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  • August 27, 2014
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  1. Business - Commodities - ENERGY

    Green Dragon in talks with Chinese state-backed firms over fruits of disputed drilling

    Posted Nov 27th 2013, 11:17am by Eric Ng

    ... by CNOOC and CUCBM, while the rest was carried out by PetroChina and its parent China National Petroleum Corp. Beijing is eager for energy firms to boost the production of unconventional gas ...

  2. 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. ...

  3. Business - Commodities - ENERGY

    PetroChina, Sinopec to seek private capital

    Posted Mar 05th 2014, 12:24pm by Eric Ng

    ... giants chasing private money PetroChina and Sinopec, the mainland's duopoly onshore oil and gas giants, will pursue capital investment from the private sector, the state-backed firms' chiefs said yesterday. Their gas-related businesses will be a key area for co-operation, they said. Zhou Jiping, chairman of PetroChina, the country's largest producer of oil and gas, said ...

  4. Business - Comment - MONEY MATTERS

    Fat chance of staff cuts after PetroChina headcount doubles

    Posted Apr 20th 2013, 12:00am by Shirley Yam

    ... of staff cuts after PetroChina headcount doubles Making Jiang Jiemin, the former chairman of PetroChina, the head of the State-owned Assets Supervision and Administration Commission (Sasac) ... workforce; a plan to cut 50,000 more; and a share reward scheme for its management, or a pledge to be a genuine business. Guess what? In its 2012 annual report, PetroChina reported having 866,666 ...

  5. Business - Commodities - EARNINGS

    Refining operations fuel gains at oil firms

    Posted Oct 30th 2013, 03:31am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com PetroChina and Sinopec are expected to keep enjoying favourable domestic fuel pricing after profits improve in the third quarter Refining operations fuel gains at oil firms PetroChina and China Petroleum & Chemical (Sinopec), the country's two largest oil producers and refiners, yesterday posted improved third-quarter results on better refining ...

  6. Business - Commodities - ENERGY

    China scrambles to boost oil output

    Posted Oct 31st 2013, 02:57am by Reuters

    ... their costs. PetroChina, Sinopec and CNOOC produced more oil and gas in the first nine months of this year, they said in the past week. That was partly in response to the government's recent rise ... PetroChina and Sinopec both reported on Tuesday net profit growth of about 20 per cent in the third quarter. "There is a lot of incentive for China to produce as much oil as it can ...

  7. News - China - ENERGY

    Petrochina sparks protests after tightening rules on hiring workers' children

    Posted Apr 30th 2014, 05:34pm by Angela Meng

    ... of Daqing Oilfield workers and their families railed against parent company Petrochina’s decision to change a policy that guaranteed jobs for all workers’ children who graduate from university. The protesters recently gathered at the oilfield company’s base in Heilongjiang province, China Newsweek reported. Petrochina, the country’s biggest oil producer which owns the nation’s largest oilfield ...

  8. Business - China Business - ENERGY

    PetroChina, Sinopec expected to cut back on capital spending

    Posted Feb 19th 2014, 10:13am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Mainland energy giants shift focus to quality instead of quantity amid flat oil prices, rising debt, slowing growth and excess capacity PetroChina, Sinopec to cut capital spending PetroChina, which leads the world's companies in capital expenditure, and fellow oil and gas producer China Petroleum & Chemical (Sinopec) are expected to trim ...

  9. 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. ...

  10. Business - Commodities

    PetroChina seeks more deals in Australia

    Posted Mar 12th 2013, 12:00am by Bloomberg

    ... Bloomberg Oil and gas giant hopes to boost presence on top of US$3.7b investments PetroChina seeks more deals in Australia PetroChina, the mainland's biggest oil and gas producer, ... and Pacific operations, PetroChina is willing to expand our presence in Australia when a good opportunity arises," said Mao Zefeng, a Beijing-based spokesman for PetroChina. PetroChina, planning ...




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