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Oman's state-owned oil company will develop green hydrogen projects
Time of Update: 2021-06-06
So-called green hydrogen, created by splitting water into its two components using electricity from renewable energy sources, is increasingly viewed as a fuel of the future to reduce carbon emissions from fossil fuels.
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EIA: U.S. crude oil production this year will fall more than previously predicted
Time of Update: 2021-06-06
EIA stated in its monthly forecast: “Since we expect the average price of West Texas Intermediate crude oil to remain above US$55 per barrel, we expect producers to drill and complete enough wells in the coming months.
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Qilu Petrochemical Increasing Intellectual Property Protection to Promote Achievement Transformation
Time of Update: 2021-06-06
In the next step, Qilu Petrochemical Research Institute will focus on key core technologies to form a series of patent layouts, increase the number of patented technology applications, and coordinate and match the level of technological innovation; improve the quality of intellectual property creation and help solve the "stuck neck" technical problem.
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Repsol begins construction of its largest wind power project
Time of Update: 2021-06-06
According to a report from the "Energy Year" website in Madrid on May 13, Spanish energy company Repsol (Repsol) has begun construction of the Delta II wind energy project, which will be installed in 26 wind power plants in the Aragon region of northeastern Spain.
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Zhenhai Refining & Chemical Co., Ltd. "Three Sides" to stimulate new vitality of the installation
Time of Update: 2021-06-06
Sinopec News Network News Zhenhai Refining and Petroleum Refining Department three "three sides", continue to promote equipment quality and efficiency, safety management, reduce the workload of emplo
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Shaanxi Petroleum hosts and undertakes the Carbon Peak Carbon Neutrality Forum
Time of Update: 2021-06-06
The forum invited domestic well-known experts and scholars, energy companies, and relevant officials from government departments to discuss topics such as carbon peaks and carbon neutral city development goals under the new situation, and regional development in the first year of the "14th Five-Year Plan".
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Oil prices rose on Tuesday to hit $70 for the first time since March
Time of Update: 2021-06-06
com in London on May 18, oil prices rose on Tuesday, hitting $70/barrel for the first time since March, as the market’s expectations of a recovery in demand after the reopening of the European and American economies offset people’s concerns about the coronavirus.
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Technological innovation in Northwest Oilfield to achieve high oil and gas production in ultra-deep formations
Time of Update: 2021-06-06
The technology of small-span reservoirs with controlled fracture and high acid fracturing was independently developed by the Northwest Oilfield Petroleum Engineering Technology Research Institute, and has obtained a national invention patent, which is suitable for water-controlled oil production in carbonate reservoirs.
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The self-made tool of the No. 1 Gas Production Plant of North China Oil and Gas Branch obtained a national patent
Time of Update: 2021-06-06
China Petrochemical News Network recently, the "graphite bearing disassembly tool" independently developed by the purification plant of the No.
The daily maintenance and repair of canned motor pumps often require internal The graphite bearing is disassembled.
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Brent crude oil fell below $66 for the first time since April 28
Time of Update: 2021-06-06
com, according to TASS News Agency, May 19: Trading data shows that the price of the Brent crude oil futures contract for delivery on the London Intercontinental Exchange in July 2021 fell by 4.
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Exxon Mobil achieves first profit in 5 quarters
Time of Update: 2021-06-06
McNally said that as sales of petroleum products fell by 8% compared to last year, Exxon Mobil needs to "increase production to achieve profit recovery" in the refining business.
6 billion in the first quarter on higher oil prices , compared with a profit of USD536 million a year earlier.
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EIA raises its forecast for U.S. unconventional oil production growth by more than 7 times in May
Time of Update: 2021-06-06
From April to May this year, US total oil production will only decrease by 3,000 barrels per day EIA officials said that behind the upward revision of the data is the increase in the productivity of each rig and the recovery to better-than-expected levels from the severe winter cold that led to widespread shutdowns of oil wells in February.
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North China Oil & Gas Improves Collection Quality of Loess Plateau with Technological Progress
Time of Update: 2021-06-06
During the implementation of the project, technical staff continued to innovate in management, rely on technological progress, and continuously improve the quality of loess plateau collection from the source, which provided strong support for the efficient exploration and development of the Fuxian block and the implementation of favorable target areas.
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IEA expects global oil demand to rebound by 6.5 million barrels per day by the end of the year
Time of Update: 2021-06-06
According to a report from Natural Gas News in London on May 12, 2021, the International Energy Agency (IEA) predicted on May 12 that from the first quarter to the end of 2021, global oil demand will rebound sharply by approximately 6.
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Petrochemical Machinery Gas Storage Compressor Passed Technical Achievement Appraisal
Time of Update: 2021-06-06
China Petrochemical News Network News On May 12, the Wen 23 gas storage high-pressure and high-power compressor independently developed by Petrochemical Machinery with independent intellectual property rights passed the technical achievement appraisal.
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U.S. inventories decrease and crude oil prices rise in U.S. market
Time of Update: 2021-06-06
API data show that since the beginning of 2020, crude oil inventories have increased by more than 50 million barrels.
Oil prices rose the day before the data was released because the oil demand forecast in OPEC's latest version of MMOR remained unchanged, and the disruption of the Colonial pipeline caused oil refineries on the Gulf Coast to curb production.
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Norway plans to double the amount of hydrogen fuel in its budget
Time of Update: 2021-06-06
Although Norway has huge natural gas reserves, its renewable energy-dominant power generation capacity means that the country can also be in an advantageous position in terms of green hydrogen production.
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Increased U.S. crude oil supply casts a shadow over market prospects
Time of Update: 2021-06-06
China Petroleum & Chemical News Network reported on May 20, London, according to the "Energy Year" website, on Thursday morning, Asian oil prices rose, but they are still at a three-week low, despite the increase in fuel supply in the United States.
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Energy-saving and efficiency-increasing of 1.2 million tons/year catalytic unit of Jinan Refinery
Time of Update: 2021-06-06
2 million tons/year catalytic unit of Jinan Refinery has successively put into use the main raw material heat exchange process transformation project, the circulating water cooler secondary water utilization project, etc.
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Jiujiang Petrochemical achieved ethylbenzene railway entry into the plant for the first time
Time of Update: 2021-06-06
A lot of preliminary work was done in the declaration, and preparations were made in advance for the “Transfer to Rail, Transit to Water” work proposed in the National Three-Year Action Plan for Promoting Transport Structure Adjustment (2018-2020), and completed the unloading of the ethylbenzene railway into the factory.
