News
February 25, 2019
Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 MMt to 319 MMt, according to Shell’s latest annual LNG Outlook.
News
February 19, 2019
An oil discovery in a remote corner of northwestern China could trigger a surge in shale drilling, benefiting service companies and providing a needed output boost for the world’s biggest importer.
News
February 19, 2019
SKK Migas has confirmed a gas discovery at the Repsol-operated Sakakemang PSC, onshore Central Sumatra, Indonesia, according to Wood Mackenzie's research director Andrew Harwood.
News
February 18, 2019
McDermott International, Inc. has announced two sizeable contracts, one from Sarawak Shell Berhad (SSB) and one from Sapura Exploration and Production (SEP), to provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located off the shore of Sarawak, Malaysia.
News
February 13, 2019
Oil climbed for a second day after Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he might extend a deadline for additional tariffs on China.
News
February 12, 2019
U.S. sanctions that have effectively blocked American imports of Venezuelan oil are leading to a crude-price surge thousands of miles away in China.
News
January 29, 2019
Crude skidded to its worst loss in a month as disappointing corporate profit forecasts stoked concern about the economy, bruising a market already anxious about booming American oil supplies.
News
January 24, 2019
A possible move by Donald Trump to hurt Venezuela’s oil industry could prove a shot in the arm for the Xi Jinping and Narendra Modi administrations.
News
January 23, 2019
Crude prices fell to the lowest level in almost a week as China warned of “serious challenges” to the global economy and the U.S. government shutdown cast a pall over growth.
News
January 22, 2019
Oil slumped by the most in almost a month as economic warning signs flashed from Chinese trade talks to the U.S. housing market.
News
January 18, 2019
Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy.
News
January 17, 2019
Oil’s after-market rebound waned Thursday after the U.S. Treasury Department disputed a report that the Trump administration might ease trade tariffs against China.
News
January 16, 2019
CNOOC has announced that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production.
News
January 15, 2019
Oil climbed as investors anticipated another decline in U.S. crude inventories and China promised to slash taxes to avert an economic slowdown.
News
January 14, 2019
The need to fill new and old gas infrastructure will see the drilling of exciting offshore prospects across Australia, Brunei, Malaysia, Myanmar, Pakistan and Papua New Guinea.
News
January 14, 2019
Russia’s Novatek PJSC is looking at storing liquefied natural gas produced in the Arctic on Japan’s southern island of Kyushu so it can better meet spot demand from China and cut shipping costs.
News
January 11, 2019
Petrofac, as technical service provider, and its partner Serikandi Oilfield and Services Sdn Bhd, have secured a multi-annual Engineering Design Services contract to support Brunei Shell Petroleum (BSP) and Brunei LNG (BLNG) in Brunei.
News
January 08, 2019
China’s crude oil purchases from the Middle East and West Africa dropped to a four-month low in December, following a buying binge the previous month that saw the Asian country’s stockpiles swell.
News
January 03, 2019
Oil retreated from a two-week high amid increasing concerns over economic growth in China, the world’s second-biggest consumer of crude.
News
January 02, 2019
Oil started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel and to growing risks of a global crude surplus.
News
January 01, 2019
Exmar has announced that its Floating LNG Liquefaction Unit (FLNG), to be renamed Tango FLNG, has left China to the destination of its liquefaction operations: Bahia Blanca, Argentina.
