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PetroChina Co Ltd

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  • LAUNCESTON, Australia, April 20- Nothing shows the changing nature of the global liquefied natural gas market than the creation of super-sized producers and buyers. The $70 billion merger of Royal Dutch Shell and BG and the joint fuel procurement venture between Japan's top utilities, Tokyo Electric Power Co and Chubu Electric Power Co, are flip sides of the...

  • RIO DE JANEIRO, April 16- Petrobras' projected investments over the coming five years will be about 20 percent lower than the previous five-year plan from the Brazilian state-run oil company, a person with knowledge of the situation said on Thursday, as a corruption investigation and falling crude prices force it to cut back. The 2015-2019 business plan, which...

  • SAO PAULO, April 14- A corruption probe at Brazil's state-run oil company Petrobras is likely to promote less government intervention and more transparency, economists and analysts said on Tuesday. The investigation could, however, also stir more political infighting, extend the scandal to other state companies and even put the brakes on an expected economic...

  • BEIJING, April 13- The former head of CNPC, China's top energy group, on Monday admitted his guilt and asked for leniency at the opening of his trial on charges of bribery and abuse of power, the latest in a string of top officials caught in an anti-graft campaign. Scores of senior figures in the ruling Communist Party, the military and state-owned enterprises have...

  • BEIJING— A top official who led China's biggest petroleum company and later was assigned to oversee state-owned companies admitted in court Monday that he was guilty of corruption and abuse of power, the court said. "My family property went far beyond what my legal income could afford," said Jiang Jiemin, according to a statement posted on the microblog of the...

  • BEIJING, April 13- The trial of the former head of CNPC, China's top energy group, began on Monday, with charges of bribery, abuse of power and other corrupt practices making him the latest in a string of top officials hauled into court by an anti-graft campaign. Scores of senior figures in the ruling Communist Party, the military and state-owned enterprises have...

  • WASHINGTON, April 13- As the United States and Iran come closer to a historic nuclear deal, many U.S. states are likely to stick with their own sanctions on Iran that could complicate any warming of relations between the long-time foes. In more than half those states, the restrictions expire only if Iran is no longer designated to be supporting terrorism or if all...

  • BEIJING— A top official who led China's biggest petroleum company and later was assigned to oversee state-owned companies went on trial Monday on charges of corruption and abuse of power. Jiang is charged with taking bribes, possessing a large number of assets from unidentified sources and abusing his position at a state-owned enterprise, Hanjiang...

  • SAO PAULO, April 10- The assets management unit of Brazilian bank Bradesco has proposed two candidates for seats on the board of the state-run oil company Petroleo Brasileiro SA, or Petrobras. Petrobras said in a filing on Friday that Bradesco Asset Management SA had nominated Eduardo Bunker Gentil and Otavio Yazbek as candidates for the board.

  • GOIANIA, Brazil April 10- The Brazilian economy will likely shrink this year, but the South American country could return to growth in 2016 if it succeeds in boosting investor confidence with its austerity drive, the International Monetary Fund said on Friday. The IMF lowered its 2015 forecast for Brazil's economic performance to a 1 percent contraction from...

  • By embracing power-sharing deals and budget cuts that she shunned during her first term in office, President Dilma Rousseff has begun to ease the economic and political crisis plaguing Brazil, congressional leaders and economists say. Rousseff's decision this week to hand formal responsibility for negotiating with Congress to Vice President Michel...

  • BRASILIA, April 9- State-run oil company Petrobras has purged corrupt managers and put a graft scandal behind it, while hitting record output levels from off-shore deposits, Brazil's President Dilma Rousseff said on Thursday. The indictment of former senior executives of Petroleo Brasileiro SA and the investigation of dozens of political allies of...

  • *Iran wants latest technology, equipment to get fields going. BEIJING, April 8- Iran hopes to resolve differences with Chinese energy companies on oil and gas projects in the Islamic republic, as Tehran wants to be ready to raise output quickly after a potential lifting of sanctions this year, Iranian oil officials said on Wednesday. The officials are in China this...

  • SAO PAULO, April 6- Brazil's state-run oil company Petroleo Brasileiro SA said on Monday it would halt five drilling rigs under contract with Schahin. Petrobras, as the company is known, said it was informed by Schahin on April 2 that the financially strapped oil services company was planning a controlled shutdown of drilling activities at five of its rigs.

  • SAO PAULO, March 31- Petrobras, Brazil's state-run oil company, will not sell its fuel distribution arm as part of its ongoing asset sale plan, company board member Silvio Sinedino said on Tuesday. In a live speech broadcast on Youtube, Sinedino said Aldemir Bendine, chief executive of the company, officially Petroleo Brasileiro SA, told a recent board meeting that...

  • *FACTBOX on Iran oil sanctions. DUBAI/ NEW DELHI/ HONG KONG, March 31- A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable. Under sanctions Iran became adept at offering discounts, easy credit and free shipping to keep in the game, recalling...

  • SAO PAULO, March 30- Brazil's state-run oil company Petroleo Brasileiro SA said in a securities filing on Monday that Mauro Gentile Rodrigues da Cunha, the board member elected by minority shareholders, had decided not to run for another term.

  • LONDON, March 30- China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week. Tanker data listed it as being run by Glasford, the shipping-arm of PetroChina. Trading sources estimate Yemen's oil exports before...

  • Amid Yemen chaos, China keeps oil shipments flowing Monday, 30 Mar 2015 | 6:23 AM ET

    LONDON, March 30- China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week. The 2 million barrel Very Large Crude Carrier, Tai Hung San, left the Yemeni port of Ash Shihr on Sunday, and has been chartered by...

  • SAO PAULO, March 27- Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive seized in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA. Trials are underway in Curitiba, in what has become Brazil's biggest-ever corruption probe known as Operation Car Wash. Two dozen of Brazil's biggest engineering firms are...