China
Finance , Investment , Crude Oil
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
Discoveries
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
Transactions , Shale Plays , CERAWeek
CERAWeek: Exxon Mobil CEO Says Not Trying to Acquire Hess
CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.'s Guyana assets in its dispute with Chevron, not buy the company itself.
Field Development , Natural Gas
Sinopec Brings West Sichuan Gas Field Onstream
The 100 Bcm sour gas onshore field, West Sichuan Gas Field, is expected to produce 2 Bcm per year.
International , Energy Transition , Emissions , Liquefied Natural Gas (LNG) , Legislation , Health, Safety & Environment
Hirs: LNG Plan is a Global Fail
Only by expanding U.S. LNG output can we provide the certainty that customers require to build new gas power plants, says Ed Hirs.
Crude Oil , International
What's Affecting Oil Prices This Week? (March 11, 2024)
Stratas Advisors expects oil prices to move higher in the middle of the year, but for the upcoming week, there is no impetus for prices to raise.
Crude Oil , International
Oil Market Shifting Back to Supply/Demand
Stratas Advisors' John Paisie forecasts the price of Brent crude to increase during the second and third quarters of this year and move toward $90/bbl.
Discoveries , Field Development
CNOOC Finds Light Crude at Kaiping South Field
The deepwater Kaiping South Field in the South China Sea holds at least 100 MMtons of oil equivalent.
Crude Oil , International
What's Affecting Oil Prices This Week? (March 4, 2024)
For the upcoming week, Stratas Advisors expect the price of Brent will move sideways and will struggle to break through $85.
Solar , Wind , RNG , Energy Storage , Hydrogen , Renewables
Energy Transition in Motion (Week of March 1, 2024)
Here is a look at some of this week’s renewable energy news, including Chevron’s plans for a solar-to-hydrogen facility in California.