PetroChina Mining News

$60 billion in oil sands projects frozen due to crude prices collapse — report

And oil prices keep falling — they have kicked off the week in the red, with U.S. prices trading below $48 a barrel.

How China got a firm grip on 90% of Ecuador's oil

Through a series of financing deals with state-owned oil company PetroEcuador, China has coaxed the Latin American country into submission.

First Nation group to appeal Dover oil sands project approval

Athabasca Oil's share price drops 14%.

PetroChina takes over Canadian oil sands project

Canadian oil producer Athabasca Oil Sands Corp. (TSX: ATH) has exercised its option to sell its remaining 40 per cent interest in the MacKay River oil sands project to Cretaceous, a unit of Chinese oil giant PetroChina for about C$680 million.