BEIJING - China's annual oil refining capacity rose to 936 million tonnes in 2023, ranking first in the world, a report said.China's oil consumption was about 756 million tonnes last year, and its crude oil processing was 738 million tonnes, both reaching record highs, ...
view more >China's demand for petroleum products may reach its peak before 2025, amid the country's green energy transition, according to a prediction from a think tank.Oil demand in China is expected to continue rising in 2024 amid economic recovery, while natural gas has been em...
view more >Considered being the biggest sector in the world in terms of dollar value, the oil and gas sector is a global powerhouse using hundreds of thousands of workers worldwide and generating hundreds of billions of dollars globally each year. In regions which house the major ...
view more >Trinidad and Tobago has been involved in the petroleum sector for over one hundred years undertaking considerable oil and gas exploration activity on land and in shallow water with cumulative production totaling over three (3) billion barrels of oil. As the largest oil ...
view more >There are three primary challenges facing the oil and gas industry today. The first is to produce more energy at lower cost with less emissions. The global population is increasing, and energy demand post COVID-19 will not only recover, but also increase. At the same ti...
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