News|China Offshore Engineering Summit

China's shale gas output jumps in 2016

BEIJING, July 10 (Xinhua) -- China produced more shale gas last year, as the worlds biggest energy producer and consumer cleans up its coal-dominated energy mix. Its shale gas yield increased 76.3 percent to 7.9 billion cubic meters in 2016......【more】

2017-08-11

Oil prices fall on OPEC compliance jitters

NEW YORK, Aug. 3 (Xinhua) -- Oil prices fell on Thursday as investors were concerned about output rise from the Organization of the Petroleum Exporting Countries offset. The West Texas Intermediate for September Delivery lost 0.56 dollar to......【more】

2017-08-09

OPEC+ meeting: Countries consider possibility of prolongation of Oil Deal

ST. PETERSBURG, July 24 (Xinhua) -- The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) considers further prolongation of the Declaration of Cooperation, also known an Oil Deal, the Russian Minister of Energy Alexander Novak sai......【more】

2017-08-04

U.S. stocks close mixed on rising oil prices

NEW YORK, June 22 (Xinhua) -- U.S. stocks closed mixed on Thursday as oil prices recovered from previous sessions sharp declines. The Dow Jones Industrial Average was down 12.7 points, or 0.06 percent, to 21,397.29. The SP 500 lost 1.11 poi......【more】

2017-08-01

Myths Versus Facts on Shale Gas at WGC2012

Unconventional Gas ResourcesTransforming the Worlds Energy Land SC ape KUALA LUMPUR， Malaysia， April5， 2012 /PRNewswire-Asia/ --The shale gas revolution in the United States has been described as a ga ME changer， especially in the l......【more】

2017-07-31

Aqualis Offshore signs up to Decom North Sea

LONDON -- Aqualis Offshore UK Ltd has joined Decom North Sea (DNS) the industry trade body to promote decommissioning and reuse opportunities throughout the supply chain. This followed a market review by Aqualis Offshore in Aberdeen, which......【more】

2015-10-20

Oil extends losses as U.S. crude supplies surge most since April

MARK SHENK WASHINGTON, D.C. (Bloomberg) -- Oil extended losses after the biggest U.S. crude stockpile increase in six months bolstered speculation a global surplus will persist. Inventories climbed 7.56 MMbbl last week, the most since April......【more】

2015-10-16

Texas congressman receives industry award

SAN ANTONIO -- Congressman Lamar Smith (Republican Texas, 21st District), chairman of the House Science, Space Technology Committee, was honored on Monday with the presentation of the Congressman of the Year Award by the Texas Alliance of E......【more】

2015-10-14

Gulfport Energy, Rice Energy in Utica shale joint venture

OKLAHOMA CITY -- Gulfport Energy Corp. has executed a Letter of Intent with Rice Midstream Holdings, a wholly owned subsidiary of Rice Energy, to form a midstream joint venture (JV) to develop natural gas gathering and water services assets......【more】

2015-10-13

House votes to lift U.S. oil export restrictions

WASHINGTON -- The House of Representatives has voted in favor of lifting 40-year-old restrictions on exporting U.S crude oil. The vote was welcomed by industry groups and representatives, but critics branded it a piece of meaningless politi......【more】

2015-10-12

House votes to lift U.S. oil export restrictions

WASHINGTON -- The House of Representatives has voted in favor of lifting 40-year-old restrictions on exporting U.S crude oil. The vote was welcomed by industry groups and representatives, but critics branded it a piece of meaningless politi......【more】

2015-10-10

Encana to sell DJ basin assets for $900 million

CALGARY, Alberta -- Encanas wholly owned subsidiary, Encana Oil Gas (USA), has reached an agreement to sell its Denver Julesburg (DJ) basin assets in Colorado to a new entity 95% owned by Canada Pension Plan Investment Board and 5% by The B......【more】

2015-10-09

Brazil oil auction sees weak demand for first blocks offered

RIO DE JANEIRO (Bloomberg) -- Brazils first auction of oil and natural gas exploration rights in two years got off to a weak start with three of the first four basins offered receiving no bids. The sale of 266 exploration blocks began Wedne......【more】

2015-10-08

Oil rises from two-week low as U.S. output, supply seen falling

NEW YORK (Bloomberg) -- Oil climbed from a two-week low amid expectations a government report will show a slowdown in drilling has trimmed U.S. crude supplies -- a sign that the oil glut might finally be shrinking. U.S. stockpiles probably......【more】

2015-09-30

Why Shell quit drilling in the Arctic

NEW YORK (Bloomberg) -- Royal Dutch Shells abrupt announcement today that it would cease all offshore drilling in the Arctic is surprising for several reasons. One is the unusual degree of confidence the company expressed as recently as mid......【more】

2015-09-29