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This Week in Petroleum

Despite crude oil production cuts, Saudi Arabian crude oil exports to some Asian countries have increasedThe U.S. Energy Information Administration (EIA) estimates that during May 2019, Saudi Arabia's crude oil production approached a four-year low, averaging an estimated 9.9 million barrels per d ...

Hui Shan


Posted 1 month agoLink > ChinaCrude oilexports +7

Escalating Trade Wars and Oil Markets

U.S. Gulf Coast crude oil imports averaged 1.8 million barrels per day (b/d) in March 2019, the lowest level since March 1986 and significantly lower than the peak of 6.6 million b/d in March 2007. In 2018, 20% of all Gulf Coast crude oil imports were from Venezuela, an annual average of 498,000 ...

Hui Shan


Posted 1 month agoLink > nrgedgeOilgas +10

Key Industry Projects to Watch Around the Globe in 2019

Oil and gas industry experts make sure to keep a close watch on upstream, midstream, and downstream oil and gas projects being built around the world. The ten most significant projects below were selected based on factors such as capital expenditure, its impact on employment in the industry, and the ...

Ruslan Baisarov - Tuva Energy Industrial Corp.


Posted 2 months agoOpinion > AI in Oil and Gas2019Indonesia +7

On the way up: The trends that will impact oil in 2019

The price of oil has been on a bullish trend since the start of the year. This is despite a steep decline at the end of last year because of a significant US shale industry output, which pushed down prices. The prices have recovered at the start of this year because the market has bet that supply w ...

Scott Johnson


Posted 4 months agoOpinion > OilVenezuelaChina +5

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 5 months agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

CNOOC’s Capital Plans

After President Xi Jinping called for greater self-reliance and improving national security by boosting domestic reserves in August, the national upstream company CNOOC has now unveiled ambitious plans to boost capital spending with an eye to raise its production. Encompassing both domestic and i ...

Hui Shan


Posted 5 months agoLink > CrudeOil pricesBrent +3

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 7 months agoOpinion > OPECNon-OPECNOPEC +91

Forged Steel Valve Manufacturer, Forge Gate Globe Check Ball Valve from China

We are professional, our products are of assured good quality and sensible price. We service to Europe, South America, and Asia. We are looking for the most suitable and economical products plan for the customers, we have a modern managing method to guarantee our efficiency in production and selling ...

Jeawin Lee


Posted 7 months agoPress > China

Macroeconomic Factors Propelling China as One of the Most Important Markets for Oil and Gas Companies, says GlobalData

China's swelling demand for oil and gas for domestic consumption and heavy dependency on imports makes it one of the most lucrative markets for the global oil and gas industry, according to GlobalData , a leading data and analytics company. The company's report: ‘ Impact of China on Oil and Ga ...

OilVoice Press - OilVoice


Posted 7 months agoOpinion > GlobalDataChinaOil +5

Gazprom and CNPC Hold 14th Meeting of Joint Coordinating Committee

The 14 th meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC moderated by  Vitaly Markelov , Deputy Chairman of the Gazprom Management Committee, and Hou Qijun, Vice President of CNPC, took place today in Guangzhou, People's Republic of China. The meeting participants discussed ...

OilVoice Press - OilVoice


Posted 8 months agoPress > RussiaChinaSiberia +3

Gaffney Cline & Associates Review of Oil In-Place Estimates Completed for Prospects in Block 29/11, Pearl River Mouth Basin, Offshore China

Empyrean Energy (EME: AIM), the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that Gaffney, Cline & Associates (“GCA”), an independent petroleum advisory firm, has completed its independent audit of the Company's oil initially in pl ...

OilVoice Press - OilVoice


Posted 8 months agoPress > EIMEmpyrean EnergyChina +2

China’s Acrylonitrile-Butadiene-Styrene Industry Continues to be Import Dependent Until 2022, says GlobalData

China will continue to be a net importer of Acrylonitrile-Butadiene- Styrene (ABS) until 2022, primarily due to growing demand from the household appliances, electrical and electronics, automotive and industrial sector, says GlobalData , a leading data and analytics company.    The company's re ...

OilVoice Press - OilVoice


Posted 8 months agoOpinion > GlobalDataChinaAbsoft Limited

Orbital Gas Systems Advances Business Development Efforts in China With Distribution Partner SAMSON AG

Orbital Gas Systems ("Orbital" or the "Company"), a wholly-owned Energy subsidiary of CUI Global, Inc. (NASDAQ: CUI), will host multiple technical training sessions in China for its distribution partner SAMSON AG (“SAMSON”) to provide the SAMSON salesforce with the technical skills and knowledge to ...

OilVoice Press - OilVoice


Posted 8 months agoPress > ChinaSAMSONOrbital Gas Systems +3

Gazprom: TurkStream Gas Pipeline’s Offshore Section 95 Per Cent Completed

The Gazprom  Board of Directors  commended the efforts of the Company to implement its major investment projects. The Company continues to pursue the extensive  Eastern Gas Program  and to build facilities associated with supplying gas to domestic consumers and to China. In particular, 127 produci ...

OilVoice Press - OilVoice


Posted 8 months agoPress > pipelinegasGas Pipeline +6

CNOOC Limited Announces Key Operational Statistics for the Third Quarter of 2018

HONG KONG, Oct. 25, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the third quarter of 2018. The Company achieved a total net production of 113.8 million barrels of oil equivalent ("BOE") for the third quarte ...

OilVoice Press - OilVoice


Posted 8 months agoPress > CNOOCChinaOperational Update +3