Search Results

Results 1 - 10

Refiner's net dips but outlook seen better

Business | Energy
2009-10-29

PETROCHINA Co yesterday said third-quarter earnings tumbled 23.5 percent on lower crude prices, but analysts expect a better outlook amid a steady rise in oil prices and stronger fuel demand. Its net profit in...

PetroChina in Canadian deal

National
2009-9-2

PETROCHINA Co has agreed to buy majority stakes in two Canadian oil sands projects for C$1.9 billion (US$1.7 billion) to secure long-term energy supply and help develop the world's largest untapped oil reserves. ...

PetroChina's acquisition spree

Business | Energy
2009-6-20

PETROCHINA Co plans to buy pipeline assets in west China from its parent for 9.7 billion yuan (US$1.4 billion) and is said to be in talks about investing in a refinery in Scotland. The assets to be acquired include...

Deal marks watershed for PetroChina

Business | Energy
2009-5-26

PETROCHINA Co's agreement to buy Singapore Petroleum Co marks a milestone for the company to venture abroad although the deal size is not significant. China's top oil producer agreed to buy 45.5 percent of the...

PetroChina agrees on US$1b deal to buy Singapore stake

Business | Energy
2009-5-25

PETROCHINA Co, Asia's largest oil and gas producer, yesterday said it has agreed to buy Keppel Corp's 45.51-percent stake in Singapore Petroleum Co for S$1.47 billion (US$1.02 billion) in cash, or S$6.25 per share. ...

PetroChina plans to seek US$14.7b via debt

Business | Energy
2009-5-13

PETROCHINA Co planned to raise 100 billion yuan (US$14.7 billion) via debt financing this year, the company said in a statement late yesterday to the Shanghai and Hong Kong stock exchanges. The financing plan was...

PetroChina seeks cash flow

Business | Energy
2009-5-7

PETROCHINA Co yesterday said it needs to raise 150 billion yuan (US$22 billion) this year to finance operations and investment activities. The oil producer said in a filing to the Shanghai Stock Exchange that it...

PetroChina income tumbles on crude fall

Business | Energy
2009-4-28

PETROCHINA Co's net income plunged 35.3 percent in the first quarter of this year as crude oil prices tumbled from a year earlier and demand weakened. Net profit fell to 18.96 billion yuan (US$2.78 billion), or...

Dalian picked as base for LNG venture

Business | Energy
2009-3-19

PETROCHINA Co and Dalian Port (PDA) Co agreed to form a joint venture for a 6-billion-yuan (US$877 million) liquefied natural gas terminal project in the northern port city. PetroChina will own 75 percent of the...

Sale of notes to boost cash flow

Business | Energy
2009-3-17

PETROCHINA Co, the nation's biggest oil and gas explorer, plans to sell 15 billion yuan (US$2.2 billion) worth of three-year medium-term notes to boost its cash flow. An increase in the company's windfall tax...