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

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BEIJING, China

March 26-28,2025

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Industry News
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26 2019-07

Shale drilling’s worst yet to come, biggest rig owner says

HOUSTON - Americas biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich Payne said he called the bottom too soon. Three months ago, when Helmerich had 22.........

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25 2019-07

EIA: U.S. oil producers increase shareholder distributions

WASHINGTON The U.S. Energy Information Administration reports first-quarter 2019 results for 43 U.S. oil producers indicate they have increased shareholder distributions through dividends an.........

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22 2019-07

Oil pares steep weekly loss as U.S. says it downed Iranian drone

LONDON - Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz, stoking concern crude flows from the Middle East may be disrupted. Futures .........

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19 2019-07

EIA: Summer natural gas prices on track to be the lowest since 1998

WASHINGTON - In its July 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts Henry Hub natural gas spot prices for June, July, and August this y.........

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18 2019-07

U.S. oil lets top Korean refiner pivot away from Middle East

SEOUL (Bloomberg) --South Koreas biggest oil refiner is looking to buy a wider variety of U.S. crude grades in a move that would reduce its reliance on supplies from the conflict-prone Middl.........

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17 2019-07

Oil extends loss as U.S. and Iran signal return to negotiations

NEW YORK and LONDON (Bloomberg) -- Oil extended losses below $60/bbl on the prospect of easing tensions between the U.S. and OPEC member Iran, and as Gulf of Mexico producers began resuming .........

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16 2019-07

Hurricane Barry halts large portion of GOM oil output

SINGAPORE and LONDON (Bloomberg) --Oil traded near $60/bbl after a storm shut almost three-quarters of U.S. Gulf of Mexico crude production, even as lingering demand concerns continue to den.........

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15 2019-07

Tropical storm races toward Louisiana, curbing oil output

BOSTON (Bloomberg) -- Tropical Storm Barry is barreling toward Louisiana and could hit the coastline as a hurricane by Saturday, causing close to $1 billion in damage and worsening flooding .........

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12 2019-07

Tropical storm races toward Louisiana, curbing oil output

BOSTON (Bloomberg) -- Tropical Storm Barry is barreling toward Louisiana and could hit the coastline as a hurricane by Saturday, causing close to $1 billion in damage and worsening flooding .........

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11 2019-07

Oil rides to seven-week high on Gulf storm, tightening U.S. supply

NEW YORK (Bloomberg) -- Oil rode a tide of bullish news to its highest price in almost two months as a potential hurricane roiled the Gulf of Mexico and U.S. crude inventories dropped. Futur.........

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10 2019-07

Mexico’s moratorium on oil auctions gives rival Brazil an edge

RIO DE JANIERO and MEXICO CITY (Bloomberg) -- Mexicos moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. Mexico President.........

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09 2019-07

Iran says seized oil tanker in Gibraltar wasn't sailing to Syria

DUBAI (Bloomberg) -- Iran said an oil tanker that was seized by British forces near Gibraltar wasnt destined for Syria. The ship was navigating in international waters, Deputy Foreign Minist.........

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05 2019-07

Saudi Arabia, Kuwait make breakthrough in neutral zone oil talks

KUWAIT and LONDON (Bloomberg) -- Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a breakthrough .........

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02 2019-07

Marathon Oil closes on sale of its UK business

HOUSTON -- Marathon Oil Corporation (NYSE: MRO) announced today the company has closed on the sale of its UK business, which consists of the Brae area fields and Foinaven, to RockRose Energy.........

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26 2019-06

Why oil's outlook could be even bleaker than expected

SINGAPORE and BEIJING (Bloomberg) -- As storm clouds gather over the worlds top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a ke.........

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