Iraq, Opec's second-largest producer, has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar project to boost output from its smaller southern oilfields, a senior Iraqi oil official said.
China's energy heavyweights Sinopec Corp and PetroChina have upgraded their outlook on the country's shale gas industry, citing steadily declining costs, but stopped short of predicting a near-term boom.
China, estimated t
PetroChina, the single biggest investor in Iraq's oil sector, is pulling some of its staff out of the Middle East nation, but production remains unaffected as militant Islamists threaten the unity of OPEC's second-largest producer.
PetroChina has bought a 25 percent stake in the West Qurna-1 oilfield project from Exxon Mobil, strengthening China's hold on Iraq's energy resources.
China is already the top foreign player in Iraq's oilfields, which
China and Indonesia are set to join Exxon Mobil's $50 billion project to develop Iraq's West Qurna-1 oilfield, company and industry sources said on Thursday.
Various scenarios for farming out Exxon's 60 percent stake i
China's biggest energy firm PetroChina will join Exxon Mobil in developing Iraq's giant West Qurna oilfield and is in talks with Russia's Lukoil to buy into a second project at the field, industry sources said.
Qatar delivered its first super tanker cargo of liquefied natural gas (LNG) to PetroChina on Saturday under a long-term agreement, state-run Qatargas said.
'Delivered onboard the Q-Max vessel, Bu Samra, this is the first Qatari LNG Q-M
Chinese oil major PetroChina is in talks with the government of Fujairah to build oil storage facilities at the Fujairah port, industry and port sources told Reuters.
Petrochina, the world's second-most valuable oil firm after Exxon Mo
PetroChina has diverted the Very Large Crude Carrier (VLCC) 'Front Kathrine' to Fujairah port in the United Arab Emirates after discharging just above half its crude cargo in China, according to shipbrokers and AIS tracking data.
State-owned CNPC, China's largest oil and gas firm, is progressing well with its oil exploration and development projects in Iraq and Iran, a company newspaper said.
The parent of PetroChina started drilling the first appraisal well, N