Oil

Coal Gasification

China’s Longest Coal-Bed Methane Pipeline Completes, Adding New Momentum to Natural Gas Supply

The Shanxi-Hebei section of the coal-bed methane pipeline starts from Lüliang in Shanxi and reaches Hengshui in Hebei, spanning a total length of 548.95 kilome…

United States

More Gulf of Mexico Work for Seadrill Rigs

While working to emerge from Chapter 11, offshore drilling contractor Seadrill has secured more work for its rigs in the U.S. Gulf of Mexico and added about $0.…

CNOOC

CNOOC Fires up Buzzard Expansion Project in North Sea

Chinese oil and gas giant CNOOC Limited has started production from the Buzzard Phase II development located offshore in the UK sector of the North Sea.

Oil & Gas Trade

Iran Signs Gas Swap Deal with Turkmenistan, Azerbaijan

Iran has signed a tripartite agreement with neighbours Azerbaijan and Turkmenistan to facilitate the movement of gas between the two countries.

Hydrogen Project

BP Announces Major Teesside Green Hydrogen Project

Oil major BP has announced its largest ever green hydrogen project, located in the northeast of England.

Crude Oil

U.S. Strategic Oil Reserves Could Fall By 50% Over The Next Decade

The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA

Crude Oil

Iran Plans To Boost Oil Production To 5 Million Bpd

Iran is determined to return to its pre-sanction oil production level of 5 million barrels per day, regardless of how the nuclear deal develops

Oil Price

Biden’s Blunder Could Send Oil Prices To $100

Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar

Crude Oil

Iran Seeks to Return Oil Output to Pre-Sanction Levels

Iran wants to pump more oil than it did before the Trump administration tightened sanctions, a top official said ahead of high-level nuclear talks whose outcome…

Natural Gas

Largest Natural Gas Storage Begins to Supply Gas to West-East Gas Pipeline

China's largest natural gas storage facility, the Hutubi gas storage under CNPC in Northwest China's Xinjiang Uygur Autonomous Region, began to supply gas to th…

Oil Field

BP Brings Field Offshore Angola on Stream

Oil major BP has started production at the Platina field in Block 18, which is located in the Angolan offshore, approximately 140 kilometres northeast of Luanda…

Wind Turbine

Contract Signing at WindEurope Confirms Energy Industry Commitment to Wind

A confidential owner of oil and gas platforms in the North Adriatic Concession area has contracted renewable energy consultancy Megajoule to install multiple wi…

Crude Oil

Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production

Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for …

Natural Gas

Equinor Shifts Oseberg Output Focus Towards Gas

Norwegian state-controlled Equinor has submitted plans to develop the Oseberg field to become a "substantial gas producer", having been primarily an oil field.

Crude Oil

Brent Price Slides Amid Covid Concerns Ahead of Key Opec+ Meeting Next Week

Futures in London slid towards $80 a barrel as crude was swept up in a wave of caution across global markets