The UK North Sea Transitional Regulatory Authority (NSTA, formerly the UK Oil and Gas Authority) has announced that it has approved the development of the Rosebank field in the Shetland Islands, Scotland. Equinor (Norway's Statoil) owns 80% of the project and Ithaca Energy (UK) owns 20% of the proje

Recently, the largest double-axis double-trough heat collection system in China was completed in Bayan Oilfield, North China Oilfield. The project built a total of 49 sets of double-axis double-trough concentrator, the installed capacity of 1.47 MW, the use of solar heat after the operation of 4.5 m

Global primary energy demand is expected to surge by 23 percent by 2045, Opec's secretary general said, adding that it will take all resources to meet the growing demand.According to Reuters, Opec's secretary general told an oil conference in Nigeria that "global primary energy demand is forecast to

By Mar 20,2023, the future price of light crude oil from New York Mercantile Exchange closed at USD67.30 a barrel. decrease USD9.21 than Mar 13.2023, the drop rate is 12.04 %. The future price of crude oil from London Brent closed at USD73.19 a barrel, decrease USD9.43 than Mar 13.2023.the drop rate