Oil

Natural Gas

Turkey’s TPAO Conducts First Flow Test on Sakarya Gas Field

Turkey’s oil and gas company TPAO has successfully completed the first flow test of the Türkali-2 appraisal well in the Sakarya gas field located in the Black…

Oil Price

Saudi Arabia's Oil Exports Climb 147 per cent to $16 billion in May

The value of Saudi Arabia's oil exports in May increased 147 per cent to just over 60 billion riyals from a year earlier while non-oil exports rose by 70 per ce…

Carbon Emissions

Chinese Provinces to Pilot Carbon Emission Assessments

The Chinese ecology and environment ministry is spearheading a pilot programme across seven provinces aimed at assessing the carbon emission impact of projects …

Natural Gas

East Timor's Bayu-Undan Infill Well Produces First Gas

The $235mn project was sanctioned in January.

Energy Security

Over 90% of Sinopec Henan Gas Stations have Resumed Operations!

Since July 17, China's Henan Province has experienced the first extreme heavy rainfall in its history.

Energy Transition

Chevron Sets up Energy Transition Unit, Names Company Insider As Head

Chevron Corp on Thursday announced the creation of a new unit to manage the second largest U.S. oil producer's low-carbon investments, with an initial focus on …

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.