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UAE says global oil demand has increased to 95 million barrels per day
Time of Update: 2021-06-05
China Petrochemical News Network reported on May 21, according to the oil price network, according to Abu Dhabi National Oil Company (ADNOC) CEO Sultan Ahmed Al Jaber, oil demand has increased to 95 million barrels per day, and the market is rebalancing.
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Market optimism pushes crude oil prices higher
Time of Update: 2021-06-05
According to FXstreet on May 25th, China Petrochemical News reported that on Tuesday, WTI crude oil prices closed for the second consecutive trading day, exceeding the 3% increase in a single trading day.
In the medium term, if oil prices continue to rise and break through the key resistance level of US$66.
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Total and Merck sign a 45 MW renewable electricity purchase agreement
Time of Update: 2021-06-05
With a strong expertise in the development, construction and operation of renewable energy projects, Total was chosen as a trusted partner to contribute to MSD's ambition to source 100% of its purchased electricity with renewables.
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Maoming Ethylene Synthetic Oil Project Fully Promotes Pipeline Installation
Time of Update: 2021-06-05
During the construction process, the safety and quality department took the initiative to increase on-site management and control efforts, grasped safety education activities, carried out on-site risk management and control with a highly responsible attitude, escorted the full advancement of process pipeline construction, and performed pressure test and anti-corrosion for subsequent pipelines , Heat preservation, electrical instruments and other professional construction to create conditions.
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Scotland and Norway sign a memorandum of understanding on the import of green hydrogen
Time of Update: 2021-06-05
According to a report from Electric Power News in London on May 24, 2021, a statement issued by the Port of Cromarty Bay in Scotland on May 24 stated that the port has signed a memorandum of understanding with the Norwegian Gen2 Energy Company.
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Hangjinqi Reservoir Processing and Interpretation Project Won "Excellent" Evaluation
Time of Update: 2021-06-05
Recently, the North China Oil and Gas Branch of the North China Petroleum Branch undertaken by the Sinopec Petroleum Geophysical Technology Research Institute passed the acceptance review of the “Three-dimensional Seismic Processing and Fracture-cavity Reservoir Identification of the Ordovician Changchequ Slope in the Hangjinqi Block Excellent" evaluation.
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UTA expands LNG network through cooperation
Time of Update: 2021-06-05
In addition to traditional fuel suppliers, multi-energy refueling stations that provide LNG, hydrogen, LPG and CNG will be added in the future.
UTA's approach is to support its customers in their ecological transition by developing a network of partners providing cost-effective alternatives to diesel fuel.
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Jianghan successfully developed a continuous automatic sand transport device through underground testing
Time of Update: 2021-06-05
Recently, the continuous automatic sand conveying device independently developed by Jianghan Petroleum Engineering Downhole Testing Company has successfully realized on-site application, which has increased the construction efficiency by 3 times compared with traditional crane sand feeding.
The traditional method of adding sand with a crane is slow and low in construction efficiency, which is a high-risk operation.
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Promote clean energy and enjoy low-carbon life
Time of Update: 2021-06-05
In the process of building a national clean energy demonstration province, Zhejiang aims to achieve carbon peaks and carbon neutrality, and through exploring the diversified and highly flexible grid under the form of the energy Internet, it creates a new power system with new energy as the main body, and provides green for regional development.
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Guangzhou Petrochemical's high-purity hydrogen filling efficiency increased by 50%
Time of Update: 2021-06-05
China Petrochemical News Network reported that Guangzhou Petrochemical, through continuous optimization, realized the simultaneous filling of two high-purity hydrogen vehicles on May 21, increasing the filling efficiency by 50%, ensuring the market's demand for high-purity hydrogen, and helping the rapid development of the hydrogen energy industry in the Guangdong-Hong Kong-Macao Greater Bay Area .
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Fifth Construction Co., Ltd. undertook the construction of Hainan Refining and Chemical low-sulfur fuel pipeline
Time of Update: 2021-06-05
During the construction process, the implementation team of the Fifth Construction Project adhered to the general idea of “pre-deployment, quick start, strict management, and efficient construction”, planned and arranged deployment in advance according to the actual situation of the project, and effectively solved the construction problems with tight schedule and high safety risk.
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South Korea's SK Energy will limit the production of petroleum products in the second quarter
Time of Update: 2021-06-05
Statistics show that so far this year, the average cracking spread of FOB Singapore 92-octane gasoline cracking to ICE Brent crude oil futures is US$5.
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my country's energy green and low-carbon transition into the "fast lane"
Time of Update: 2021-06-05
Under the goal of carbon peak and carbon neutrality, my country's energy green and low-carbon transformation has entered the "fast lane", providing strong support for the sustained and healthy development of China's economy and society, and also for maintaining world energy security, responding to global climate change, and promoting the world Make a positive contribution to economic growth.
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BASF and Rheinland will invest US$4.9 billion in offshore wind power projects in Germany
Time of Update: 2021-06-05
BASF will own 49% of the wind park, RWE CEO Markus Krebber said, adding that while 80% of the farm's output would go to Ludwigshafen, the remaining fifth will be used to power a 300-megawatt electrolyzer to produce so-called green hydrogen .
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Norwegian oil industry is still adding investment
Time of Update: 2021-06-05
According to today’s oil price report on May 27th, Statistics Norway stated in its quarterly survey on Wednesday that compared with its forecast three months ago, oil companies expect to spend more on Norwegian offshore oil and gas operations in 2021.
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Total's first quarter net profit increased by 69% year-on-year
Time of Update: 2021-06-05
Total also reported record-high adjusted operating profit from its'integrated gas renewables & power' division, which includes its LNG business.
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U.S. natural gas power generation will fall by 7% in 2021
Time of Update: 2021-06-05
In the United States, natural gas power generation is facing increasing competition from renewable energy power generation, as the installed capacity of wind and solar power plants has recently reached record levels.
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Four Construction and Three Company completed the pipeline construction of the Jincheng Oil Depot relocation project
Time of Update: 2021-06-05
Sinopec News Network reported on May 20 that the pipeline of the Shanxi Jincheng Oil Depot Relocation Project undertaken by the Fourth Construction Third Engineering Company was completed, laying a solid foundation for the completion of the construction tasks on schedule.
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The cost of petroleum derivatives in the international market fell in May
Time of Update: 2021-06-05
8 US dollars; the 95-octane gasoline cost fell from 645.
8 for each ton, and the cost of 95-octane gasoline declined from USD645.
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CNOOC rises to No. 8 in the oil and gas industry in the "Global 2000" list
Time of Update: 2021-06-05
8 in the oil and gas industry ranking in the "Global 2000" new list, and still ranks first in the global E&P company rankings Original source: China National Offshore Oil News
