Petro Matad shares drop 19% as PetroChina blocks deliveries
Shares in Mongolian oil company Petro Matad Limited (AIM:MATD, OTC:PRTDF, FRA:HA3) fell 19% to 0.98p after PetroChina instructed it to stop delivering crude. Following the edict, Petro Matad has shut its Heron-1 and Gazelle-1 wells.
PetroChina: Still A 'Buy' After H1 Outperformance
PetroChina remains a 'Buy' after a robust 1H26, with net income up 22% year-over-year and all divisions expanding operating profit. PCCYF's upstream and natural gas segments outperformed, benefiting from higher realized oil prices and cost optimization. Geopolitical tensions and resilient oil demand are expected to support further profit growth, with consensus forecasting a +16% bottom-line expansion for full-year FY26.
PetroChina H1 profit jumps 22%, fuel sales fall as China demand weakens
China's largest oil and gas company, PetroChina , , reported on Sunday a 22% jump in first-half net profit, as higher oil prices and stronger fuel sales boosted earnings.
PetroChina H1 net profit jumps 22%, boosted by fuel sales, oil price spike
China's largest oil and gas company, PetroChina , , reported on Sunday a 22% jump in first-half net profit, as higher oil prices and stronger fuel sales boosted earnings.
PetroChina announces first start-up of ethylene project in Xinjiang
China's oil major PetroChina said on Thursday its Dushanzi Petrochemical unit's 1.2 million metric tons per year ethylene project in Xinjiang had started up successfully on the first attempt.
PetroChina, Indian Oil fail to secure tankers to load Iraqi crude, sources say
PetroChina and Indian Oil Corp failed to secure very large crude carriers to lift Iraqi Basrah crude in late June, company and shipping sources said on Thursday, while another Chinese major Sinochem is on the hunt for a tanker.
Woodside exercises pre-emptive right to buy 10.67% stake in Browse JV from PetroChina
Woodside Energy said on Friday it had exercised its pre-emptive right to acquire a 10.67% stake in the Browse Joint Venture from PetroChina International Investment (Australia), blocking a deal previously agreed with Japan's INPEX.
Petro Matad expects PetroChina greenlight 'shortly'
Petro Matad Limited (AIM:MATD, OTC:PRTDF, FRA:HA3) told investors that the approval of its 2026 Oil Sales Agreement with PetroChina is expected shortly, potentially unlocking sales of around 35,000 barrels of Block XX crude accumulated so far this year. The AIM-quoted Mongolia-focused oil company said outstanding issues around the 2025 agreement had been resolved and payments made, while the wording of the 2026 contract had been aligned with Mongolian petroleum and tax legislation.
Deep under China's coal basins, PetroChina is unlocking gas from rocks
Thousands of metres below its vast coal basins, China is tapping an unconventional fuel source in a multi-billion-dollar effort to unleash new supplies of natural gas and further Beijing's goal for energy independence.
PetroChina: Positive On FY2025 Beat And Potential Catalysts
I initiate PetroChina with a 'Buy' rating after assessing its full-year performance and identifying relevant catalysts. PCCYF's FY2025 bottom line was 2% above the consensus forecast, thanks to good cost management and a more optimal refining product mix. Key re-rating catalysts include higher oil prices and a faster pace of operating profit expansion for the Natural Gas Sales segment.
PetroChina plugs Singapore plant's shortfall with crude from China storage, trackers say
PetroChina has supplied a rare cargo of close to 2 million barrels of crude oil from storage in China to its half-owned refinery in Singapore, as the firm moves to plug shortfalls triggered by the Iran war, according to tanker trackers and three trade sources.
PetroChina's 2025 net profit falls 4.5% on lower oil prices
PetroChina , , Asia's largest oil and gas producer, on Sunday said 2025 annual net profit dropped 4.5% from a record in 2024, as lower oil prices weighed on earnings.
