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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
(Bloomberg) -- Aubrey McClendon has been called a pioneer and a natural gas evangelist. Now he might just be the architect of his own destruction.Three years after being forced out of  Chesapeake Energy Corp., the natural gas company he co-founded, the 56-year-old is facing allegations he worked with an unidentified competitor to keep the price of leasing land artificially low.McClendon is accused of orchestrating a scheme between two “large oil and gas companies” to not bid against each other for leases in northwest Oklahoma from December 2007 to March 2012, the Justice Department said T...
发布时间: 2016 - 03 - 02
LONDON, Feb 23 (Reuters) - British oil and gas production could halve by 2025 if oil companies do not spend enough to squeeze every last drop out the North Sea, industry group Oil and Gas UK warned on Tuesday. Oil and gas companies, including former North Sea heavyweights BP, Shell and Statoil, have slashed their budgets by billions of dollars as they grapple with a 70 percent fall in oil prices. Britain, one of the oldest oil and gas basins, has been hit especially hard as low revenue prospects are coupled with some of the world's highest exploration and production costs. New investments...
发布时间: 2016 - 02 - 23
(Bloomberg) -- OPEC and U.S. shale may need a relationship counselor.After first ignoring it, later worrying about it and ultimately launching a price war against it, OPEC has now concluded it doesn’t know how to coexist with the U.S. shale oil industry."Shale oil in the United States, I don’t know how we are going to live together," Abdalla Salem El-Badri, OPEC secretary- general, told a packed room of industry executives from Texas and North Dakota at the annual IHS CERAWeek meeting in Houston.The Organization of Petroleum Exporting Countries, which controls about 40 percent o...
发布时间: 2016 - 02 - 23
Could OPEC be gearing up for the potential collapse of Venezuela's oil industry as a means to cut crude the production glut?It was fun while it lasted. During those heady days immediately after Russia announced it had agreed with Saudi Arabia to freeze oil production, some markets rallied and oil prices climbed back into the $30s. Texas Republican Congressman Joe Barton, former chairman of the House Energy and Commerce committee, crowed to CNN that by lifting the ban on U.S. exports of crude, lawmakers had managed to “kill” the Organization of Petroleum Exporting Countries (OPEC). The idea of ...
发布时间: 2016 - 02 - 23
A reported agreement that Venezuela, Russia and Saudi Arabia have agreed to a production freeze, but analysts are noting it may not be time to celebrate just yet. The agreement hinges on Iraq and Iran signing on and pledging they won’t increase their production either – a caveat that doesn’t bode so well for the plan. “While it's the first coordinated supply move of any kind by OPEC members and Russia in the past 15 years, it is clear that any deal without Iranian and Iraqi participation will do little to tighten the market, at least in 2016,” analysts at Raymond James said in a Tuesday note t...
发布时间: 2016 - 02 - 17
Oil majors’ exit from pricey Gulf of Mexico projects, amid dozens of deferrals in deepwater exploration and production, is leaving the sector high and dry. Drilling activity in the deepest parts of the world’s waters can yield tremendous oil volumes, but exploring thousands of feet below sea level is also the most expensive of energy’s high tech endeavors. And in an environment of $30 oil, investment in deepwater production is pouring out. Beyond a rebound in oil prices, recovery of the deepwater sector could take an additional two years, Sajjad Alam, senior vice president at Moody’s Investors...
发布时间: 2016 - 02 - 17
(Bloomberg) -- Investors in Asian oil and gas companies should prepare for a wave of writedowns after a collapse in crude prices. CNOOC Ltd., Santos Ltd. and Inpex Corp. are among explorers and producers that may report full-year net losses because of writedowns that may be equal to as much as 10 percent of book value, analysts at Sanford C. Bernstein & Co. in Hong Kong wrote in a report Tuesday.“The future value of oil and gas properties has been significantly reduced,” according to the Bernstein analysts, including Neil Beveridge. “The impairment loss will likely be larger than earn...
发布时间: 2016 - 02 - 02
LONDON, Feb 2 (Reuters) - After a year of secret diplomacy and hushed-up private talks around the world, OPEC's mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-OPEC Mexico which overcame mutual acrimony and led to a much-needed rise in oil prices. It was 1998, trust had long broken down within the Organization of the Petroleum Exporting Countries and it took outside mediation as a last resort to stop the squabbling to clinch deals at secret meetings in Riyadh, Madrid and Miami. Now, with oil prices touching their lowest level since 2003, OPEC officials and deal...
发布时间: 2016 - 02 - 02
Jan 26 (Reuters) - Hess Corp, a U.S. oil company with operations in North Dakota's Bakken Shale, said on Tuesday that it planned to cut capital spending by 40 percent this year because of the sharp downturn in crude prices. The New York-based company said it expected to spend $2.4 billion in 2016, down from $4 billion in 2015. "We have significantly decreased our 2016 capital and exploratory expenditures, and we plan to reduce activity at all of our producing assets," Chief Operating Officer Greg Hill said in a statement. Crude prices are lingering around $30 per barrel, a level wher...
发布时间: 2016 - 01 - 27
(Bloomberg) -- With oil trading near $30 a barrel, calls for orchestrated output cuts to quell global oversupply have intensified this week. Trouble is, none of the world’s largest producers, most notably Russia and Saudi Arabia, have shown they’re ready to make a move. OPEC Secretary-General Abdalla El-Badri called on all countries, both inside and outside the group, to join efforts to revive oil prices. "It should be viewed as something OPEC and non-OPEC tackle together," he said on Monday. Iraq’s oil minister said on Tuesday that Saudi Arabia and Russia, the world’s two ...
发布时间: 2016 - 01 - 27
Rigzone highlights the major collaboration agreements involving European oil and gas firms that took place in 2015.In the face of the current low oil price environment, which has seen the price of Brent slip from over $100 per barrel in 2014 to under $40 per barrel at the end of 2015, several companies in the oil and gas industry have banded together in an effort to combine resources, reduce costs and promote innovation.  E&P, Energy Security & LogisticsRussia’s Gazprom Neft was involved in one of the year’s most significant collaborative arrangements related to oil and ...
发布时间: 2016 - 01 - 27
Iran has ordered a rise in oil output by 500,000 barrels a day following the lifting of sanctions, but fellow OPEC member UAE said any extra crude would delay the market's recovery. DUBAI, Jan 18 (Reuters) - Iran has ordered a rise in oil output by 500,000 barrels a day following the lifting of sanctions, official media reported, but fellow OPEC member the United Arab Emirates said any extra crude would delay the market's recovery. Iranian officials have said repeatedly in recent days that they were ready to raise output by half a million barrels per day, pouring more supply into a market...
发布时间: 2016 - 01 - 19
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