Oil

Energy Technology

IGas and BayoTech to Develop Hydrogen Generation Systems

UK oil and gas firm IGas Energy has partnered with US on-site hydrogen generation specialist BayoTech to develop modular hydrogen generation systems for the UK …

Oil & Gas Trade

Brazil Soars to China's No. 3 Crude Oil Supplier in Sept

Brazil jumped to China's third-biggest crude oil supplier in September,as China's independent refiners scooped up cheap supplies of the South American exporter'…

LNG

LNG Tanker Rates Soar Ahead of Expected Cold Asian Winter

Shipping rates for LNG tankers have soared to their highest in a year ahead as demand for cargoes rose on expectations of a colder than expected winter in North…

Oil Field

EGYPT: BP Starts Gas Production from Qattameya field

BP has announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.…

Oil & Gas Trade

South Korea Increasing LNG Imports from the United States

The United States’ LNG exports hit an all-time high with a year-on-year increase of 40.1 percent. South Korea, the largest importer, increased its imports by 2…

Crude Oil

Putin Leaves Door Open for Opec+ Cuts Extension

Russian president Vladimir Putin says that Opec+ could maintain or even deepen its existing crude production cuts next year, the first time Russia has acknowled…

Oil Price

Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank

In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…

Coal-Fired Power Plants

Oil-Rich UAE Turning to Coal-Fired Power

"The use of coal in power generation is squeezed by low-carbon generation, including hydro, wind, solar and nuclear power, which have been less affected by the …

Oil Shale

Argentina to Subsidize Shale Gas Production With $5.1 Billion

Argentina will give subsidies of a total of US$5.1 billion to shale gas drillers in an attempt to revive production in its Vaca Muerta shale play and attract as…

Crude Oil

Biden's Warning on Oil Tests Voter Resolve on Climate Change

The plan implied that he would wean the U.S. off oil and gas, but Biden wasn't so explicit about the industry's fate - until Thursday night.

Oil & Gas Trade

US Crude Stocks Dip, Gasoline Inventories up: EIA

US crude stocks and distillate inventories fell while gasoline inventories rose, the Energy Information Administration said on Wednesday.

Carbon Neutral

China CNOOC Says to Raise Gas' Share to Half of Output by 2035

China's national offshore oil and gas producer CNOOC Ltd said on Thursday it aims to raise the share of natural gas to make up half of its total output by 2035 …

CNPC

CNPC Open Day In Madeisland：Myanmar-China Oil and Gas Pupeline Project

On August 25, the first stop of the "Open Day" of CNPC's overseas projects-the China-Myanmar oil and gas pipeline project "Cloud Open" was officially launched.

Oil Price

Oil Prices Rebound On Small Crude Draw

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 1 million barrels for the week to October 16.

LNG

The World’s Largest Oil Trader Just Sent LNG Prices Soaring

Three trades for liquefied natural gas cargoes executed by commodity trading major Vitol made the company the talk of the LNG town as it pushed the Asian region…