CNOOC, China's biggest operator of liquefied natural gas (LNG) import terminals, is talking to independent companies about access to its facilities after short trial leases last year, three sources said.
High-sulfur fuel oil demand will fall 60 percent next year while marine gasoil demand will more than double due to new international regulations on shipping fuel, the International Energy Agency said.
When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed. In reality, the giant oil majors suffered most -- burdened by expensive mega-projects, Chevron Corp., BP Plc and the rest struggled to adapt to the fall in energy prices.
Petroleo Brasileiro SA plans to implement a voluntary redundancy program and cost-cutting measures aimed at shaving $8.1 billion off its budget for the next five years.
The Clean Water Partnership (CWP), a 30-year community-based public-private partnership between Prince George’s County, Maryland and Corvias, said it has completed its initial pilot phase.
Russian Prime Minister Dmitry Medvedev said that Moscow was ready to keep gas transit through Ukraine after 2019, despite the construction of Nord Stream 2 pipeline.
The Harris County Flood Control District, whose systems were overwhelmed by Hurricane Harvey in 2017, is set to begin a $400,000 study into the feasibility of constructing large-diameter, deep underground stormwater conveyance tunnels.
China will announce a plan this year to form a national oil and gas pipeline group combining the long-distance pipeline assets of the country’s state-owned energy companies, in the sector’s largest reshuffle in two decades, said three persons with knowledge of the plan.
Executives from leading oil and gas companies including Eni, ExxonMobil, Hellenic Petroleum, Noble Energy and Total are gathering in Cyprus to discuss the industry’s future direction in the Eastern Mediterranean.
The backlash against shale drilling in earthquake-prone regions -- a thorn in the side of U.S. energy companies for the past decade -- reached China this week after a series of temblors killed two people and reduced homes to rubble.
Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil.
Despite severe US sanctions, President Maduro is standing firm. But how long can the political impasse last while oil production continues to decline?
More than 1,000 middle-school girls have joined ExxonMobil for the company’s 16th annual Introduce a Girl to Engineering Day, which aims to inspire female students to consider engineering as a career.
Marathon Oil Corporation has announced the company has entered into a share purchase agreement through its subsidiaries for the sale of its UK businesses Marathon Oil U.K. LLC (MOUK) and Marathon Oil West of Shetland Limited (MOWOS). The transaction represents a complete country exit for Marathon Oil.
McDermott International, Inc. has announced a substantial* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia.
Somewhat to its own surprise, the U.S. Energy Information Administration (EIA) estimates that U.S. crude oil production averaged 12.0 MMbpd in January, up 90,000 bpd from December 2018’s level, and setting yet another all-time U.S. oil output record. This breaks the previous record of 11.91 MMbopd set in December.