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China's Sinopec Sets Up Fuel Oil Unit in Sri Lanka
China Petroleum and Chemical Corp, known as Sinopec Corp, said on Monday it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along…
Oil&Gas Drilling
Chinese Oil Giants Fast-Track Investments to Boost Domestic Output
Will increasing capital spending by the Chinese companies be a winning bet and generate profitable returns, considering the soaring development costs in China’…
Oil&Gas Drilling
Hurricane Barry Makes Landfall as Southeast Natural Gas Production hits 2019 Low
Hurricane Barry hit the shores of Louisiana as a Category 1 hurricane late Saturday morning as total Southeast natural gas production fell to its lowest mark of…
Oil&Gas Drilling
EU Threatens Sanctions on Turkey over Cyprus Drilling
The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey’s “illegal” drilling for gas and oil off Cyprus and…
Crude
Huge Zimbabwe Oil, Gas Potential for Invictus, Findings Show
INVICTUS Energy Limited (IEL) says findings by a United Kingdom-based firm show a potential of 1,3 billion barrels of oil-equivalent, which consists of 200 mill…
The Permian Craze Is Fizzling … But Shale Oil Production Isn’t
The frenzied Permania that had oil and gas companies rushing to the O&G hotspot may be on the outs, but production in the industry’s number one basin has not, …
New Geothermal Heating Project Kicking Off in Norway
The site of a new National Police Emergency Response Center in Norway is also the drilling site for four 1500 meter-deep geothermal wells which will push the bo…
PDPU to Rope in Oil Companies to Harness Geothermal Energy
The state is now exploring geothermal renewable energy and it is ready to set up its first geothermal power plant of 10-20 kilowatt capacity.

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