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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
Middle East Instability Confronts Oil Prices; Opportunity for US Productionby  Deon Daugherty|Rigzone Staff|Wednesday, December 09, 2015Among the most galvanizing themes confronting oil and gas in the foreseeable market are those of increasing geopolitical threats and instability. And that’s going to leave oil prices lost in translation.As analysts at Simmons & Company International explained in a December update, it’s the geopolitical instability and the inherent tumult it creates throughout the world that have created a “massive disconnect” - one that’s placed oil prices close to 50...
发布时间: 2016 - 07 - 14
BEIJING, May 10 (Reuters) - China is undertaking a restructuring of oil subsidies policy, according to a circular jointly issued by the State Council, Ministry of Finance, and three other ministries, the official Xinhua News Agency reported on Tuesday.  The oil subsidies adjustment, launched at the beginning of 2015, is aimed at promoting market-oriented behavior and will make changes to the practice of linking oil subsidies to the volume of fuel consumption, said Xinhua.  Fuel subsidies to the urban public transport, rural passenger transport, taxi, fishery, and forestry sectors tot...
发布时间: 2016 - 05 - 11
After plunking down more than $2.5 billion for drilling rights in US Arctic waters, Royal Dutch Shell, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery. (Bloomberg) - After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery.The pullout comes as crude oil prices have plummeted to less than half their June 2014 levels, forcing oil companies to slash...
发布时间: 2016 - 05 - 11
NEW YORK, May 10 (Reuters) - Brent jumped more than 4 percent on Tuesday while U.S. crude settled up more than 2 percent, after a late burst of buying driven in part by expectations that record U.S. crude inventories would not swell by as much as they have in recent weeks.  Crude supply outages in Canada, Nigeria and elsewhere boosted prices. Brent's gain was its biggest one-day percentage move in a month.  The American Petroleum Institute (API) was due to report preliminary stockpiles data at 4:30 p.m. (2130 GMT) ahead of official numbers from the U.S. government on Wednesday. ...
发布时间: 2016 - 05 - 11
An increase in oil prices is looking “increasingly certain” says Colin Welsh, head of international energy investment banking at Simmons & Company International, assuming we avoid another global recession or an implosion in the Chinese economy.  Recent US Energy Information Administration data shows that production declines in the onshore oil fields in the United States are accelerating, with Welsh predicting that “we could well see year on year production down by 1 million barrels per day by the end of 2016”.  “It's also reasonable to expect decline rates from conventional oil p...
发布时间: 2016 - 05 - 04
NEW YORK, May 3 (Reuters) - Oil prices fell for a second day on Tuesday, retreating further from the year's highs hit last week, as rising output renewed worries about the global glut of crude, the U.S. dollar rebounded and equity markets weakened.  Output from the biggest oil producers in the Middle East jumped last month or could surge in the near term, data showed this week, ahead of a U.S. government report on Wednesday likely to cite record high crude stockpiles.  Brent crude futures settled down 86 cents, or 1.9 percent, at $44.97 a barrel. U.S. crude's West Texas Intermediate ...
发布时间: 2016 - 05 - 04
Paka Drill Pad No.2 in ProgressDrill Pad No.2 in Progress  Hong Kong Off-Shore Oil Services Limited (HOOSL) and GDC have signed a contract for the drilling of 15-20 wells in the Baringo-Silali Block. The signing took place in a brief ceremony held on Wednesday April 6, 2016 at the Kawi GDC Boardroom, attended by the Ag. Managing Director& CEO Paul Ngugi and a delegation from the contractor. “This is a big day for us; it is a pleasure to have signed this contract after a long negotiation period” said a representative from the contractor. The Ag. MD & CEO, Paul Ngugi noted that...
发布时间: 2016 - 05 - 04
Oil reserves in Uganda are estimated at some 6.5bn barrels Landlocked Uganda has announced it will build a major pipeline to export its oil through Tanzania.Uganda had planned to send the pipeline through Kenya, which wanted a joint facility for oil from its own fields that are under development.The pipeline will now be routed further south, with concerns about possible attacks by Somalia's al-Shabab Islamists said to be a factor.The group has attacked targets close to where the pipeline would have passed. Uganda announced its decision in Kampala at a summit of the East African Commu...
发布时间: 2016 - 04 - 29
The world's biggest crude exporter, Saudi Arabia, breaks from its usual practice of selling via long-term contracts, according to Citigroup.  (Bloomberg) -- Saudi Arabia made its first sale of oil to a small, independent Chinese refiner. What’s more significant to markets is that the world’s biggest crude exporter broke from its usual practice of selling via long-term contracts, according to Citigroup Inc.The world’s biggest crude exporter sold a spot cargo to teapot refiner Shandong Chambroad, said people with knowledge of the deal who asked not to be identified as the information is con...
发布时间: 2016 - 04 - 27
(Bloomberg) -- The new magic number in the oil industry is $50.BP Plc, rig-owner Nabors Industries Ltd. and explorer Pioneer Natural Resources Co. all said in the past 24 hours that prices above $50 will encourage more drilling or provide the needed boost to cash flow. With oil bouncing close to $45 a barrel, an industry that has been shaving costs to stay competitive is ready for signs of stability at a price level less than half of 2014’s average.At an average price of $53 per barrel of oil means the world’s 50 biggest publicly traded companies in the industry can stop bleeding cas...
发布时间: 2016 - 04 - 27
ONGC intends to drill up to 17 shale oil and gas exploration wells in India for around $105 million. India's state-owned Oil and Natural Gas Corp. Ltd. (ONGC) intends to spend approximately $105 million (INR 7 billion) to drill up to 17 shale oil and gas wells located on the country's east and west coasts, local media The Economic Times reported Sunday.  ONGC has approached the Ministry of Environment and Forests for its approval to prepare the terms of reference for the exploration wells, the Economic Times said, citing minutes of a recent meeting of the Ministry's Expert Appraisal Commi...
发布时间: 2016 - 04 - 27
TOKYO, April 21 (Reuters) - International Energy Agency (IEA) chief Fatih Birol said on Thursday he expects the oil market to come back into balance from oversupply by next year, providing there is no major economic downturn.  Birol said low oil prices have cut oil investment by about 40 percent in the past two years, with sharp falls in the United States, Canada, Latin America and Russia, and the world's reliance on Middle East oil will accelerate substantially in the next few years.  "This year, we are expecting the biggest decline in non-OPEC oil supply in the last 25 years, ...
发布时间: 2016 - 04 - 21
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