The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 25thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

ufi

BEIJING, China

March 26-28,2025

LOCATION:HOME> News> Industry News
Industry News
The following is the news list page
08 2024-01

China's shipbuilders lead global race

A view of an FPSO vessel which is close to completion in Qidong, Jiangsu province. XU CONGJUN/FOR CHINA DAILYSupply chain growth, green shift, tech edge, market expansion are big factorsChin.........

see more >>
05 2024-01

CNOOC's deep water oilfield project in Brazil starts production

CNOOC booth at an expo held in Shanghai on June 9, 2021. [Photo/VCG]China National Offshore Oil Corp has further expanded its presence in Brazil's deep water pre-salt oilfields following.........

see more >>
05 2024-01

CNPC lead contractor of Iraq oilfield

Representatives attend a handover ceremony in Basra, Iraq, on Jan 1, 2024. China's leading oil and gas producer, China National Petroleum Corp officially took over from US oil giant Exxo.........

see more >>
29 2023-12

QatarEnergy to supply crude oil to Shell for five years in “first ever” contract agreement

(WO) – QatarEnergy has announced a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell).The agreement stipulates the supply of up to.........

see more >>
22 2023-12

Valaris takes delivery of newbuild drillships VALARIS DS-13 and DS-14

(WO) — Valaris Ltd. has exercised its options and taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million.“We .........

see more >>
15 2023-12

Shell acquires 100% interest in Kaikias field in U.S. Gulf of Mexico

(WO) − Shell Offshore Inc., a subsidiary of Shell plc, has acquired the 20% Working Interest (WI) of MOEX North America LLC, a 100% subsidiary of Mitsui & Co., Ltd., in the Kaikias fie.........

see more >>
11 2023-12

Permian driller Endeavor Energy explores potential $30 billion sale

(Bloomberg) — Endeavor Energy, the largest closely-held oil and gas company in the Permian basin, is exploring a sale that could value it between $25 billion and $30 billion, according.........

see more >>
06 2023-12

Decarbonization alliance commits to reducing emissions by over 50% by 2030

(WO) – Over 60 top executives and knowledge partners of the Alliance for Industry Decarbonization (AFID) held a roundtable at COP28 on Dec. 5 and committed to raising decarbonization a.........

see more >>
24 2023-11

Oxy, Talos, others shut offshore production following Gulf of Mexico oil spill

(Bloomberg) – Occidental Petroleum Corp, W&T Offshore Inc and Talos Energy are among oil drillers that shut offshore production following an oil spill in the U.S. Gulf of Mexico. Produ.........

see more >>
10 2023-11

CRP Subsea makes “significant” investment to expand polyurethane molding manufacturing fac

(WO) – CRP Subsea, an AIS company, has made a significant investment to expand its polyurethane molding manufacturing facility. This expansion reflects CRP Subsea's commitment to m.........

see more >>
03 2023-11

PETRONAS, Ping Petroleum to boost production from mature Abu field offshore Malaysia

(WO) – PETRONAS recently signed a Late Life Asset Production Sharing Contract with Ping Petroleum Sdn. Bhd. for the Abu Cluster offshore Peninsular Malaysia.The Abu Cluster is made up .........

see more >>
27 2023-10

Affordability is main challenge in energy transition, Shell CEO says

(Bloomberg) – Shell Plc Chief Executive Officer Wael Sawan told the company’s staff that he “believes in urgent climate action,” while shifting focus toward its core .........

see more >>
12 2023-10

ExxonMobil increases Permian presence with $60 billion Pioneer Natural Resources all-stock

(WO) – Exxon Mobil Corporation and Pioneer Natural Resources jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued a.........

see more >>
09 2023-10

Deepwater Executive Summit to bring offshore oil, gas industry together for shared learnin

(WO) – The Deepwater Executive Summit (DES) will bring the industry’s most active companies together for shared learning, best practices and networking. DES will take place on No.........

see more >>
30 2023-08

U.S. shale reinvestments surge at “fastest rate in three years,” Rystad report finds

(Bloomberg) – U.S. independent shale oil producers invested in output growth in the second quarter at the fastest rate in three years, a departure from the fiscal discipline that’s been th......

see more >>