PetroChina Posts Lower Annual Profit
PetroChina reported a decrease in annual profit due to a combination of factors, including reduced output of refined oil products and overseas gas, coupled with lower realized prices across crude oil, refined products, and polyethylene. This profit decline signals potential challenges for the company amidst fluctuating market conditions and production constraints.
Rigzone · March 30, 2026
Formentera and Inpex partner to develop Beetaloo gas resources
Formentera Partners and Inpex have formed a joint venture to accelerate the development of natural gas resources in Australia's Beetaloo Basin. This partnership signifies increased investment and focus on unlocking the potential of the Beetaloo Basin, a region considered crucial for Australia's future gas supply. The JV aims to leverage the expertise of both companies to efficiently extract and commercialize the gas reserves.
Offshore Technology · March 30, 2026