China


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Building a prosperous and free Somalia through the Rule of Law

Opinion article by His Excellency Abdirashid Mohamed Ahmed, The Minister of Petroleum & Mineral Resources of The Federal Republic of Somalia As Dwight D. Eisenhower said: “The clearest way to show what the rule of law means to us in everyday life is to recall what has happened when there is no r ...

Aydanur Akkurt - Africa Oil & Power


Posted 15 days agoOpinion > SomaliaLawOil Blocks +5

Angola Announces Public Tender For Soyo Refinery

The Ministry of Mineral Resources and Petroleum of Angola will launch a public tender for the construction of the Soyo refinery. Initially announced in 2015, the construction of the refinery has since been put on hold. The tender reflects Angola's efforts to boost domestic refining capacity. ...

Aydanur Akkurt - Africa Oil & Power


Posted 22 days agoPress > LuandaAngolaCrude oil +2

TODAY IN ENERGY: U.S. LNG exports to Europe increase amid declining demand and spot LNG prices in Asia

A warm winter in Asia and declining price differentials between European and Asian spot natural gas prices led to increased volumes of U.S. LNG exports delivered to Europe. Recent declines in price differentials between European pricing benchmarks (including National Balancing Point (NBP) in the ...

Hui Shan


Posted 1 month agoLink > pricesConsumptionDemand +9

TODAY IN ENERGY: Saudi Arabia has been exporting more crude oil to China, less to the United States

Four Asia-Pacific countries that publish crude oil imports by country of origin—China, Japan, South Korea, and Taiwan—collectively imported an average of 3.5 million b/d of crude oil from Saudi Arabia in 2018. China's, Japan's, and Taiwan's 2019 year-to-date crude oil imports from Saudi Arabia ar ...

Hui Shan


Posted 1 month agoLink > InternationalChinaSaudi Arabia +7

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 2 months 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 3 months 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 4 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 6 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 7 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 7 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 8 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 8 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 9 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 9 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 10 months agoPress > EIMEmpyrean EnergyChina +2