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China to Restrict Oil Product Exports in H1 2017

Mar 31, 2017

China is highly likely to restrict oil product exports in the first half of 2017 to flat or below H1 2016 levels amid growing focus on pollution control, curbing excess capacity and international trade flows, sources with knowledge of the ...

Tags: Oil Product, Crude Oil

Total, Vitol, Trafigura Win Nigeria 2016 Crude Oil Term Contracts

Dec 18, 2015

France's oil giant Total and international trading firms Trafigura and Vitol were among 21 companies handed crude oil term lifting contracts for 2016 by state oil firm Nigerian National Petroleum Corp, NNPC said Thursday. "NNPC issued ...

Tags: Crude Oil, oil trading

"One Belt and One Road" to Be Highlighted at Boao Forum

Oct 30, 2015

Chinese officials are expected to release the implementation plan for the "One Belt and One Road" initiative when the 2015 Boao Forum for Asia opens later this week in southern China. The China-proposed initiative is expected to present a ...

Tags: "One Belt and One Road", worldwide economy, Boao Forum

Vallourec Has Been Awarded a Contract by TUS for The Edradour Gas Project

Sep 15, 2014

French pipe producer Vallourec has announced that it has been awarded a contract by Technip Umbilicals Systems (TUS) for the Edradour gas project operated by global oil giant TOTAL in the West of Shetland area in northern UK. Under the ...

Tags: Vallourec, oil giant

Oil and Gas Development Co. Has Increased The Price of Gas Sold to Twin Distributors

Apr 11, 2014

Pakistan's biggest oil and gas explorer, Oil and Gas Development Co., has increased the price of gas sold to twin distributors -- Sui Northern Gas and Sui Southern Gas -- by almost 8%, the company said in a statement Wednesday. The Oil ...

Tags: oil, gas explorer, Sui Southern Gas

CNOOC Partnered with Iceland's Eykon Energy to Explore Oil and Gas Resources

Mar 10, 2014

China National Offshore Oil Corp (CNOOC), the country's largest offshore oil and gas developer, has become the first Chinese firm licensed to look for oil in the Arctic, a landmark step for overseas energy exploration for the world's ...

Tags: Arctic Oil, Mineral

China Saw Its Aggregate Volume of Natural Gas Imported From Overseas Jump 25% in 2013

Feb 10, 2014

China saw its aggregate volume of natural gas imported from overseas jump 25 percent year on year in 2013, approaching one-third of its apparent consumption, a new report has showed. The country imported 53 billion cubic meters of natural ...

Tags: Natural Gas, Chemicals

Supply Offers Nation More Import Sources, Enhances Energy Security

Feb 10, 2014

Supply offers nation more import sources, enhances energy security Energy-rich Russia has started delivering crude oil to China as of the beginning of the year after the contract signed between the two countries last June, which will ...

Tags: Oil, energy security

China to Exceed Europe to Become The Largest Energy Importer in The World by 2035

Jan 21, 2014

China is expected to exceed Europe to become the largest energy importer in the world by 2035, said a report issued by British oil giant BP. The annual Energy Outlook 2035 report released on Wednesday forecast global energy consumption to ...

Tags: Oil Consumer, Energy Importer

The Overhaul Was Launched After Oil Leaked Into Sewage Pipes

Jan 13, 2014

A nationwide overhaul of oil pipelines launched after a fatal explosion in Qingdao, Shandong province, has found hazards in many areas that could lead to similar incidents, according to the country's top work safety watchdog. The overhaul ...

Tags: Oil, Oil Pipelines, Oil Pipelines Defects

Profits of Oil Giant China Sinopec Increased More Than 10 Billion Yuan

Jan 2, 2014

Profits of oil giant China Sinopec increased more than 10 billion yuan (1.6 billion U.S. dollars) in the first eleven months. Huang Shuhe, vice chairman of the State-owned Assets Supervision and Administration Commission (SASAC), said the ...

Tags: Sinopec, Mineral

Indonesia's State-Owned Oil and Gas Firm PT Pertamina Aspires Its Net-Profit to Rise

Dec 30, 2013

Indonesia's state-owned oil and gas firm PT Pertamina aspires its net-profit to rise by 12.79 percent to 3.44 billion U.S. dollar next year as the revenue from downstream and upstream business spheres pick up, a statement from the company ...

Tags: State-Owned Oil, Energy

Chevron to Reverse a Ruling Requiring It to Pay $9.5 Billion for Pollution

Dec 26, 2013

Chevron filed a motion with a court in Ecuador Monday seeking to reverse a ruling requiring it to pay $9.5 billion for pollution in the country's Amazon basin region. The US oil giant, which claims it was the victim of a trial riddled ...

Tags: Consumer Electronics, Electronics

Amarinth Secured Three New Orders This Year From Statoil

Nov 28, 2013

Amarinth, a leading company specialising in the design, application and manufacture of centrifugal pumps and associated equipment to the Oil & Gas, petrochemical, chemical and industrial markets, has secured three new orders this year from ...

Tags: Amarinth, foothold, Norwegian, oil, gas, sector, pump, Statoil

Barbier Has Twice Rejected Arguments by BP

Nov 21, 2013

A group of scientists and experts requested by Congress to assess the total damage caused by the BP oil spill in the Gulf of Mexico in April 2010 have said the government's current methods of putting a price tag on the most sweeping ...

Tags: US, government, whitewashed, economic damage, BP, oil, spill

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