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
China national Offshore Oil Corporation (CNOOC) announced on June 14 that it has put into use China's first domestically produced deepwater subsea tree as it successfully completed a test operation of an subsea gas well in Yinggehai, Hainan province. This indicates that China has the ability to desi
By June 13, the future price of light crude oil from New York Mercantile Exchange closed at USD118.81 a barrel, droped by Approx.0.63 % from June 6.2022, The future price of crude oil from London Brent closed at $120.48 a barrel, droped by approx. 0.28% from June 6.2022.
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.
On May 11, China's first set of home-made deep-water subsea tree was installed in Yinggehai, Hainan. The equipment is an important part of the subsea oil and gas production system engineering demonstration project led by CNOOC, marking a key step in the development of key technologies and equipment
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
As of April 10, Tarim Oilfield has produced 2.146 million tons of crude oil and 9.91 billion cubic meters of natural gas this year, and achieved 10.04 million tons of oil and gas equivalent in 100 days, setting a new record for the shortest oil and gas production time of 10 million tons. Since the b