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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10 2019-12

Canacol Energy wins three new Colombian gas exploration blocks

CALGARY - Canacol Energy has successfully secured a 100% operated working interest in three new conventional gas exploration contracts in the recent bid round administered by Colombias hydro.........

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09 2019-12

Saudis offer carrot and stick to get OPEC to defend oil prices

VIENNA (Bloomberg) - Saudi Arabia, the dominant force in OPEC, is using both carrot and stick to talk other members of the oil cartel into defending prices at Thursdays ministerial meeting. .........

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06 2019-12

Oil holds gain as OPEC ministers gather for Vienna meeting

SINGAPORE (Bloomberg) - Oil held its biggest surge in more than two months as OPEC ministers gather in Vienna do discuss output cuts. Futures were little changed in New York after jumping 4..........

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04 2019-12

Oil extends gains as OPEC+ prepares to meet

NEW YORK (Bloomberg) - Oil rose for a second day as investors focused on the upcoming OPEC+ meeting that could lead to deeper supply cuts by some of the worlds biggest crude producers. Futur.........

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03 2019-12

Rising number of North Sea oil and gas firms engaged in energy transition

ABERDEEN - Almost 40% of North Sea operators and contractors are concerned about diversification and energy transition with around half (49%) working to reduce their carbon footprints or dev.........

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28 2019-11

Oil rises as optimism about U.S.-China trade-war truce abounds

NEW YORK (Bloomberg) - Oil advanced, shedding earlier losses, amid growing optimism about prospects for a settlement in the long-running U.S.-China trade war. Futures rose 0.4% in New York o.........

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15 2019-11

Oil rises on signs of U.S. supply drop, OPEC’s shale outlook

SINGAPORE (Bloomberg) - Oil rose for a second day after an industry report pointed to a drop in U.S. inventories, and as OPEC said it sees potential for a sharp slowdown in American shale ou.........

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12 2019-11

Aramco sees oil demand falling after 2040, per IPO prospectus

DUBAI (Bloomberg) - Global oil demand may peak within the next 20 years, according to an assessment included in the prospectus for Saudi Aramcos initial public offering, suggesting views are.........

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06 2019-11

Oil climbs to six-week high on signs of trade war resolution

NEW YORK (Bloomberg) - Oil rose to a six-week high on mounting signs that a resolution to the U.S.-China trade dispute is imminent. Futures advanced as much as 1.8% on Monday in New York. Ch.........

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29 2019-10

Oil declines on new signs of expanding U.S. crude stockpiles

NEW YORK (Bloomberg) - Oil fell for the first time in a week amid renewed signs of swelling crude inventories in the worlds biggest economy. Futures dropped as much as 1.3% in New York on Mo.........

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28 2019-10

Oil posts biggest weekly gain in five weeks on trade optimism

CALGARY (Bloomberg) - Oil posted the biggest weekly gain in more than a month as supplies tightened and the White House signaled progress on U.S.-China trade talks. Futures in New York rose .........

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25 2019-10

Oil drillers get $18 billion break thanks to law legislators now regret

WASHINGTON (Bloomberg) - The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico since 2000 because of a decades-old law that gave energy companies a bre.........

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24 2019-10

Oil rallies after surprise decline in U.S. crude stockpiles

NEW YORK (Bloomberg) - Oil spiked above $55/bbl for the first time in three weeks after a surprise drop in U.S. crude supplies signaled strengthening demand. Futures rose as much as 1.5% in .........

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17 2019-10

U.S. Gulf of Mexico crude oil production to continue to set records through 2020

WASHINGTON - U.S. crude oil production in the U.S. Federal Gulf of Mexico (GOM) averaged 1.8 MMbpd in 2018, setting a new annual record. The U.S. Energy Information Administration (EIA) expe.........

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15 2019-10

Oil short-selling more than doubles despite Mideast risks

CALGARY (Bloomberg) - Oil short-selling has more than doubled in three weeks, with attacks on oil facilities and tankers unable to push prices higher for very long. Hedge fund bets on a West.........

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