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The 25thBeijing International Offshore Oil & Gas Exhibition

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BEIJING,CHINA

March 26-28,2025

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Industry News
The following is the news list page
26 2016-01

Saudis unbowed by oil crash with no spending cut before IPO

KUWAIT (Bloomberg) -- The worlds biggest oil producer is spending as much now as it did before the crash in crude prices, signaling no surrender in Saudi Arabias battle with rivals. Saudi Ar.........

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25 2016-01

Oil trader who predicted the decline says price has bottomed

LONDON (Bloomberg) -- Pierre Andurand, the founder of the $615 million Andurand Capital Management who correctly predicted the slump in oil prices, said the commodity has probably hit bottom.........

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22 2016-01

OPEC flood a boon to China oil giant as Iraq boosts output

SHANGHAI, China (Bloomberg) -- OPECs decision to flood global markets is helping Chinas biggest oil company pump record volumes overseas. China National Petroleum Corp. more than doubled pro.........

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21 2016-01

Shell profit plunges at least 42% as oil slump deepens

THE HAGUE (Bloomberg) -- Royal Dutch Shell Plc, which is buying BG Group Plc in the industrys largest deal in a decade, expects fourth-quarter profit to drop at least 42% after the rout in c.........

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20 2016-01

Oil rout could deepen as market ‘drowns’ in oversupply, IEA says

PARIS (Bloomberg) -- Global oil markets could drown in oversupply, sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions, according to the Inter.........

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19 2016-01

The North Dakota crude oil that’s worth less than nothing

HOUSTON (Bloomberg) -- Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude. Flint Hills Resources LLC,.........

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18 2016-01

Iran kicks off plan to boost oil exports as sanctions lifted

TEHRAN (Bloomberg) -- Iran is beginning efforts to boost oil production and exports amid a global supply glut after the removal of sanctions that shackled its economy and capped crude sales..........

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15 2016-01

Crude at $10 already a reality for Canadian oil-sands miners

CALGARY, Alberta (Bloomberg) -- Think oil in the $20s is bad? In Canada theyd be happy to sell it for $10. Canadian oil sands producers are feeling pain as bitumenthe substance at the center.........

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14 2016-01

China sets oil price floor at $40 to protect domestic supply

BEIJING (Bloomberg) -- China wont let fuel prices fall in line with crude below $40/bbl as the worlds second-biggest oil consumer seeks to curb pollution and shield domestic producers from o.........

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13 2016-01

Crude falls below $30 for first time in 12 years

NEW YORK (Bloomberg) -- Oil dropped below $30/bbl in New York for the first time in 12 years on concern that turmoil in Chinas markets will curb fuel demand. West Texas Intermediate crude tu.........

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12 2016-01

Crude tumbles to 12-year low as hedge funds head for exit

NEW YORK (Bloomberg) -- Crude declined to a 12-year low, confirming the view of hedge funds that cut bullish price bets to the lowest since 2010. Futures dropped as much as 4.7% in New York,.........

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11 2016-01

Statoil inks new agreements with OneSubsea, Aker Solutions

STAVANGER, Norway -- Statoil Petroleum has signed Master Service Agreements with Aker Solutions and OneSubsea Processing. The agreements form the basis for potential new EPC contracts for su.........

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08 2016-01

Saudi Arabia considering IPO for Aramco

RIYADH (Bloomberg) -- Saudi Arabia is considering its own Big Bang. The world biggest crude exporter is considering selling a stake in its state-owned company, which controls more than a ten.........

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07 2016-01

Crude tumbles below $34 as U.S. supply glut expands

NEW YORK (Bloomberg) -- Oil fell below $34/bbl in New York after U.S. gasoline inventories surged the most in 22 years and crude supplies at the American hub climbed to a record. Brent oil d.........

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06 2016-01

Oil falls to two-week low as U.S. stockpiles seen nearing record

NEW YORK (Bloomberg) -- Oil dropped to a two-week low on speculation that a government report will show U.S. crude inventories climbed last week. Futures fell as much as 1.9% in New York. St.........

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