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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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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17 2018-10

Oil drops as swelling U.S. crude inventories signal ample supply

NEW YORK (Bloomberg) -- Oil declined on concerns that U.S. crude stockpiles are expanding at a rate not seen since early 2017 as American drillers lift output to unprecedented levels. Future.........

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16 2018-10

Oil sheds gains after Trump turns down heat in Saudi dispute

NEW YORK (Bloomberg) -- Oil surrendered most of its early gains after tensions appeared to ease between the U.S. and Saudi Arabia amid growing international outrage over the disappearance of.........

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15 2018-10

100 MMbbl: The world hits daily oil, liquids record

SINGAPORE (Bloomberg) -- The world is pumping out more oil and other petroleum liquids than ever before. Global supply rose to 100.3 MMbpd in the third quarter, the International Energy Agen.........

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12 2018-10

Wildcatters still a gamble for investors despite oil's rise

JOHANNESBURG (Bloomberg) -- Higher oil prices may seem like the pot of black gold at the end of the rainbow for wildcat explorers in frontier plays. But even with talk that prices of $100/bb.........

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11 2018-10

Trump still doesn't like the price of oil, even as it falls

NEW YORK (Bloomberg) -- This time it wasnt a tweet. President Donald J. Trump is again saying oil prices are too high, even after West Texas Intermediate crude dropped from a four-year high .........

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10 2018-10

Decline rates from maturing oil wells in the Permian are on the rise

NEW YORK (Bloomberg) -- Oil producers in the Permian basin and elsewhere could soon find themselves facing the oilfield equivalent of trying to walk up the down escalator. The oil industry, .........

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09 2018-10

Oil declines on hopes for U.S. waivers on Iran, Saudi assurance

LONDON (Bloomberg) -- Oil fell to the lowest in a week in London on renewed hopes the U.S. may soften the blow of sanctions on Irans crude exports, and as Saudi Arabia promised to fill any s.........

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08 2018-10

Saudi prince sees deal with Kuwait to restart oil fields "soon"

(Bloomberg) -- Saudi Arabias crown prince said hes getting close to striking a deal with Kuwait about two jointly owned fields that can produce half a million barrels a day of crude. We beli.........

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26 2018-09

Iranian oil tankers go dark with six weeks to go until sanctions hit

LONDON (Bloomberg) -- Irans oil tankers are starting to disappear from global satellite tracking systems with just under six weeks to go until U.S. sanctions are due to hit the countrys expo.........

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25 2018-09

Anglo African Oil & Gas provides update on drilling program in the Congo

LONDON -- Anglo African Oil Gas plc, an independent oil and gas developer, has announced that the construction of the extended pad at Tilapia field, in the Republic of the Congo has been com.........

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21 2018-09

Exxon among majors to join Oil and Gas Climate Initiative

IRVING, Texas -- ExxonMobil said it will join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the worlds largest oil and gas producers working collaborat.........

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20 2018-09

Riverstone plans $900-million sale of oilfield services equipment company

NEW YORK (Bloomberg) -- Riverstone Holdings LLC is preparing to sell oilfield services equipment company Abaco Energy Technologies, which could fetch about $900 million, according to people .........

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