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The 25thChina International Explosion Protection and Electric Technology & Equipment Exhibition

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BEIJING,CHINA

March 26-28,2025

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Industry News
The following is the news list page
28 2015-12

Oil bankruptcies reach highest quarterly level since recession

HOUSTON (Bloomberg) -- Bankruptcies among oil and gas companies have reached quarterly levels last seen in the Great Recession, according to the Federal Reserve Bank of Dallas. At least nine.........

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25 2015-12

Export change means more tankers may leave U.S. carrying crude

NEW YORK (Bloomberg) -- The days of empty oil tankers leaving the Houston Ship Channel are over. Now that the U.S. has ended crude export restrictions after 40 years, tankers bringing crude .........

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24 2015-12

First U.S. crude oil set to be exported in January after law change

HOUSTON -- Enterprise Products Partners has secured its first contract to export crude oil produced in the U.S. under a law enacted last week. The law, which was signed by President Obama on.........

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23 2015-12

Fugro wins contract for Exxon’s deepwater Guyana oil development

HOUSTON -- Fugro has been awarded a contract by Esso Exploration and Production Guyana Ltd., an Exxon Mobil affiliate, for survey services at a deepwater field development offshore Guyana. T.........

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22 2015-12

Shell-BG deal not yet in bag amid fears of further oil slump

LONDON (Bloomberg) -- Royal Dutch Shell Plc is on the brink of pulling off its biggest acquisition. Yet the widening discount of target BG Group Plc to the offer price shows that a further s.........

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21 2015-12

Libya's Eastern Oil Company to sign oil sales amid UN peace deal

DUBAI (Bloomberg) -- The National Oil Corp. affiliated with the internationally recognized government in eastern Libya said it will sign agreements with six companies to sell the countrys cr.........

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18 2015-12

Algeria to boost 2016 oil output, offer rights amid global glut

ALGIERS (Bloomberg) -- Algerias state oil producer Sonatrach Group plans to raise crude output by 5% next year and offer energy-exploration rights to foreign companies by the end of March, s.........

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17 2015-12

Crude price no obstacle as Mexico sells all areas auctioned

MEXICO CITY (Bloomberg) -- The opening of Mexicos oil industry is warming up after a slow start. Mexico awarded all of its 25 onshore fields auctioned Tuesday, defying the six-year low in cr.........

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16 2015-12

Oil rout to claim more victims after first Norway bankruptcy

OSLO, Norway (Bloomberg) -- The collapse of oil prices has claimed its first bankruptcy victim in Norways offshore industry, and analysts warn more may follow. Dolphin Group ASA, a seismic s.........

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15 2015-12

House Democrats said to be open to lifting U.S. oil export ban

WASHINGTON (Bloomberg) -- House Democrats are now open to lifting the 40-year-ban on U.S. crude-oil exports, negotiating with Republicans in hopes of extracting trade-offs in exchange for a .........

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14 2015-12

Congress eyes tax break for oil refiners in exchange for crude oil exports

WASHINGTON D.C. (Bloomberg) -- Lawmakers in Washington are pushing a tax break for oil refiners as part of a compromise allowing unfettered crude-oil exports for the first time in 40 years. .........

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11 2015-12

Oil giants pledge deeper spending cuts amid prolonged slump

CHICAGO (Bloomberg) -- Some of the biggest oil explorers in the Western Hemisphere are cutting budgets yet again to conserve cash as a plunge in energy markets shows no signs of abating. Con.........

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10 2015-12

Statoil seeks Tanzanian clarification on impact of new oil law

DAR ES SALAAM, Tanzania (Bloomberg) -- Statoil ASA is seeking clarification on Tanzanias new petroleum law and wants to learn how it will affect companies like itself already operating in th.........

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09 2015-12

Canada's oil industry swoons again with crude below $40/bbl

CALGARY (Bloomberg) -- For Canadas oil industry, the bad news wont stop. With OPECs decision on Friday to keep pumping oil in the face of a glut and prices for the commodity falling to their.........

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08 2015-12

OPEC unshackled from quota could add millions of barrels in 2016

VIENNA, Austria (Bloomberg) -- OPECs new free-for-all production stance could lift the lid on millions of barrels of additional crude supply next year. Everyone does whatever they want now t.........

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