News

Wood Group supports MWCC’s well containment training

ABERDEEN, United Kingdom -- Wood Group has been awarded a contract with Marine Well Containment Company (MWCC) to provide an operator training simulator; supporting training for containment in the event of a deepwater well control incident......【more】

2015-09-28

Troll field marks 20 years since first oil

STAVANGER, Norway -- This week marks 20 years since the start of oil production from Troll field in the Norwegian sector of the North Sea, Statoil said Friday. To date, the field has produced 1.56 Bbbl of oil and generated NOK 460 billion i......【more】

2015-09-28

Shale producers clobbered by oil rout face added Iran supply

Shale oil producers already awash in a supply glut face added crude as early as next year after an agreement to ease sanctions on Iran cleared a Senate obstacle. A Senate vote Thursday paved the way for President Barack Obama to ease financ......【more】

2015-09-14

CNOOC sends drill model to Karamay

China National Offshore Oil Corporation sent a model No 981 deepwater semi-submersible drill to Karamay oilfield, at the 2015 China (Karamay) International Petroleum and Petrochemical Exhibition on Sept 1, Karamay Daily reported on Sept 2.......【more】

2015-09-11

World leading companies exhibit at Karamay

The China (Karamay) International Petroleum and Petrochemical Equipment Exhibition(CIPPE) opened on Aug 31 in Karamay. Many globally known companies such as Halliburton and SAACKE, can be found at this years exhibition. This is so exciting......【more】

2015-09-11

Jereh launches waste treatment solution

Jereh, a high tech company from Shandong, released a new treatment solution for oily waste at Karamay Exhibition Center. The new technology is called heat, separation, absorption . By heating oily waste, the oil is steamed out of the waste......【more】

2015-09-11

Young kids contributes to Karamay's petroleum industry

1958 witnessed the third anniversary of the Karamay Oilfield. With fierce competition, the departments of Karamay Oilfield made a lot of innovations and the June 1 factory was among the many attempts. The June 1 factory was composed of pupi......【more】

2015-09-11

Sudan announces new partnership with China

Sudan announced a new partnership with China to enter into new oil exploration projects and natural gas production at fields in eastern, central and western Sudan, official SUNA news agency reported. China has agreed to enter into new oil e......【more】

2015-09-11

Retired oilfield leaders visit Karamay

A delegation of retired oilfield leaders attended the celebration on the 60th anniversary of the Karamay Oilfield on Aug 30 and 31, Karamy Daily reported on Sept 1. They visited the science and technology hall, library, black oil seniors co......【more】

2015-09-11

State-owned enterprises will soon see key reform

An experimental arrangement will play a crucial role in the next stage of the reform of state-owned enterprises, according to informed sources in Beijing. The introduction of a golden share - a type of preferred share held by the government......【more】

2015-09-11

China approves shale gas deal with CNPC: Shell

BEIJING, March 27 (Xinhua) -- Royal Dutch Shell announced Wednesday that the Chinese government has approved the companys shale gas exploration deal with the China National Petroleum Corporation (CNPC). Huibert Vigeveno, chairman of Shell C......【more】

2014-09-26

News Analysis: Aussie PM keen on business, but climate change likely to dominate U.S. tour

CANBERRA, June 11 (Xinhua) -- Australian Prime Minister Tony Abbott has begun the United States leg of his North American tour, repeating his now familiar refrain that Australia was open for business. But his visit is likely to be dominated......【more】

2014-09-26

Canadian stock market plummets on B.C. gas project, U.S. data

TORONTO, Sept. 25 (Xinhua) -- Canadas main stock market dropped for a fifth straight session on Thursday, nearing a three-month low, as sluggish U.S. economic data weighed on sentiment and doubts were raised about the liquefied natural gas......【more】

2014-09-26

China to beat shale gas production target: report

BEIJING, March 1 (Xinhua) -- China is likely to beat its shale gas production target in 2015, after one of the countrys major oil firms moved a step closer in tapping into the new energy. China National Petroleum Corporation (CNPC), the cou......【more】

2014-09-26

British government gives shale gas green light

ONDON, April 24 (Xinhua) -- The British government said its time to get ready for shale gas after a supply chain report showing huge potential economic benefits to the countrys economy on Thursday. Shale gas could create a new onshore suppl......【more】

2014-09-26