China’s CNOOC Limited has started production from the Luda 21-2/16-3 regional development in the Bohai Sea. The Luda 21-2/16-3 regional development project is located in Liaodong Bay of Bohai Sea, about 39 kilometres north of Luda 10-1 oilfield and 90 kilometres northwest of the Suizhong 36-1 onshore terminal. The average …

Iranian oil minister on Monday informed that under the framework of the 25-year comprehensive cooperation road map, Iran and China will collaborate on the oil sector in the long-run. As Bijan Namdar Zanganeh told reporters that Iran is ready to sign a similar cooperation road map with all countries. Referring …

The long-term outlook for Qatar’s second gas boom does not fundamentally change whatever the eventual economic impact of Covid-19 be, on both the energy market and the country’s non-hydrocarbons economy, a new report has shown. According to PwC, the current crisis may even work to Qatar’s advantage as potential competitors, …

Some oil from China’s swelling storage tanks is finding its way back into the international market as traders jump at the opportunity to source cheap crude for resale to regional refiners. The shipments in question, so far just 1 million barrels, have been procured by trading houses via the Shanghai …

New membrane technology developed by a team of researchers from the Georgia Institute of Technology, Imperial College London, and ExxonMobil could help reduce carbon emissions and energy intensity associated with refining crude oil. Laboratory testing suggests that this polymer membrane technology could replace some conventional heat-based distillation processes in the …

For the first time in many years, the Organisation of Petroleum Exporting Countries, OPEC, has confirmed Nigeria’s ability to cut its output from 1.7 million barrels per day, mb/d in May to 1.4mb/d in June 2020. In its July Oil Market Report obtained by Vanguard, OPEC stated that the data …

For a country that is a founding member of OPEC as the biggest oil producer with the largest oil reserves in the world, for a country bordering seven others, for a country hosting the two holy sites where millions of Muslims perform their annual pilgrimage and, last but not least, …

Halliburton is one of the world’s largest oil field service companies with operations in more than 70 countries. It helps energy companies to maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing …

The European Union (EU) is warning United States (US) President Donald Trump’s administration to hold off threatening trade sanctions against EU companies involved in the completion of new German-Russian and Turkish-Russian natural gas pipelines and instead discuss differences as allies. This week, the Trump administration warned companies involved in the …

Elshad Nassirov, vice president of Azeri state energy company SOCAR, said on a conference call some of the energy infrastructure involved in shipping Caspian oil and gas to world markets is located in the vicinity of the current military operations. Fifteen servicemen from Azerbaijan and Armenia and one Azeri civilian …