The 12th Shanghai International Petrochemical
Technology and Equipment Exhibition
Opening Countdown:
Days
China National Offshore Oil Corporation (CNOOC) has announced that the Chinese flagship deepwater oil rig Haiyang Shiyou No. 981 is drilling in the Andaman Sea, south of Myanmar, 5,000 meters below sea level, the deepest of its missions so......【More】
2015-03-10Cutting energy intensity was listed as one of the major development goals in the annual government work report delivered by Premier Li Keqiang Thursday. Quite rare compared with previous government work reports, Thursdays report listed the......【More】
2015-03-09Chinas flagship deep-sea oil rig Haiyang Shiyou No.981 is drilling offshore Myanmar in the Andaman Sea, tackling the deepest exploration well it has undertaken so far, according to a report by the rigs owner, state energy group CNOOC. The $......【More】
2015-03-05Once upon a time, in a world in which oil was costly and energy sources seemed scarce, the International Energy Agency, a think-tank for countries which import fossil fuels, produced a special report heralding a golden age of gas. That was......【More】
2015-03-04Rates for very large crude carriers (VLCCs) on key Asian routes could recover next week if chartering activity rises with Chinas return from the Lunar New Year holidays. The tonnage list is quite balanced so if we see an increase in charter......【More】
2015-03-03In recent years, Chinas demand for natural gas has maintained double-digit high growth, but last years demand slowed to just 8.9% growth, marking the lowest growth in 10 years, chiefly due to the impact of low oil prices, triggering risks o......【More】
2015-03-02Angola plans to increase its oil production by 20 percent by next year after suffering a very difficult 2014 as costs soared, prices slumped and technical problems hit output, the state oil company Sonangol said. Oil output from Africas sec......【More】
2015-02-28Argentinas YPF SA and Chinas Sinopec recently signed an M.O.U. to develop oil-and-gas projects in Argentina. Local oil prices are decoupled from the international marketplace. A barrel of oil in Buenos Aires sells for $77 compared to about......【More】
2015-02-27China plans to increase its shale gas production from 1.3 billion cubic meters of shale gas per year to 30 billion cubic meters per year by 2020, according to Chen Weidong of China National Offshore Oil Corp. This goal is significantly less......【More】
2015-02-26Fujairah Oil Terminal, a joint-venture storage facility in the United Arab Emirates, received its first cargo of light distillates and will get an initial crude delivery this month, Commercial Director Malek Azizeh said. The start of operat......【More】
2015-02-25
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