Oil

Oil & Gas Trade
World’s Largest Oil Trader Expects Strong Demand Rebound This Year
Global oil demand is set for a rebound between now and the end of next year, with consumption expected to rise from current levels by as much as 8 million barre…
Crude Oil
China Cuts Saudi, Russia Crude Imports in March
China imported less crude from top suppliers Saudi Arabia and Russia in March compared to a month earlier, while boosting arrivals from Brazil and the UAE, cust…
Oil Price
US Oil Surges Above $64 on Anniversary of Sub-Zero Plunge
Prices have since added more than $100 per barrel, following production cuts by Opec+ as well as resumption of mobility
Oil Field
Iraq Awards China’s Sinopec Contract to Tap Natural Gas Resources
China’s state-run Sinopec energy company won a deal to develop a major gas field in eastern Iraq.
LNG
Pavilion Energy Imports Carbon Neutral LNG Cargo
Pavilion Energy Singapore Pte. Ltd. has announced that it has imported a carbon neutral LNG cargo into Singapore, a first for the company and the country, Pavil…
Carbon Pricing
New Carbon Price Makes Energy Efficiency in the German Building Sector Even more Important
Heating oil will soon become more expensive for consumers in Germany due to the new Fuel Emissions Trading Act.
Oil&Gas Drilling
Aramco Resumes Work on Offshore Oil Capacity Expansion
State-controlled Saudi Aramco has resumed development work on three offshore crude expansion projects that will provide an additional 1.15mn b/d of capacity by …
LNG Carrier
Hyundai Heavy Receives Order for Three LNG Carriers
South Korean shipbuilder Hyundai Heavy Industries has taken an order for three LNG carriers, with delivery scheduled by July 2024.
Oil & Gas Supply
Guyana Estimates Future Oil Production At 1 Million Bpd
Guyana has estimated its future oil production at 1 million barrels per day by 2027, from seven floating production, storage, and offloading (FPSOs) vessels in …
Crude Oil
WoodMac: Oil Prices Could Drop To $10 In 2050
Brent Crude oil prices could fall to $10 per barrel by 2050 if the world accelerates the energy transition with decisive action to achieve the Paris Agreement c…
Electric Car
Sinopec Announced that It will Deploy 5,000 Smart Charging Stations
Sinopec, the largest domestic oil product sales company, announced in Beijing that it will build 5,000 smart charging stations by 2025
Video: China's Oilfield Put in Efforts to Reduce Carbon Emission, Increase Oil Production
Shengli Oilfield in China has rolled out significant measures to reduce emissions of carbon dioxide, which have simultaneously helped to increase oil production…
Saudi Arabia
Samsung Engineering Wins a Petrochemical Plant Project in Saudi Arabia
Samsung Engineering announced on April 14 that it has signed a US$650 million contract with a Saudi Arabian petrochemical company to build a profane dehydration…
Oil&Gas Drilling
Chinese Semi-Sub Becomes the World’s First Rig to get DNV’s Smart Notation
A semi-submersible drilling rig from China Merchant Heavy Industry, SHEN LAN TAN SUO, has become the world’s first offshore unit to receive DNV’s Smart notati…
Electric Car
China's Sinopec, Nio to Build more EV Battery Stations
China's state-controlled oil and petrochemical firm Sinopec and new energy vehicle manufacturer Nio has signed a strategic cooperation agreement to build power …

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Oil

World’s Largest Oil Trader Expects Strong Demand Rebound This Year

China Cuts Saudi, Russia Crude Imports in March

US Oil Surges Above $64 on Anniversary of Sub-Zero Plunge

Iraq Awards China’s Sinopec Contract to Tap Natural Gas Resources

Pavilion Energy Imports Carbon Neutral LNG Cargo

New Carbon Price Makes Energy Efficiency in the German Building Sector Even more Important

Aramco Resumes Work on Offshore Oil Capacity Expansion

Hyundai Heavy Receives Order for Three LNG Carriers

Guyana Estimates Future Oil Production At 1 Million Bpd

WoodMac: Oil Prices Could Drop To $10 In 2050

Sinopec Announced that It will Deploy 5,000 Smart Charging Stations

Video: China's Oilfield Put in Efforts to Reduce Carbon Emission, Increase Oil Production

Samsung Engineering Wins a Petrochemical Plant Project in Saudi Arabia

Chinese Semi-Sub Becomes the World’s First Rig to get DNV’s Smart Notation

China's Sinopec, Nio to Build more EV Battery Stations