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Oilfield
Oil Field
China’s CNOOC Discovers 100 Mln-Ton Oilfield in South China Sea
The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes on Monda…
Oil Field
Oilfield With 100 Million Tons of Shale Oil Reserve Certified in E.china
The Shengli Oilfield, under China Petrochemical Corp (Sinopec Group), the country's largest oil refiner, said its Jiyang shale gas oilfield has officially p…
Oil Price
Oil Prices Slip as Kurdistan Export Resumption Looms
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024.Oil prices slipped in Asia on Monday, extending losses from last week, on t…
Oil&Gas Drilling
CNOOC Limited Brings On-Stream Luda 5-2 North Oilfield Phase II Development Project
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Luda 5-2 North Oilfield Phase II Development …
Oil Field
Pair of Large Quakes Rattle Texas Oil Patch, Putting Spotlight on Water Disposal
A long exposure image shows the movement of a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 23, 2019.Two large earthquakes th…
Oil Field
CNOOC Limited Announces Buzios7 Project Commences Production
CNOOC Limited announces that Buzios7 Project has commenced production safely.Buzios oilfield is located in the Santos Basin, southeast offshore of Brazil, with …
Coal Mine
Drilling on a New Swath of Ultra-Deep Oil Wells in Taklamakan Desert, Starts After Holiday
Photo taken on July 7, 2017, shows Keshen 605 well at the Tarim Oilfield in Aksu, northwest China's Xinjiang Uygur Autonomous Region.Drilling on a new swath…
Oil Field
New U.S. Metals Tariffs to Drive up Oilfield Equipment Costs, Championx Exec Says
Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019.ChampionX (CHX.O), expects new U.S. import tariffs on steel and aluminium to drive up e…
Crude Oil
China Aims for Stable Crude Oil Production Above 200M Tons in 2025
Workers perform their tasks at an oil platform in Daqing Oilfield in Daqing, northeast China's Heilongjiang Province, Nov. 25, 2024.China aims for stable cr…
Crude Oil
Chevron Accelerates Kazakh Oilfield Ramp-Up, Sources Say
Chevron logo is seen in this illustration taken, October 23, 2023.Chevron (CVX.N), is speeding up its expansion of Kazakhstan's Tengiz oilfield, two sources fam…
Oil Field
Production Begins in Mega Metamorphic Rock Oilfield in China’s Bohai Sea
The first phase of Bozhong 26-6 oilfield, by far the largest metamorphic rock oilfield in the world, commenced production on Friday.The development project of t…
Crude Oil
US Permian Oil Output Growth to Slow in 2025 Despite Trump’s Plan, Executives Say
A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Picture taken November 23, 2019.Growth in oil output from…
Oil Field
Equinor’s Massive Johan Sverdrup Oilfield Hit by Power Outage
A view of the Johan Sverdrup oilfield in the North Sea, January 7, 2020.Equinor's (EQNR.OL), Johan Sverdrup oilfield in the North Sea has suffered a power o…
Crude Oil
China Aims for Stable Crude Oil Production Above 200M Tons in 2025
Workers perform their tasks at an oil platform in Daqing Oilfield in Daqing, northeast China's Heilongjiang Province, Nov. 25, 2024.China aims for stable cr…
Oil Price
EIA Expects Oil Prices to Be Under Pressure From Oversupply in 2025, 2026
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023.Oil prices will be under press…
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