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Saudis call for cuts to counteract low prices

SAUDI Arabia’s energy minister has urged a global output cut of 1 million barrels per day to re-balance the market, as Riyadh unveiled plans to cut production by 500,000 bpd from December. “The technical ...

November 13, 2018, Tuesday

Angola in Total control of oil production

Angola and French oil giant Total have formally launched a major new offshore oil project to aid the country’s economy that plunged into crisis following oil price dips in 2014....

November 12, 2018, Monday

New LNG terminal opens in Zhejiang

The Liquefied Natural Gas terminal funded by ENN Group, a Chinese private energy company, began operations with Friday’s arrival of a ship loaded with 69,000 tons of LNG from Australia....

October 23, 2018, Tuesday

Natural gas production, imports up

China’s imports of natural gas continued fast growth in September while domestic production increased steadily, official data shows....

October 22, 2018, Monday

Hydrogen trucks are on their way

China’s energy giant has partnered with a leading engine producer to jointly develop hydrogen trucks....

October 15, 2018, Monday

Top traders split on outlook for oil as Iran sanctions loom

The world’s biggest trading houses said yesterday they saw oil prices not falling below US$65 per barrel and possibly breaking above US$100 next year as US sanctions on Iran reduce crude exports from the...

October 11, 2018, Thursday

ExxonMobil inks Huizhou LNG deal

US energy giant ExxonMobil signed a cooperation framework agreement with the Guangdong provincial government on Wednesday on the proposed construction of a multibillion-US-dollar chemical complex....

September 7, 2018, Friday

PetroChina’s net profit soars 114%

China’s biggest oil producer PetroChina said yesterday its net profit more than doubled in the first half of the year as global crude prices soared....

August 31, 2018, Friday

Sinopec posts 54% jump in H1 net profit

China Petroleum and Chemical Corporation yesterday reported a 53.6 percent jump in net profit for the first half of 2018 on strong energy demand and higher oil prices....

August 27, 2018, Monday

Japan’s 4 big nuke firms talk potential partnership

Four of Japan’s biggest nuclear operators and plant builders have started talks on a potential partnership in atomic energy, as the sector struggles to reboot in the wake of the Fukushima disaster seven...

August 23, 2018, Thursday



 

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