CNOOC. parent of CNOOC Ltd. is China’s largest operator of LNG import terminals.
Read More »ExxonMobil to Start Drilling Off Shore in Guyana
ExxonMobil spent about US$24 million with more than 300 local suppliers in 2017.
Read More »China Imports More Oil and Gas from the U.S.
Gas is increasing in demand as the Chinese government moves to replace coal to combat air pollution.
Read More »Asia Markets Mostly Up after Wall St Surge. Iran Fears Boost Oil
Traders are also nervously awaiting Trump'.s decision on whether or not to continue with the Iran nuclear deal. which he has in the past derided.
Read More »Sinopec Plans to Cut Saudi Crude Oil Volumes for Second Month in June
Saudi prices set the trend for Iranian. Kuwaiti and Iraqi prices. affecting more than 12 million bpd of oil bound for Asia.
Read More »Shell-CNOOC JV Launches 2nd Ethylene Cracker
The new ethylene cracker will increase the ethylene capacity by around 1.2 million metric tons per year.
Read More »Iraq Extends International Oil Auction
The region'.s second-largest producer had earlier invited bids by April 15.
Read More »China`s Oil Giant Plans LNG Sale
Natural gas shortages this winter caused chaos. cutting off supplies to industrial users and causing big spikes in prices.
Read More »China`s Energy Giants Return to Market as LNG Sellers
LNG industry executives are unfazed. despite China’s role in reviving global cargo trade and boosting prices.
Read More »Russia Remains China`s Top Oil Supplier
In 2017. U.S. shipments. which benefited from OPEC-led supply cuts. averaged about 153.000 bpd.
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