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Oil&Gas Drilling
China Finds Oil In Asia’s Deepest Onshore Well
China National Petroleum Corporation (CNPC) has found crude oil and natural gas in the deepest well drilled in Asia’s onshore, striking hydrocarbons in a pre-s…
Crude
Pipeline Closure Risks Taking Nearly all Libya's Oil Offline
Two major oilfields in southwest Libya began shutting down on Sunday after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national outpu…
Shale Gas
A Crude Restructuring: How America's Shale Revolution Changes the Oil Market in the Middle East
In the first week of January 2020, US special forces executed a strike killing the leader of Iran’s foreign paramilitary arm, Qasem Soleimani, and raised the a…
Crude
Guyana celebrates first oil
THE Yannis P, a Marshall Islands-registered crude oil tanker will this weekend lift the first one million barrels of crude from the Stabroek Block offshore Guya…
Crude
Guyanese Lab Tech was First to Test Guyana’s First Oil
The ExxonMobil company has announced that Guyanese laboratory technician, Shivnarine Outar was the first person to test the first sample of Guyanese crude oil a…
Oil & Gas Trade
India May Significantly Boost U.S. Oil Imports
India and the United States will discuss India’s energy security and the Asian country buying increased volumes of U.S. crude oil when U.S. President Donald Tr…
Crude
Saudi Aramco Mulls Offshore Oil Expansions
The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstre…
Oil & Gas Trade
India Exploring Ways to Source Crude Oil from Russia: Pradhan
India is exploring ways to source crude oil from Russia, Oil Minister Dharmendra Pradhan said. “We are working on the strategy to diversify our crude oil suppl…
Oil & Gas Trade
India, Russia Initiate Talks for Long-Term Oil Supply
India and Russia have begun negotiations on an agreement for long-term assured supplies of crude oil, especially from Russia’s Far East region, as New Delhi lo…
Crude
China’s Top Oil Firm Sees Demand Growth Cut in Half in 2020
The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be fel…
Crude
Crude Falls after Trump Says Iran ‘Appears to be Standing Down’
Crude oil prices continued to fall Wednesday after President Trump said Iran is standing down in the Middle East and the U.S. will impose new sanctions on the n…
Crude
Crude Oil Jumps as Markets Dip on Iran’s Missile Assault Against US
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian genera…
Crude
Tullow Oil Reveals Discovery of ‘Higher Quality’ Crude Offshore Guyana
Tullow Oil PLC (LON:TLW) has revealed a higher quality oil discovery offshore Guyana, in the Carapa-1 well within the Kanuku licence.
Crude
China Sinochem to Start $4.6 Billion Quanzhou Petrochemical Complex in Mid-2020
China Sinochem Group is expected to start up a new crude processing unit and a petrochemical complex in southeastern China around mid-2020, marking the state fi…
Crude Oil
Libya’s Largest Oil Refinery Faces Closure Amid Clashes
Libya’s national oil company said Saturday it may face closure because of clashes close to its refinery in the country’s western port. The NOC said in a state…
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