Sinopec), PetroChina does not separately disclose its oil refining ...

  7. Business - Companies - ENERGY

    Sino Oil spends US$30m on wells and pipelines

    Posted May 30th 2013, 04:12pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Sino Oil spends US$30m on wells and pipelines Sino Oil and Gas, a partner of PetroChina in a project to extract natural gas trapped inside coal seams in Shanxi ... Oil's annual meeting, said he expects Beijing to give final approval to the project by the end of the year. PetroChina is barred from funding a project with a non-mainland partner before ...

  8. Business - Commodities - ENERGY

    PetroChina's Kunlun invests billions as cars are converted to gas

    Posted May 21st 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Kunlun invests billions as cars are converted to gas Kunlun Energy, PetroChina's gas distribution and infrastructure unit, plans to invest HK$22 billion this year building gas pipelines and liquefied natural gas (LNG) processing plants, as more petrol- and diesel-powered vehicles are converted to run on natural gas. With the new infrastructure, ...

  9. Business - Commodities - ENERGY

    Gas price reform to go nationwide

    Posted Oct 16th 2012, 12:00am by JANE CAI

    ... as well as local gas wholesalers, analysts said. Shares of CNPC subsidiary PetroChina rose 0.11 per cent in Shanghai and 0.77 per cent in Hong Kong trade yesterday. PetroChina's operating ...

  10. Business - China Business - MANUFACTURING

    Steel pipe maker Chu Kong up 9.6pc, buoyed by growth in gas projects

    Posted Aug 21st 2012, 12:00am by Eric Ng

    ... largely to the delivery of orders for the Shenzhen-to-Hong Kong section of PetroChina's second west-to-east gas pipeline, and the Liwan deep-sea gas project in the South China Sea led ... long-distance gas pipelines linking Xinjiang with eastern and southern China. Two will be built by PetroChina and two by Sinopec. Meanwhile, rival Shengli Oil & Gas Pipe Holdings reported a 19.7 per ...




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