Royal Dutch Shell plc updates on strategy to improve performance and grow

Tuesday, March 16th, 2010

On Tuesday, 16 March 2010 Royal Dutch Shell plc gave an update on the Royal Dutch Shell plc strategy. You can register for the webcasts. Shell today said it was ...


Kuwait’s Crude Oil Exports to Japan Down 24.9 pct

Friday, February 26th, 2010

The Japanese government said Friday that Kuwait's crude oil exports to Japan fell 24.9 % in January from a year earlier to 7.74 million barrels, or 250,000 barrels per day ...


Korea, China seek renewable energy cooperation

Friday, January 22nd, 2010

A Korean business body said Tuesday that it has signed a deal with a Chinese business lobby group to enhance bilateral cooperation in the renewable energy sector, according to Yonhap ...


FG Opens Negotiation with IOCs

Tuesday, January 19th, 2010

Lukman: Why we put deregulation on hold It emerged yesterday that top executives of some International Oil Companies (IOCs) have commenced discussion with the Federal Government over the renewal of their ...


Brazil, China, India, Iran and Saudia Arabia are likely to see the highest growth in refining

Monday, January 18th, 2010

Brazil, China, India, Iran and Saudia Arabia are likely to see the highest growth in refining leading up to 2013, by which time they will make up 44% of the ...


China’s Oil demand Increases

Tuesday, November 24th, 2009

China's Oil demand in October 2009 recorded 33.886 million tons, representing a 10% increase compared to 30.75 million tons recorded during the same period last year, according to Platts official ...


BP and CNPC to Develop Iraq’s Super-Giant Rumaila Field

Friday, November 6th, 2009

BP, and China National Petroleum Corporation (CNPC), announced today that they have signed a technical service contract with Iraq's state-owned South Oil Company (SOC) to expand production from the Rumaila ...


Statoil teams up with China National Offshore Oil Corporation (CNOCC)

Thursday, November 5th, 2009

Statoil has agreed to sell part of its interests in the US Gulf of Mexico to the China National Offshore Oil Corporation (CNOCC), the company announced today. Statoil spokesman Ola Morten ...


Nigeria and China dominate investments in Ghana

Thursday, September 24th, 2009

Ghana continues to position itself as the investment destination of choice in the sub-region attracting new investments valued at US$111.67 million in the second quarter of 2009 alone), a significant ...


US crude for November delivery is $71.63 a barrel on the New York Mercantile Exchange ,London Brent crude $70.22 a barrel.

Wednesday, September 23rd, 2009

Nigeria's crude oil production averaged 2.09 million barrels per day in the second quarter, up from 2.01 million bpd during the same period last year, the National Bureau of Statistics ...


ExxonMobil Chemical to Host Tire Symposium 2009 in Chengdu, China

Monday, September 14th, 2009

ExxonMobil Chemical will host Tire Symposium 2009, in Chengdu, China, October 18-20, for companies, organizations and media interested in learning about new tire innerliner technologies and opportunities for the Chinese ...


Oil News from around the web, crude for October delivery stood at $72.05 a barrel;London Brent crude rose $0.28 to $70.14 a barrel

Friday, September 11th, 2009

Up to 900 million barrels of UK oil reserves could end up abandoned unless ageing fields are exempted from carbon trading, according to Talisman Energy's CEO. Speaking at the Offshore Europe ...


Oil News from around the web, World oil demand is expected to grow by 900,000 barrels to 84.6million barrels per day (mbd) in 2010; China is now the world’s second largest oil importer

Thursday, September 10th, 2009

US light sweet crude rose $0.85 to $72.16 in Asian trading -------------------- World oil demand is expected to grow by 900,000 barrels to 84.6million barrels per day (mbd) in 2010, and return ...


Oil News from around the web, Crude oil for October delivery was at $71.16 a barrel; Taqa announce two new oil finds ;CNPC is in talks to buy 75% of Spanish oil giant Repsol

Wednesday, September 9th, 2009

Crude oil for October delivery was at $71.16 a barrel, up $0.06 in electronic trading on the New York Mercantile Exchange at 2.55pm in Singapore. Yesterday, the contract rose $3.08, ...


Sinopec International Takes Up Addax Petroleum Corporation Shares and Extends Tender Offer for Remaining Shares

Tuesday, August 18th, 2009

Sinopec International Petroleum Exploration and Production Corporation ("Sinopec International") is pleased to announce that 153,734,120 common shares of Addax Petroleum Corporation ("Addax Petroleum"), which represent approximately 92.67% of the Addax ...


Oil News from around the web, US crude settled down 15 cents, or 0.21%, at $70.47 a barrel, trading from $69.80 to $72.77. London Brent crude ended unchanged at $70.24 a barrel, trading from $69.55 to $72.40.

Wednesday, June 17th, 2009

China will start to build oil and gas pipelines through Burma in September to shorten the journey time for crude imports from the Middle East and Africa. The section of the ...


Oil News from around the web, Crude oil for July 2009 delivery rose as much as $0.82, or 1.2%, to $72.15 a barrel ,Brent crude for July 2009 delivery increased as much as $0.72, or 1%, to $71.52 on London’s ICE Futures

Thursday, June 11th, 2009

The US Energy Department said that the stockpiles of oil fell 4.38 million barrels to 361.6 million in the week ended 5 June 2009. Analysts surveyed said that supplies would ...


ExxonMobil Breaks Ground on Technology Center in China

Friday, May 8th, 2009

Groundbreaking ceremony held to mark the start of construction of ExxonMobil Chemical’s Technology Center in Shanghai The center represents an important part of ExxonMobil’s continued business growth in China and will ...


Oil News from around the web, London Brent crude rose $0.45 to $56.60 ; Kenya and China vowed to strengthen bilateral cooperation

Thursday, May 7th, 2009

)))))))))The U.S. dollar, which rebounded from a one-month low against the euro, also dragged down the crude prices. Light, sweet crude for June delivery was down 63 cents to 53.84dollars a ...


Oil News from around the web, Oil steadied at less than $54/bl ; Subsea 7 Inc at Offshore Technology Conference (OTC) in Houston

Wednesday, May 6th, 2009

)))))))))Oil steadied at less than $54 on Wednesday after renewed worries about the financial sector neutralised bullish weekly oil inventories data showing unexpected falls in crude and gasoline stocks. US light ...


Oil News from around the web, $50 per barrel is too low for continued investment;Nigeria-Europe gas pipeline sparks fresh interest

Monday, April 27th, 2009

))))) The Organisation of Petroleum Exporting Countries (OPEC) has warned that the current crude oil price, which hovers around $50 per barrel is too low for continued investment. The 12 member ...


ExxonMobil Makes Technology Investment in China

Tuesday, March 17th, 2009

BEIJING--(BUSINESS WIRE)--ExxonMobil Chemical Company announced today that it has made the final decision to build a technology center in Shanghai, China to provide product applications support for its growing business ...


Schlumberger Expands Deep Reading Portfolio

Monday, March 16th, 2009

DeepLook-EM and Crosswell Seismic Technology Deliver Unique Reservoir Imaging and Monitoring Capabilities BAHRAIN, March 16, 2009 - Schlumberger today announced the expansion of its Deep Reading portfolio with the release of ...


GE Energy Opens New Sales, Services and Technology Center in Moscow

Monday, March 9th, 2009

Facility to Support Power Generation, Industrial and Petrochemical Customer Needs in Russia and the CIS Region Building on a commitment to provide enhanced levels of service and support to customers in ...


Oil News, w/e 02/05,IFC clarifies approval of loan to Tullow and Kosmos, Chevron to delay key projects in Nigeria

Thursday, March 5th, 2009

TOR Oil Don’t forget TOR when oil production starts - Nigeria High Commissioner advices Tema, March 3, GNA - Senator Musilu Obanikoro, Nigeria High Commissioner to Ghana has advised the government of ...


GE Signs $128 Million Service Agreements for Two Chinese Power Projects

Thursday, March 5th, 2009

Including the Largest Gas Turbine Combined-Cycle Plant in Zhejiang Province GE Energy Also Awarded First Contractual Service Agreement for a 9E Gas Turbine in China  To assist China in meeting its goals ...


Black & Veatch LNG Technology Helps Deliver Needed Natural Gas Supplies to Rural China

Monday, February 2nd, 2009

LNG Facilities in Remote Regions Achieve Full Design Capacity in Three Weeks Overland Park, Kan. (January 26, 2009) -- Black & Veatch, a leading global engineering, consulting and construction company, announced ...


Overview of Global Petroleum

Wednesday, January 14th, 2009

OPEC Oil Export Revenues  Based on projections from the EIA January 2009 Short Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $387 billion ...


China’s Bohai Bay Peng Lai 19-3 Offshore Oil Field

Tuesday, January 13th, 2009

Fluor Aids Successful Startup of China's Bohai Bay Peng Lai 19-3 Offshore Oil Field Global E&C Firm Provides Engineering, Procurement and Construction Support IRVING, Texas--(BUSINESS WIRE)--Jan. 13, 2009--Fluor Corporation (NYSE: FLR) announced ...


GE Oil & Gas Sets Installation Record in China

Wednesday, November 26th, 2008

Construction of West-to-East Pipeline Running Well Ahead of Schedule FLORENCE, ITALY - November 24, 2008 :- GE Oil & Gas recently completed work ahead of schedule for two of the final ...


ONGC inaugurates maiden 51 MW wind project in Gujarat

Monday, September 8th, 2008

Project powered by 34 Suzlon S82 turbines Pune: Suzlon Energy Limited - the world’s fifth largest wind turbine maker with 10.5% of global market share, and the leading wind power company ...


Power Plant Expansion Project at Largest Iron and Steel Complex in China

Wednesday, July 23rd, 2008

GE’s Fuel-Flexible Gas Turbine Technology Selected for Power Plant Expansion Project at Largest Iron and Steel Complex in China Project Offers Major Environmental, Cost Benefits to Steel, Iron Producers SHANGHAI, China--(BUSINESS WIRE)--GE ...


China’s Environmentally-friendly Project List Unveiled

Friday, July 11th, 2008

CNPC's Tarim Desert highway shelterbelt project was named an official National Environmentally-Friendly Project at the Second National Environmentally-friendly Project Awards Assembly and the Thirteenth Green China Forum held recently in ...


Central Asia Gas Pipeline’s Kazakh section construction works started

Thursday, July 10th, 2008

On July 9, construction of the Kazakh section of the Central Asia-China Gas Pipeline was launched at a ceremony in Almaty, Kazakhstan. Zhang Guobao, Vice Chairman of National Development and Reform ...


COSL Announces Recommended Voluntary Cash Tender Offer to Acquire 100% of the Shares of AWO at NOK 85 per Share

Monday, July 7th, 2008

BEIJING, China, and Oslo, Norway, 7 July 2008 – China Oilfield Services Limited (“COSL”, stock code on Hong Kong Stock Exchange 2883 and stock code on Shanghai Stock Exchange 601808) ...