• Sat
  • Jul 12, 2014
  • Updated: 4:10pm

PetroChina

As its name suggests, PetroChina Company Ltd is the listed arm of state-owned China National Petroleum Corporation (CNPC). It is China's biggest oil producer, and is listed in Hong Kong, New York, and Shanghai.

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

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.

Friday, 13 June, 2014, 5:57am

Wang Shuaiting latest head to roll in China Resources graft investigation

Wang Shuaiting, the chairman of the listed subsidiary of China Travel Service (Holdings) Hong Kong, is being investigated on suspicion of seriously violating law and party discipline "during his tenure with China Resources".

17 May 2014 - 10:29am

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.

13 May 2014 - 1:13am 1 comment

PetroChina sets spending limit for next few years to improve efficiency

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 its listing in 1999.

21 Mar 2014 - 5:23am

PetroChina to explore new areas in Xinjiang oilfields

PetroChina, the nation's largest oil and gas producer, will open areas in three oilfields in Xinjiang for exploration with local and foreign companies.

12 Mar 2014 - 6:03pm

PetroChina, Sinopec to seek private capital

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.

6 Mar 2014 - 12:33am

PetroChina, Sinopec expected to cut back on 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 spending in the next few years.

Contributing factors are flat oil prices, rising debt, slowing growth in demand and excess capacity in oil refining and chemicals.

20 Feb 2014 - 12:18am

CNPC's major gas find may be more hot air

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 given the firm's tarnished track record in bringing previously announced major discoveries to production.

17 Feb 2014 - 5:30am

China's oil refining party at an end as capacity is cut

Mainland refiners, like many before them, now realise that parties don't last forever and eventually everyone has to sober up. The decision by state-controlled giant PetroChina to put off two new refineries and delay expansion of another is the latest, most dramatic signal that the mainland's refined fuels capacity has expanded too fast.

4 Feb 2014 - 5:44am

SEC warns it may act against PetroChina over Iran dealings

The US Securities and Exchange Commission (SEC) has warned it might take action against PetroChina after the energy giant admitted for the first time to doing business with its state-owned parent that involved countries under US sanctions, including Iran and Sudan.

18 Jan 2014 - 12:45am 3 comments

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