- 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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162015-09
- The Battle for Oil
- With supply contracting and demand rising, the production glut will all but disappear by late 2016. The IEA even says the markets could tighten significantly. "The sizeable anticipated loss of overall non-OPEC output and robust demand growth suggest that unless prices recover, lower-cost OPEC producers would need to turn up the taps during the second half of 2016 to keep the market in balance." It may be unthinkable right now, but the IEA is saying that oil markets could reverse from glut to a slight shortage, and OPEC might need to ramp up production toward the end of next year to avoid a p
242015-07
- China opens up crude oil import to private refineries
- The Ministry of Commerce on Thursday specified the requirements for non-State companies to import crude. Qualified firms must have an annual refining capacity of over 2 million tons and meet efficiency and environmental standards. They should also have storage capacity for no less than 300,000 tons of crude, with terminals that can handle more than 50,000 tons.
262015-06
- Argentina, China lead shale development outside N. America
- Argentina and China have respectively drilled more than 275 and 200 wells targeting shale plays over the past 2 years, providing each country with the potential to significantly increase production of shale gas and tight oil, the US Energy Information Administration highlighted on June 26 in an energy update.
022015-06
- The 5th China(Beijing) International Offhsore Oil & Gas Technology Conference
- In 2015.9.10-11, Strategically cooperated by CNOOC, China's largest offshore oil and gas producer, CIOTC focuses on the latest developments of offshore oil and gas technologies around the world.
302015-04
- OPEC Oil Output in April Climbs to Highest Since 2012
- OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia.
302015-01
- Oil Drilling in the Arctic Facing a Freeze
- Governments are reviewing plans to open Arctic waters tooilmen WHEN BP's Macondo well began spewing oil into the Gulf ofMexico.
222014-11
- Oil Prices Affect the US Oil Mining
- With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon.
062013-04
- Waste Oil Becomes Treasure in Oil Mining
- The increased use of horizontal drilling and hydraulic fracturing, to extract natural gas and oil in many parts of the United States, has dramatically increased the nation's energy supply, but also raised concerns about such issues as water pollution. Private companies are now rushing into the relatively new market for recycling drill site water.
