TOPIC
 / company

PetroChina

Liquified natural gas (LNG) storage tanks at PetroChina’s receiving terminal in Dalian, Liaoning province on July 16, 2018. Photo: Reuters

PetroChina to downsize, shut its biggest refinery in northern China

PetroChina plans to shut its Dalian refinery, with the capacity of 410,000 barrels per day, or 3 per cent of China’s total refinery output, around mid-2025, sources said.

Opinion | For China, choosing green hydrogen over shale gas should be a no-brainer

PetroChina invests US$839 million to shift towards green energy

PetroChina joins world’s top producers in industry vow to reach net zero by 2050

China’s largest oil and gas producer has joined the Oil & Gas Decarbonisation Charter, a pledge signed by more than 50 firms to reach net zero by 2050.

PetroChina has become the latest company to join the Oil & Gas Decarbonisation Charter launched at the Cop28 summit in the UAE last year. Photo: Bloomberg

China’s oil refiners are slowing down after decades of growth

A prolonged property crisis has weighed on China’s economy this year, while the steady uptake of new-energy vehicles and trucks powered by gas are flashing bearish signs for future oil demand.

Singapore to offer carbon tax rebates up to 76% for refiners, petro firms: sources

This hefty increase in carbon taxes has been a hot topic in Singapore’s refining sector, following the sale of Shell’s flagship Bukom and Jurong Island refinery and petrochemical facilities amid stiff competition.

Advertisement
Advertisement

PetroChina: rapid EV uptake means oil use for transport to peak next year

Oil consumption in China’s transport sector will peak next year ‘at the latest’ as rapid adoption of electric vehicles (EVs) pulls the plug on petrol consumption, according to the nation’s largest oil and gas producer.

videocam
A PetroChina electric vehicle charging station stands next to one of its petrol stations in Beijing on February 2, 2024. Photo: Reuters

Huawei founder talks digital transformation, tech innovation with PetroChina head

The meeting underscores Huawei’s long-standing ties with PetroChina in projects that have helped modernise its operations in the energy industry.

PetroChina claims progress on emissions, low-carbon energy goals

The nation’s largest oil and gas producer says it is on track to peak carbon emissions next year and double the contribution of low-carbon energy to its output capacity over two years, top leaders say.

China’s demand for LNG imports may double over next decade: Cheniere Energy

‘Everything is in place and heading towards a 130-to-140 million-tonnes market’ after 2023 import volume rose 12.6 per cent, says senior company official.

Cheniere Energy’s liquefaction facility in Corpus Christi, Texas, is under construction. Photo: Bloomberg.

Greenpeace accuses Chinese oil and gas firms of ‘greenwashing’ LNG purchases

Big oil and gas companies in China and elsewhere are using low-quality carbon offsets to ‘greenwash’ their imports of natural gas while failing to make strong emissions cutting commitments, Greenpeace says.

videocam
Firms like PetroChina have signed long-term contracts with Shell to buy ‘carbon neutral’ LNG, which uses ‘forest offsets’ to balance out carbon emissions. Photo: Reuters

Chinese state oil companies falling short on climate pledges: Carbon Tracker

Sinopec, PetroChina and CNOOC have not fulfilled the minimum requirements to align with the Paris Agreement and continue ‘to put investors at risk’, according to the think tank.

videocam

China starts drilling another 10,000-metre well in search for natural gas

Exploration of the challenging Shendi Chuanke-1 Well in the Sichuan Basin is part of Deep Earth project.

videocam
6

Chinese oil giants’ clash in Middle East oil market puzzles traders

The biggest opposing positions in Middle East crude trading in years by the trading units of PetroChina and Sinopec have transformed global cargo flows and puzzled oil traders globally.

videocam
An oil pump in Bahrain’s Sakhir oilfield. Photo: AP Photo

Former Bank of China chief Liu Liange facing corruption investigation

The 62-year-old was abruptly removed from his post as chairman and party chief at the leading state-owned lender in February.

videocam
Liu Liange was snared by an anti-corruption campaign targeting the financial sector. Photo: AP

PetroChina reports progress on green-energy development

China’s largest oil and gas producer says it is on track for non-fossil energy to account for 7 per cent of its total capacity in 2025. Greenhouse-gas emissions from its own operations rose slightly in 2022.

videocam

Ecuador reaches deal to restructure debt with Chinese banks

President Guillermo Lasso previously announced he sought to restructure debt and improve conditions of long-term oil sales contracts with Beijing.

videocam
Advertisement
Advertisement

PetroChina picks up renewable energy development pace, unveils record profit

PetroChina has adjusted its renewable energy development target higher after bagging approvals to install 5.36 gigawatts of wind and solar farms and 11.2 million square metres of geothermal projects.

videocam
PetroChina has set a goal to peak its carbon emissions by 2025 and reach ‘near-zero’ level by 2050. Photo: Bloomberg

Alibaba, JD.com fuel best stock rally since April on fresh China stimulus

Hong Kong stocks surged by the most in four months after China unveiled new stimulus to shore up the economy. Fresh speculation on US delisting matters emerged, lifting tech firms.

videocam

More Chinese state-owned firms will delist from US, analysts say

The voluntary delisting of five SOEs including Sinopec and PetroChina from the New York Stock Exchange could pave the way for further exits, according to analysts.

videocam
11

Chinese state-owned firms to delist from the US amid audit dispute

The companies cited low trading volumes, high costs and regulatory issues for their decision to voluntarily delist from the NYSE. Chinese regulator says it is normal for companies to list or delist from any market.

videocam
35
Three leading Chinese state-owned companies are preparing to delist from the New York Stock Exchange. Photo: AP Photo

PetroChina’s first-half profit rises over 50 per cent on higher oil prices

China’s biggest oil company estimates net profit rose between 26.5 billion yuan (US$3.9 billion) and 32 billion yuan in the January to June period.

videocam
PetroChina’s logo is seen at a petrol station in Beijing. China’s largest oil and gas producer saw its first-half net profit jump due to higher oil prices. Photo: Reuters

Hong Kong stocks slip as mass Covid-19 testing stirs China lockdown fears

New infections prompt mass screening in nine of Shanghai’s 16 districts, stoking lockdown fears. Recession concerns also undermine crude oil prices, hitting producers like CNOOC.

videocam

Chinese oil giant aims for half its output to be renewable by 2050

PetroChina, which reported its highest profit for seven years, will tap wind, solar and geothermal resources as it steps up efforts to help the country achieve net-zero emissions by 2060.

videocam

Ukraine crisis: Chinese oil, mining groups are early stock market winners

Notwithstanding the unfortunate casualties, the Russia-Ukraine war is threatening to disrupt supply chains. Chinese oil and mining groups are some of the early stock market winners.

videocam
Driverless vehicles move containers at a port in Qingdao in eastern Shandong province in January 2022. Photo: AP

Unit of China oil giant ‘cooperating’ with probe into ‘irregular trading’

Authorities say the subsidiary of PetroChina was involved in irregular reselling of crude totalling 179.5 million tonnes to 115 local refineries, ‘severely’ disrupting markets.

videocam
Authorities have punished a unit of China’s state-owned PetroChina for irregular crude trading. Photo: Reuters

‘Based on our own needs’: China to join global oil reserve release

China’s second release from its state oil reserves could again amount to around 7.38 million barrels following a 50 million barrel commitment from US President Joe Biden.

videocam
27

Surging diesel prices drive some Chinese truckers to the black market

The rising price of diesel has come at a critical time for China’s logistics industry, ahead of the peak Singles’ Day shopping and delivery season.

videocam
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
PetroChina
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.
Chairman / President
Dai Houliang
CEO / Managing Director
Huang Yongzhang
CFO / Finance Director
Wang Hua
Industry
Oil and gas
Website
petrochina.com.cn
Headquarters address
9 Dongsanhuan North Road, Chaoyang District, Beijing 100007, China
Stock Code
SEHK:0857
SSE:601857
NYSE:PTR
Year founded
1999
last updated:
16 October, 2024
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement