PetroChina

PetroChina posts record Q1 profit on higher oil prices

Net income is up at 48.33 billion from 46.8 billion yuan in the year-ago period

CATL’s energy storage business has gained attention as investors seek exposure to companies seen as helping reduce dependence on fossil fuels.

CATL overtakes PetroChina in market value as green bets ramp up

The battery maker now ranks as China’s third-largest onshore stock

PetroChina said it was able to maintain normal oil and gas operations due its low reliance on supply that transits through the Strait of Hormuz.

PetroChina plugs Singapore plant’s shortfall with crude from China storage, trackers say

The tanker New Merit hauls 1.8 million barrels of crude from Dalian to Jurong Island

China has been pushing to liberalise its gas market, letting suppliers pass on some costs to consumers, but has stopped short of allowing sharp price spikes that could hurt its economy.

PetroChina keeps downstream gas offers stable despite war risks

China is well-positioned to weather the ongoing war-related gas disruptions thanks to higher-than-usual inventories

Chinese state oil firms stopped buying Russian oil after Washington imposed sanctions on Moscow’s biggest oil companies, including Rosneft.

China oil majors resume seeking Russian oil after 4-month halt: sources

This is to head off supply shortages caused by the war in the Middle East

Methanol is considered a cleaner alternative to petroleum-based marine fuels.

MPA to license 3 companies to supply methanol at Singapore port

Global Energy Trading, Golden Island and PetroChina issued licences to supply methanol as marine fuel

China has long sought to reduce the risk that comes with being both the world’s top consumer and its largest importer of energy.

China’s US$470 billion oil and gas splurge is just the start

The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon

PetroChina has answered Beijing’s call to increase domestic production on concerns of energy security.

PetroChina profits fall on weaker oil and economic slowdown

Cumulative losses for the nation’s fuel-makers total 32 billion yuan this year till September, amid a downturn in the nation’s property sector and a shift towards electric transportation

PetroChina earlier this month shut a 90,000 bpd crude distillation unit indefinitely at Dalian, sources said, one of the country’s oldest refineries, with history dating to 1933.

PetroChina set to shut top north China refinery in 2025: sources

PETROCHINA is set to shut its largest refinery in north China’s Dalian around mid-2025, marking the first major closure at a state-run oil plant, part of a long-mooted project to replace it with a sma...

Beijing has pushed its state-owned oil giants to invest heavily in production to help the nation meet energy security goals.

PetroChina’s strong drilling leads to record first half

PETROCHINA posted record earnings for the first half of the year as high drilling output and strong oil prices helped it weather weakening fuel demand in China.