PetroChina | Egypt Oil & Gas - Part 3
China’s Crude Oil Output Slips in First Half of 2016
According to the National Development and Reform Commission (NDRC), China’s crude oil output dropped by 4.8% year-on-year –to 100.45m tons in H1 of 2016.
Chevron, PetroChina Start Sour Gas Production in Sichuan Basin
Chevron Corp. and PetroChina Co. began long delayed gas production from the Luojiazhai onshore field in China’s southwestern regions of Sichuan and Chongqing, at the end of 2015, with an annual production capacity of ...
China Oil Major Sells its Trans-Asia Gas Pipeline Assets
China National Petroleum Corporation (CNPC), the country's biggest oil company has sold 50% of its interest in the Trans-Asia Gas Pipeline Co. for $2.3-2.4b, far below the market price, to China Reform Holdings Corpo ...
Iraq Seeking Foreign Investments to Increase its Oil Output
Iraq's state-run South Oil Co. (SOC) has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar Integrated South Project to boost infrastructure that will allow to increase output from its sma ...
China Strives for Energy Sector Reform with PetroChina Sales
PetroChina Co. announced plans to unload $2.4b in Central Asian pipelines by selling a 50 % stake in Trans-Asia Gas Pipeline Co. to China Reform Holdings Corp., another state-owned company.
Bernstein Predicts New Global Cycle of Mergers & Acquisitions
Analysts Sanford C. Bernstein & Co. have predicted a rise in mergers and acquisitions over the coming year, with a possible recovery in crude prices to follow, reports BloombergBusiness.
Egypt Responsible for LNG Price Increase
Asian liquefied natural gas (LNG) prices for December delivery rose this week as traders and energy companies moved to fill slots awarded to Egypt recently, reported Egypt Independent.
