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  • October 31, 2014
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  1. Business - Companies

    PetroChina pays US$1.2b to form joint venture with Encana

    Posted Dec 14th 2012, 08:36am by Bloomberg

    ... Bloomberg in Calgary PetroChina agreed to pay Encana C$1.18 billion (US$1.2 billion) for a 49.9 per cent stake in an Alberta shale formation as Asia’s biggest oil producer steps up acquisitions of overseas oil and gas assets. PetroChina will also pay C$1 billion over four years to fund development of the project, Encana said in a statement. The accord follows Beijing-based ...

  2. Stopaq blocks corrosion, seals business success

    Posted Oct 27th 2014, 05:18pm

    ... Major oil companies such as Shell, Total and PetroChina use Stopaq's self-healing coating for its special non-curing, fluid-phase properties which offer flexible, non-toxic ...

  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 - Companies

    BHP to sell its interest in Browse to PetroChina for US$1.63b

    Posted Dec 12th 2012, 08:55am by Bloomberg

    ... Bloomberg in Sydney and Hong Kong PetroChina, Asia’s biggest oil producer, agreed to pay BHP Billiton US$1.63 billion for its holding in Woodside Petroleum’s proposed Browse liquefied natural gas project in Western Australia. PetroChina will acquire an 8.33 per cent stake in the East Browse joint venture and a 20 per cent share of West Browse, BHP said on Wednesday ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. News - China - CORRUPTION

    Three more CNPC officials under investigation

    Posted Aug 27th 2013, 09:23pm by Eric Ng

    ... 3 more CNPC officials Three more senior executives of China National Petroleum Corp (CNPC), the nation's largest oil and gas firm and parent of listed PetroChina, are under investigation ... general manager Ran Xinquan, and PetroChina chief geologist Wang Daofu are being investigated, Xinhua reported, citing the State Council's State-owned Assets Supervision and Administration ...

  9. 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 ...

  10. Comment - Insight & Opinion

    Action on CNPC signals Beijing's resolve to hit corruption hard

    Posted Sep 05th 2013, 12:00am by Hu Shuli

    ... Corporation (CNPC), one of the nation's biggest state-owned enterprises and parent company of the Hong Kong-listed PetroChina. First, the Central Commission for Discipline Inspection announced ... said newly promoted deputy general manager Li Hualin, along with two PetroChina senior executives, Ran Xinquan and Wang Daofu, had been relieved of their duties pending a disciplinary probe. ...




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