3 hours ago
PetroChina reported record first-half operating results for 2026, with profit attributable to shareholders rising 22% year over year to RMB103.94 billion as the Chinese energy giant expanded across natural gas, new materials and lower-carbon businesses.
Revenue increased 5.3% to RMB1.527 trillion, while basic earnings per share reached RMB0.57. PetroChina said it was the first time its attributable profit had exceeded RMB100 billion in a half-year period.
The company's oil, gas and new energies business remained its biggest earnings contributor, generating RMB100.45 billion in operating profit during the first half.
PetroChina reported oil and gas equivalent production of 921 million barrels, domestic crude production of 393 million barrels and marketable natural gas production of 2.66 trillion cubic feet.
The company said it made six new discoveries and advanced 19 new developments during the period. It also established two large gas reserve areas in the Sichuan and Junggar basins and a major deep conventional oil reserve area at Tarim Fuman.
#petrochina #first #production #rmb100
Revenue increased 5.3% to RMB1.527 trillion, while basic earnings per share reached RMB0.57. PetroChina said it was the first time its attributable profit had exceeded RMB100 billion in a half-year period.
The company's oil, gas and new energies business remained its biggest earnings contributor, generating RMB100.45 billion in operating profit during the first half.
PetroChina reported oil and gas equivalent production of 921 million barrels, domestic crude production of 393 million barrels and marketable natural gas production of 2.66 trillion cubic feet.
The company said it made six new discoveries and advanced 19 new developments during the period. It also established two large gas reserve areas in the Sichuan and Junggar basins and a major deep conventional oil reserve area at Tarim Fuman.
#petrochina #first #production #rmb100
25 days ago
Shell is set to invest in the next phase of Arrow Energy's Surat Gas Project in Queensland, Australia, to secure ongoing gas supply for both domestic customers and its Queensland Curtis liquefied natural gas (QCLNG) export terminal.
Arrow Energy is an incorporated joint venture (JV) equally owned by Shell and PetroChina.
Shell confirmed that production from the new phase, known as Surat Gas Project Central, is expected to begin in 2028.
The development comprises 143 backfill wells, designed to deliver around 79 million standard cubic feet, or approximately 84 terajoules, of gas per day at peak output.
Gas will be supplied to the Australian domestic market as well as international liquefied natural gas (LNG) clients through the QCLNG facility, operated by Shell on Curtis Island near Gladstone.
#project #qclng #domestic
Arrow Energy is an incorporated joint venture (JV) equally owned by Shell and PetroChina.
Shell confirmed that production from the new phase, known as Surat Gas Project Central, is expected to begin in 2028.
The development comprises 143 backfill wells, designed to deliver around 79 million standard cubic feet, or approximately 84 terajoules, of gas per day at peak output.
Gas will be supplied to the Australian domestic market as well as international liquefied natural gas (LNG) clients through the QCLNG facility, operated by Shell on Curtis Island near Gladstone.
#project #qclng #domestic
1 month ago
Jade Gas has signed a non-binding agreement to secure an estimated A$1.1bn ($771m) in funding for phase one development at the Red Lake coal bed methane project in Mongolia.
The collaboration agreement has been signed with Beijing Energy Linking (PTBEL) and its consortium partners.
This step follows a period of operational and regulatory progress for Jade Gas, notably approval of the appraisal report for the Red Lake project in April.
Under the collaboration agreement, PTBEL has been named as lead contractor. It will appoint either or both PetroChina and Hunan Geology & Mining Technology as subcontractors.
The initial phase involves drilling 175 wells, representing approximately 20% of the total planned drilling across the 60km² Red Lake Development Area.
#ptbel #phase
The collaboration agreement has been signed with Beijing Energy Linking (PTBEL) and its consortium partners.
This step follows a period of operational and regulatory progress for Jade Gas, notably approval of the appraisal report for the Red Lake project in April.
Under the collaboration agreement, PTBEL has been named as lead contractor. It will appoint either or both PetroChina and Hunan Geology & Mining Technology as subcontractors.
The initial phase involves drilling 175 wells, representing approximately 20% of the total planned drilling across the 60km² Red Lake Development Area.
#ptbel #phase
