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 2018-01

China passes South Korea as No. 2 LNG importer

SINGAPORE and SHANGHAI (Bloomberg) --Chinas General Administration of Customs just confirmed what liquefied natural gas industry insiders have been speculating for weeks: Theres a new No. 2 .........

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22 2018-01

Waters near Florida still being considered for oil drilling

WASHINGTON (Bloomberg) --Despite Interior Secretary Ryan Zinkes Jan. 9 declaration that Florida is off the table for offshore oil drilling, that activity is actually still on the table. The .........

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18 2018-01

Oil extends slide on speculation hedge-fund buying went too far

LONDON (Bloomberg) --Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback. U.S. futures .........

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17 2018-01

Oil slips from three-year high as market seen vulnerable to pullback

LONDON (Bloomberg) --Oil slipped from a three-year high amid speculation that a surge in hedge-fund buying had pushed prices up too quickly. U.S. crude futures lost 0.4% while in London Bren.........

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16 2018-01

ExxonMobil encounters hydrocarbons onshore Papua New Guinea

IRVING, Texas -- ExxonMobil today announced that it encountered hydrocarbons after drilling the onshore Pnyang South-2 well, located in the Western Province of Papua New Guinea. We are curre.........

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15 2018-01

Fracers arise from oil-price rout on a course to dominate 2018

HOUSTON (Bloomberg) --Less than two weeks in, 2018 is shaping up to be the year of the fracer. The worlds two biggest oilfield service providers, Schlumberger Ltd. and Baker Hughes, are the .........

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12 2018-01

Simmons Edeco recognized for international growth

CALGARY -- Simmons Edeco, a leading supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it .........

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11 2018-01

Oil rises from three-year high as U.S. stockpiles seen plunging

LONDON (Bloomberg) --Oil extended gains from the highest close in more than three years as U.S. industry data signaled crude stockpiles dropped an eighth week. Futures climbed as much as 1.1.........

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10 2018-01

U.S. crude output on track to rival giants Russia, Saudi Arabia

NEW YORK (Bloomberg) --The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the worlds largest oil producer. U.S. output will rise to 10 MMbpd as soon a.........

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08 2018-01

API: New offshore energy plan will strengthen U.S. energy security

WASHINGTON -- API welcomed the Interior Departments new proposal for a five-year offshore oil and natural gas leasing plan to allow greater access to energy resources in the U.S. Outer Conti.........

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03 2018-01

Oil's famous five: People who could define the market in 2018

LONDON (Bloomberg) --Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in U.S. shale? Is it possible for the economic collapse of a major.........

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02 2018-01

A guide to Mideast markets in 2018

DUBAI (Bloomberg) --For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king. In the past 12 mon.........

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27 2017-12

Libya's oil output revival thwarted by pipeline explosion

CAIRO (Bloomberg) --Libyas oil industry revival suffered a setback Tuesday after an explosion at a pipeline carrying crude to the OPEC nations biggest export terminal. Oil rallied as a resul.........

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26 2017-12

Iraq's oil minister says he's optimistic crude prices will rise

BAGHDAD (Bloomberg) --Iraqs Oil Minister Jabbar Al-Luaibi said hes optimistic crude prices will rise in 2018, with global stockpiles falling and demand on the rise in China and India. I am v.........

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25 2017-12

China's winter misery brings LNG traders gift of volatility

SINGAPORE and SYDNEY (Bloomberg) --Chinas self-inflicted heating crisis this winter signals deeper seasonal price swings that may be a boon for liquefied natural gas traders. The arrival of .........

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