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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29 2019-04

Oil patch shifts from growth to cash flow as U.S. rig count falls

HOUSTON (Bloomberg) -- Oil explorers idled rigs in the U.S. for a second consecutive week as operators shifted focus from production growth to cash flow. Working oil rigs fell by 20 this wee.........

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28 2019-04

Total’s cash flow up as record output offsets lower oil price

PARIS (Bloomberg) Total SA boosted cash flow in the first quarter as record hydrocarbon output and soaring sales of liquefied natural gas compensated for a drop in crude prices. The French e.........

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26 2019-04

Nigeria plans to double crude oil production, triple refining in bid for self-reliance

ABUJA (Bloomberg) -- Nigeria plans to almost double oil production and triple its refining capacity by 2025, reviving previous pledges for the countrys oil independence. The OPEC member is l.........

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24 2019-04

Lukoil reaches 100 MMt of oil at West Qurna-2 field

IRAQ -- Cumulative production at the West Qurna-2 field has reached 100 MMt of oil as part of successful implementation of Phase 1 of the project. With 184 wells drilled at the field, the av.........

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23 2019-04

OPEC+ oil cuts jeoperdized by Iran waiver termination

CAIRO (Bloomberg) -- As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market. The decision may also jeopardize the de.........

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22 2019-04

CNPC overseas equity oil, gas output up 10% in first-quarter 2019

BEIJING (Xinhua) -- Overseas equity of oil and gas production of China National Petroleum Corporation (CNPC) rose 10% year over year in the first-quarter 2019. Production came in at 26.09 mi.........

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18 2019-04

South Sudan reignites dormant blocks to boost oil production

JOHANNESBURG (Bloomberg) -- South Sudan plans to increase oil production by using blocks that were shut-in due to civil war, according to the nations oil minister. The country aims to reach .........

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17 2019-04

Wildcatter Floyd Wilson launches Falconer Oil and Gas Corp.

HOUSTON (Bloomberg) -- Legendary wildcatter Floyd Wilson is back with his ninth or tenth oil company, after his departure from Halcon Resources Corp. Falconer Oil and Gas Corp., a Houston-ba.........

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16 2019-04

Oil retreats after longest run of weekly gains in three years

LONDON (Bloomberg) -- Oil retreated in New York after its longest run of weekly gains in three years, as traders and investors awaited more clarity on the strength of the global economy and .........

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15 2019-04

Iran offers up 6 MMbbl of oil with dismal results

DUBAI (Bloomberg) -- As Iran struggles to sell 6 MMbbl of oil, only one deal has closed for 35,000 bbls, so far. Irans oil production and exports have slumped after the U.S. reinstated sanct.........

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12 2019-04

Permian's flaring rises by 85% as oil boom continues

HOUSTON (Bloomberg) -- The Permian Basin has produced so much natural gas that by the end of 2018 producers were burning off more than enough of the fuel to meet residential demand across Te.........

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11 2019-04

Milestone receives oilfield waste landfill permit in Permian Basin

HOUSTON and MIDLAND -- Milestone Environmental Services (Milestone), an oilfield waste disposal services company, has announced that the Railroad Commission of Texas (RRC) has approved the c.........

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10 2019-04

Goldman draws inferences from 1990s to predict oil’s future

SINGAPORE (Bloomberg) -- The future of the oil market may resemble the past―specifically the 1990s― according to Goldman Sachs Group. Thats when prices remained steadily in backwardation, a .........

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09 2019-04

As conflict escalates in Libya, so do global oil prices

WASHINGTON (Bloomberg Opinion) -- Libya is heading towards mass chaos that puts oil output and exports at risk, just as its oil sector looked set to stage a recovery. A disruption to supplie.........

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04 2019-04

Colorado oil industry gets overhaul by regulators

DENVER (Bloomberg) -- Colorados legislature passed a sweeping overhaul of the states oil and natural gas laws, giving local governments more power to regulate drilling in one of the nations .........

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