Oil

Oil Refinery

First Overhaul After the Modernization of the Shymkent Refinery is Completed

Shymkent Refinery is the Pearl of China-Kazakhstan Energy Cooperation Project

LNG

CNOOC and Petronas Signed a 10-year LNG Supply Agreement

The transaction is valued at approximately US$7 billion.

LNG Carrier

The Suez Canal Blockage: Impact on the LNG Shipping Marke

The first half of 2021 witnessed an impressive volatility of the LNG shipping market.

Nuclear Reactor

BWRX-300 Deployment and Commercialisation MoU Signed

Cameco Corporation, GE Hitachi Nuclear Energy and Global Nuclear Fuel-Americas have announced a Memorandum of Understanding to explore potential collaboration t…

OPEC

Opec+ Might not Meet Until August: Saudi Oil Minister

Saudi Arabia's oil minister Abdulaziz bin Salman has conceded the Opec+ coalition's next meeting could take place no sooner than August, as an ongoing clash wit…

Oil Field

POSCO International to Develop Gas Field in Indonesia

POSCO International will push for the development of a large-scale oil and gas field in Indonesia following Myanmar.

Oil Pipeline

Oil Pipeline Explosion Kills 3 In Iran

Iranian media report that an explosion that started at a pump house in the country’s southwest tore through oil and gas pipelines, killing three people and inj…

United States

US Oil Prices Soar To 6-Year High In OPEC Standoff

The U.S. benchmark oil price WTI Crude hit its highest level since November 2014 early on Tuesday, after OPEC+ on Monday called off its third attempt to reach a…

Crude Oil

Oil and Dollars: Why the UAE is Risking a Falling-out with OPEC+

The UAE agreed with the other 22 OPEC+ members that monthly output cuts should be eased by 400,000 barrels a day from August, but said the extension should be t…

CCS

Sinopec Launches China's First Megaton CCUS Project

China Petroleum & Chemical Corporation announced on July 5 that it will start the construction of China's first megaton carbon capture, utilization and storage …

Mexico

Mexican Oil Giant Says No Environmental Damage from Raging Gulf Fire

Just days after video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico's national oil company has declared th…

Oil Price

Oil Prices Jump to Multiyear Highs After OPEC+ Talks Yield No Production Deal

Oil jumped to its highest level in nearly three years on Monday after talks between OPEC and its oil-producing allies were postponed indefinitely, with the grou…

Oil Field

Mud Volcano Explosion Near Major Caspian Sea Gas Fields

An explosion near an offshore field in the Caspian Sea has had media guessing as to what happened, after several shots and videos were released online.

Crude Oil

OPEC+ Fails To Hike Oil Production, Delays Decision Again

OPEC+ much-awaited resumption of talks today has now been delayed, indicating that Saudi Arabia and the UAE have not been able to broker any agreement after the…

Crude Oil

Opec+ Resumes Output Talks Amid UAE Standoff

Opec+ ministers are due to resume talks at 15:00 Vienna time today to try to defuse what is fast becoming the group's most serious crisis since it embarked on i…