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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
05 2016-05

Petrobras to sell Argentina, Chile assets for $1.4 billion

RIO DE JANEIRO (Bloomberg) -- Petrobras has agreed to sell assets in Argentina and Chile for about $1.4 billion, as Brazils state-controlled oil producer looks to raise cash and focus on dee.........

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04 2016-05

As OPEC infighting continues, U.S. becomes swing producer

HOUSTON -- When OPEC members couldnt agree at their April meeting to cap oil output in an effort to boost prices, did it signal the end of the cartels reign as the worlds energy swing produc.........

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03 2016-05

Oil falls below $45 as Iraq exports approach record

NEW YORK (Bloomberg) -- Oil declined for a second day as Iraqs exports approached a record high in April, adding barrels to a worldwide supply glut that has pushed prices lower. Futures sett.........

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29 2016-04

Top oil service firms mull North America retreat as losses mount

HOUSTON (Bloomberg) -- Two of the three largest oil rig operators and fracers are considering pulling back from the North American market as losses mount. Schlumbergerafter posting its first.........

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28 2016-04

WTI climbs above $45 amid U.S. crude output drop, Fed statement

NEW YORK (Bloomberg) -- Oil closed above $45/bbl in New York for the first time since November after U.S. crude output dropped and Federal Reserve policy makers signaled theyre open to raisi.........

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27 2016-04

Crude oil increases as excess global stockpile seen shrinking

NEW YORK (Bloomberg) -- Oil rose amid signs that a global surplus is gradually diminishing, even as markets remain oversupplied. Futures climbed as much as 2.4% in New York after slipping 2..........

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26 2016-04

Saudi prince says Aramco valuation above $2 trillion

RIYADH, Saudi Arabia (Bloomberg) -- Saudi Arabias Deputy Crown Prince Mohammed bin Salman said he expects the value of Saudi Arabian Oil Co. to exceed $2 trillion as the kingdom prepares to .........

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25 2016-04

Aramco said to expand oil field in May to maintain Saudi capacity

RIYADH, Saudi Arabia (Bloomberg) -- Saudi Arabian Oil Co. will complete the expansion of its Shaybah oil field by the end of May, allowing the biggest crude exporter in the world to maintain.........

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22 2016-04

Oil megaprojects dreamed up a decade ago thrive amid price slump

HOUSTON (Bloomberg) -- Oil production in some of the riskiest, highest-cost regions of North America is still thriving, even as the worst slump in a generation takes a bite out of U.S. shale.........

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21 2016-04

Aibel wins contract for BP’s Glen Lyon FPSO

STAVANGER, Norway -- Aibel has been awarded a contract for yardstay and assistance with the final preparations of the Glen Lyon FPSO. The vessel arrived in Haugesund, Norway, on Wednesday. W.........

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20 2016-04

Cyberhawk UAV performs first commercial oil and gas inspection in Qatar

LIVINGSTON, Scotland -- Cyberhawk Innovations, a leader in aerial inspection and survey using unmanned aerial vehicles, has completed the first ever commercial oil and gas inspection in Qata.........

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19 2016-04

Saudi's other warning makes oil traders sweat after Doha failure

LONDON (Bloomberg) -- After his comments thwarted supply negotiations in Doha, oil traders are weighing another implied warning from the Saudi deputy crown prince: the threat of an intensify.........

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18 2016-04

Saudi prince says he could add a million barrels immediately

DIRIYAH, Saudi Arabia (Bloomberg) -- Saudi Arabia could raise crude production by more than a million barrels a day immediately, said the kingdoms Deputy Crown Prince, as he reiterated the n.........

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14 2016-04

Oil can top $50 with production freeze deal, Bank of America says

CHARLOTTE, North Carolina (Bloomberg) -- Oil prices can climb above $50/bbl if an output freeze deal is struck in Doha this weekend, according to Bank of America Corp. A flat output profile .........

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13 2016-04

Oil producers risk severe impact on prices if freeze deal fails

LONDON (Bloomberg) -- The early success of an oil supply accord between OPEC and Russia in reviving crude prices is magnifying the potential costs of failure if producers meeting this weeken.........

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