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Equatorial Guinea backs Saudi Arabian calls for a stable oil market

At a time when global oil markets are experiencing significant volatility, member countries of OPEC+ have the means to address these challenges, and Equatorial Guinea will continue to support efforts to improve market stability. In a recent......【More】

2022-08-25

Biden announces wind turbine plan for oil-rich Gulf of Mexico

(Bloomberg) President Joe Biden announced plans to advance offshore wind power in the Gulf of Mexico and in Atlantic waters near the Southeast U.S., part of a bid to prove hes confronting the climate crisis despite a congressional logjam on......【More】

2022-07-21

High oil prices pose high risk to economic recovery, IEA says

(Bloomberg) Oil prices pose a high risk to the global economic recovery, with signs that fuel costs are starting to take their toll on demand growth, the International Energy Agency said. The Paris-based adviser trimmed forecasts for oil co......【More】

2022-07-14

Iran says it can double oil exports if market needs more barrels

(Bloomberg) Iran has capacity to double oil exports if theres sufficient demand, a top official said, even as a deal on the countrys nuclear program that could pave the way for the lifting of sanctions remain elusive. Iran will exert maximu......【More】

2022-05-16

Digital energy industry to boost power sector

An intelligent robot helps technicians inspect power supply facilities in Chuzhou, Anhui province, in June. SONG WEIXING/FOR CHINA DAILY Fast-growing field creating more effective, economical, cleaner system The digital energy industry, whi......【More】

2022-04-21

Odisha signs MoU with BPCL for setting up hydrogen plants

For representational purposesBy Express News Service BHUBANESWAR: The State government on Monday signed a memorandum of understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) for exploring the feasibilities of setting up green......【More】

2022-04-14

Dallas Federal Reserve: Oil and gas expansion accelerates as outlooks improve significantly

Activity in the oil and gas sector accelerated during first-quarter 2022, according to oil and gas executives responding to the Dallas Fed Energy Survey, which is punctuated with a number of record highs. The business activity indexthe surv......【More】

2022-03-25

Eni Makes Significant Oil And Gas Discovery In Algerian Desert

Eni and Sonatrach have made a significant oil and associated gas discovery in the Berkine North Basin in the Algerian desert. Italian energy major Eni and Algerian national state-owned oil company Sonatrach have made a significant oil and a......【More】

2022-03-23

EIA Anticipates OPEC Production to Increase in 2022

Source: Energycapitalpower The Energy Information Administration (EIA) anticipates that production from the Organisation of Petroleum Exporting Countries (OPEC) will increase to 2.7 million barrels per day (bpd) in 2022. Based on the OPEC+......【More】

2022-02-08

Kongsberg Maritime upgrades safety and automation systems on Aker BP’s FPSO

Norwegian maritime technology group Kongsberg Maritime has updated 19 Safety and Automation Systems (SAS) controllers on a floating, production, storage and offloading (FPSO) vessel operating off Norway for Aker BP. Kongsberg Maritime repor......【More】

2021-12-20