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Geothermal Drilling
Sinopec Starts Drilling of 5000-M Geothermal Well in China
Haikou Century Bridge in Haikou City, Hainan Province, China (source: Michelle Hubbard, Public domain, via Wikimedia Commons)The China Petrochemical Corporation…
Oil & Gas Trade
Sinopec Not Interested in Acquiring Shell's Singapore Assets
The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo Acquire Licens…
CCS
Baosteel Inks Ccus Research Agreement With Sinopec, Shell and Basf
An employee stands near a Baosteel logo during a government-organised media tour to Baoshan Iron & Steel Co., Ltd. (Baosteel), a subsidiary of China Baowu Steel…
Oil Price
Nigeria, Other OPEC Nations Earn $873.6bn From Oil Export in 2022
Nigeria and other countries in the Organization of Petroleum Exporting Countries(OPEC), earned $873.6 billion from oil export in 2022.The OPEC’s petroleum expo…
Oil Exploration
Russia, Gulf Top Diplomats Say OPEC+ Efforts Stabilize Global Oil Market
Austrian police officers stand in front of the OPEC headquarters in Vienna, Austria, June 3, 2023. REUTERS/Leonhard Foeger/File PhotoTop diplomats from Russia a…
Oil Price
Saudi Arabia, Russia Deepen Oil Cuts, Sending Prices Higher
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, Septemb…
Oil & Gas Trade
India's Oil Imports From Russia Climb to New Peak as Limit Nears
Source: Kpler(Bloomberg) -- India’s imports of Russian oil hit another record last month as the South Asian nation potentially nears the limit of its buyi…
Green Hydrogen
Sinopec's First Green Hydrogen Plant Starts Production
China’s Sinopec has begun producing green hydrogen at a plant in the western region of Xinjiang, the company said on Friday.Sinopec’s first green hy…
Oil Price
Iran Exports $19 BN of Crude Oil Jan-May
The latest data released by the Energy Information Administration of the United States (EIA) shows that Iran has exported $19 billion of crude oil in the first …
Oil Price
Saudi Arabia Goes It Alone at OPEC+ With Million-Barrel Cut
Sausi Arabia's Prince Abdulaziz bin SalmanSaudi Arabia will make an extra 1 million barrel-a-day oil supply cut in July, taking its production to the lowest…
Crude Oil
Saudi Arabia to Cut Oil Output by 1 Million Barrels per Day to Boost Slumping Prices
The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. (…
Oil Price
Oil Treads Water Ahead of OPEC Meeting, Nonfarm Payrolls
Investing.com-- Oil prices moved little in Asian trade on Friday amid caution ahead of key labor data offering more signals on the Federal Reserve’s rate …
Oil Price
Oil Slides 4PC on Worries About US Debt Ceiling, OPEC+ Talks
NEW YORK: Oil prices fell by about 4 percent on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages f…
Crude Oil
Saudi Oil Minister Warns Market Speculators to ‘Watch Out’ Ahead of OPEC+ Meeting
Saudi Oil Minister Prince Abdulaziz bin Salman on Tuesday told market speculators to watch out, reiterating his warning that they could face pain ahead.Speculat…
Oil & Gas Trade
Iraq, Russia Commit to OPEC+ Oil Production Cuts
A worker at Iraq’s Majnoon oilfield near the southern Iraqi city of Basra. Photo: ReutersBaghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan …
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