US senators want to eliminate tax deductions for oil companies

Democratic Senate Caucus Says “Public Opinion Is Against Oil Companies” Amid Soaring Gasoline Prices Nationwide and Firms Claiming Record Profits from Rising Energy Prices for US oil companies, which are currently making record profits.

05 December 2022
Norway suspends issuance of new licenses for oil and gas exploration until 2025

Norway is suspending the issuance of new oil and gas exploration licenses for another three years, until 2025, according to the Financial Times.

30 November 2022
CNPC increases oil and natural gas production at Tagrinskoye field to record level

The level of production at the Tarim oil field, managed by the China National Petroleum Corporation (CNPC), the leading oil and gas company in China, amounted to 6.6 million tons of oil in 2022, which is a record, China Media Group (CMG) reported with reference to CNPC.

29 November 2022
QatarEnergy and Sinopec sign an agreement to supply China with 4 million tons of LNG per year for a period of 27 years

QatarEnergy has signed a 27-year purchase and sale agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons of LNG per year to the People’s Republic of China.

21 November 2022
A-Energy introduced new oilfield equipment

The company clients and partners got to see demonstration models of valve manifold and vertical and positive Xmas Tree Assemblies.

21 November 2022
OPEC members cut oil supplies in early November

OPEC countries significantly reduced oil exports in November, the tanker tracking service Petro-Logistics reported.

16 November 2022
Eni division received two 1m bbl shipments for loading in November

Venezuelan oil supplies are being resumed by the Italian energy company Eni, Reuters reports, citing the Venezuelan PDVSA.

11 November 2022
Hainan has become an ideal place for oil and gas investments

According to statistics, by the end of 2021, there were 57 large companies in the oil and gas and petrochemical sector of Hainan.

11 November 2022