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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 - 10
The U.S. Energy Information Administration's State Heating Oil and Propane Program (SHOPP) collects state-level residential heating oil and propane price data in 38 states during the winter heating season. SHOPP is a joint effort between EIA and state energy offices in regions (especially states in the Northeast and Midwest) where heating oil and propane are commonly used as heating fuels. In all of the states surveyed, propane and heating oil prices are lower than they were at this time last year, and EIA expects prices will remain at lower levels throughout the winter.  &...
发布时间: 2015 - 12 - 11
Republished December 9, 2015, 10:00 a.m. to correct notation on graph.Two recently enacted laws authorize significant sales of crude oil from the Strategic Petroleum Reserve (SPR) over the next decade. The Bipartisan Budget Act authorizes the sale of 58 million barrels of SPR oil between FY 2018-25 for deficit reduction purposes and an estimated 40-50 million barrels of oil in FY 2017-20 for SPR modernization. As part of the Bipartisan Budget Act, the U.S. Department of Energy (DOE) is required to complete a long-term strategic review of the SPR to ensure it meets current a...
发布时间: 2015 - 12 - 11
The Short-Term Energy Outlook (STEO) released on December 8 forecasts non-OPEC crude oil and other liquids production to grow by 1.2 million barrels per day (b/d) in 2015, and then decline by 0.4 million b/d in 2016, which would be the first annual decline in non-OPEC production since 2008. The shift in expectation from non-OPEC production growth to declines in 2016 is mostly because of declines in U.S. onshore and North Sea production (Figure 1). Non-OPEC production growth in 2015 is largely attributable to investments committed to projects before the oil price decline that began in...
发布时间: 2015 - 12 - 11
Commercial crude oil inventories in Cushing, Oklahoma (located in Petroleum Administration for Defense District 2) and the U.S. Gulf Coast (PADD 3) totaled a record-high 309.4 million barrels as of the week ending November 27. Based on the recently released storage capacity and line fill data in the September Petroleum Supply Monthly (PSM), EIA estimates 70.2% utilization of working crude oil storage capacity in Cushing and the Gulf Coast on a combined basis, only slightly below the record utilization level of 71.2% set in the week ending April 24 of this year.The U.S. Gulf...
发布时间: 2015 - 12 - 04
Recently, semi-annual report have been released of the three major oil companies, PetroChina, Sinopec and CNOOC were to produce an interim net profit rose "report card." Among them, the CNOOC net profit surged 109.6% to net profit growth of 29.4% of oil in second place, while Sinopec third, an increase of 6.7%.Industry analysts pointed out that, throughout the interim results for the three oil giants, the biggest feature is due to the international oil prices, profits were mainly contributed by the exploration and mining sector, while the refining performance is almost the same time ...
发布时间: 2015 - 07 - 23
End of 2009, China's crude oil processing capacity of 4.9 one billion tons / year, ranking second in the world. Meanwhile, the domestic million-ton oil refining bases has reached 17, the initial formation of the Bohai Sea, Yangtze River Delta, Pearl River Delta cluster of three refinery. The competitiveness of state-owned holding company significantly enhanced, Sinopec and PetroChina are among the world top 500 enterprises in 2009 the first 9 and 13.In the brilliant achievements, we must clearly recognize that sustainable development of China's refining industry is facing enormous challenges, ...
发布时间: 2015 - 07 - 23
Oil-based high-tech industrial park in Panjin construction, grasp the "coastal" and "Northeast" favorable opportunity, Panjin oil equipment manufacturing base for this reason the decision-making ahead of Panjin City, continue to become first military industry, and expeditiously in local economic development occupy an important position.    Development: the footsteps of an international    After more than seven years of exploration, construction, petroleum equipment manufacturing base is now presented to the world is a surprise: In 2009, the bas...
发布时间: 2015 - 07 - 23
China's crude oil production and the second largest oil field - Sinopec Shengli Oil Field, relying on scientific development, efficient development and rely on sophisticated management, scientific and technological progress, institutional innovation, created the 15-year average annual crude oil output to keep oil production at 27 million tons over miracle, out of an old oil field new path of sustainable development.      Assistant general manager of China Petrochemical Corporation, said Wang Lixin, Shengli Oilfield 43% of proven resources, the main exploration targets ...
发布时间: 2015 - 07 - 23
August 30, with the North field of digital wireless base station into electricity, oil field north of concern wireless digital platform put into use, become the first major oil industry cluster private network wireless system. Huabei Oilfield has entered the ranks of the wireless digital oil city.China Petroleum (SH: 601857) New price: 10.29 0.06 0.58% market trends News Announcement large single track Capital flows The cost of the stock position warning Superior stock forecasts Billboard for the construction of the digital oil field, oil field exploration and development to adapt to the staff...
发布时间: 2015 - 07 - 23
OPEC Secretary-General spoke at the opening ceremony Baddeley said of OPEC to stabilize the international oil market and the positive role played and will continue to contribute in order to ensure market supply and demand (BaoKun Wang)The opening ceremony, Austrian Post OPEC officially launched to commemorate the 50th anniversary of the launch of Earmarked stamps (BaoKun Wang)    China Economic Net Vienna September 21, 2010 (Baokun Wang) OPEC on September 20 - 29 Palace in Vienna City Park Strauss held a "50th Anniversary Exhibition." From the Middle East, Africa, Lati...
发布时间: 2015 - 07 - 23
September 20, China National Offshore Oil Corporation and Changping District, Beijing signed a strategic cooperation framework agreement, both sides will strengthen cooperation in areas such as technological innovation, CNOOC's energy R & D institutions will be located in Changping District, "future science and technology city."        As the bearer of technological innovation and high-tech R & D capital, a major task of the important industrial base in Changping District, focus on the development of energy technology, modern equipment manuf...
发布时间: 2015 - 07 - 23
China Chemical Industry News September 30, 2010 hearing (Weiping Gui) recently, CNOOC has acquired the port, Dongying City, Shandong Province, and invested heavily in the oil refinery project and the construction of large oil reserves base. Hong Kong Harbor Industrial Zone of Dongying rapid scale, and laid a solid foundation.Dongying Port is mainly based on the Yellow River Delta, facing the Bohai Sea; relying on the hinterland, for the international. In the industrial layout, based on the overall function of regional location, resources and environment carrying capacity and development potent...
发布时间: 2015 - 07 - 23
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