PetroChina posts profits rise and transfers pipeline and LNG terminal assets from subsidiary to PipeChina
PetroChina, the Chinese oil and gas major listed in Hong Kong and with LNG stakes in Canada and Mozambique, reported an 8.4 percent rise in first-quarter revenues and a return to profits after losses in the same three months of 2020, as it also completed the hand-over of control of the Dalian LNG terminal to the new state-owned energy infrastructure company.
Chinese LNG importer and oil major CNOOC plans fast-track development of new field in Bohai Sea
China National Offshore Oil Corp., one of China’s main LNG importers, said its newly discovered Bozhong 13-2 oil and natural gas field in the Bohai Sea offshore northeast China could prove to be one of nation’s largest resource basins and will be subject to fast-track development.
Chinese major Sinopec reports big drop in profits amid rising LNG imports and economic recovery
China Petroleum and Chemical Corp., or Sinopec, the largest Chinese owner of oil refineries and with growing LNG volumes to match its contracted Australian supplies, reported a tumble in net profits of almost 46 percent in the year to date because of the double challenges in the energy market.
China Gas Holdings named in Hang Seng 300 Index and emerges as city-gas and LNG-led clean energy force
China Gas Holdings, one of the leading non-state controlled companies in the Chinese sector involved in city-gas and LNG, has been included in the Hang Seng Shanghai-Shenzhen-Hong Kong 300 Index for growing corporations as it pledged to replace more coal with gas in Northern China.
