PetroChina's Production Climbs 3.7 Percent, Outpacing Exxon Mobil, Shell

(Bloomberg) -- PetroChina Co.'s first-half
production increased 3.7 percent as the nation's largest oil and
gas producer intensified efforts to meet rising energy demand.

Crude oil and gas output rose to the equivalent of 3.05
million barrels of oil a day, the Beijing-based company said
today. Oil production gained 0.1 percent from a year earlier,
while gas jumped 16.5 percent.


Read more at Bloomberg Emerging Markets News

Massachusetts fund to sell stocks of Sudan-related firms

(Reuters) - Massachusetts' state pension fund, one of America's biggest and most successful, plans to sell some $80 million in holdings of companies that invest in Sudan, becoming the latest investor to protest violence there.

"Money managers who invest for us and own stocks like Schlumberger (Ltd.) and PetroChina (Co. Ltd.) will be selling those holdings," Michael Travaglini, executive director of the $50.3 billion Massachusetts' Pension Reserves Investment Management Board (PRIM) fund, told Reuters. "In total we expect it will be about $80 million," he said.


Read more at Reuters Africa

PetroChina May Raise $6 Billion in Shanghai Share Sale to Fund Expansion

(Bloomberg) -- PetroChina Co. is planning the
nation's biggest share sale this year to raise as much as $6
billion in Shanghai for overseas acquisitions, increased oil
drilling and refinery construction.

The stock rose 5 percent in Hong Kong on expectations the
revenue will help develop the nation's largest oil find in almost
50 years. Beijing-based PetroChina, which said today it plans to
offer a maximum of 4 billion shares, overtook Royal Dutch Shell
Plc as the world's second-largest oil company by market value.


Read more at Bloomberg Energy News