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Oil Field
Sinopec Gas Field Announces Big Production Numbers
As the world's first large gas field with buried depth of more than 7,000 meters and a high-sulfur content reef, the gas field is ultra-deep, high temperature, …
Oil & Gas Trade
China's Oil Consumption Seen Peaking Around 2026, Sinopec Exec Says
Natural gas will become China's top fossil fuel resource around 2050
Hydrogen Fuel Cell
Sinopec Starts Construction on New Hydrogen Fuel Center
The largest hydrogen supply center for hydrogen fuel cells in Guangdong started construction on Wednesday, according to its operator China Petroleum and Chemica…
Energy Investment
Algeria Aims for $2.6 billion Increase in Energy Investment Next Year
OPEC member Algeria plans to increase investment in its oil and gas sector by $2.6 billion next year to boost production by 8.9 million tonnes of oil equivalent
LNG
China's Sinopec Completes Its First LNG Bunkering Operation
The bunkering, or marine refuelling, operation transferred 250 tonnes of LNG by truck to a China Merchant Shipping vessel
Crude Oil
Opec Lifts Oil Demand Forecast for 2022
Opec has increased its global oil demand forecast for 2022 by almost 1mn b/d, taking it back above 100mn b/d, even though there was some disquiet about this at …
Oil Price
Oil Rises to Six-Week High as U.S. Supply Concerns Dominate
Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another…
OPEC
GECF Joins OPEC Ministerial Roundtable on Energy, Climate and Sustainable Development
Addressing more than 100 delegates, HE Yury Sentyurin, Secretary General of the GECF, said that the 18-member consortium is fully committed to develop actions t…
Crude Oil
Libya can Pump 2 million bpd of Oil by End 2022 Under $1.1bn Spending Plan: Finance Minister
Libya’s oil output could rise to 2 million barrels per day by the end of 2022 if the industry is given the $1.1 billion it has been allocated in the budget, ac…
Crude Oil
Nigeria Struggles to Meet OPEC’s Crude Oil Quota
Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by the Organisation of Petroleum …
Hydrogen Production
Sinopec Building Two of the World’s Largest Solar Hydrogen Plants in Northern China
Sinopec is accelerating its hydrogen production capacity by building some of the world’s biggest solar hydrogen plants in China.
Crude Oil
Russia’s Oil Production To Drop By Just 1% This Year
Russia’s oil production this year is expected to be 1 percent lower compared to 2020, in view of the OPEC+ agreement.
Crude Oil
Oil Rises After Opec+ Agrees to more Supply
Group's joint ministerial monitoring committee expects a surplus of 2.5 million bpd in 2022
OPEC
OPEC+ Ignores Biden, Keeps Output Plans Unchanged
The September meeting of OPEC+ today wasn’t expected to erupt in vehement disagreements.
Crude Oil
OPEC+ Likely to Keep Oil Output Policy from September Unchanged, Sources Say
OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase.
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