Gas

Crude

U.S. Could start Buying Crude for Strategic Petroleum Reserve in two Weeks

The United States could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve as soon as two weeks from now, and fill it in several month…

Oil&Gas Drilling

CNOOC Makes Large Oil Discovery in Bohai Bay

Chinese oil and gas company CNOOC Limited has made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil field in La…

Oil & Gas Trade

China's Major Oilfields Maintain Pace Amid Oil Crash

Crude oil prices dropped below break-even operating expenses for Chinese oil companies, but major oil fields have maintained stable production. Faced with press…

Gas turbine engine

Siemens Receives Third Order from Belarus for SGT-800 Gas Turbines

For the third time in three months, Siemens has received an order from Belarus to supply SGT-800 industrial gas turbines.

Oil&Gas Drilling

Russia Makes Move On Antarctica’s 513 Billion Barrels Of Oil

Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Anta…

Greenhouse Gas Emissions

Cooling and Heating Help Deliver Largest CO2 Reduction

EUROPE: Greater efficiencies in cooling and heating in the buildings sector led to a 50% reduction in greenhouse gas emissions between 2005 and 2018, according …

Thermal Plant

Japan's MHPS Wins US Order for Hydrogen-Fired Thermal Power System

Mitsubishi Hitachi Power Systems has received an order for a next-generation thermal power generation facility, using a fuel mix of natural gas and hydrogen, fr…

Oil & Gas Trade

Venezuela Looks To Play Mediator Between OPEC And Russia

Venezuela is in discussions with OPEC and Russia about the current oil price collapse, Nicolas Maduro said on Thursday at a press conference shown on Twitter, a…

Invited for Construction of Transmission Line

Tenders are invited for Construction of Transmission Line, Gas Supply Network and Construction and Implementation and Installation of Second CGS in Malayer

Oil Price

Saudis to Sell Oil at $25 in Market Share Grab from Russia

Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, a…

Oil & Gas Trade

Worldwide Oil Price Drop to Curb Turkey's Gas Import Costs by 30%

​The drop in oil prices could lead to a 30% decrease in Turkey's long-term natural gas contracts with Russia, Iran and Azerbaijan, experts predict.

Oil & Gas Trade

The World’s Biggest Oil Trader Negotiates Venezuela Oil Purchase

The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude…

Crude

Saudis Sell Oil at $25 in Market Share Grab from Russia

​Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia,…

Oil & Gas Trade

Oil Crisis Deepens in Libya as Losses Exceed $3 billion

The oil crisis in Libya is deepening as a blockade of the country’s vital oil fields generated losses of more than $3 billion, the national oil corporation ann…

Oil & Gas Trade

COVID-19 Impact on Chinese LNG Imports Dwindles

China's liquefied natural gas (LNG) imports during March have reached the same levels as last year's figures. Recent data has revealed the coronavirus impact is…