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PetroChina Co Ltd

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  • SAO PAULO, July 3- The judge presiding over Brazil's largest-ever corruption investigation defended his impartiality on Friday, in a case centered on state-run oil firm Petrobras that has swept up some of the country's most powerful executives. Executives from the nation's largest engineering firms are accused of price-fixing contracts and overcharging...

  • *Rising output largely due to CNOOC and smaller producers. BEIJING, July 3- China's crude oil output looks set to rise this year from a record in 2014 as new production from third largest producer CNOOC helps to counter reductions from its two bigger rivals. While there is no official Chinese production outlook, information from the biggest state oil companies...

  • *CSI300 -2.4 pct; SSEC -3.3 pct; HSI -0.2 pct. SHANGHAI, July 3- China stocks slumped again on Friday, taking their three-week tumble to nearly 30 percent and wiping out most of this year's gains, prompting regulators to launch investigations into suspected market manipulation. said Fu Xuejun, strategist at Huarong Securities Co..

  • BRASILIA, July 1- Brazilian senators on Wednesday debated alternatives to a 2010 law that requires state-run oil firm Petrobras to take a minimum 30 percent stake in new development contracts and function as operator in Brazil's subsalt oil areas. The current rules have been criticized for limiting foreign investment in the Subsalt Poligon, a region off...

  • RIO DE JANEIRO, July 1- Brazilian state-run oil company Petroleo Brasileiro SA's long history of failed spending and output plans may be the biggest obstacle to its efforts to convince investors it will reduce its massive debt. Petrobras, though, has not met an annual production target since 2003 when the Workers' Party government of Brazilian President Dilma...

  • BRASILIA, June 30- Brazil's senate on Tuesday voted to raise salaries for court workers by as much as 78 percent over the next two years, pressuring government coffers at a time President Dilma Rousseff is trying to cut spending and attract investment. The extra expenditure would further threaten Finance Minister Joaquim Levy's efforts to shore up government...

  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • NEW YORK, June 29- Brazil's President Dilma Rousseff on Monday drew on her own experience as a political prisoner during the country's dictatorship to denounce informants in a corruption scandal that has pummeled her popularity. Speaking to journalists in New York, Rousseff contrasted her experience in jail in the early 1970 s opposing Brazil's...

  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • *Hong Kong corporate governance ranking fell in 2014. HONG KONG, June 29- Missing executives, bribery probes, workers suspected of pilfering company documents- not the plot for a thriller, just regular reading for a Hong Kong stock trader. Puzzling company statements that would raise eyebrows in most financial centres have become increasingly common in Hong...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. Police also apprehended Otavio Marques Azevedo, CEO of Andrade Gutierrez,...

  • CURITIBA, Brazil, June 23- Brazil's biggest corruption investigation could spread to its largest electric utility, Eletrobras, and more than a dozen foreign companies, a lead prosecutor said on Tuesday, in a sign of further turbulence for the country's business and political establishment. Carlos Fernando dos Santos Lima said a scheme similar to one set up as...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • RIO DE JANEIRO, June 19- Oil spilled from a pipeline linking a main Atlantic Ocean terminal with a refinery near Rio de Janeiro on Friday, Brazil's state-run oil company Petroleo Brasileiro SA said. The narrow coastal region where the spill occurred is in Rio de Janeiro's Costa Verde or " Green Coast"- one of Brazil's most beloved tourist regions and home to one of the...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, local media said, pulling the most high-profile executive into the corruption investigation at state-run oil firm Petrobras. Odebrecht, which has 200,000 workers and a presence in 21 countries,...

  • VANCOUVER, June 17- Canada's environment ministry said on Wednesday it approved a Royal Dutch Shell Plc- led liquefied natural gas export terminal on British Columbia's coast, contingent on the project meeting 50 environmental, social and operational conditions. The province of British Columbia also issued an environmental certificate for the export...

  • VANCOUVER, June 17- Canada's environment ministry said on Wednesday it has approved a Royal Dutch Shell- led liquefied natural gas export terminal proposed for British Columbia's Pacific Coast, contingent on the project meeting 50 conditions on monitoring its impact. Shell's LNG Canada project, which is expected to have cost as much as C $40 billion when...

  • RIO DE JANEIRO, June 16- Brazil's state-run oil company Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources said, when the government plans to announce a rescue program for the industry. However, executives at Petroleo Brasileiro SA, as Petrobras is formally known, have run into internal and...

  • Low oil price hits $200 billion in mega-projects Tuesday, 16 Jun 2015 | 10:34 AM ET

    LONDON, June 16- Deepwater oil projects and complex gas facilities worth around $200 billion have been canceled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year, consultancy Ernst and Young said on Tuesday. "A total of $200 billion of oil and gas projects have been deferred or canceled," said Brogan, global oil and gas...