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Crude Oil
China Starts Building $20 billion Mega Petchem Complex in Shandong Oil Hub
China started this week building a mega petrochemical and refining complex in east China’s Shandong province, four months after the $20 billion project receive…
Oil & Gas Trade
Turkey's Gas Imports up 6.5% in August 2020
Total natural gas consumption in August grows 19.5% year-over-year.
Oil Field
BP Starts Gas Production from Qattameya Field, Offshore Egypt
BP has announced the start of gas production from its latest development offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.…
Oil Price
Oil Plunges To $35 As Lockdowns Return
Oil prices extended their 5-percent slump from Wednesday into Thursday morning, plunging by another 5 percent, with WTI Crude sliding to $35 a barrel.
Crude Oil
OPEC Members Rebel Over Production Cut Extension
Iraq, the United Arab Emirates, and Kuwait - the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of…
Oil&Gas Drilling
Equinor in Two Oil Discoveries Offshore Canada
Norwegian oil and gas company Equinor has made two oil discoveries offshore Newfoundland, Canada.
Oil&Gas Drilling
Neptune Energy Makes Small Oil Discovery off Norway
The discovery is estimated to hold between 0.5 and 3.2 million cubic metres (mcm) of recoverable oil equivalents, NPD said in a statement.
Oil&Gas Drilling
Total Boasts Second ‘Significant Discovery’ Offshore South Africa
French oil major Total has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin, 175 kilometres …
Oil & Gas Trade
Russia’s Crude Oil Exports Drop 8% In January-August
Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August.
Oil & Gas Trade
China Launches Construction Of Huge $20 Billion Refinery Complex
China has launched the construction of a refinery and petrochemical complex worth US$20 billion in the Shandong province, the home of the independent Chinese re…
Energy Technology
Trump Makes Final Push To Defend Fracking
To that, Trump said, “That’s a big statement.”
Oil Pipeline
The U.S. Looks To Delay The World’s Most Controversial Pipeline Once Again
Industry watchers are becoming numb to the ever-changing prospects of the project and are becoming less and less likely to put forward any estimates as to when …
Oil Field
LLOG Hatches Development Plan for New Gulf of Mexico Oil Discovery
LLOG Exploration Company has revealed a new discovery in the U.S. Gulf of Mexico and a development plan for the offshore field.
Oil Pipeline
China's Sinopec Completes Qingdao-Nanjing Gas Pipeline Construction
The 536.13-kilometre pipeline, which also connects to the existing Sichuan-East gas pipeline, is expected to help improve energy security in China's eastern dev…
Oil Field
South Africa Discovers Large Deep-Sea Oil and Gas Field for the First Time
South Africa’s Minister of Mineral Resources and Energy Mantashe visited the Luiperd drilling well in the waters near Moso Bay in the Western Cape Province of …
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