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Industry Tendency

06-15

2018

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Dragon Boat Festival in China...

The Dragon Boat Festival is a traditional holiday that commemorates the life and death of the famous Chinese scholar Qu Yuan (Chu Yuan). The festival occurs on the fifth day of the fifth month on the Chinese lunisolar calendar.

01-22

2018

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Victoria proposes frac ban law for CSG, tight oil, gas...

The Victorian government has introduced legislation into parliament to permanently ban hydraulic fracturing for coal seam gas and tight oil and gas resources throughout the state.

01-22

2018

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OPEC deal to an agreement to reduce oil production or not?...

With OPEC members heading toward a possible showdown this week at their meeting in Vienna, crude prices rallied Monday as traders bet that major oil producers can still reach an agreement to cut production.

01-22

2018

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After two years, why an OPEC deal now?...

OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings?

01-22

2018

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Norway Oil and Gas Investment Gloom Seen...

Norway's oil and gas sector faces another two years of falling investment as the industry's downturn lasts longer than expected, a lobby group forecast on Monday.

01-22

2018

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Asia and Russia begin to cut down their oil production...

More and more oil companies begin to cutting down their oil production when the agreement of OPEC go into effect. Russian oil production has fallen by 180,000 barrels a day in the last two weeks,

01-22

2018

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Brent crude oil rallies pending inventory...

Light, sweet oil prices for March settled above $54/bbl on the New York market Feb. 21 and the Brent contract for April settled above $56.60/bbl on the London market.

01-19

2018

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86% Oil Output Cuts Did by OPEC & Non-OPEC Oil Producers...

OPEC and non-OPEC participants in an historic oil output deal have conducted around 86% of agreed production cuts, Kuwait's official news agency said Friday, suggesting producers outside the cartel are lagging begging their OPEC peers.

01-19

2018

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IEA forecasts possible oil undersupply, price spike after 2020...

Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon,

01-19

2018

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Exxon Buys Stake in Offshore Mozambican Natural Gas Field for $2.8 Billion...

Exxon Mobil Corp. said that it would buy a 25% indirect interest in an offshore natural gas field near Mozambique from Eni SpA for about $2.8 billion.

01-19

2018

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The world largest petroleum exhibition CIPPE...

The 17th China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE) was held in Beijing China International Exhibition center from March 20th to 22th.

01-19

2018

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The 17th China CIPPE Exhibition...

The 17th China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE) was held from 20th March to the 22nd March 2017 in Beijing New China International Exhibition Center.

01-19

2018

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US oil producers had higher CAPEX in fourth-quarter 2016...

Forty-four US onshore-focused oil production companies increased capital expenditures by $4.9 billion, or 72%, in fourth-quarter 2016 vs. fourth-quarter 2015,

01-19

2018

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Oil Production Cut 64% Fulfilled by Non-OPEC States...

Oil-producing countries outside of the Organization of the Petroleum Exporting Countries (OPEC) have fulfilled the agreement on reducing oil production by 64 percent in March, Kuwaiti Oil Minister Issam Abdulmohsen Almarzooq told reporters.

01-19

2018

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Production from major US onshore oil regions to rise 124,000 b/d in May...

The seven major onshore producing regions in the US are expected to collectively increase oil output by 124,000 b/d month-over-month in May to average 5.193 million b/d,