Oil

Africa Energy

Libya's Oil Company Says Largest Oil Field Shut Down Again

The country's largest oil field to halt work just hours after it restarted operations.

Oil & Gas Trade

Russia to Solidify Position as World's Largest Natural Gas Exporter Over Next 5 Years

Russia is projected to continue strengthening its position as the world’s leading exporters of natural gas over the next five years as its production growth wi…

China Energy

The First Large Oilfield of 100 Million Tons was Discovered in the Northern Area of Laizhou Bay, China

"The first large oilfield of 100 million tons was discovered in the northern area of the Laizhou Bay in China's Bohai Sea!" This Kenli 6-1 oilfield has proven o…

Crude Oil

Refineries Around Asia Join Chinese Peers in Ramping up Oil Output

Refineries from India to South Korea are expected to join their Chinese counterparts in ramping up production from June.

Oil Field

Massive Fire at Assam's Baghjan Oil Well

A massive fire engulfed the damaged Baghjan oil well on Tuesday which has been spewing gas uncontrollably for the last 14 days in Assam's Tinsukia district.

Gas Turbine

General Electric Gets New Order from Japanese Power Producer JFE

General Electric has secured a new order from Japanese power producer JFE Steel for upgrading a gas turbine at Chiba Power Plant.

Oil & Gas Trade

Oil Price Climbs to $42 as China's Imports Hit All-Time High

Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in …

LNG

Avenir LNG Carrier Nearing Completion

Singapore's Offshore Technology Development has recently completed the installation of a ballast water treatment system on Avenir LNG's small-scale vessel.

Africa Energy

Sharara Reopens in Libya

As the Government of National Accord makes gains in its military struggle with the Libyan National Army, the Sharara oilfield has restarted production.

Trice Resigns as Hurricane Energy Chief Executive

Robert Trice has resigned as chief executive of Hurricane Energy amid a boardroom reshuffle at the firm.

Venezuela's New Gasoline System Fails to End Epic Lines

Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend.

Oil Price

Oil Advances Above $43 after OPEC+ Extends Production Cuts

Oil advanced above $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month.

Oil Price

OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020

Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.

Crude Oil

Rig Count Plunges Below 300 in 13th-Straight Week of Losses

The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…

Energy Technology

Clean Tech Could Cut Fossil Fuel Profits by Two-Third: Carbon Tracker

A new international report on Thursday showed how falling demand and rising investment risk is likely to slash the value of oil, gas and coal reserves by nearly…