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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 2018-11

As oil plunges, the real OPEC meeting will be at next week's G20

LONDON (Bloomberg) -- For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule. The cartel is set to meet on Dec. 6 in Vienna, but days earlier the key deci.........

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22 2018-11

Major storm shuts all of Eastern Canada's crude oil production

NEW YORK (Bloomberg) -- A huge low-pressure system that swept through Canadas Atlantic seaboard last week shut all of the regions oil production. Only one field has restarted service in the .........

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20 2018-11

Oil regains ground as capacity warnings counter Russia questions

NEW YORK CITY (Bloomberg) -- Oil prices regained ground after an earlier slide, as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production. Fu.........

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16 2018-11

Citi says oil's record plunge is a U.S. phenomenon

SINGAPORE (Bloomberg) -- American fingerprints are all over oils record losing streak thats plunged prices into a bear market. The State Departments zigzag on Iran sanctions, President Donal.........

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15 2018-11

Penspen secures $70 million contract with ADNOC Onshore

LONDON -- Penspen, a leading global provider of engineering and project management services to the energy industry, has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) Onsh.........

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14 2018-11

Shale oil's good, but it's not here to stay

LONDON (Bloomberg) -- U.S. shale may be the darling of the oil industry right now, but the boom isnt going to last, according to the International Energy Agency. The richest areas will have .........

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13 2018-11

Oil halts record losing streak as Saudis advocate supply cuts

NEW YORK (Bloomberg) -- Oil climbed the most in 2 1/2 weeks, halting an unprecedented decline, as Saudi Arabia pledged to curb output and urged allied crude producers to follow suit. Futures.........

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08 2018-11

South Sudan oil outlook hinges on shaky peace deal, WoodMac says

JOHANNESBURG (Bloomberg) -- South Sudans optimism about restoring oil output to 350,000 bpd depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie L.........

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07 2018-11

Iraq to boost oil sales to China by 60%

BEIJING (Bloomberg) -- Iraq aims to supply China with about 60% more crude next year, as OPECs second-biggest supplier double downs on its main market in Asia, according to the head of the s.........

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02 2018-11

Pioneer announces sale of South Texas oil assets for $132 million

DALLAS -- Pioneer Natural Resources Company has announced that it has signed a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in Sinor Nest.........

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01 2018-11

Colombia plans Mexico-style oil hedge after recent volatility

BOGOTA (Bloomberg) -- Colombia is planning to hedge its oil exports to protect the government from the violent swings in revenue it suffered in recent years. The financing bill to be present.........

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30 2018-10

Brazil gets oil windfall as output poised to soar

RIO DE JANEIRO (Bloomberg) -- Brazils President-elect Jair Bolsonaro is staring at an oil windfall. After a decade of stagnant production, Brazilsoffshoremega-projects are about to deliver a.........

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25 2018-10

Trump approves plan for oil production facility on manmade Arctic island

WASHINGTON (Bloomberg) -- The Trump administration has authorized Hilcorp Energy Co.s plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crud.........

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19 2018-10

Oil trades near one-month low after U.S. crude stockpiles surge

LONDON (Bloomberg) -- Oil traded near the lowest level in a month after a bigger-than-expected gain in American stockpiles overshadowed tensions between the U.S. and Saudi Arabia over a miss.........

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18 2018-10

Oil falls after U.S. stockpiles swell for fourth straight week

NEW YORK (Bloomberg) -- Oil posted the biggest decline in two months after U.S. government data showed expanding crude stockpiles. Futures fell 3% in New York on Wednesday. Domestic crude in.........

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