The Annual World's Leading Event For Oil & Gas Industry
The 25th China International Petroleum & Petrochemical Technology and Equipment Exhibition

Beijing, China

March 26-28,2025

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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.........

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29 2023-12

EIG acquires Brazilian offshore oil, gas solutions provider Ocyan for $390 million

(WO) – EIG has entered into definitive agreements with Novonor S.A. and Brazilian Development Bank (“BNDES”) to acquire Ocyan Participações S.A., a Brazilian-.........

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22 2023-12

Angola quits OPEC amid dispute over oil production quotas

(Bloomberg) — Angola announced it’s leaving OPEC following 16 years of membership amid a dispute over oil production quotas, while the cartel tries to buoy global prices.Luanda h.........

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14 2023-12

ExxonMobil, Neptune Energy progress large-scale CCS project in Danish North Sea

(WO) – L10CCS, one of the large stores to be connected to the Aramis CO₂ transport and storage initiative in the Dutch part of the North Sea, has entered the next phase in the project,.........

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11 2023-12

Concerns mount over Chevron-Hess merger amidst Guyana geopolitical risks

(Bloomberg) — Traders are more jittery than ever about the outcome of Chevron Corp.’s proposed $53-billion takeover of Hess Corp. as Venezuela threatens to seize mineral-rich reg.........

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06 2023-12

bp spuds first production well from "giant" oil, gas field offshore Azerbaijan

(WO) – As operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development project, bp announced that the first production well was spudded from the new Azeri Central East (ACE).........

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24 2023-11

Eni’s Baleine field offshore Africa “far exceeding” initial oil production predictions

(WO) – The President of the Republic of Côte d’Ivoire Alassane Ouattara and Eni CEO Claudio Descalzi met in Abidjan to celebrate oil production start-up from the Baleine fi.........

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10 2023-11

Aker BP, Aibel celebrate steel cut for “first-of-its-kind” production platform offshore No

(WO) – On Thursday 2 November, Aker BP and Aibel celebrated the first steel cut for the Munin platform in Thailand. Thai monks blessed the steel in a formal ceremony before constructio.........

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02 2023-11

Eni selects SLB to deliver methane emissions measurement, reporting plans for global oil,

(WO) —SLB’s End-to-end Emissions Solutions business (SEES) has been selected by Eni to deliver comprehensive fugitive methane emissions measurement and reporting plans for Eni&rs.........

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26 2023-10

Oil industry leaders back GOP candidates Haley, DeSantis for 2024 presidential election

(Bloomberg) – Oil industry leaders contributed top dollar to President Donald Trump in 2020. But now oil and gas titans are underwriting his GOP rivals instead.Florida Governor Ron DeS.........

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12 2023-10

Oil prices will surge if Iran is swept into war, shale tycoon warns

(Bloomberg) – Oil prices will surge if the Israel-Hamas war escalates to include Iran, according to shale magnate Scott Sheffield.The founder and Chief Executive Officer of Pioneer Natural R.........

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09 2023-10

API: Gulf of Mexico restrictions negatively impact U.S. oil, gas production, analysis show

WASHINGTON, October 6, 2023 – The American Petroleum Institute (API) released new analysis that outlines the potential consequences of new vessel restrictions on American oil and gas w.........

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26 2023-09

China's central bank adds liquidity via reverse repos

BEIJING, Sept. 26 (Xinhua) -- China's central bank conducted 378 billion yuan (about 52.72 billion U.S. dollars) of 14-day reverse repos at an interest rate of 1.95 percent Tuesday.The m.........

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30 2023-08

Oil industry leaders to bid on offshore wind leases in Gulf of Mexico

(Bloomberg) – The Gulf of Mexico has been a hub for U.S. oil production for decades. A government auction Tuesday could make it a nexus for offshore wind, too.More than a dozen companies hav.........

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18 2023-08

China Southern Petroleum E&D Co. and bp (China) sign MOU on Hainan Low-Carbon Cooper

On March 17, CNPC's China Southern Petroleum Exploration & Development Corporation (or China Southern Petroleum E&D Co.) and bp (China) signed a memorandum of understanding on Hainan low.........

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