Oil

South Korea

South Korea: Hyundai Oilbank Sells Storage Terminal Business

Hyundai Oilbank will sell off a majority stake in its oil storage terminal in Ulsan, on the country's southeast coast, to help fund its green energy projects.

Oil Pipeline

OMV: Nord Stream 2 Could Start Shipping Gas This Year

The Russia-led Nord Stream 2 natural gas pipeline could begin shipping gas as soon as this year, one of the western investors in the project

Crude Oil

Oil Edges Higher on Tighter U.S. Supplies, Brent Tops $75 a Barrel

Oil prices rose on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020, with Brent crude o…

China

Sinopec's million-ton Ethylene Project is About to Put into Production

At present, Sinopec has a comprehensive crude oil processing capacity of 9.2 million tons/year in Hainan.

Hydrogen Project

Is Hydrogen the New Oil?

Hydrogen may have lost the race to fuel electric cars but looks a likely contender to replace fossil fuels in trucks, ships, planes and heavy industry.

Crude Oil

Exxon Makes Another Major Oil Discovery Offshore Guyana

ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday.

Oil & Gas Trade

Value Of Saudi Oil Exports Jumps 147% In May

Higher oil prices and higher exports resulted in a 147-percent jump in the value of Saudi Arabia’s oil exports in May 2021 compared to May 2020。

Crude Oil

Russia Was World’s Second-Largest Oil Producer In H1 2021

Russia was the world’s second-largest producer in the first five months of this year after the United States, data from Rosstat, the state statistics bureau, h…

Net Zero Emission

Japan’s Unveils 'Ambitious' Plan to Cut Fossil Fuel in Energy Mix to 41%

WoodMac warns that this will have significant ramifications for coal, LNG, and oil demand.

Oil Pipeline

Video: How The $25 Billion Nigeria Morocco Gas Pipeline Will Change The Energy Sector In Africa

How The $25 Billion Nigeria Morocco Gas Pipeline Will Change The Energy Sector In Africa

Oil Field

South Sudan Readies for 2020 Oil Licensing Launch

The Minister will also announce a tender for an environmental audit for the country’s producing oilfields at the SSOP conference.

Natural Gas

China's Sinopec Aims to Grow Gas Output 60% by 2025

The company aims to produce 13 bcm of shale gas from the Sichuan basin by 2025, which would make up nearly 30% of its total gas output, Zhu said.

Crude Oil

Libya Looks To Boost Oil Production To 1.6 Million Bpd In 2022

Libya could boost its oil production to 1.6 million barrels per day by the middle of 2022 if the industry has the necessary funding

Oil Price

India May Join China In Bid To Lower Oil Prices

The world’s third-largest crude oil importer, India, could join China in tapping into its strategic petroleum reserve in a bid to sell lower-priced crude to it…

Crude Oil

Venezuela Plans To Revive Its Oil Industry Despite U.S. Sanctions

Venezuela is ignoring U.S. sanctions with its plan to boost production to 1.5 million bpd by the end of the year, around three times the current output.