PetroChina Co., the country’s biggest oil and gas producer, will seek to increase cooperation with companies including Exxon Mobil Corp., BP Plc and Royal Dutch Shell Plc as it looks to add overseas resources.
China National Petroleum Corp., China’s largest oil producer, is in talks to acquire Barra Energia Petroleo e Gas, a Brazilian oil startup, for about $2 billion, people with knowledge of the matter said.
China National Petroleum Corp., the country’s biggest oil company, is seeking its first stake in the U.S. as Chinese explorers with $40 billion of cash try to join an energy renaissance unlocking billions of barrels of crude.
Jiang Jiemin, the president of China National Petroleum Corp. said cleaning up the oil spill from its facilities in the northern port city of Dalian is “crucial”, according to a company statement posted on its website today.
China National Petroleum Corp., the country’s largest oil producer, will spend $4.2 billion for a stake in Eni SpA’s African natural-gas assets as China looks to feed energy demand while reducing its reliance on coal.
PetroChina Co. will lift overseas output to 60 percent of its total in the next eight years as the nation’s biggest energy producer copes with mounting import costs, price controls and refining losses at home.