China’s Sinopec Resumes US Oil Imports After 6 Months
Refiner’s action signals that risks of importing U.S. crude have lessened.
April 23, 2019
Asia Pacific
Exxon Mobil Agrees 20-Year LNG Deal With China's Zhejiang Energy
Zhejiang Energy is building a $1.34 billion receiving terminal for the fuel in Wenzhou, in the eastern province of Zhejiang, with annual handling capacity of 3 million tonnes.
April 23, 2019
China To Promote Using Wind Energy To Power Heating
Local governments will be given less than two months to draw up plans and submit them to Beijing.
April 22, 2019
Oil Prices Rise On Report US Will End Iran Sanction Waivers
UPDATED: Oil topped $74 a barrel on April 22, the highest since November, with the United States set to announce a further clampdown on Iranian oil exports, tightening global supplies.
April 21, 2019
Oil Prices Inch Up On Signs Of Tighter Global Supply
Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.
April 19, 2019
South Korea Sets Long-Term Renewable Power Targets
South Korea plans to boost the share of its energy output generated from renewable sources to as much as 35 percent by 2040, a draft revision to government policy showed on April 19, over four times the current amount.
April 19, 2019
BP, Partners Sanction $6 Billion Azeri Central East Development Offshore Azerbaijan
BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea.
April 19, 2019
India Plans New Licensing Round On Revised PSC Norms
The new policy focuses on incentivizing increased investment and production.
April 18, 2019
A&D Transactions From The Week Of April 17, 2019
Here’s a snapshot of energy deals from the past week including the mammoth Chevron-Anadarko Petroleum merger plus Shell’s nearly $1 billion Gulf sale and a Concho Resources midstream JV.
April 17, 2019
Indian Refiners Turn To OPEC, Mexico, U.S. To Make Up Iran Oil Gap
OPEC and other producers including Russia have gradually tightened supply through 2019 to reduce a global glut. OPEC and its partners may not renew the curbs when they expire after June because of the risk of over-tightening the market.
April 17, 2019