Key Developments: PetroChina Co Ltd (0857.HK)
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63,200,255
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Latest Key Developments (Source: Significant Developments)
PetroChina Co Ltd to Issue FY 2013 First Tranche of Corporate Bonds
PetroChina Co Ltd announced that it will issue the first tranche of corporate bonds for fiscal year 2013, worth RMB 20 billion, each with par value and an issue price of RMB 100, from March 15, 2013 to March 19, 2013. RMB 15 billion worth of bonds are with a term of five years and a fixed coupon rate of ranging from 4.25% to 4.65%, while RMB 5 billion part are with a term of 10 years and a fixed coupon rate ranging from 4.70% to 5.10%. The interest will be paid on March 15. China National Petroleum Corporation will provide guarantee for the bonds. CITIC Securities Co., Ltd will serve as the main underwriter. Full Article
ConocoPhillips Announces Three Agreements with PetroChina Co Ltd
ConocoPhillips announced that it has entered into a set of agreements with PetroChina Co Ltd (PetroChina) whereby PetroChina will acquire an interest in two Western Australia exploration assets and establish a Joint Study Agreement (JSA) for unconventional resource development in Sichuan Basin in China. Under these agreements, which still require government and partner approvals, PetroChina will acquire a working interest in the Poseidon offshore discovery in the Browse Basin, and in the Goldwyer Shale in the onshore Canning Basin. In addition, ConocoPhillips will enter into a Joint Study Agreement to identify unconventional resource reserves in the Neijiang-Dazu Block in China's Sichuan Basin. Under the terms of the agreement with ConocoPhillips, PetroChina will acquire working interest in the two Australian projects; specifically 20% of Poseidon in the Browse Basin and 29% of Goldwyer in the Canning Basin. Under the JSA, ConocoPhillips and PetroChina will study the potential for unconventional resource development in the approximately 500,000 acre Neijiang-Dazu Shale Block in the Sichuan Basin. The joint study will be an important step in evaluating the potential for unconventional resource exploration in the area. If technically and commercially viable, the companies will advance development under a production sharing contract, which would be agreed upon during the study period Full Article
BHP Billiton plc Considers Sale Of UK Petroleum Operations; To Sell Minority Interest In Planned Browse Gas-export Project To PetroChina Co Ltd-DJ
Dow Jones reported that BHP Billiton plc is considering exiting its U.K. petroleum operations, including crude oil and natural gas fields and a processing plant, as part of ongoing efforts to tighten the focus of its portfolio of mining and energy assets. The Company has launched a strategic review of the business and is exploring options, include the possible sale of the assets. BHP operates Liverpool Bay, which consists of five producing offshore gas and oil fields in the Irish Sea and the Point of Ayr onshore processing plant in north Wales, and associated infrastructure. It owns a 46.1% stake in the operation, while ENI SpA owns the rest. Earlier this month, BHP agreed to sell a minority interest in the planned Browse gas-export project off Western Australia to PetroChina Co Ltd for USD1.63 billion in cash. Full Article
PetroChina Co Ltd Buys Into Australia LNG Project-Reuters
Reuters reported that PetroChina Co Ltd has agreed to pay $1.63 billion for a minority stake in a Australian liquefied natural gas (LNG) project, as it steps up efforts to source more of its energy in foreign countries. Full Article
PetroChina Co Ltd Issues FY 2012 First Tranche of Corporate Bonds
PetroChina Co Ltd announced that it has issued the first tranche of corporate bonds for fiscal year 2012, worth RMB 20 billion, each with par value of RMB 100. RMB 12 billion worth of bonds are with a term of five years and a coupon rate of 4.55%, RMB 4 million part are with a term of 10 years and a coupon rate of 4.90%, and the remaining part are with a term of 15 years and a coupon rate of 5.04%. CITIC Securities Co., Ltd served as the main underwriter. Full Article
PetroChina Co Ltd to Issue FY 2012 First Tranche of Corporate Bonds
PetroChina Co Ltd announced that it will issue the first tranche of corporate bonds for fiscal year 2012, worth RMB 20 billion, each with par value of RMB 100. RMB 12 billion worth of bonds are with a term of five years and a coupon rate ranging from 4.25% to 4.75%, RMB 4 million part will be with a term of 10 years and a coupon rate ranging from 4.60% to 5.10%, and the remaining part will be with a term of 15 years and a coupon rate ranging from 4.75% to 5.25%. CITIC Securities Co., Ltd will serve as the main underwriter. Full Article
PetroChina Co Ltd Announces FY 2012 H1 Dividend Payment Date
PetroChina Co Ltd announced that it will pay a cash dividend of RMB 0.13725 per share (after tax) to shareholders of record on September 17, 2012. The Company's shares will be traded ex-dividend on September 18, 2012 and the dividend will be paid on October 24, 2012. Full Article
PetroChina Co Ltd Declares Interim Dividend
PetroChina Co Ltd announced that the Board has resolved to declare and pay to all shareholders of the Company interim dividends of RMB0.15250 per share (inclusive of tax) for the six months ended June 30, 2012 on the basis of a total of 183,020,977,818 shares of the Company as at June 30, 2012. The total amount of the interim dividends payable is RMB27,912 million. The interim dividends of the Company will be paid to shareholders whose names appear on the register of members of the Company on September 12, 2012. Full Article
PetroChina Company Limited Announces FY 2011 Dividend Payment Date
PetroChina Company Limited announced that it will pay a cash dividend of RMB 0.14816 per share (after tax) to shareholders of record on June 6, 2012. The Company's shares will be traded ex-dividend on June 7, 2012 and the dividend will be paid on July 12, 2012. Full Article
PetroChina Dalian refinery blasts injure two-report
SHANGHAI, June 2 - Explosions at a PetroChina refinery in northeastern China has left two people injured and another two missing, the official Xinhua news agency said on Sunday.
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