Oil

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…

LNG Carrier

Hyundai Heavy Industries Attains 94% of Order Intake Goal for 2021

Korea Shipbuilding & Offshore Engineering, an intermediate holding company in charge of the shipbuilding business of Hyundai Heavy Industries Group, attained 94…

LNG

World's Largest Dual-Fuel Container Ship Construction Project Concluded

So far, all 9 super large ships of the project have been completed and delivered on time, achieving a perfect ending.

Oil Pipeline

Video Shows Fire in Gulf of Mexico After Gas Pipeline Rupture

Mexico's state-owned oil company said Friday it suffered a rupture in an undersea gas pipeline in the Gulf of Mexico, sending flames boiling to the surface in t…

Oil Refinery

Iraq Closes on New Chinese Refinery Investment Deal

Iraq is nearing agreement on a new downstream investment deal with a group of Chinese state-owned companies for the construction of a new 100,000 b/d refinery, …

LNG

Global LNG Deliveries Rise in June

Worldwide LNG receipts increased compared with a year earlier for a fourth consecutive month in June but dropped from May and were at their lowest since October…

Hydrogen Project

Saudi Arabia Aims To Dominate The Global Hydrogen Market

While Saudi Arabia continues to develop its oil industry, it is not shying away from alternative energy options, with state-owned Aramco now heavily investing i…

Oil Pipeline

Environmentalists Slam Mexico After Underwater Oil Rig Fireball in Gulf

Mexico’s state-owned oil company said Friday that an undersea gas pipeline ruptured near a drilling platform in the Gulf.

Oil Price

Oil Prices in S. Korea Hit 33-Month High

Retail oil prices in South Korea rose for the ninth consecutive week to reach the highest level in nearly three years amid a global oil rally.

Oil Exploration

Erdogan: Turkey will Continue Oil Exploration in Disputed Eastern Mediterranean

Turkey's president may be upping the ante against Greece, Cyprus and the European Union.