Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

World's first double-fuel ro-ro made in China

Work on the worlds first roll-on/roll-off ship powered by two kinds of fuels began Wednesday, according to the Chinas largest shipping company. The ship, which can carry 3,800 cars, is the first ro-ro powered by liquefied natural gas (LNG)......【More】

2015-08-10

Oil price unlikely to recover as Saudi refining hits market

Oil prices are unlikely to recover soon as Saudi Arabias drive to boost its refining activities is expected to force refineries elsewhere to slow down their operations, thus creating an even bigger glut of unwanted crude oil. Two big new re......【More】

2015-08-07

Dated Brent assessed below $50/b for first time since January

Dated Brent has been assessed below the psychologically-important $50/barrel mark for the first time since January, Platts data showed Monday. Mondays assessment of $49.145/b, was the lowest since January 30, when it was assessed at $47.855......【More】

2015-08-06

Uganda Due to Sign Off on Oil Pumping

Uganda is due to sign oil production licenses with Frances Total and Britains Tullow Oil by the end of the year as it seeks to start commercial production. The Ministry of Energy is over seeing the building of an oil refinery and a pipeline......【More】

2015-08-05

Shell's Polar Pioneer starts Arctic drilling operations

THE HAGUE -- Shells Polar Pioneer rig has started drilling operations in the Chukchi Sea, offshore Alaska. Last Thursday, at approximately 17:00 local time, Shell began drilling operations at its Burger J prospect in the Chukchi Sea. The te......【More】

2015-08-04

PetroChina Suspends Natural Gas Contract with Russia

The China National Petroleum Corporation, PetroChina, has reportedly decided to back-out of its contract with Russian gas giant Gazprom in the construction of a natural-gas pipeline. The pipeline, the contract for which was signed in Decemb......【More】

2015-08-03

Scotland woos Chinese investors to energy sector

A Scottish delegation on an official trip to Beijing said they wanted to draw Chinese investors into the North Sea oil and natural gas sector. Scottish First Minister Nicola Sturgeon led a delegation to Beijing, meeting with senior represen......【More】

2015-07-31

Saudi Arabia’s Sabic Considering Shale Gas Investments in U.S.

Saudi Basic Industries Corp., the worlds second-biggest chemicals manufacturer, plans to expand investment in U.S. shale gas projects through joint ventures, according to acting Chief Executive Officer Yousef al Benyan. Sabic, as the compan......【More】

2015-07-30

CNPC to build 11 billion cu m capacity in Anyue gas field

Testing of the 16th exploitation well at the Longwangmiao formation in the Moxi block of the Anyue gas field in southwestern Chinas Sichuan Basin has been completed. The Moxi 009-2-H2 well, which daily produces 2.02 million cubic meters of......【More】

2015-07-29

Sinopec to step up cooperation with Karamay

A delegation from the Sinopec Group, Chinas largest oil and gas company, visited Karamay in the Xinjiang Uygur autonomous region on July 19. Led by Wang Yupu, president of Sinopec, the delegation inspected its subsidiaries in Karamay, the V......【More】

2015-07-28