Sinopec announced the discovery of over 140 million tonnes (Mt) of proven reserves of shale oil at its Shengli Oilfield in East China. This is the first shale oil field with proven reserves of over 100 Mt to be certified by China’s Ministry of Natural Resources. SourceContinue Reading

The latest S&P Global’s UK Purchasing Managers’ Index (PMI) shows that UK manufacturing’s woes have deepened. S&P Global’s latest PMI survey, which asks around 600 industrial companies about their performances, suggests that manufacturing is again in the downturn following a poor start to the year.  The latest figure showed that it decreased to 44.9, which...Continue Reading

In a significant development for Africa’s energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the minimum required funding from APPO. SourceContinue Reading

Specialist drilling waste management company, TWMA*, has secured a three-year contract with TotalEnergies UK for its renowned drilling waste management services, marking the continuation of a long-term relationship between the two companies. SourceContinue Reading

Petrofac’s Asset Solutions division has been awarded a number of scope expansions and new contracts in Q1 2025 totaling $500 million (USD). The awards span late-life asset management, decommissioning and integrated services across core global markets. SourceContinue Reading

OPEC Cuts Oil Production in March, Ahead of Ramp Up Plans | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Apr 01, 2025, 1:30 PM CDT The Organization of Petroleum Exporting Countries...Continue Reading

Understanding the Wild Ride of Industrial Metal Prices | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Apr 01, 2025, 1:00 PM CDT Over the last ten...Continue Reading

Cairn Oil & Gas has entered into an agreement with Parker Wellbore to expand operations in India using a high-performance 2000HP drilling rig. Cairn will deploy the rig in Barmer, Rajasthan—the company’s largest onshore producing asset in India, this month. SourceContinue Reading

Eiffage, through Smulders (Eiffage Métal’s Belgian subsidiary), has signed an agreement to acquire 100% of HSM Offshore Energy. The combination of the two companies will strengthen their efficiency and their capacity to deliver large offshore projects. SourceContinue Reading

Ukraine Cease-Fire Efforts Stumble Amid Competing Priorities | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Apr 01, 2025, 12:00 PM CDT A deal to halt fighting...Continue Reading