With its earnings outlook improving and massive pipeline assets expected to be restructured, analysts are forecasting a rally in PetroChina Co.’s Hong Kong shares, which are still trading at 2008 crisis levels.
Australia’s AGL Energy Ltd said on Friday it has agreed to sell its north Queensland gas assets to a consortium of buyers including privately held Shandong Order Gas Co and Orient Energy Ltd.
India wants to copy China in creating energy gorillas; there’s only one problem with the plan: Shareholders
Everything China has, India wants — except perhaps its communist rulers. Right now, the object of the southern neighbor’s envy is oil.