ExxonMobil Has Finally Left Iraq
The American oil company has finally abandoned the West Qurna 1 project in southern Iraq, transferring operational functions at one of the world’s largest oil fields to PetroChina. In 2023, the Iraqi authorities approved an agreement to transfer ExxonMobil’s 22.7% share in the West Qurna-1 project to the state-owned Basra …
Shell Leads All Oil and Gas Brands as COVID, Ukraine and ESG Issues Disrupt Global Brand Values
Shell is world’s most valuable brand in oil and gas, valued at US$49.9 billion Aramco retains second place globally with 16% brand value growth ADNOC grows strongly, benefits from top brand guardian CEO in industry China’s PetroChina and Sinopec struggle, behind continuing COVID curtain Petronas is world’s strongest oil and …
PetroChina Suspends Some Gas Contracts as Coronavirus Hits Demand-Sources
PetroChina has suspended some natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, as a seasonal plunge in demand adds to the impact on consumption from the coronavirus outbreak. The company issued the force majeure notice to suppliers of piped gas and also …
Kazakhstan to Double Natural Gas Exports to China to 10 Bcm/year in 2019
Kazakhstan’s national gas shipping company KazTransGaz and PetroChina International Company on Monday inked a five-year contract to double Kazakh natural gas exports to China to 10 billion cubic meters/year from 2019. The deal comes as Kazakhstan increases gas production, with associated petroleum gas accounting for the bulk of the output, …
Gazprom: Working meetings with CNPC and PetroChina held
Beijing hosted today working meetings among Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Wang Dongjin, Vice President of CNPC and Huang Weihe, Vice President of PetroChina. The parties addressed the progress with the project for constructing the Power of Siberia gas pipeline to supply Russian natural gas to …
Gazprom: PetroChina Gas Negotiations Progressing Well
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Huang Weihe, Vice President of PetroChina. The parties addressed the issues of arranging Russian gas supply to China via the western route. It was pointed out that the main terms and conditions of …
Tethys Petroleum: Signs MOU with PetroChina for Gas Sales Into China
Tethys Petroleum Limited is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with PetroChina International Kazakhstan Ltd (“PetroChina”) and also provide a corporate update to our shareholders. Highlights: — Updated vision and strategy announced focussed on capital discipline, the generation of cash flow from existing reserves …