Aiming to import liquefied natural gas (LNG) from China, Pakistan has started construction of its seven hundred-kilometer pipeline, Radio Pakistan reported. Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi while addressing t...

Crude prices ticked up on Thursday morning after a power outage shutdown the UKs largest oil field. According to Reuters, production was halted at the Nexen operated Buzzard field after power supplies failed. The field usually produces betw...

Oil prices rose on Thursday after a power outage closed the UKs largest oilfield, restricting flows to the North Seas main oil stream that underpins the global benchmark Brent crude. Oil prices were also supported by data on Wednesday that...

Two gas tankers built by the Sinopacific Offshore and Engineering were named on Tuesday, and will soon be shipping shale gas to Europe from the United States, officials said. The ships will join an eventual eight-strong fleet of tankers ope...

Aramco Trading Company, a subsidiary of oil giant Saudi Aramco, has offered 2.1 million barrels of diesel for loading in late July, tender documents showed on Tuesday. The company has offered two cargoes of 700,000 barrels each of 10ppm sul...

Two Chinese companies that invested in Brazils deep-water oilfields two years ago are looking to increase their presence as state-run Petrobras sells assets to pay down debt, according to industry sources. China Petroleum and Chemical Corp,...

Oil prices bounced Thursday as a recovery in Chinese stocks boosted investor sentiment. China stocks staged a strong rally on Thursday, recovering from a steep drop in the past three weeks, as the latest government prop-up measures have bor...

Northwestern Chinas Xinjiang Uygur autonomous region launched bidding on Tuesday for six oil and gas blocks to private enterprises, a move that may end the monopoly of State-owned enterprises in oil and gas exploration, industry insiders sa...

China National Offshore Oil Corporation (CNOOC) has taken delivery of Asias first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas as ships fuel, the company said in its press release. Hai Yang Shi You 525,...

An oversupply in the US oil market due to the rising rig count, led to supply exceeding the demand for crude oil. Also, the suspected stock market manipulation in the Chinese market had a bearing on the oil prices, which dropped on Friday,...