- Five Major Challenges Facing The Energy Industry
- Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head
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212016-10
- SOCAR drilling new well at Oil Rocks field
- Azerbaijan’s state oil company SOCAR will produce nearly 3,650 tons of oil annually through commissioning a new well, which is being drilled at the offshore Oil Rocks field.
192016-10
- Iran offers 50 oil and gas fields to foreign bidders
- Iran's oil ministry announced Sunday it will invite foreign companies to bid for oil and gas projects for the first time. One Monday, the ministry released details, saying this would include 29 oil fields and 21 gas fields.
172016-10
- China launched the Shenzhou-11 manned spacecraft
- China launched the Shenzhou XI manned spacecraft on Monday morning to transport two astronauts to the Tiangong II space laboratory.
122016-10
- The CEO Igor Sechin said Russia National Oil Company won't cut the oil output.
- According to foreign media, Igor Sechin, Russia's most influential oil executive and the head of state-controlled energy giant Rosneft, said his company will not cap oil production as part of a possible agreement with OPEC.
102016-10
- Texas drillers added jobs in July for first gain in 19 months
- In July, oil producers, service and rig contractors from Texas upstream companies, increase job chance significantly, it makes the state’s energy workforce turn into a good condition.
082016-10
- International Oil Price increased significantly after the OPEC's output cut agreement on Oil production
- OPEC reached the output cut agreement on Sep.28th in Algiers, decided to reduce the daily output to 32.5-33.0 million barrel, to balance the markets supply and demand. International Oil Price increased significantly after the agreement on Oil production.
302016-09
- Happy National Day!
- Happy National Day.We have the specific sales department, professional technical team take part in technical assistance, pre-sales, after sales services etc. We never stop our effort to produce high quality products and provide our best service for oilfield projects.
222016-09
- Market Currents: Saudi targets Asian oil exports
- After selling off strongly so far this week, oil prices are mustering a bounce into the holiday weekend,
092016-09
- Now, shale drillers are the low-cost leaders
- Technical advances in horizontal drilling have transformed shale oil into the most cost-effective and fastest sector in the US petroleum industry. Fracking operations in the American West are now considered the global swing producer, instead of Saudi Arabia.
062016-09
- BP signs second Chinese shale gas contract with CNPC
- BP today announced that it has signed a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation (CNPC). The PSC, signed on 27th July, covers an area of approximately 1,000 square kilometres at Rong Chang Bei in the Sichuan Basin. In March 2016, BP and CNPC signed their first shale gas PSC on the adjoining Neijiang-Dazu block. As with the earlier contract, CNPC will operate the Rong Chang Bei PSC.
