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Bahrain, China explore oil investments

Minister of Energy, Dr. Abdulhussain bin Ali Mirza, today received a high-level Chinese delegation of oil, gas and petrochemicals companies and organizations. Energy Minister commended the solid bilateral relations and cooperation, stressin......【More】

2015-01-16

China christens LNG vessel ‘MV Papua’

The liquefied natural gas carrier that was custom-built for the PNG LNG Project has been official christened as MV Papua at the Hudong-Zhongua shipbuilding yard in Shanghai, China. During the ceremony, Linda Babao, the wife of the Prime Min......【More】

2015-01-15

Top five factors affecting oil prices in 2015

China, OPEC and American shale are among the factors to watch As we ring in the New Year, lets take stock of where we are at with the oil markets. 2014 proved to be a momentous one for the oil markets, having seen prices cut in half in just......【More】

2015-01-14

Advanced drilling platform wins China's highest award

Chinas advanced semi-submersible drilling platform on Friday won the countrys highest award for progress in science and technology. The ultra-deep water semi-submersible drilling platform took six years to develop and involved over 100 inst......【More】

2015-01-13

CNOOC Announces ‘Mid-to-Large’ Offshore Natural Gas Find

China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced yesterday a new mid-to-large sized natural gas discovery. The find, Lingshui 25-1, is located in the northeast of Ledong Sag in the Qiongdongnan Basin of the South Chine......【More】

2015-01-12

Green Dragon confirms 30 well programme at Shizhuang South

Green Dragon Gas has confirmed it has awarded a contract to Greka Drilling for 30 new wells on the Shizhuang South production block (GSS) in China. The unconventional gas specialist, which is Grekas former parent, said the US$45mln contract......【More】

2015-01-09

CNPC to increase oil output in Peru this year

State-owned China National Petroleum Corporation (CNPC), operator of Petrobrass assets in Peru, is expected to grow oil production this year in the country as part of the new well drilling program in Block X. Petrobras has recently complete......【More】

2015-01-06

Statoil' s Valemon platform comes on stream

BERGEN -- Statoil has brought on stream its Valemon platform that will be the first to be remotely controlled from shore. Valemon is one of several new projects on the Norwegian continental shelf that will help add value, activity and innov......【More】

2015-01-05

Guizhou and CNPC may cooperate to exploit shale gas

A shale gas development and prospect seminar was held in Guiyang, Southwest Chinas Guizhou province, on December 27, during which Xu Bo, a researcher from the economic and technology research institute of China National Petroleum Corporatio......【More】

2015-01-04

Oil prices may recover in 2015

In late 1979, I began work on my PhD thesis, an empirical investigation of the Organization of Petroleum Exporting Countries surplus and its disposal. It was the end of a decade in which oil prices had undergone two dramatic increases, and......【More】

2014-12-31