On August 1st, CNOOC reported that Enping 15-1 Central platform, the largest offshore oil production platform in Asia, completed the overall floating installation in the Pearl River Mouth Basin, which indicated that the design, construction and installation capacity of China's super large offshore o

U.S. crude oil production and demand will increase in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said Tuesday in its Short-term Energy Outlook (STEO) report.The EIA forecasts U.S. oil production to rise to 11.91 million barrels per day in 2022, 12.77 million barrels

The Saudi National Bureau of Statistics released international trade data on June 23. In April, Saudi Arabia’s overall merchandise exports reached 137.1 billion riyals, a 98% increase from the same period last year. This increase was mainly due to oil exports, which increased by 60.5 billion riyals

Reporters noted that crude oil futures rose Wednesday to their highest level in 13 weeks. U.S. gasoline demand continues to rise, along with expectations of higher overseas demand for crude and concerns about the supply outlook in several countries, boosting oil prices.WTI crude was up 0.14% at $122

CNPC Logging Co., LTD. (hereinafter referred to as CNPC Logging) has successfully developed the first 230 ° C /170 mpa small-diameter instrument in China. The main technical indicators are of international advanced level, which can effectively meet the logging requirements of ultra-high temperature,

Recently, in the Pearl River Mouth Basin, which is more than 200 kilometers southeast of Shenzhen and about 284 meters deep, the offshore installation work of Haiji No.1 platform, the first deepwater jacket platform in Asia designed and built by China, has been completed. The total weight of the pla

By May 30,2022, the future price of light crude oil from New York Mercantile Exchange closed at 116.04 a barrel, increased by Approx. 4.71% from May 23.2022, The future price of crude oil from London Brent closed at $116.42 a barrel, increased by approx. 2.78% from May 23.2022.

British Chancellor of the Exchequer John Sunak announced in the House of Commons on May 26 that the UK will impose a 25% tax on energy profits made by oil and gas companies.Mr. Sunak said the tax was temporary and would be phased out when oil and gas prices returned to more normal levels historicall

By May 23,2022, the future price of light crude oil from New York Mercantile Exchange closed at 110.82 a barrel, increased by Approx. 1.61% from May 16.2022, The future price of crude oil from London Brent closed at $113.27 a barrel, increased by approx. 2.99% from May 16.2022.

Kazakhstan's oil production (excluding condensate) was 5.859 million tons (1.426 million b/d) in April, down 8% from March, due to ongoing maintenance of CPC terminals, calculations show.Oil exports through the CPC pipeline were cut off from the end of March to the end of April due to damage to the

Petrobras announced a $16 billion revamp of the Campos Basin, offshore Brazil, which includes plans to introduce three new platforms and connect more than 100 oil RIGS to the area.The Brazilian state-owned oil and gas company will invest over the next five years. Petrobras says it will use new techn

BW Energy has decided to proceed with the Maromba development in Brazilian waters in phases by drilling six producing Wells. The Wells will be connected to a redeployed floating production, storage and offloading unit (FPSO). The first oil from the first phase of the project is targeted for 2025. Th