Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

Back to overview Wison’s W.SEMI Floater Gets ABS Nod

ABS has awarded Wison Offshore Marine (WOM) Approval in Principle (AIP) for its w.semi platform supporting floating wind turbines. Source: WOM Designed for use in the South China Sea to support the emerging Chinese offshore wind industry, a......【More】

2021-12-17

ADNOC announces nearly $6 billion in contract awards for drilling equipment, services

The Abu Dhabi National Oil Company (ADNOC) announced record investments worth up to almost $6 billion to enable drilling growth as it boosts its crude oil production capacity to 5 million bbl/day by 2030 and drives gas self-sufficiency for......【More】

2021-12-15

OPEC says SPR releases may worsen coming global oil surplus

LONDON (Bloomberg) --OPEC expects that oil stockpiles released by consuming nations could massively swell the surplus in global markets. The projections from OPECs advisory body -- the Economic Commission Board -- come a week before the gro......【More】

2021-11-26

Oil prices rose 11% in October on diminishing global stockpiles

(Bloomberg) --Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles. Futures in New York rose 0.9% on Friday. Oils advance this month shows the impact of an ongoing shortage of natural gas, w......【More】

2021-11-02

Equinor increases gas exports, sacrificing some oil output

OSLO (Bloomberg) --Equinor ASA is boosting natural gas exports to ease Europes supply crunch, sacrificing some oil production in the process. The Norwegian giant has halted the re-injection of gas that had been used to boost oil output at t......【More】

2021-10-28

Oil prices rise on falling U.S. crude inventories

(Bloomberg) --Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and Chinas central bank added liquidity to quell concern about a major developers debt woes. West Texas In......【More】

2021-09-23

Oil set for fourth weekly gain with high energy prices in focus

(Bloomberg) --Oil headed for a fourth weekly gain supported by signs of a tighter market and a wider rally in energy prices. West Texas Intermediate, which dipped on Friday, has still climbed about 4% this week. Investors have been tracking......【More】

2021-09-18

BP, PetroChina form JV to manage Iraq’s Rumaila oil field

LONDON (Bloomberg) - BP and PetroChina formed a joint venture to manage the giant Rumaila field in Iraq, an operating structure the British oil major has adopted in other parts of the world as it focuses on the energy transition. BP is at t......【More】

2021-08-26

State oil companies begin their own moves toward carbon neutrality

MEXICO CITY (Bloomberg) --Pemex left investors with more questions than answers after it announced in late July that it would be disclosing its greenhouse gas emissions on a more regular basis then refused to discuss why theyd soared by dou......【More】

2021-08-25

Oil prices jump on stock market rebound, FDA vaccine approval

(Bloomberg) --Oil in New York surged by the most since April amid a broader market rebound after the longest stretch of declines in nearly two years. The U.S. crude benchmark climbed nearly 5% on Monday and the global benchmark Brent also a......【More】

2021-08-24