Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

Citigroup sees U.S. oil output losing 500,000 bpd

NEW YORK (Bloomberg) -- A funding squeeze threatens to cut U.S. oil output by as much as half a million barrels a day by the end of the year, with shale producers among the worst affected, Citigroup Inc. said. Capital markets thus far have......【More】

2015-09-10

What investors need to know about Israel's natural gas market

TEL AVIV, Israel (Bloomberg) -- Israels parliament on Monday approved a framework to regulate its natural gas industry, eight days after the discovery of a field in Egyptian waters damped expectations for regional exports. While legislative......【More】

2015-09-09

Oil extends decline as Russia rules out deal with OPEC on output

LONDON(Bloomberg)--OildeclinedforaseconddayafteranotherRussianofficialruledoutcooperationonproductioncutswithOPEC,addingtosignsthataglobaloversupplywillpersist. Brentlostasmuchas4.3%inLondon.RussiawontjointheOrganizationofPetroleumExporting......【More】

2015-09-08

Oil industry slashes lobbying spending amid downturn

NEW YORK (Bloomberg Politics) -- As Americans preparing for Labor Day weekend trips enjoy low gas prices, they might not fail to appreciate another effect of the plummeting price of oil. It appears to be crimping the style of one of Washing......【More】

2015-09-07

Oil discovery in northern part of the North Sea

STAVANGER, Norway -- Statoil Petroleum AS, operator of production licence 104, has concluded the drilling of wildcat well 30/9-27 S. The well was drilled around 7 km west of the Oseberg Sr-field in the northern part of the North Sea, 150 km......【More】

2015-09-06

Oman considers importing LNG as domestic gas use surges

DUBAI (Bloomberg) -- Oman may start importing to meet surging domestic energy demand, according to two people with knowledge of the matter, a shift in trade that would make it the fourth Arab country in the oil-rich Persian Gulf to buy LNG.......【More】

2015-08-31

Albania launches bid round for onshore blocks

DUBROVNIK, Croatia -- The Ministry of Energy Industry of Albania, recently announced that the oil and gas exploration bidding round deadline is 15th October for onshore blocks Panaja, C and 5 (map is available here), and is already in negot......【More】

2015-08-24

Israeli gas finds up for grabs as government prepares sales

CALEV BEN-DAVID and SHOSHANNA SOLOMON TEL AVIV (Bloomberg) -- Israel moved one step closer to selling stakes worth billions of dollars in its offshore natural gas fields after the Cabinet approved development plans that may lead to exports......【More】

2015-08-21

U.S. shale operators may be the new swing producers

PARIS -- The emergence of shale technology, particularly in the U.S., is dramatically challenging the conventional rules of the global oil markets, according to Olivier Appert, president of the World Energy Council French Committee. Shale c......【More】

2015-08-20

New onshore oil and gas blocks to be offered

LONDON -- The Oil Gas Authority (OGA) announced today that 27 onshore blocks from the 14th Onshore Oil and Gas Licensing Round will be formally offered to companies. A second group of 132 further blocks has been subjected to detailed assess......【More】

2015-08-19