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Aramco to Enhance Its Presence in Europe and Africa with Establishment of London Office
March 3, 2020
Aramco Trading Company (ATC) today announces the establishment of its London subsidiary – Aramco Trading Limited (ATL). ATL will be at the forefront of ATC’s business activities in Europe and extended ATC’s operational reach to cover North and West Africa
Worst Oil Week Since 2011 Puts Pressure on OPEC+
February 28, 2020
Oil was on course for its biggest weekly loss since 2011 as the fast-spreading coronavirus roiled global markets, intensifying speculation that OPEC and its allies will strike a deal to support prices. Futures in New York fell a sixth day
AGN Secures Funding for Australian Hydrogen Center in Adelaide
February 25, 2020
Australian Gas Networks (AGN), part of Australian Gas Infrastructure Group (AGIG), has secured funding for the construction of Australian Hydrogen Center, which aims to assess hydrogen potential for local gas networks in South Australia and Victoria. Scheduled for completion by
Guyana Celebrates First Oil Shipment After Major Discovery
February 25, 2020
Guyana’s government on Thursday prepared to sell its first barrels of oil after the discovery of large quantities of oil and gas near the South American country’s coast nearly five years ago. The Department of Energy called the shipment a
China to Allow Tariff Exemptions on U.S. Crude and LNG
February 24, 2020
China on Tuesday said it will start accepting applications for tariff exemptions on 696 US-origin goods, including crude oil, LNG and refined products, from March 2, in a move that will allow it to meet purchase targets under the recent
Australia to Fund Study Into New Coal-Fired Power Station
February 18, 2020
The Australian government will give financial backing to a study into a new coal-fired power plant in Queensland that it said would lower power prices and improve grid reliability, drawing criticism from environmentalists who say it’s not doing enough to
Strata-X and Real Energy Awarded Gas Acreage Offshore Queensland
February 17, 2020
Strata-X Energy, along with Real Energy has been selected by the government of Queensland as preferred bidders for the tender of acreage, dubbed Project Venus. Strata-X will establish 50:50 joint venture with Real Energy for the Project Venus, which is
Equinor Targets Near-Zero Carbon Emissions in Norway By 2050
February 10, 2020
Norway’s state-backed oil and gas giant Equinor has unveiled a long-term strategy to cut greenhouse gas emissions from its domestic operations to “near-zero” by 2050. The plan includes a phased reduction of the carbon imprint of its offshore and onshore
Recon Technology SecuresThree-Year Automation System Bid from PetroChina Jidong Oilfield
February 5, 2020
Recon Technology’s subsidiary Nanjing Recon Technology won the bid to build the automation system for PetroChina Jidong Oilfield Company. The winning price is RMB $9.5 million (approximately $1.36 million) per year, for a three-year construction period from January 1st, 2020
How Coronavirus Crisis is Impacting Chinese Oil Demand and Global Prices
February 4, 2020
The coronavirus outbreak that has now affected almost 17,500 people and claimed more than 360 lives is also having an impact on global oil markets. As China moves to stop the spread of the infection and economic activity in the
