The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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The 26thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

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BEIJING, China

March 26-28,2026

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Industry News
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05 2019-07

Saudi Arabia, Kuwait make breakthrough in neutral zone oil talks

KUWAIT and LONDON (Bloomberg) -- Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a breakthrough .........

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02 2019-07

Marathon Oil closes on sale of its UK business

HOUSTON -- Marathon Oil Corporation (NYSE: MRO) announced today the company has closed on the sale of its UK business, which consists of the Brae area fields and Foinaven, to RockRose Energy.........

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26 2019-06

Why oil's outlook could be even bleaker than expected

SINGAPORE and BEIJING (Bloomberg) -- As storm clouds gather over the worlds top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a ke.........

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24 2019-06

Oil gains as new sanctions set to ratchet up pressure on Iran

SYDNEY (Bloomberg) -- Oil extended its rally after the U.S. said it was preparing new sanctions against Iran, further escalating tensions between the two states. Futures in New York were up .........

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17 2019-06

Oil supply to swamp demand, squeeze OPEC in 2020, IEA says

LONDON (Bloomberg) -- Global oil supplies will increase far more than demand next year with the start of a host of new projects, putting further pressure on the OPEC cartel, the Internationa.........

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11 2019-06

CNOOC to acquire 10% equity interest in Arctic LNG 2

HONG KONG --CNOOC Limited has announced that the Company and CEPR Limited, a wholly-owned subsidiary of the Company, entered into a Share Purchase Agreement with Joint Stock Company Novatek .........

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21 2019-05

Venezuela falls to fourth-largest oil producer in Latin America

HOUSTON (Bloomberg) -- Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take it.........

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20 2019-05

How one village on the Volga sowed chaos in Europe's oil market

MOSCOW (Bloomberg) -- Residents of Nikolayevka havent had much to gossip about since the owner of the vodka museum over on Peoples Friendship Street died, forcing the closure of the only tou.........

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14 2019-05

Saudi Arabia claims oil tankers attacked as Iran tensions rise

DUBAI (Bloomberg) -- Saudi Arabia said two of its oil tankers were attacked while sailing toward the Persian Gulf, adding to regional tensions as the U.S. increases pressure on Iran. Crude r.........

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13 2019-05

Houston Ship Channel still not safe for passage to GOM after oil spill

WASHINGTON (Bloomberg) -- The U.S. Coast Guard said on Saturday its too early to estimate when the Houston Ship Channel can reopen after a collision that spilled about 9,000 bbl of a gasolin.........

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10 2019-05

Iranian crude shipments slump as U.S. oil sanctions bite deeper

LONDON (Bloomberg) -- Irans oil shipments tumbled this month after the U.S. ended sanctions waivers that allowed eight governments to buy from the Persian Gulf country. So far, not a single .........

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09 2019-05

Saudis willing to meet all orders from ex-Iran oil buyers

DUBAI (Bloomberg) -- If you have had to stop buying oil from Iran, Saudi Arabia has you covered, for June, anyway. The worlds biggest oil exporter has received moderate requests from custome.........

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08 2019-05

Shell, Eni execs face corruption allegations over Nigerian oil deal

LONDON and ROME (Bloomberg) -- Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the West African countrys government said in a London .........

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07 2019-05

Activist investor urges Carrizo Oil & Gas to sell

NEW YORK (Bloomberg) -- Activist investor Lion Point Capital has built a position in Carrizo Oil Gas Inc. and wants the driller to explore a sale or merger with another Permian explorer to g.........

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05 2019-05

Equinor profit beats estimates as oil output tops prediction

OSLO (Bloomberg) -- Norways Equinor beat profit and cash-flow estimates after pumping more oil and gas than predicted. First-quarter results at the state-controlled producer cap a mixed seri.........

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