CNOOC Starts Heavy Crude Production at China’s Largest Shallow Oil Field
CNOOC Ltd, China’s top offshore crude oil and natural gas producer, has launched production of heavy crude from its Kenli 10-2 Oilfields Development Project, which is the largest shallow lithological…
Indonesia Forges $8 Billion Refinery Deal with U.S. Firm
Indonesia prepares to sign an $8-billion contract with U.S. engineering company KBR Inc to help it build 17 modular refineries, as part of the U.S.-Indonesia trade deal, Reuters reported on…
China’s Teapot Refiners Stage Surprising Comeback
Small refiners in the Shandong province, home to China’s independent refineries, are restarting operations under new ownership in a move that could exacerbate China’s overcapacity and thin-margin problems. Three refineries…
Analyst Explores Natural Gas Price Drop
In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, offered an explanation for the August natural gas contract…
SLB awarded carbon storage contract by UK CCS partnership
Global energy technology company SLB has been awarded a technologies and services contract for carbon storage site development in the North Sea by the Northern Endurance Partnership (NEP), a joint…
Philippines Coal Power Set for Rare Decline as Gas Generation Rises
The Philippines, one of the world’s most coal-dependent power markets, has boosted LNG imports and gas-fired power generation in recent years, to the point of being on track to see…
Investor Confidence Fuels Nuclear Fusion Frenzy
Investments in fusion technology have jumped by $2.6 billion in the year to July, the most since 2022, the Fusion Industry Association said in a new report on Tuesday, noting…
UK CO2 supply strain exposes dependency on big producers
Carbon dioxide supply is tightening across the UK, with industry sources warning that the system remains highly vulnerable to disruption. While seasonal dips in supply are expected in summer, producers…
Where Will USA EPS Electricity Generation Come From in 2025?
In its latest short term energy outlook (STEO), which was released earlier this month, the U.S. Energy Information Administration (EIA) projected that total U.S. electricity generation from the electric power…
Turkey Seeks Expanded Oil Cooperation With Iraq
Turkey has proposed a new energy cooperation deal to Iraq that expands on their previous relations in that sector, a government official in Baghdad told Reuters following the news that…
