The Annual Offshore Oil & Gas Event

The 22ndBeijing International Offshore Oil & Gas Exhibition



March 21-23, 2022

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Industry News
The following is the news list page
21 2021-10

Major underground gas storage cluster opens

Workers change the billboard at a Sinopec gas station in Fuzhou, Fujian province. [Photo provided to China Daily] China Petroleum and Chemical Corps biggest underground gas storage cluster, l......

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23 2021-09

Oil prices rise on falling U.S. crude inventories

(Bloomberg) --Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and Chinas central bank added liquidity to quell concern ......

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18 2021-09

Oil set for fourth weekly gain with high energy pri

(Bloomberg) --Oil headed for a fourth weekly gain supported by signs of a tighter market and a wider rally in energy prices. West Texas Intermediate, which dipped on Friday, has still climbed......

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26 2021-08

BP, PetroChina form JV to manage Iraq’s Rumaila o

LONDON (Bloomberg) - BP and PetroChina formed a joint venture to manage the giant Rumaila field in Iraq, an operating structure the British oil major has adopted in other parts of the world a......

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25 2021-08

State oil companies begin their own moves toward ca

MEXICO CITY (Bloomberg) --Pemex left investors with more questions than answers after it announced in late July that it would be disclosing its greenhouse gas emissions on a more regular basi......

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24 2021-08

Oil prices jump on stock market rebound, FDA vaccin

(Bloomberg) --Oil in New York surged by the most since April amid a broader market rebound after the longest stretch of declines in nearly two years. The U.S. crude benchmark climbed nearly 5......

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12 2021-08

Oil prices drop after Biden asks OPEC to raise prod

LONDON (Bloomberg) --Oil dropped suddenly after a report that the U.S. will urge OPEC to revive production more quickly. Futures tumbled 1.2% in New York as CNBC reported that the White House......

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11 2021-08

Oil companies’ renewables push squeezing profitab

(Bloomberg) --The worlds largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and solar farms just as climate planning focuses more on green ......

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09 2021-08

Natural gas prices surge as energy transition-drive

MOSCOW (Bloomberg) --The era of cheap natural gas is over, giving way to an age of far more costly energy that will create ripple effects across the global economy. Natural gas, used to gener......

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04 2021-08

Iran’s oil output growth looks less likely follow

(Bloomberg) --Irans oil comeback, already taking longer than many traders expected, will be further complicated by last weeks deadly drone attack on a tanker in the Gulf of Oman, which the U.......

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03 2021-08

Oil prices fall on declining Chinese factory output

(Bloomberg) --Oil slid by the most in a week as the fast-spreading delta variant poses a threat to demand and as data out of China signaled a slowdown. Futures in New York declined as much as......

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21 2021-07

U.S. crude oil exports reached record levels in 202

WASHINGTON - Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020. So far this year (as of July 9, 2021), U.S. crude oil exports have averaged 3.00 m......

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19 2021-07

OPEC agrees to boost oil output in August on Saudi-

(Bloomberg) - OPEC and its allies agreed to gradually add more oil supplies to the market, ending a two-week spat between Saudi Arabia and the United Arab Emirates. The unusually public dispu......

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16 2021-07

Another day of falling oil prices as U.S. gasoline

(Bloomberg) --Oil fell for a second day after a surprise jump in U.S. gasoline stockpiles tempered signs that the American market has returned to robust health. Futures in New York slid near ......

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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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