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State-controlled China National Offshore Oil Company (CNOOC) is set to launch a refinery and petrochemicals complex later this year, following a $2.74-billion upgrade, Reuters reported on Tuesday, quoting industry sources. The upgraded joint venture complex on the Daxie Island in Ningbo will feature a 120,000 barrels-per-day (bpd) crude unit, which …

BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Last week, BP said that it is increasing …

China’s authorities have certified 1.3 billion barrels of new reserves at Sinopec’s two shale plays in the eastern part of the country, the Chinese state-controlled giant said on Monday. The new shale oil reserves have been found at the Xinxing field in the Jiyang trough of the Bohai Bay basin …

Europe has been steadily ramping up its wind energy capacity in a bid to support a green transition and reduce its reliance on fossil fuels. In the last quarter of 2023, the region succeeded in producing more power from wind than coal for the first time, and it has since …

Liquefied natural gas imports to China slumped to the lowest since 2020 in February, at 4.5 million tons, Kpler data showed, as reported by Bloomberg. A relatively warm February contributed to the weaker demand, which led to China slipping to the global number-two spot in LNG imports, overtaken by energy-hungry …

Turkey is seeking to maximise the Iraq-Turkey oil pipeline’s capacity as operations resume through Ceyhan, according to Turkish Energy Minister Alparslan Bayraktar. Bayraktar emphasised Turkey’s readiness to resume operations, despite a lack of confirmation on flow resumption, according to a report by Reporter. Turkey halted the operation of the pipeline …

The new German government that will be formed following this weekend’s elections will face an uphill battle to lift Europe’s largest economy out of two consecutive years of recession. Bringing energy costs down will be key to Germany’s economic recovery after three years of spiking and highly volatile power and …

Around 14 years after the Fukushima disaster, Japan is preparing to increase its nuclear power capacity once again, to a mainly negative public reaction. Japan’s government has developed a revision of the country’s basic energy plan, removing the statement that said it planned to decrease its dependence on nuclear power. …

Europe has been steadily ramping up its wind energy capacity in a bid to support a green transition and reduce its reliance on fossil fuels. In the last quarter of 2023, the region succeeded in producing more power from wind than coal for the first time, and it has since …

India’s crude oil imports from Iraq increased in February 2025, according to data from analytics firm Kpler. India’s oil imports from Iraq increased 8.3% this month compared to January, surpassing 1.1 million barrels per day (bpd), the data showed. Conversely, imports from Russia reportedly fell by 14.9% to an average …