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IEA: Global energy investment will increase to US$1.9 trillion in 2021
Time of Update: 2021-06-10
Driven by demand recovery and rising oil and gas prices, investment in oil and gas exploration and production is expected to increase by 10% this year.
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Three technologies of Shengli Petroleum Engineering Company reach the international advanced level
Time of Update: 2021-06-10
Recently, Shengli Petroleum Engineering Company undertook the “Innovation and Application of Key Technologies for Drilling and Completion for Benefit Development in Shengli Oilfield”, “Key Technologies for Environmental Protection in Drilling Process and Large-scale Application in Shengli Oilfield”, and “Acceleration of Drilling Speed in Complicated Formation in Sichuan”.
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Jianghan Oilfield's new instrument improves the efficiency of analysis and testing
Time of Update: 2021-06-10
Recently, the technicians of the Experimental Center of Jianghan Oilfield Research Institute completed the 30-block test task in 3 days during the sample analysis and testing of the key well Jiaoye 162-1HF, which increased the work efficiency by more than 2 times.
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Geophysical Prospecting Institute assists the development of Lower Paleo-Ordovician gas reservoirs in North China Bureau
Time of Update: 2021-06-10
Sinopec News Network reported recently that the "Ordovician Karst Reservoir Description and Favorable Target Evaluation of the Southwest Daniudi Gas Field" project undertaken by the Sinopec Institute of Petroleum Geophysical Technology has successfully passed the acceptance of the expert review team.
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EIA: US crude oil inventories reduced by 5.1 million barrels
Time of Update: 2021-06-10
In the past 4 weeks, the average crude oil imports were 6 million barrels per day, a decrease of 0.
3 million bbl, US crude oil inventories are 3% below the 5-year average for this time of year, the EIA report indicated.
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Russia: IEA net-zero plan may push oil prices up to $200
Time of Update: 2021-06-10
According to a report from Petroleum Today on June 3, 2021, Russian Deputy Prime Minister Alexander Novak said that the International Energy Agency's (IEA) call for a halt to global oil and gas development may push oil prices up to 200 per barrel.
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Global oil consumption may reach its peak in 10 years
Time of Update: 2021-06-10
Hao Fen translated from oil price network The original text is as follows: Peak Oil Demand May Be Ten Years Away The world is past peak coal consumption and may reach peak oil consumption within the next ten years, Alexei Kudrin, the head of the Russian Accounts Chamber, told media this week.
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With WTI price approaching $70, oil price is expected to break through
Time of Update: 2021-06-10
Commenting on the oil price movements this week, Saxo Bank said on Thursday: "The bullish demand outlook presented by OPEC based on strong demand in Europe, China and the US has triggered renewed upside momentum, and from a technical perspective, today's focus is whether Brent can break the four-time rejected area just below $72.
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Lubricant company's refined production management reduces costs and costs
Time of Update: 2021-06-10
Through a series of efforts, the lubricant company strengthened the control of the production process and vigorously reduced the related expenses.
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Maoming Petrochemical does a good job in preventing water pollution from rainstorms
Time of Update: 2021-06-10
According to the forecast of the Meteorological Department, there will be heavy precipitation in the Maoming area in early June, accompanied by thunderstorms and strong winds of level 10 or so. The
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API: Crude oil prices rose more than expected
Time of Update: 2021-06-10
According to a report from China Petroleum and Chemical Corporation News on June 3 today, the American Petroleum Institute (API) announced on Tuesday that as of the week of May 28, US crude oil inventories fell by 5.
According to API data, since the beginning of 2020, crude oil inventories have increased by more than 46 million barrels.
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Under the energy transition, the oil and gas industry cannot be taken lightly
Time of Update: 2021-06-10
The two countries will play more important roles in the global natural gas market and LNG market, and Russia will have more advantages due to its oil and gas amphibians, as well as export trade with Europe and China.
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Consensus reached at the 9th China Petroleum Geology Annual Conference
Time of Update: 2021-06-10
Original title: The Ninth China Petroleum Geology Annual Conference reached a consensus to stabilize the status of "ballast rock" and expand the development of natural gas Original source: China Petroleum News China Petroleum Network News (correspondent Zhao Xia) "We must continue to invest in exploration, persevere in exploration practice, never-ending theoretical innovation, and continuous technological advancement to promote breakthroughs in oil and gas exploration and discovery, so that the ancient oil industry will be rejuvenated.
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The National Petroleum and Petrochemical Procurement and Supply Chain Technology Exchange Conference was held
Time of Update: 2021-06-10
com and Huawei discussed the improvement of material quality standards under the digital supply chain, the new supply-demand relationship under the upgrade of e-commerce procurement and the full life cycle of supply chain digitalization in high-end interviews On management and other topics, he shared his experience of innovation-driven, wisdom and courage, and put forward opinions and suggestions on building a modern supply chain.
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Beijing is carrying out carbon peak assessment research and formulating a carbon neutral action plan
Time of Update: 2021-06-10
Photo by Xu Jing China News Service, Beijing, June 5 (Xu Jing Chen Hang) It is reported that Beijing is carrying out carbon peak assessment in accordance with relevant national regulations and is studying and formulating the city's carbon neutral action plan.
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Jianghanpingbei builds a safe production copper wall and iron wall from the source
Time of Update: 2021-06-10
In order to build a safe production copper wall and iron wall from the source, the management department takes further strengthening of contractor process supervision as the most important link to strengthen source control, refine process control and increase training and assistance, and continue to promote contractor teams According to laws and regulations, the phenomenon of "low ageing and bad" in the process of safe production has decreased year-on-year, laying a solid foundation for the realization of intrinsic safety.
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Panama plans to spend $1 billion to build natural gas power plants
Time of Update: 2021-06-10
Consortium Consorcio Group Energy Gas Panama, made up of private companies InterEnergy Group and AES Panama as well as the government, will be responsible for the construction, development and operation of the plant, a statement said.
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Xinjiang Oilfield Creates "Chinese Sample" for Heavy Oil Development
Time of Update: 2021-06-10
After years of exploration and improvement, Xinjiang Oilfield Company has achieved an industrial recovery rate of over 65% through steam injection development technology, which is 20% higher than similar oil reservoirs at home and abroad.
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OPEC+ will agree to increase oil production in July
Time of Update: 2021-06-10
Alekperov said that Lukoil plans to increase capital expenditures to 600 billion to 650 billion rubles next year because the company will start the production of new projects such as the Caspian Sea.
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The national carbon trading market is about to go online, and the multi-channel fund card positions are quietly deployed
Time of Update: 2021-06-10
Yuan Huaming, general manager of Huahui Chuangfu Investment, told the "Securities Daily" reporter that the carbon trading market will gradually cost the external environmental costs of carbon emissions within the enterprise, thereby promoting energy conservation, emission reduction and transformation and upgrading of related industries.