The Annual Offshore Oil & Gas Event

The 22ndBeijing International Offshore Oil & Gas Exhibition



March 21-23, 2022

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Industry News
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19 2021-04

Guyana Estimates Future Oil Production At 1 Million

Guyana has estimated its future oil production at 1 million barrels per day by 2027, from seven floating production, storage, and offloading (FPSOs) vessels in country, according to natural r......

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14 2021-04

Total Partners with Siemens Energy to Reduce LNG Re

Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facili......

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19 2021-03

Oil demand to reach record by 2026: IEA

(MENAFN - AFP) Global oil demand will return to pre-pandemic levels in two years and reach record heights by 2026 unless governments take swift action to meet climate goals, the International......

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16 2021-03

Oil Prices: Brent Hits $70

Credit: namning/AdobeStock Oil prices rose on Monday, with Brent reaching $70 a barrel, as data showed Chinas economic recovery accelerated at the start of 2021, boosting the energy demand ou......

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25 2021-02

Oil prices reach one-year high as global crude supp

(Bloomberg) --Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand. Futures in New York climbe......

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22 2021-02

Higher oil revenue gives Putin room to challenge Ru

(Bloomberg) --Rising oil prices and a weak ruble could provide the Kremlin with as much as $33 billion in extra cash for social spending this year, giving Vladimir Putin the financial wherewi......

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02 2021-02

Oil surges on signs of a tight global crude market

(Bloomberg) --Oil surged by the most intraday in three weeks, lifted by broader market strength and optimism over demand recovering this year. Futures climbed as much as 2.4% in New York on M......

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27 2021-01

More oil and gas companies leaning into renewable e

OSLO - New research published by DNV GL finds that the oil and gas industry expects to boost investment in the energy systems of the future this year, as companies seek to transform for the l......

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25 2021-01

Biden’s fiscal and climate priorities may support

(Bloomberg) --Initial steps taken by U.S. President Joe Bidens administration may help support the oil market this year and next, according to Goldman Sachs Group Inc. A focus on fiscal spend......

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12 2021-01

Asian oil refiners target European crude as Saudi o

(Bloomberg) --Asias oil refineries have been rushing to buy up crude cargoes from Europe after Saudi Arabias surprise decision to unilaterally cut output in February and March. Unipec, the tr......

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29 2020-12

Oil price rally fades as OPEC’s plans overshadow

(Bloomberg) --A brief rally in crude oil deflated Monday as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming new supply from OP......

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22 2020-12

Oil prices dive as mutating virus chokes internatio

(Bloomberg) --Oil plummeted the most in seven weeks, with investors fleeing the market as a mutation of Covid-19 discovered in the U.K. threatened more lockdowns across Europe. Brent futures ......

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18 2020-12

Oil prices climb past 10-month record on rallying g

(Bloomberg) --Oil extended gains from the highest settlement in almost 10 months after broader markets rallied and American crude stockpiles declined more than expected. Futures in New York r......

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16 2020-12

Wall Street favor shifting from U.S. shale to Canad

CALGARY (Bloomberg) --After years in the shadow of the U.S. shale boom, the Canadian oil sands are emerging from 2020s historic market crash with a slew of upbeat outlooks from Wall Street eq......

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15 2020-12

Oil prices find new strength as financial markets p

(Bloomberg) --Brent crude topped $50 a barrel last week for the first time since March, a milestone for an oil market thats been grinding its way back out of a deep slump for months. Things a......

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