Why Are Oil Stocks So Undervalued Right Now?
Why Are Oil Stocks So Undervalued Right Now?
It's not just rising U.S. stockpiles that have thrown the markets off-kilter. News that the COVID-19 Delta variant is running riot in China does not augur well for the global markets.
2021/08/06 10:14
Quiet Roads In China Are Concern For Oil Markets
Quiet Roads In China Are Concern For Oil Markets
Traffic congestion in Beijing has declined by 30 percent over the past week, and is falling in other parts of the country as well, as the spread of a new coronavirus variant gains traction, threatening the outlook for oil demand, Bloomberg reports.
2021/08/06 10:09
Has The Oil Market Learned To Live With Covid?
Has The Oil Market Learned To Live With Covid?
As the Delta variant became more prominent in July, initially in India and the U.K. and then gradually across the rest of the globe, many countries were forced back into lockdown or experienced other restrictions to work and movement. This led several experts to speculate that oil and gas demand would inevitably be driven down once again in the face of global restrictions limiting travel and industry. However, as the U.K. reduced all restrictions in mid-July, and several other countries continue to ease lockdowns, this anticipated dip in demand did not hit the industry as hard as expected.
2021/08/06 09:59
The Real Reason Big Oil Is Betting On The Hydrogen Boom
The Real Reason Big Oil Is Betting On The Hydrogen Boom
The Real Reason Big Oil Is Betting On The Hydrogen Boom
2021/08/04 11:36
DUC Well Inventory Plunges As Drillers Frack More Than They Drill
DUC Well Inventory Plunges As Drillers Frack More Than They Drill
US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in the country’s major oil regions slumped to 2,381 wells in June 2021, the lowest level since 2013, a Rystad Energy analysis reveals.
2021/08/04 11:25
Will Biden's Infrastructure Plan Threaten The U.S. Oil Industry?
Will Biden's Infrastructure Plan Threaten The U.S. Oil Industry?
Much was made about the impact of Biden's infrastructure bill on the U.S. oil and gas industry, but details suggest there is nothing to worry about.
2021/08/04 11:22
Nigeria Tries To Revive A Zombie Project
Nigeria Tries To Revive A Zombie Project
Nigeria’s oil industry has been confronted with a plethora of challenges – endless litigation, social unrest, majors regularly mulling a country exit, and all this against the background of a genuine societal demand to make oil revenues more equitable, more accessible and transparent.
2021/08/04 11:19
Merger Mania Paves The Way For A New Era In U.S. Shale
Merger Mania Paves The Way For A New Era In U.S. Shale
Mergers and acquisitions are how an industry normally handles tough times. Asset prices drop, some companies can no longer survive on their own and become targets for those with the means to grow through takeovers.
2021/08/04 11:16
WTI Falls Below $70 On Global Rise In COVID Cases
WTI Falls Below $70 On Global Rise In COVID Cases
WTI Falls Below $70 On Global Rise In COVID Cases
2021/08/04 11:11
Could Oil Still Hit $80?
Could Oil Still Hit $80?
Crude oil markets have been jittery lately as additional OPEC+ output counters expectations of continued strong demand and coincides with concerns about the resurgence of Covid-19 in key markets. Yet some believe oil could still hit $80 a barrel.
2021/08/04 09:24
Oil Starts August With A Loss
Oil Starts August With A Loss
Oil prices fell early on Monday to start August with losses after posting a fourth consecutive month of gains in July. (2021)
2021/08/03 15:02
Oil Prices Continue To Fall On Delta Variant
Oil Prices Continue To Fall On Delta Variant
Oil prices started August in the red, and kept falling into the afternoon, with both benchmarks trading down more than 3% near Monday’s close.
2021/08/03 14:57
Why Are Oil Stocks So Undervalued Right Now?
Why Are Oil Stocks So Undervalued Right Now?
It's not just rising U.S. stockpiles that have thrown the markets off-kilter. News that the COVID-19 Delta variant is running riot in China does not augur well for the global markets.
Quiet Roads In China Are Concern For Oil Markets
Quiet Roads In China Are Concern For Oil Markets
Traffic congestion in Beijing has declined by 30 percent over the past week, and is falling in other parts of the country as well, as the spread of a new coronavirus variant gains traction, threatening the outlook for oil demand, Bloomberg reports.
Has The Oil Market Learned To Live With Covid?
Has The Oil Market Learned To Live With Covid?
As the Delta variant became more prominent in July, initially in India and the U.K. and then gradually across the rest of the globe, many countries were forced back into lockdown or experienced other restrictions to work and movement. This led several experts to speculate that oil and gas demand would inevitably be driven down once again in the face of global restrictions limiting travel and industry. However, as the U.K. reduced all restrictions in mid-July, and several other countries continue to ease lockdowns, this anticipated dip in demand did not hit the industry as hard as expected.
The Real Reason Big Oil Is Betting On The Hydrogen Boom
The Real Reason Big Oil Is Betting On The Hydrogen Boom
The Real Reason Big Oil Is Betting On The Hydrogen Boom
DUC Well Inventory Plunges As Drillers Frack More Than They Drill
DUC Well Inventory Plunges As Drillers Frack More Than They Drill
US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in the country’s major oil regions slumped to 2,381 wells in June 2021, the lowest level since 2013, a Rystad Energy analysis reveals.
Will Biden's Infrastructure Plan Threaten The U.S. Oil Industry?
Will Biden's Infrastructure Plan Threaten The U.S. Oil Industry?
Much was made about the impact of Biden's infrastructure bill on the U.S. oil and gas industry, but details suggest there is nothing to worry about.
Nigeria Tries To Revive A Zombie Project
Nigeria Tries To Revive A Zombie Project
Nigeria’s oil industry has been confronted with a plethora of challenges – endless litigation, social unrest, majors regularly mulling a country exit, and all this against the background of a genuine societal demand to make oil revenues more equitable, more accessible and transparent.
Merger Mania Paves The Way For A New Era In U.S. Shale
Merger Mania Paves The Way For A New Era In U.S. Shale
Mergers and acquisitions are how an industry normally handles tough times. Asset prices drop, some companies can no longer survive on their own and become targets for those with the means to grow through takeovers.
WTI Falls Below $70 On Global Rise In COVID Cases
WTI Falls Below $70 On Global Rise In COVID Cases
WTI Falls Below $70 On Global Rise In COVID Cases
Could Oil Still Hit $80?
Could Oil Still Hit $80?
Crude oil markets have been jittery lately as additional OPEC+ output counters expectations of continued strong demand and coincides with concerns about the resurgence of Covid-19 in key markets. Yet some believe oil could still hit $80 a barrel.
Oil Starts August With A Loss
Oil Starts August With A Loss
Oil prices fell early on Monday to start August with losses after posting a fourth consecutive month of gains in July. (2021)
Oil Prices Continue To Fall On Delta Variant
Oil Prices Continue To Fall On Delta Variant
Oil prices started August in the red, and kept falling into the afternoon, with both benchmarks trading down more than 3% near Monday’s close.

Zhongyuan Oilfield opens a new mode of intelligent brain 2.0 for oil wells

2020/06/17 16:40
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On June 17, at the Wen 72-129 well site of Wenliu Oil Production Plant in Zhongyuan Oilfield, production workers were debugging the parameters of the wellhead multi-parameter sensing device. This device is the latest monitoring device after upgrading. Compared with traditional digital pressure gauges and thermostats, this device overcomes the problems of poor performance, complex structure, and easy damage, and greatly improves work efficiency. At the same time, the “smart brain” of oil wells has been upgraded again. At present, the device has been widely promoted in oil fields. Since the application of this device, Wenliu Oil Production Plant alone has saved more than 1 million yuan in maintenance costs for digital pressure gauges and thermostats.