Noc

Oil & Gas Trade

India Allows UAE's ADNOC to Export Oil from Strategic Reserve

Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage. India …

Oil&Gas Drilling

PNOC, CNOOC to Start South China Sea Joint Venture by 2021

The Philippine National Oil Company has agreed to start an energy exploration venture with the China National Offshore Oil Corp in the South China Sea by 2021.

Oil Price

ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts

Unlike European oil majors – who have rushed to pledge various commitments to become net-zero energy companies – U.S. companies, including Exxon and Chevron, …

Coal-Fired Power Plants

Indonesia: Civil Construction of 2×350MW Coal-Fired Power Station Started Smoothly

The civil construction of the Indonesian 2×350MW coal-fired power station overseas general contract project jointly undertaken by Northwest Thermal Power and S…

Market Analysis

ConocoPhillips Sees Global Oil Demand Returning, Executive Says

U.S. oil producer ConocoPhillips COP.N sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the en…

Crude Oil

Libya Eyes 260,000 b/d as Opec+ Keeps Watch: Update

Libya's state-owned NOC said it expects the country's oil production to reach 260,000 b/d next week as onshore fields that have been shut in for several months …

Solar Company

GCL-Poly Breaks Ground on New Polysilicon Facility

Polysilicon producer GCL-Poly has started construction on the first phase of a new 54,000 MT polysilicon production facility.

Crude Oil

COVID-19 Forces Libyan Oil Companies To Halt Operations

Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC stat…

United States

ConocoPhillips Pulls Request for Extension of Flaring Permits at 41 Texas Sites

U.S. oil and gas producer ConocoPhillips withdrew a request to extend flaring permits at 41 of its sites in West Texas.

Libya

Libya Suffers over $8 Billion Losses in Blockaded Oil Production

Libya has suffered over $8 billion in losses as a result of the oil blockade and the closure of oil wells by Khalifa Haftar’s forces in the past 200 days, the …

CNOOC

Chinese Offshore Oil and Gas Company Joins ADNOC’s Concessions

ADNOC has entered into an agreement for the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum …

Coal Trade

Mine Expansion Threatens German Villages Despite Coal Exit

Lost in the countryside of western Germany, the innocuously named L277 road has become a central battleground in a bitter fight over the country’s plan to ditc…

China Energy

China Sinochem's Quanzhou Petchem Project Start Delayed to Late-August

China Sinochem Group's Quanzhou 32.5 billion yuan ($4.64 billion) petrochemical expansion project is aiming to start trial operations in late August.

Oil & Gas Trade

Libya's NOC Blames UAE for Halt to Oil Output, Exports

Libya, with largest oil reserves in Africa, can produce 1.2 million barrels of crude oil per day.

Crude Oil

UAE's Adnoc Rolls Over Crude Nomination Cuts in August

Abu Dhabi's state-owned Adnoc will continue to apply 5pc cuts to client nominations for August-loading volumes of the company's four main grades.