Recent events
Recent events tied to this brand in public sources.
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2026
Shell-led consortium makes final investment decision to double LNG Canada production capacity
Shell said on Tuesday that a consortium it leads reached a final investment decision to double production capacity at the LNG Canada project in Kitimat, British Columbia, to roughly 28 million metric tons per annum (mtpa), up from 14 mtpa. Canada's government has previously estimated the project will attract 33 billion Canadian dollars ($23.2 billion) in private sector capital. Shell leads the project with a 40% stake alongside Petronas, PetroChina, Mitsubishi Corp and Korea Gas Corp, with commercial operations set to start in the early 2030s.
2021
BP spins off Iraq oilfield operations into a joint venture
BP is spinning off its Iraq assets by setting up a joint venture with PetroChina to manage the Rumaila oilfield together with Iraq's state-held Basra Oil Company. The new venture is to operate the field through 2034.
2021
Shandong Luxing Oil and Gas Sales fined for environmental violations
Shandong Luxing Oil and Gas Sales Co., a subsidiary controlled by PetroChina, was fined RMB 200,000 and ordered to rectify environmental violations. The penalty information was disclosed by regulators on December 30, 2020; the source says the subsidiary's environmental facilities at two service-area gas stations were put into operation before acceptance.
2021
Shandong Luxing Oil and Gas Sales fined for environmental violation
Shandong Luxing Oil and Gas Sales Co., a subsidiary of China Petroleum, was fined CNY 375,000 for starting construction without legally filing an environmental impact report for the project.
2020
China Petroleum completes two additional meltblown production lines
China Petroleum reported that two new meltblown fabric production lines at its Liaoyang Petrochemical capacity-expansion project had entered production, bringing the group's self-built and operating lines to six.
2020
PetroChina reports 2019 annual results
PetroChina disclosed its 2019 results, reporting revenue of about RMB 2.52 trillion, up 5.97%, and net profit attributable to shareholders of about RMB 45.682 billion, down 13.87%.
2020
China National Petroleum donates to Hubei’s COVID-19 response
China National Petroleum donated RMB 50 million to the Hubei Charity Federation to support the province’s response to the COVID-19 outbreak.
2019
Zhang Wei leaves all roles at China Petroleum
China Petroleum announced that Vice Chairman Zhang Wei had left and would hold no position at the company.
2019
Liu Hongbin resigns from PetroChina's board
PetroChina announced that Liu Hongbin resigned as a director because of a work-position adjustment; the resignation took effect immediately. He also left the board's Investment and Development Committee.
2019
China Petroleum executives resign
China Petroleum Natural Gas Co. announced that Zhang Wei resigned as vice chairman and director and Hou Qijun resigned as executive director and president; both resignations took effect immediately due to job adjustments.