The U.S. Retains Its Crown As World’s Top Oil Producer
The U.S. Retains Its Crown As World’s Top Oil Producer
The U.S. Retains Its Crown As World’s Top Oil Producer,and the United States remains the world’s top oil consumer, averaging 17.2 million BPD in 2020. China was second at 14.2 million BPD, and was the only country in the Top 10 to report an increase in oil consumption in 2020.
2021/08/03 14:52
New Mexico Breaks Oil Production Record
New Mexico Breaks Oil Production Record
New Mexico broke an oil production record in May, pumping an average 1.22 million barrels daily as the Permian Basin returned to output growth again.
2021/08/03 14:49
Oil Opens Lower As Delta Variant Fears Clash With Tight Supply
Oil Opens Lower As Delta Variant Fears Clash With Tight Supply
Oil prices were trading slightly down early on Monday after having fallen 1 percent in Asia trade, as the bullish factor of tight market countered the bearish factor of the Delta variant spreading in many countries.
2021/08/02 18:53
Oil Market Still Far From Being Back To ‘Normal’
Oil Market Still Far From Being Back To ‘Normal’.
Worry about oil demand sparked by the resurgence of Covid-19 in some parts of the world and a fund selloff in oil futures has reversed the recent price rally. OPEC+ reaching a deal about future production lent an assist.
2021/07/30 10:08
Is America’s Oil Industry Too Big To Fail?
Is America’s Oil Industry Too Big To Fail?
The Biden administration is making strides in reducing the United States’ dependence on fossil fuels for its energy needs. The federal government’s post-pandemic plan involves hundreds of billions in financing for renewable energy and electric vehicle projects. But it might be harder to get rid of oil and gas than some would like to believe.
2021/07/30 10:06
Total, Equinor To Quit Venezuela Venture
Total, Equinor To Quit Venezuela Venture
French TotalEnergies and Norwegian Equinor will exit their oil joint venture with PDVSA, Bloomberg has reported, citing unnamed sources familiar with the matter.
2021/07/30 10:02
U.S. Crude Inventory,crude oil exploration
Oil Tops $75 On Shrinking U.S. Crude Inventories
Brent crude futures topped $75 on Thursday morning as U.S. crude oil inventories fell to 7 percent below the five-year average, according to EIA data.
2021/07/30 09:56
Norway Won’t Give Up On Oil & Gas
Why Norway Won’t Give Up On Oil & Gas
Norway Won’t Give Up On Oil & Gas
2021/07/29 17:19
Shrinking Global Populations Poses An Existential Threat To Oil
Shrinking Global Populations Poses An Existential Threat To Oil
About a week ago, Saudi Energy Minister Prince Abdulaziz bin Salman made waves in the oil community after telling Bloomberg News that Saudi Arabia "...is going to be the last man standing, and every molecule of hydrocarbon will come out."
2021/07/29 17:16
Exxon Makes Another Major Oil Discovery Offshore Guyana
Exxon Makes Another Major Oil Discovery Offshore Guyana
ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday.
2021/07/29 17:14
Here’s Why Analysts Expect Record-High Earnings For ExxonMobil
Here’s Why Analysts Expect Record-High Earnings For ExxonMobil
Surging prices for plastics are likely to help Exxon's petrochemicals division post record-high earnings this week when the company reports its earnings.
2021/07/29 17:02
The Most Important Oil Project Of The Year Is Set To Go Live
The Most Important Oil Project Of The Year Is Set To Go Live
The Most Important Oil Project Of The Year Is Set To Go Live.Iran’s Jask oil terminal is now fully set to start loading vast quantities of crude to any major buyer in the world via the Gulf of Oman, with the first shipment of 100,000 metric tons of oil set to dock, load, and sail again within days.
2021/07/29 16:16
The U.S. Retains Its Crown As World’s Top Oil Producer
The U.S. Retains Its Crown As World’s Top Oil Producer
The U.S. Retains Its Crown As World’s Top Oil Producer,and the United States remains the world’s top oil consumer, averaging 17.2 million BPD in 2020. China was second at 14.2 million BPD, and was the only country in the Top 10 to report an increase in oil consumption in 2020.
New Mexico Breaks Oil Production Record
New Mexico Breaks Oil Production Record
New Mexico broke an oil production record in May, pumping an average 1.22 million barrels daily as the Permian Basin returned to output growth again.
Oil Opens Lower As Delta Variant Fears Clash With Tight Supply
Oil Opens Lower As Delta Variant Fears Clash With Tight Supply
Oil prices were trading slightly down early on Monday after having fallen 1 percent in Asia trade, as the bullish factor of tight market countered the bearish factor of the Delta variant spreading in many countries.
Oil Market Still Far From Being Back To ‘Normal’
Oil Market Still Far From Being Back To ‘Normal’.
Worry about oil demand sparked by the resurgence of Covid-19 in some parts of the world and a fund selloff in oil futures has reversed the recent price rally. OPEC+ reaching a deal about future production lent an assist.
Is America’s Oil Industry Too Big To Fail?
Is America’s Oil Industry Too Big To Fail?
The Biden administration is making strides in reducing the United States’ dependence on fossil fuels for its energy needs. The federal government’s post-pandemic plan involves hundreds of billions in financing for renewable energy and electric vehicle projects. But it might be harder to get rid of oil and gas than some would like to believe.
Total, Equinor To Quit Venezuela Venture
Total, Equinor To Quit Venezuela Venture
French TotalEnergies and Norwegian Equinor will exit their oil joint venture with PDVSA, Bloomberg has reported, citing unnamed sources familiar with the matter.
U.S. Crude Inventory,crude oil exploration
Oil Tops $75 On Shrinking U.S. Crude Inventories
Brent crude futures topped $75 on Thursday morning as U.S. crude oil inventories fell to 7 percent below the five-year average, according to EIA data.
Norway Won’t Give Up On Oil & Gas
Why Norway Won’t Give Up On Oil & Gas
Norway Won’t Give Up On Oil & Gas
Shrinking Global Populations Poses An Existential Threat To Oil
Shrinking Global Populations Poses An Existential Threat To Oil
About a week ago, Saudi Energy Minister Prince Abdulaziz bin Salman made waves in the oil community after telling Bloomberg News that Saudi Arabia "...is going to be the last man standing, and every molecule of hydrocarbon will come out."
Exxon Makes Another Major Oil Discovery Offshore Guyana
Exxon Makes Another Major Oil Discovery Offshore Guyana
ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday.
Here’s Why Analysts Expect Record-High Earnings For ExxonMobil
Here’s Why Analysts Expect Record-High Earnings For ExxonMobil
Surging prices for plastics are likely to help Exxon's petrochemicals division post record-high earnings this week when the company reports its earnings.
The Most Important Oil Project Of The Year Is Set To Go Live
The Most Important Oil Project Of The Year Is Set To Go Live
The Most Important Oil Project Of The Year Is Set To Go Live.Iran’s Jask oil terminal is now fully set to start loading vast quantities of crude to any major buyer in the world via the Gulf of Oman, with the first shipment of 100,000 metric tons of oil set to dock, load, and sail again within days.

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.