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The main demand driver for the tank storage industry is the development of the (seaborne) transport volume of oil and oil products. There is a risk of declining demand for road fuels due to climate policy, improved engine efficiency and the adoption of electric vehicles. According...
Oil supermajors have been under attack on many fronts in recent weeks, both in the boardroom and in the court system. ESG is the topic du jour, with significant pressure to bow to ESG investor demands. However, does doing so actually improve stock returns? After all, that's the ca...
PetroChina achieved its best first quarter earnings in seven years in 1Q 2021, which led to its stock price rising by +4.2% post-results announcement. However, PetroChina's strong 1Q 2021 financial performance was partially boosted by certain one-off factors, which might not be repeat...
Chevron (CVX) is not interested in buying Exxon Mobil's 32.7% stake in Iraq's West Qurna-1 oilfield, but Basra Oil Co., which oversees crude production in the region, says it still aims to finalize the sale of Exxon's stake by the end of June.State-owned Basra Oil may open talks with more com...
Iraq's oil ministry says it is in discussions with U.S. oil companies over a possible purchase of Exxon Mobil's (XOM) stake in the West Qurna 1 oil field.Exxon, which signed a 20-year service contract for the field in 2010, has made no comment.A sale of the West Qurna 1 stake would come as a ...
PetroChina (PTR): FY GAAP EPS of RMB0.10.Revenue of RMB1933.84B (-23.2% Y/Y)Shares -2.66%.Press Release For further details see: PetroChina reports FY results
We are all-in on PetroChina. A lagging value stock in a suddenly popular energy sector. A key technical break may unleash the fundamental value in PTR. For further details see: PetroChina: An Oil Laggard
PTR is the largest producer of oil and gas in the world. It is much less integrated than the well-known oil majors and hence it greatly benefits from the aggressive production cuts of OPEC and Russia. It also benefits from the strong recovery of China, which is the only large coun...
CNOOC (CEO) -2.1% pre-market as Chinese oil majors are seen at risk to be the next firms delisted in the U.S. after the New York Stock Exchange said it would remove China's three biggest telecom companies.The NYSE says China Mobile (CHL), China Telecom (CHA) and China Unicom Hong Kong (CHU) w...
Petrobras ([[PBR]] +0.9%) confirms the presence of high quality oil after drilling a new well at the Buzios field, Brazil's second-most productive oilfield, in the Santos Basin.The company says the results of the deepwater well 9-BUZ-48D-RJS confirm even greater potential for Buzios, which cu...
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BEIJING, CHINA / ACCESSWIRE / October 27, 2022 / PetroChina Company Limited ("PetroChina" or the "Company", HKSE: 00857; SSE: 601857) announced that in the first three quarters of 2022, despite complex and severe external environment, the Company overcame the challenges arising from lower cr...
BEIJING, CHINA / ACCESSWIRE / August 25, 2022 / PetroChina Company Limited ["PetroChina" or the "Company", (SEHK:0857)(NYSE:PTR)(SSE:601857)] announced that the Company delivered record first half operating performance in 1H2022, underpinned by solid progress in production and operation, sus...