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    1. PetroChina profit slides as crude prices drop


      Thu, 24 Apr 2014

      PetroChina ( PTR +0.1% ) says its Q1 net profit fell 4 ..... yuan because of a lower contribution from PTR 's upstream E&P operations; crude oil ..... although the average selling price for PTR 's crude oil fell 2.9% during the period

    2. China lifts ban on new refining projects at PetroChina, Sinopec


      Wed, 23 Apr 2014

      China's Ministry of Environmental Protection lifts its ban on new projects from China National Petroleum ( PTR ) and Sinopec ( SNP ) after determining they met pollution targets last year; China's two largest refining companies make up

    3. Athabasca sells 40% stake in Dover oil sands project to PetroChina


      Thu, 17 Apr 2014

      stake in the planned Dover oil sands project to partner PetroChina ( PTR ) for C$1.32B ($1.2B) after the project received final approvals from Alberta's government. PTR can now build Dover, which could eventually produce as much as 250K

    4. Alberta considers emissions rules to win support for oil sector


      Wed, 16 Apr 2014

      carbon intensity and concerns around air and water pollution. Relevant companies include ECA , ENB , EEP , STO , XOM , IMO , SU , CVE , PGH , BP , CNQ , BTE , DVN , IVAN , AAV , RDS.A , RDS.B , PTR , OTCPK:ATHOF Post your comment!

    5. Sinopec invites banks to submit proposals for retail sale


      Fri, 11 Apr 2014

      than $20B and could attract the interest of supermarket operators. To improve their share performance, SNP and PetroChina ( PTR ) are restructuring their volatile downstream refinery and marketing businesses, including the gas stations, by introducing

    6. Cnooc plans more capital spending despite profit slide


      Fri, 28 Mar 2014

      this year, a sharp contrast to plans from rivals PetroChina ( PTR ) and Sinopec ( SNP ), which said they will cut capital expenditure ..... respectively. SNP had reported 2013 net profit rose 3.4%, while PTR had reported a 12% rise. Production rose 20.2% Y/Y to

    7. Sinopec reports 3.4% revenue rise, plans to cut capex 4.2% in 2014


      Mon, 24 Mar 2014

      8M boe last year, and forecasts production of 363.8M barrels of oil and 706.2B cf of natural gas in 2014. PetroChina ( PTR ), China’s largest oil producer, also is cutting capex; it said last week its spending target for 2014 was 7.1% lower

    8. PetroChina profit jumps, helped by growth overseas


      Thu, 20 Mar 2014

      PetroChina ( PTR ) says its 2013 profit rose 12.4% to 129 ..... gasoline prices in 2013 helped to narrow PTR 's loss on refining operations by nearly ..... total natural gas output jumped 9.5%. PTR Chairman Zhou Jiping says the company is

    9. Dover oil sands project approval paves way for Athabasca’s $1.32B sale


      Thu, 13 Mar 2014

      The Dover oil sands project backed by PetroChina ( PTR ) and Athabasca Oil ( OTCPK:ATHOF ) receives approval from ..... before exercising a put that allows it to sell its stake to PTR ; the final permit typically takes up to a month to issue

    10. Geospace Technologies: Attractive Because It Helps Companies Produce Oil


      Tue, 21 Jan 2014

      By Michael Fitzsimmons: Geospace Technologies ( GEOS ) is an innovative and rapidly growing $1.1 billion mid-cap based in Houston, TX. The company designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor

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