Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

Jersey Oil & Gas announces approval of Verbier appraisal

LONDON -- Jersey Oil Gas, an independent upstream oil and gas company focused on the UK Continental Shelf (UKCS) region of the North Sea, is pleased to announce that the co-venturers in respect of UKCS Licence P.2170 (Blocks 20/5b 21/1d) (P......【More】

2018-01-30

Oil advances as cheap dollar stokes demand for tightening supply

NEW YORK (Bloomberg) --Oil is on course for its third weekly gain this month as the cratering value of the U.S. currency elevated demand for dollar-denominated commodities when spare crude supplies already were shrinking. Futures climbed as......【More】

2018-01-29

Optimism reigns in oil market as focus turns to stockpile drop

HONG KONG (Bloomberg) --Oilsurged to the highest level in more than three years as investors cheered a record run of declines in American crude stockpiles, showing resolve in the face of surging U.S. shale output. Futuresadded as much as 1.......【More】

2018-01-26

China passes South Korea as No. 2 LNG importer

SINGAPORE and SHANGHAI (Bloomberg) --Chinas General Administration of Customs just confirmed what liquefied natural gas industry insiders have been speculating for weeks: Theres a new No. 2 in town. China imported 38.1 million tons of LNG i......【More】

2018-01-25

Waters near Florida still being considered for oil drilling

WASHINGTON (Bloomberg) --Despite Interior Secretary Ryan Zinkes Jan. 9 declaration that Florida is off the table for offshore oil drilling, that activity is actually still on the table. The acting director of the Bureau of Ocean Energy Mana......【More】

2018-01-22

Oil extends slide on speculation hedge-fund buying went too far

LONDON (Bloomberg) --Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback. U.S. futures fell for a second day. Hedge funds increased their......【More】

2018-01-18

Oil slips from three-year high as market seen vulnerable to pullback

LONDON (Bloomberg) --Oil slipped from a three-year high amid speculation that a surge in hedge-fund buying had pushed prices up too quickly. U.S. crude futures lost 0.4% while in London Brent retreated from $70/bbl, a level it crossed last......【More】

2018-01-17

ExxonMobil encounters hydrocarbons onshore Papua New Guinea

IRVING, Texas -- ExxonMobil today announced that it encountered hydrocarbons after drilling the onshore Pnyang South-2 well, located in the Western Province of Papua New Guinea. We are currently evaluating the well results and together with......【More】

2018-01-16

Simmons Edeco recognized for international growth

CALGARY -- Simmons Edeco, a leading supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has received the Great International Growth Award......【More】

2018-01-12

U.S. crude output on track to rival giants Russia, Saudi Arabia

NEW YORK (Bloomberg) --The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the worlds largest oil producer. U.S. output will rise to 10 MMbpd as soon as next month and top 11 million in November 2019,......【More】

2018-01-10