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The 25thBeijing International Offshore Oil & Gas Exhibition

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March 26-28,2025

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Industry News
The following is the news list page
10 2018-10

Decline rates from maturing oil wells in the Permian are on the rise

NEW YORK (Bloomberg) -- Oil producers in the Permian basin and elsewhere could soon find themselves facing the oilfield equivalent of trying to walk up the down escalator. The oil industry, .........

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09 2018-10

Oil declines on hopes for U.S. waivers on Iran, Saudi assurance

LONDON (Bloomberg) -- Oil fell to the lowest in a week in London on renewed hopes the U.S. may soften the blow of sanctions on Irans crude exports, and as Saudi Arabia promised to fill any s.........

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08 2018-10

Saudi prince sees deal with Kuwait to restart oil fields "soon"

(Bloomberg) -- Saudi Arabias crown prince said hes getting close to striking a deal with Kuwait about two jointly owned fields that can produce half a million barrels a day of crude. We beli.........

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26 2018-09

Iranian oil tankers go dark with six weeks to go until sanctions hit

LONDON (Bloomberg) -- Irans oil tankers are starting to disappear from global satellite tracking systems with just under six weeks to go until U.S. sanctions are due to hit the countrys expo.........

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25 2018-09

Anglo African Oil & Gas provides update on drilling program in the Congo

LONDON -- Anglo African Oil Gas plc, an independent oil and gas developer, has announced that the construction of the extended pad at Tilapia field, in the Republic of the Congo has been com.........

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21 2018-09

Exxon among majors to join Oil and Gas Climate Initiative

IRVING, Texas -- ExxonMobil said it will join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the worlds largest oil and gas producers working collaborat.........

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20 2018-09

Riverstone plans $900-million sale of oilfield services equipment company

NEW YORK (Bloomberg) -- Riverstone Holdings LLC is preparing to sell oilfield services equipment company Abaco Energy Technologies, which could fetch about $900 million, according to people .........

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19 2018-09

Equinor granted drilling permit for wildcat, west of Atlantis discovery

STAVANGER -- The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS a drilling permit for well 7324/3-1, cf. Section 15 of the Resource Management Regulations. Well 7324/3-1.........

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18 2018-09

OPEC sees need to keep oil supply deal as demand faces headwinds

DUBAI (Bloomberg) -- OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces headwinds, the head of the organization said. The historic supply.........

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17 2018-09

Tale of two oil markets: Brent bulls split from U.S. optimists

NEW YORK (Bloomberg) --For oil investors, this is both the best of times and the worst of times, depending on which crude benchmark you trade. While money managers pile up on bets that Brent.........

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14 2018-09

Oil declines as supply fears ease, Trump tweets on Chinese trade

NEW YORK (Bloomberg) -- Crude dropped the most in almost a month as global supply concerns receded and a demand-killing trade war intensified. Futures dropped as much as 2.8% in New York on .........

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12 2018-09

U.S. oil to flow abroad as glut concerns swell discount to Brent

LONDON (Bloomberg) -- Dont be surprised to see bumper U.S. oil shipments heading overseas in the coming weeks. Global benchmark Brent is trading at its widest premium to U.S. yardstick West .........

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11 2018-09

AMLO targets $3.9 billion in new oil investment

MEXICO CITY (Bloomberg) -- Mexicos next president Andres Manuel Lopez Obrador will allocate 75 billion pesos ($3.9 billion) in the budget next year to oil extraction in a bid to resuscitate .........

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07 2018-09

Growth in tight oil shakes up futures markets and hedging needs

NEW YORK (Bloomberg) -- The vibrations of the shale boom are now shaking the futures market. A visible decline in open interest of West Texas Intermediate crude futures contracts for deliver.........

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06 2018-09

Anglo African Oil & Gas reports temporary suspension of drilling at Tilapia field

LONDON -- Anglo African Oil Gas plc, an independent oil and gas developer, has announced that the company has been informed by its drilling contractor, SMP, that they have experienced a tops.........

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