LNG

PetroChina, the Chinese-listed and overseas unit of state-owned China National Petroleum Corp. and an LNG project stakeholder in Canada and Mozambique, reported an annual increase in net profits while revenues declined on lower commodity prices.

UK major BP has agreed a $5 billion deal to sell its global petrochemicals business to Ineos, a European chemicals and refinery company and an importer of ethane made from US shale gas.