The Annual Shale Gas Technology & Equipment Event

The 24thChina International Petroleum & Petrochemical Technology and Equipment Exhibition



March 25-27,2024

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Industry News
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23 2022-03

Eni Makes Significant Oil And Gas Discovery In Algerian Desert

Eni and Sonatrach have made a significant oil and associated gas discovery in the Berkine North Basin in the Algerian desert.Italian energy major Eni and Algerian national state-owned oil co.........

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17 2021-12

Wison’s W.SEMI Floater Gets ABS Nod

ABS has awarded Wison Offshore & Marine (WOM) Approval in Principle (AIP) for its w.semi platform supporting floating wind turbines.Source: WOMDesigned for use in the South China Sea to supp.........

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14 2021-12

Fuling shale gas field reserves top 100b cubic meters

Chongqing Fuling shale gas field. [Photo/Xinhua]China Petroleum and Chemical Corp, also known as Sinopec, announced on Monday that newly proven reserves of its Fuling shale gas field now exc.........

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26 2021-11

OPEC says SPR releases may worsen coming global oil surplus

LONDON (Bloomberg) --OPEC expects that oil stockpiles released by consuming nations could massively swell the surplus in global markets.The projections from OPEC’s advisory body -- the Econo.........

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10 2021-11

U.S. projects oversupplied global oil markets by early 2022

(Bloomberg) --The U.S. government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the.........

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09 2021-11

Oil prices would be twice as high without OPEC, says UAE's oil minister

LONDON (Bloomberg) --The United Arab Emirates said oil prices would be even higher today if it wasn’t for OPEC+, signaling the group will continue resisting U.S. pressure to pump faster.“For.........

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08 2021-11

Vitol sees Saudis and OPEC remaining cautious on oil output

(Bloomberg) --Saudi Arabia’s larger-than-expected rise in oil prices is a signal it will continue resisting U.S. pressure to pump faster, according to Vitol Group.Saudi Aramco hiked December.........

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01 2021-11

Iraq projects OPEC will rise to the global oil demand challenge

(Bloomberg) - A daily increase of 400,000 barrels in oil output would be enough to meet demand, according to Iraqi Minister Ihsan Abdul Jabbar.The minister commented days before representati.........

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28 2021-10

Equinor increases gas exports, sacrificing some oil output

OSLO (Bloomberg) --Equinor ASA is boosting natural gas exports to ease Europe’s supply crunch, sacrificing some oil production in the process.The Norwegian giant has halted the re-injection .........

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26 2021-08

BP, PetroChina form JV to manage Iraq’s Rumaila oil field

LONDON (Bloomberg) - BP and PetroChina formed a joint venture to manage the giant Rumaila field in Iraq, an operating structure the British oil major has adopted in other parts of the world .........

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24 2021-08

Oil prices jump on stock market rebound, FDA vaccine approval

(Bloomberg) --Oil in New York surged by the most since April amid a broader market rebound after the longest stretch of declines in nearly two years. The U.S. crude benchmark climbed nearly .........

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11 2021-08

Oil companies’ renewables push squeezing profitability from green projects

(Bloomberg) --The worlds largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and solar farms just as climate planning focuses more on green.........

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09 2021-08

Natural gas prices surge as energy transition-driven demand outstrips supply

MOSCOW (Bloomberg) --The era of cheap natural gas is over, giving way to an age of far more costly energy that will create ripple effects across the global economy. Natural gas, used to gene.........

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04 2021-08

Iran’s oil output growth looks less likely following tanker attack

(Bloomberg) --Irans oil comeback, already taking longer than many traders expected, will be further complicated by last weeks deadly drone attack on a tanker in the Gulf of Oman, which the U.........

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03 2021-08

Oil prices fall on declining Chinese factory output

(Bloomberg) --Oil slid by the most in a week as the fast-spreading delta variant poses a threat to demand and as data out of China signaled a slowdown. Futures in New York declined as much a.........

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