Industry News
Iran Will Not Take Place of Russia for Gas Supplier

Iran Will Not Take Place of Russia for Gas Supplier

Hassan Rouhani, the President of Iran said to Rossiya 1 that Iran would not prepare for taking place of Russia to become the most important gas supplier for Europe, even sanctions on Iran had been abolished.   A source of EU stated that EU was improving the urgency of plan that imported gas from Iran quietly. Because of relationships with Iran are getting better while relationships with Russia, the largest gas supplier for Europe are deteriorating.   “Our production is quite backward....

Oct 07, 2014
Exxon Mobil Stopped Offshore Oil Well in Russia

Exxon Mobil Stopped Offshore Oil Well in Russia

As the first step that the U.S. sanctioned Russian oil industry, Exxon Mobil stopped exploiting an offshore oil well whose reverses were as high as several billion barrels, located in Russian Arctic Ocean.   Three anonymous insiders claimed that after only several days when the Western announced to prohibit assisting Russia to explore or exploit oil in deep water of Arctic Ocean or shale oilfields, Exxon Mobil stopped operating an offshore oil well in Arctic Ocean, which developed jointly with...

Sep 23, 2014
Russia Began to Reduce Gas Supply to European Countries

Russia Began to Reduce Gas Supply to European Countries

On September 12, the U.S. and EU launched new sanctions on Russian, involving finance, oil, military and other industries to strike Russian economy further so that they could continue pressuring Russia for Ukrainian crisis. Faced with new sanctions of the Western, Russia adopted solutions and began to show its trump cards.   Before that, the Western had already carried several sanctions on Russian for Ukrainian crisis. For that, Russia launched anti-sanction measures on August, announcing to...

Sep 17, 2014
D Line of China-Central Asia Gas Pipe Begun to Build

D Line of China-Central Asia Gas Pipe Begun to Build

On September 13, Xi Jinping, the Chinese President attended commencement ceremony of D line of China-Central Asia gas pipe in Tajikistan with Rakhmonov, the President of Tajikistan. It was a symbol that the forth Chinese transnational gas pipe in Central Asia was begun to build officially.   The gas pipe will improve capacity that transmits gas China from 55 billion cubic meters to 85 billion after being finished.    It is known that D line of China-Central gas pipe is originated...

Sep 15, 2014
IEA Reduced Growth Expectation of Global Oil Demands

IEA Reduced Growth Expectation of Global Oil Demands

IEA reduced growth expectation of global oil demands on Thursday (September 11), which was the continuous third month. It claimed that recent oil demands slowed down significantly.   IEA in its monthly oil market report claims that estimated global oil demands will increase by 9 hundred thousand barrels per day, having reduced by 60 thousand barrels, compared with expectation in last month. And global oil demands have decreased by 3 hundred thousand barrels since July.   It says that growth...

Sep 13, 2014
Pipe Equipments Demands Rising for China-Russia Gas Pipe

Pipe Equipments Demands Rising for China-Russia Gas Pipe

Zhang Gaoli, the Vice Prime Minister of State Council Attended the Eleventh Meeting of China-Russia Energy Cooperation Committee and participated in the commencement ceremony of China-Russia gas pipe in Russia which was held on September 1. According to gas cooperation contract signed by China and Russia in May, the total amount is almost 4 hundred billion dollars and the total length of pipe is 5,000 km. Adding with the promotion of significant energy corridors construction in China, pipe equipments...

Sep 11, 2014
Shell: The U.S. Should Abolish Oil Export Prohibition

Shell: The U.S. Should Abolish Oil Export Prohibition

On Tuesday, Ben Van Beurden, the CEO of Shell, said, “The American government should abolish oil export prohibition gradually which has been lasted for decades of years to stabilize global energy system and price.   When Van Beurden attended a energy meeting which was held by Columbia University in New York, he stated, “The American policy makers should hold a real open, diversified and global energy market.”   He said that the U.S. exporting oil and gas would enhance...

Sep 04, 2014
Russia Willing to Negotiate with Ukraine for Gas Dispute

Russia Willing to Negotiate with Ukraine for Gas Dispute

EU failed to mediate time-consuming gas dispute between Russia and Ukraine in high-profile meeting on August 29. But the Kremlin stated that gas supply to Europe in this winter should be ensured.   Gunther Oettinger, the energy commissioner of EU left for Moscow to discuss with Alexander Novak, the Minister of Russian Ministry of Energy for a probable temporary agreement. EU, Russia and Ukraine will hold a three parties meeting on the next Wednesday at the soonest   After meeting with...

Aug 30, 2014
A Large Oilfield Discovered in Australia

A Large Oilfield Discovered in Australia

Recently, Australian Carnarvon Oil Company and its joint venture partner Apache Corporation in the U.S. discover an oilfield on the Northeast Shelf, the western of Australia, which may be the largest oil field in Australia in the past 20 years. At present, exploration is still being proceeded.     The statement submitted to ASX (Australian Stock Exchange) by Apache shows that it means that South Phoenix No.1 exploratory well will become a new oil area in Australia, if the further assessment...

Aug 22, 2014