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On March 29, 2018, our 70528 drilling team officially started drilling the Mobei 903 well in Xinjiang Oilfield. During spring, in order to help the production of Xinjiang oil fields, our company organized the best equipments and resources to participate in the “Chunlei Action” of Xinjiang oilfield exploration and development. Before the commissioning of the rig, the installation time was very short. Plus, before the Spring Festival, it was the coldest season in Xinjiang Oilfield. The minimum temperature was approaching minus 30 degrees once. However, our employees were not hindered by the weather. They were instructed by the Xinjiang Oilfield and cooperated with the rig manufacturer Baoji Machinery Factory. Under the "Winter Operation Procedure", the drilling rig is commissioned ...
发布时间: 2018 - 04 - 12
Permian Panic Driving One-Quarter of Global Oil, Gas M&Asby Karen Boman|Rigzone Staff|Friday, September 09, 2016TweetinShare64 Interest in the Permian Basin heats up as operators look for new tight oil upside in the Lower 48.Permian Basin merger and acquisition (M&A) deals now make up 25 percent of total M&A oil and gas activity worldwide this year due to the surge of operators seeking acreage in the play.Interest in Permian Basin tight oil is causing a "Permian Panic" among operators not already in the Permian who believe they need to get in now before the next ups...
发布时间: 2016 - 09 - 12
Asia Oil, Gas Layoffs Mount as Industry Recovery Stays Elusiveby Chee Yew Cheang|Rigzone Staff|Thursday, September 08, 2016TweetinShare13 The industry downturn continues to weigh on Asian oil and gas workers as redundancies continue to rise with no recovery in sight.Staff layoffs continue to rise for most Asian companies – including shipyards in Singapore, Malaysia and South Korea – operating in the sector, in line with falling revenues caused by a dearth of fresh contracts due to cutbacks in capital spending.In Asia, job losses are particularly glaring in the region’s offshore sector as...
发布时间: 2016 - 09 - 09
Saudis Seen Bolstering Oil Market Defense With Asia Storageby Bloomberg|T. Inajima, S. Stapczynski & S. Cheong|Friday, September 02, 2016TweetinShare30 Saudi Arabia is poised to expand use of oil storage tanks in Japan and China, strengthening ties with its two largest Asian buyers as it fends off competitors for market share.(Bloomberg) -- Saudi Arabia is poised to expand use of oil storage tanks in Japan and China, strengthening ties with its two largest Asian buyers as it fends off competitors for market share.The world’s biggest exporter plans to increase the amount of storage ca...
发布时间: 2016 - 09 - 05
Oil Down 1%, Pressured By Glut, Dollar, Nigeria Outlookby Reuters|Barani Krishnan|Monday, August 29, 2016TweetinShare1 NEW YORK, Aug 29 (Reuters) - Oil prices settled down more than 1 percent on Monday, snapping two consecutive days of gains, on renewed concerns about an oil glut, a stronger dollar and expectations that Nigerian rebels will stop hampering that country's crude output.U.S. crude stockpiles likely rose for a second straight week last week, building by 1.3 million barrels, a Reuters poll showed.That came on top of Iraq's pledge at the weekend to ship more crude after a ramp ...
发布时间: 2016 - 08 - 30
Low Prices May Hobble Potentially Massive New Canada Oilfieldby Reuters|Nia Williams|Thursday, August 25, 2016TweetinShare2 CALGARY, Alberta, Aug 25 (Reuters) - A deepwater oilfield off the coast of eastern Canada could hold 25.5 billion barrels of crude, according to a new seismic report by the Newfoundland and Labrador government, potentially making it the country's largest offshore resource.But the West Orphan Basin, 300 km (186 miles) northeast of Newfoundland, may still struggle to attract exploration bids in a November land sale due to persistently low crude prices.Paul Barnes, Atl...
发布时间: 2016 - 08 - 26
BLOG: Educating iGen, the Literary Way: Engineer Writes Book about Oil, Gasby Valerie Jones|Rigzone Staff|Monday, August 22, 2016TweetinShare18 An engineer chose to author a children's book about oil and gas to portray a more positive side to the industry.While I was attending an energy luncheon last week, I met a lady and as we chatted, she shared that she had authored a children’s book. Cool, I thought. I wasn’t expecting that. Then she told me it’s a children’s book about oil and gas. Very cool. I really wasn’t expecting that.It turns out Barbara Brandl Denson, an engineer who works a...
发布时间: 2016 - 08 - 23
Russell: Will It matter? That's The Question To Ask Of Any Producers' Dealby Reuters|Clyde Russell|Thursday, August 18, 2016TweetinShare4 The opinions expressed here are those of the author, a columnist for Reuters.LAUNCESTON, Australia, Aug 18 (Reuters) - Asking whether the world's major crude oil-exporting countries can reach a deal to limit output is probably the wrong question. Asking whether it matters if they do is more relevant.Once again the speculative "will they, won't they" merry-go-round has been fired up ahead of a planned meeting of the Organization of the Petrole...
发布时间: 2016 - 08 - 19
Is the Oil, Gas Downturn a Franchiser's Market?by Valerie Jones|Rigzone Staff|Tuesday, August 16, 2016TweetinShare52 In the midst of a two-year long industry slowdown, some displaced workers have found success in business ownership outside of oil and gas.Graham McLeod worked 20 years in the oil and gas industry, 18 of which were in subsea operations for Cameron, before he mentally “checked out.”After traveling for no less than 180 to 200 days out of the year for two decades, he decided he needed to spend more time at home.“I didn’t realize how much stress I was under or how stressful the...
发布时间: 2016 - 08 - 17
(Bloomberg) -- The worst may be yet to come for some strained oil services companies as $110 billion in debt, most of it junk rated, creeps closer to maturity.More than $21 billion of debt from oilfield services and drilling companies is estimated to be maturing in 2018, almost three times the total burden in 2017, according to a report from Moody’s Investors Service on Aug. 9. More than 70 percent of those high-yield bonds and term loans are rated Caa1 or lower, and more than 90 percent are rated below B1.Speculative-grade debt is becoming increasingly risky, as the default rate is expected t...
发布时间: 2016 - 08 - 10
Iran Says Crude Market Oversupplied, Balance To Be Restoredby Reuters|Parisa Hafezi|Monday, August 01, 2016TweetinShare71 Iran's Oil Minister says the oil market was oversupplied but predicted balance between demand and supply will be restored, Iranian state television reports.ANKARA, Aug 1 (Reuters) - Iran's Oil Minister said on Monday the oil market was oversupplied but predicted balance between demand and supply will be restored, Iranian state television reported on Monday."The oil market is oversupplied now but there are expectations that there will be balance between demand and ...
发布时间: 2016 - 08 - 02
PwC: Oil Price Stability Drives Uptick in M&A Dealsby Karen Boman|Rigzone Staff|Thursday, July 28, 2016TweetinShare2 The stabilization of commodity prices and cautious optimism over an oil and gas industry recovery triggered a rise during the second quarter in the number of merger and acquisition (M&A) deals valued at more than $50 million, PwC reported in a second quarter analysis.This stabilization should continue to drive transactions in the E&P space during the second half of 2016. But better cash flow and the return of the capital markets will be needed before more megade...
发布时间: 2016 - 07 - 29
New 'Oil & Gas Technology Centre' Appoints CEOby  Rigzone Staff|Friday, July 15, 2016TweetinShare41 The UK's new Oil & Gas Technology Centre has appointed Colette Cohen, previously a senior vice president with Centrica. She will take up the post in September.The plan behind the OGTC, which will be based in Aberdeen, Scotland, is to establish a "go-to" global center for developing solutions to offshore mature basin, subsea and decommissioning technology challenges. The intention is for it to be outwardly focused, private sector-led and driven by industry needs. Its c...
发布时间: 2016 - 07 - 18
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