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The Fuling Gas Field drilling project has continued to increase speed and efficiency and has achieved remarkable results
Time of Update: 2021-06-04
SINOPEC News Network News Since this year, the Jianghan Oilfield Fuling Shale Gas Company has anchored the "Strategy of Increasing Natural Gas Reserves and Production" to continue its efforts in drilling engineering and continuously promote drilling engineering optimization, speed and efficiency.
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UK increases North Sea oil production
Time of Update: 2021-06-04
BP will use the latest technology and expertise provided by this new partnership to increase drilling capacity of 7 billion barrels in Clare Ridge, the UK's largest oil field.
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South Korea's petrochemical exports surged 94.9% in May
Time of Update: 2021-06-04
According to official data released by ICIS website on June 1st on Tuesday, South Korea’s exports of petrochemical products in May increased by 94.
South Korea’s Ministry of Trade, Industry and Energy stated in a statement that in May, South Korea’s overall exports increased by 45.
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Energy industry pays close attention to methane emission control to help "dual carbon" goal
Time of Update: 2021-06-04
Reporter: Qi Hui Recently, energy industry companies such as PetroChina, Sinopec, and CNOOC have initiated the establishment of the China Oil and Gas Enterprises Methane Control Alliance to strictly implement methane emission control and help achieve the goal of "carbon peak and carbon neutrality".
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Coiled tubing equipment for petrochemical machinery to remove high acid gas wells
Time of Update: 2021-06-04
The well used SLG360 coiled tubing equipment developed by Petrochemical Machinery Fourth Machinery Company to complete the plugging removal operation.
/Day, successfully assisted the application breakthrough of the coiled tubing removal and production increase process in high-acid gas fields.
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Norwegian oil industry's offshore oil and gas business spending will increase by 4.8% this year
Time of Update: 2021-06-04
According to a report by PetroChina News on May 26, 2021, the Norwegian National Statistics Office stated in its quarterly survey report on Wednesday that, compared with its forecast three months ago, NORWAY is expected to invest in Norwegian offshore oil and gas business this year.
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CVR Energy explores the production of sustainable aviation fuel
Time of Update: 2021-06-04
CVR, a commercial refiner, has announced plans to produce renewable fuels at the Wynnewood refinery in Oklahoma in the third quarter of this year, and said it is exploring the possibility of producing renewable diesel at the Coffeyville refinery in Kansas.
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Growing U.S. oil demand may inhibit the rapid development of exports
Time of Update: 2021-06-04
Two key indicators measuring the strength of the US market rose to their highest levels in several months this week, suggesting that the spot supply has become more tight and traders are willing to pay a premium to obtain more direct crude oil supplies.
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Boston Consulting Group: EU carbon tariffs will change market competition
Time of Update: 2021-06-04
The Boston Consulting Group recently released a report "How the EU Carbon Tariffs Subvert World Trade" and pointed out that EU carbon tariffs will affect the competitive advantages of EU companies exporting to the EU and change the market competition pattern in multiple industries.
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BASF and Mitsui Chemicals collaborate on chemical recycling
Time of Update: 2021-06-04
"Combining BASF's expertise in chemical recycling with our assets in Japan, such as our technologies and ethylene crackers, will be a major step to contribute towards building a circular economy in Japan," said Akio Hirahara, the managing executive officer of Mitsui Chemicals.
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Japan's Yokohama Port will start filling LNG
Time of Update: 2021-06-04
com, according to offshore energy news on May 31: NYK Shipping Company, NYK Cruise Company, Eco Fuel Shipping Company and Yokohama City have signed a memorandum of understanding to carry out LNG bunkering business in Yokohama Port, Japan.
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Eni and BP are negotiating on Algerian oil and gas assets
Time of Update: 2021-06-04
As the uncertainty of future fossil fuel demand increases, Europe's top energy companies are reducing their oil and gas investment portfolios, retaining only the most profitable assets, and redeploying capital for the transition to clean energy.
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Russia and Pakistan agree to build Pakistan's gas pipeline
Time of Update: 2021-06-04
According to Anadolu News on May 30, Russia’s Ministry of Energy said on Friday that Russia and Pakistan have signed an agreement to build Pakistan’s natural gas pipeline.
The ministry said in a statement that the companies of both countries will soon start to implement the project which will contribute to Pakistan's energy security.
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Guangdong Petroleum fully assists in epidemic prevention and control
Time of Update: 2021-06-04
In response to the recent recurring situation of the epidemic in Guangdong, Guangdong Petroleum promptly launched the province’s systemic epidemic prevention and control measures, ensuring the supply
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U.S. oil and gas industry M&A transactions totaled 10.2 billion U.S. dollars in April
Time of Update: 2021-06-04
According to a report from the Offshore Engineering Corporation on May 28, according to GlobalData's transaction database, the United States announced that the total value of M&A transactions in the oil and gas industry in April this year reached 10.
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Anqing Petrochemical Railway Dedicated Railway Operated for 9,200 Days of Continuous and Safe Operation
Time of Update: 2021-06-04
The Transportation Department of Anqing Petrochemical always adheres to safety as a trivial matter and carefully builds safe railway lines.
The Anqing Petrochemical Transportation Department "strengthens to ensure safety" allows management to escort safe production and assessment to escort production.
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Oil prices rose and fell before the OPEC+ meeting
Time of Update: 2021-06-04
The price of Brent crude oil for July delivery on the London Intercontinental Exchange surged 17 cents to close at 69.
West Texas Intermediate crude oil futures for July delivery on the New York Mercantile Exchange fell 53 cents to close at $66.
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Fifth Construction Contracted to Build Propane Dehydrogenation Unit of Fujian Meide Petrochemical and Put into Operation
Time of Update: 2021-06-04
Sinopec News Network reported on May 28 that the first set of 660,000 tons/year propane dehydrogenation unit undertaken by the Fifth Construction Company of Refining and Chemical Engineering Group was put into operation.
5 Construction Company has won high recognition from the owners and other relevant units.
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The key installation of Fujian Gulei Refining and Chemical Integration Project was handed over
Time of Update: 2021-06-04
Sinopec News Network reported on May 28 that the key equipment of the Fujian Gulei Refining and Chemical Project, which was constructed by the Fourth Construction Company,-the ethylene plant / the national three sets of equipment / the first cycle / tank farm, was successfully completed.
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Oil prices will rise in the second half of the year due to short supply
Time of Update: 2021-06-04
According to Oil Monster news on May 31: Supported by the bright prospect of fuel demand growth in the next quarter, oil prices in Asia rose in early trading on Monday, and investors are looking forward to supply guidance at the OPEC+ meeting this week.
