Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

Albania launches bid round for onshore blocks

DUBROVNIK, Croatia -- The Ministry of Energy Industry of Albania, recently announced that the oil and gas exploration bidding round deadline is 15th October for onshore blocks Panaja, C and 5 (map is available here), and is already in negot......【More】

2015-08-24

Israeli gas finds up for grabs as government prepares sales

CALEV BEN-DAVID and SHOSHANNA SOLOMON TEL AVIV (Bloomberg) -- Israel moved one step closer to selling stakes worth billions of dollars in its offshore natural gas fields after the Cabinet approved development plans that may lead to exports......【More】

2015-08-21

U.S. shale operators may be the new swing producers

PARIS -- The emergence of shale technology, particularly in the U.S., is dramatically challenging the conventional rules of the global oil markets, according to Olivier Appert, president of the World Energy Council French Committee. Shale c......【More】

2015-08-20

New onshore oil and gas blocks to be offered

LONDON -- The Oil Gas Authority (OGA) announced today that 27 onshore blocks from the 14th Onshore Oil and Gas Licensing Round will be formally offered to companies. A second group of 132 further blocks has been subjected to detailed assess......【More】

2015-08-19

Alberta limits oil-sands water use as province faces dry spell

JEREMY VAN LOON CALGARY (Bloomberg) -- Albertas energy regulator restricted applications by oil and natural gas operators to withdraw water from the Athabasca River amid dry conditions in the province. Restrictions for temporary diversion l......【More】

2015-08-18

Oil prices dip as dollar strength adds to glut fears

Crude prices slid on Thursday as early optimism gave way under the weight of a climbing U.S. dollar and a persistent global overhang of physical oil. The greenback rose on Thursday afternoon after the release of strong U.S. economic data, m......【More】

2015-08-17

Oil prices rise amid more China imports

It bought two cargoes of Basrah Light crude oil from Iraq over the last two months to half fill the Visakhapatnam underground cavern that can hold as much as 9.75 million barrels of oil, Indian Strategic Petroleum Reserves chief executive o......【More】

2015-08-14

Yanchang Petroleum Group to build 100 gas stations

Shaanxi Yanchang Petroleum Group Co Ltd plans to build 100 gas stations in Shaanxi province this year. The fourth largest oil company in China will expand its sales network in the province in order to increase revenue. Yanchang, which is ba......【More】

2015-08-13

China’s low pipeline gas price cuts into LNG demand

Independent buyers and state-owned majors in China are out of the spot LNG market for September and October, as they are adequately supplied by domestic pipeline gas and term volumes. The lower-priced pipeline gas have deterred any buying i......【More】

2015-08-12

World’s Fastest Charging Electric Bus Debuts in China

The worlds fastest charging electric bus is now operating in the eastern Chinese port city of Ningbo. According to local transportation authorities, the public bus which was manufactured in Ningbo and runs along a 24-stop, 11 kilometre rout......【More】

2015-08-11