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Saudi Arabia invites China’s Xi to form energy partnerships

(Bloomberg) Two months after snubbing U.S. President Joe Bidens pleas for oil, Saudi Arabia is rolling out the red carpet for his Chinese counterpart, Xi Jinping. Xi will visit Saudi Arabia from Dec. 7-9, when he will take part in a regiona......【More】

2022-12-23

HydraWell’s industry-first technology paves the way towards rigless operations

(WO) Well-integrity specialist company HydraWell has unveiled its new technology, HydraCT, an advanced perforation, wash and cement (PWC) system specifically designed for coil tubing applications with the potential to cut CO2 emissions by 8......【More】

2022-12-23

CGG agrees to reprocess the Utsira ocean bottom node survey with Carbon Transition

(WO) CGG today announces an agreement with Carbon Transition (under its subsidiary Axxis Multi Client) to reprocess the Utsira ocean bottom node (OBN) seismic survey in the Norwegian North Sea. The reprocessing project has significant indus......【More】

2022-12-22

Permian Resources announces changes to senior leadership

(WO) Permian Resources Corporation announced the pending retirements of two executive officers of the Company, along with their respective succession plans on Dec. 14. Permian Resources Board of Directors expects to appoint Steve Gray as no......【More】

2022-12-21

Sinopec Receives Airworthiness Certificate for China's First Large-Scale Production of Bio-jet Fuel

Fuel Derived From Used Cooking Oil Underlines Sinopecs Long-term Strategy for Sustainable Development BEIJING, Sept. 23, 2022 Sinopec Zhenhai Refinery of China Petroleum Chemical Corporation (HKG: 0386, Sinopec) obtained a bio-jet fuel airw......【More】

2022-10-11

U.S. oil-output growth to exceed government forecast, Bloomberg analysis says

(Bloomberg) The U.S. is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF analysis. The latest BNEF report estimates daily US oil output to increase by more than 900,000 barrels next year......【More】

2022-09-29

Biden calls on oil companies to reduce their prices

(Bloomberg) While U.S. gasoline prices have come down from the highs seen this summer, theyre clearly still weighing on President Joe Biden, who on Monday repeated demands for oil companies to charge less. Last month, the price of oil world......【More】

2022-09-28

Angola tops Nigeria as Africa’s biggest oil producer in August

(Bloomberg) Nigeria lost its crown as Africas largest crude producer as Angola surpassed the country for the first time in more than five years. Angolas average daily output in August of 1.17 million barrels was more than Nigerias at 1.13 m......【More】

2022-09-09

Texas oil and gas regulator adopts weatherization rules ahead of winter

(Bloomberg) Texass top oil and natural gas regulator adopted a new set of weatherization rules more than a year and a half after a deadly winter storm hit the state and left millions without power for days and left more than 200 people dead......【More】

2022-09-02

Sinopec Acquires Trillion Cubic Meters of Shale Gas Resources in Southwestern Sichuan, China

Xinchang, China, July 1, 2022 China Petroleum Chemical Corporations (HKG: 0386, Sinopec) has reported that it has achieved a daily production capacity of 530,000 cubic meters of shale gas on June 30 in its Xinye Well-1 in Qijiang, Chongqing......【More】

2022-08-30