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.

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Thursday, 21 March, 2013, 2:50am

Analysts say China's oil majors set to unveil falling profits

PetroChina's earnings have been affected by Beijing's move to raise refined fuel prices slower and by smaller amounts. Photo: AFP

A survey of more than 30 brokerages by Thomson Reuters gave an average prediction for PetroChina, the nation's largest oil and gas producer, which is due to report on Thursday, of a 6 per cent decline in net profit to 125 billion yuan (HK$156 billion).

18 Mar 2013 - 2:17am

PetroChina seeks more deals in Australia

PetroChina plans to invest at least US$60 billion this decade in global oil and natural gas assets. Photo: Xinhua

PetroChina, the mainland's biggest oil and gas producer, is looking to make more deals in Australia, adding to about US$3.7 billion in acquisitions as part of a global drive to feed surging Chinese demand.

12 Mar 2013 - 4:44am

PetroChina links with US firm ConocoPhillips for gas exploration

PetroChina is increasing its Western Australian footprint with the purchase of 20 per cent of Poseidon gas field, and 29 per cent of Goldwyer. Photo: Xinhua

PetroChina has agreed to invest in two natural gas exploration projects in Western Australia in partnership with the US oil major ConocoPhillips, with the two companies also joining hands to explore for shale rock gas in south-west China.

22 Feb 2013 - 5:27am

Refiners pushed to make new fuel grade

PetroChina and Sinopec together account for more than 80 per cent of the mainland's motor fuel output. Photo: AFP

The mainland's state-backed oil refining majors will have a tough time meeting Beijing's deadlines to upgrade refining facilities and improve fuel quality unless the government gives them financial support, analysts say.

8 Feb 2013 - 3:53am

Mainland gas needs price rise, analysts say

Sichuan province is increasing gas prices by up to 20 per cent and Zhejiang is seeking approval for a 25 per cent rise. Photo: AP

The biggest event in the mainland's natural gas sector this year is expected to be a long-awaited nationwide price increase and further reforms of an antiquated pricing system.

16 Jan 2013 - 3:41am

Business Digest, January 9, 2013

Huawei to challenge with biggest screens

Record unemployment and fraying social welfare systems in southern Europe risk creating a new divide, the European Union warned yesterday as figures showed joblessness across the 17 countries that use the euro hit 11.8 per cent in November, the highest since the currency was founded in 1999. It rose from 11.7 per cent in October and 10.6 per cent a year earlier.

9 Jan 2013 - 4:08am

Baoshan takes stake in PetroChina pipeline

The 5,220-kilometre pipeline will stretch from Xinjiang Uygur autonomous region in the northwest to northern Guangdong. Photo: Xinhua

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.

21 Dec 2012 - 3:46am

PetroChina taps into Canada's energy resources

PetroChina wants half of its oil and gas to come from overseas by the end of this decade to feed demand back home. Photo: AFP

PetroChina has agreed to pay Encana C$1.18 billion (HK$9.3 billion) for a 49.9 per cent stake in an Alberta, Canada, shale formation as Asia's biggest oil producer steps up acquisitions of overseas energy assets.

PetroChina would also pay C$1 billion over four years to fund development of the project, Encana said yesterday.

15 Dec 2012 - 3:12am

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

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.

3 Sep 2013 - 1:00pm

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

PetroChina has earmarked close to US$16 billion for overseas investment this year as it aims to have half its production outside China within eight years. Photo: Xinhua

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 in a statement.

3 Sep 2013 - 12:59pm

State firms line up to back PICC listing

Investors are cautious about PICC's growth strategy. Photo: Reuters

Beijing is throwing its financial muscle behind the listing of the People's Insurance Company (Group) of China (PICC), which has received record buy orders for shares from state-controlled firms.

29 Nov 2012 - 4:49am

Briefs, November 20, 2012

EU gives ING more time to repay bailout loans

CSRC loosens capital rules for brokerages

20 Nov 2012 - 3:51am

Mainland cuts petrol and diesel prices on cheaper crude

After price increases in August and September, mainland motorists will now pay 3.1 per cent less for their petrol. Photo: Xinhua

Beijing yesterday cut petrol and diesel prices for the first time since July, threatening to reduce processing margins for refiners in the world's second-biggest oil-consuming nation.

The maximum at which petrol can be sold to motorists falls by 310 yuan (HK$385) a tonne and diesel by 300 yuan, the National Development and Reform Commission said on its website.

17 Nov 2012 - 4:13am

Analysts bearish on PetroChina earnings growth

PetroChina is losing the support of analysts who say earnings growth at Asia's biggest oil producer is stunted by its unprofitable natural gas imports.

14 Nov 2012 - 4:57am