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Oil Exploration
Greenlight for vår Energi to Put Floatel Unit to Work at North Sea Field
Norwegian offshore safety regulator has given Vår Energi consent to deploy one of Floatel’s semi-submersible support vessels at a field in the North…
Oil Refinery
Mitsubishi Power Supporting Efficient Utilization of Hydrogen in the Petroleum Refining Process
- Launch of Service for Optimization of Energy Balance Using TOMONI -- Support for optimization of hydrogen volume regulation and utilization of by-product hydr…
Oil & Gas Technology
Saudi Aramco Buys 10% Stake in China’s Rongsheng Petrochemical in $3.6BN Deal
Aramco will supply 480,000 bpd of Arabian crude oil to Rongsheng affiliate Zhejiang Petroleum and ChemicalSaudi Aramco said the deal with Shenzhen-listed petroc…
Oil Field
Production of Daqing Oilfield Tops 2.5B Tonnes
Daqing Oilfield, China's largest onshore oilfield, has produced over 2.5 billion tonnes of crude oil as of Sunday, said the oilfield, a subsidiary of the Ch…
Energy Technology
Sulzer Successfully Starts up World’s Largest Pygas-To-Styrene Extraction Unit
Sulzer Chemtech (GTC Technology) has completed the start-up of the world’s largest facility for styrene extraction from pyrolysis gasoline (pygas) derived…
Carbon Neutral
Sinopec Calls for More CCUS Projects in China
The company said this could significantly reduce emissions.China Petroleum and Chemical Corporation (Sinopec) President Ma Yongsheng urged the inclusion of carb…
Hydrogen Fuel Cell
China’s First Integrated Methanol-To-Hydrogen and Hydrogen Refueling Service Station Now in Operation
China Petroleum & Chemical Corporation (Sinopec) officially launched China’s first methanol-to-hydrogen and hydrogen refueling service station in Dalian, …
Oil&Gas Drilling
14% Increase in Offshore Drilling in North America Makes Usa’s Petroleum Liquid Feedstock Market Highly Important for the Economy
FMI anticipates that the global petroleum liquid feedstock market valuation could reach US$ 313 billion in 2023. As per the projection of the analysts, the mark…
Crude Oil
Biden Administration Plans to Sell 26 Million Barrels of Crude
The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought t…
Oil & Gas Supply
OPEC Expects Tighter Oil Market With Lower Supply and Higher Demand
(Bloomberg) – OPEC expects a slightly tighter global oil market than previously forecast as the group nudged up its demand estimate and trimmed its supply…
Oil & Gas Trade
Dana Gas Reports 53% Rise in 2022 Adjusted Net Profit on Higher Oil Prices
The Khor Mor gas complex, operated by Crescent and Dana Gas, in the Kurdistan Region of Iraq. Photo: Crescent PetroleumDana Gas, one of the largest private natu…
Oil Pipeline
Ajaokuta-Kaduna-Kano (AKK) gas pipeline in Nigeria
Developed by the Nigerian National Petroleum Corporation (NNPC), the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project entails the construction of a 614km-long na…
Natural Gas
Russia’s Natural Gas Production Fell by More Than 13% In 2022
Russia’s natural gas production fell by more than 13% in 2022, according to preliminary data published by the Russian state statistics service Rosstat. As…
Oil & Gas Trade
U.S. Lawmakers Ask Kerry to Urge Uae to Replace Oil Boss as COP28 President
United Arab Emirates' Industry Minister Sultan Ahmed Al Jaber speaks during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu …
Oil Exploration
All-Systems-Go for Equinor to Deploy Shelf Drilling Rig at North Sea Oil & Gas Field
Norwegian state-owned energy giant Equinor has received consent from the country’s offshore safety regulator to use one of Shelf Drilling’s jack-up …
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