PetroChina Company Limited will increase its investment in its oil and gas business from 60 to 70 percent in 2009, said company chairman Jiang Jiemin on Tuesday.
PetroChina’s losses during the global financial crisis are “limited and under control”, Jiang told reporters after a shareholders meeting. He said it’s because the company has focused the majority [...]

Vancouver, BC, October 2, 2008–(T-Net)–QuestAir Technologies Inc. (TSX: QAR; AIM: QAR) and Terasen Gas Inc. have signed a non-binding Memorandum of Understanding whereby the companies will work jointly on the development of potential projects to produce supplies of bio-methane from organic waste. This clean energy source would be injected into Terasen Gas’s existing pipeline [...]

Associated Press
EVANSVILLE, Ind. - An oil refining company that left the drilling business decades ago has started again started looking for oil again in southwestern Indiana and western Kentucky.
CountryMark CEO Charles Smith said the company has partnered with Pioneer Oil Co. to drill in the Illinois Basin, a 53,000-square-mile depression under most of southern Illinois, [...]