OPEC Could Win Big As Supermajors Fend Off Environmentalists
OPEC Could Win Big As Supermajors Fend Off Environmentalists
Environmentalists and shareholders concerned about the risks of investing in oil in the energy transition were not the only winners of last week’s historic rebukeof Big Oil by investors and society.
2021/06/01 08:35
BlackRock: BP should pass shareholder resolutions as soon as possible to reduce carbon emissions
BlackRock: BP should pass shareholder resolutions as soon as possible to reduce carbon emissions
BlackRock does not approve of the requirements of the BP board of directors and hopes that the company can adopt shareholder resolutions on environmental protection in a deeper and faster manner.
2021/05/29 13:46
Africa’s Oil Nations Will Be Doomed If Exploration Is Halted
Africa’s Oil Nations Will Be Doomed If Exploration Is Halted
The IEA’s shocking call for no new oil and gas exploration on the path to net-zero emissions doesn’t necessarily follow that demand through to its logical end game. A line-up of countries would descend into chaos, creating global instability that would itself threaten the climate by hindering a natural energy transition.
2021/05/28 08:52
Iranian Pipeline To Make First Shipment In June
Sanctions-busting Iranian Pipeline To Make First Shipment In June
Iran’s Goreh-Jask oil pipeline is due to ship its first crude oil in June, with all construction having finished last week. This pipeline will enable Iran to transport huge quantities of oil from its major oil fields via Goreh in the Shoaybiyeh-ye Gharbi Rural District of Khuzestan Province 1100 kilometres to the port of Jask in Hormozgan province on the Gulf of Oman.
2021/05/27 10:53
A Rare Moment Of Stability For Oil Prices
A Rare Moment Of Stability For Oil Prices
Oil prices have generally been trending higher over the past few months as the demand outlook for the commodity improved amid mass vaccination efforts. This week, however, benchmarks have experienced a rare moment of stability.
2021/05/26 09:35
Goldman Sees $80 Oil This Year Despite Pending Iran Deal
Goldman Sees $80 Oil This Year Despite Pending Iran Deal
Goldman Sachs still expects crude oil to rise to $80 per barrel by the end of the year despite reports about progress on U.S.- Iranian talks about the lifting of sanctions.
2021/05/25 10:33
Barclays: Reopening Economies Drive Oil Demand Higher
Barclays: Reopening Economies Drive Oil Demand Higher
Global oil demand is recovering with major economies reopening amid a cautious supply approach from OPEC+ and restraint in U.S. shale, Barclays said on Friday.
2021/05/24 16:01
CNOOC crew
China extends oil market dominance as tax code forces buying shift
(Bloomberg) --China is set to extend its dominance in the global oil market as planned tax adjustments spark a chain reaction, prompting processors to boost crude imports and raise refinery run rates.
2021/05/22 08:46
Oil Demand Set To Surge As Travel Picks Up
Oil Demand Set To Surge As Travel Picks Up
As restrictions ease across Europe, we are slowly seeing a resurgence in fuel demand for travel, not only in gasoline and diesel but also in jet fuel as travel and tourism gradually pick up.
2021/05/21 08:47
There Is Light At The End Of The Tunnel For Argentina’s Oil Industry
There Is Light At The End Of The Tunnel For Argentina’s Oil Industry
By early April 2021, striking healthcare workers demanding higher wages as they managed Argentina’s COVID-19 crisis, were blockading the sprawling Vaca Muerta shale oil and gas deposit in Neuquen. That province is at the heart of Argentina’s hydrocarbon sector - pumping over a third of Argentina’s total crude oil production and half of its natural gas.
2021/05/21 08:39
The IEA May Have Given OPEC A Huge Gift
The IEA May Have Given OPEC A Huge Gift
An immediate halt to oil exploration is one of the steps that need to be taken in order for the world to reach Paris Agreement climate change commitments. That’s what the International Energy Agency said in a first-of-its-kind roadmap to net zero.
2021/05/20 09:42
Oil Prices Tumble As Crude Inventories Rise
Oil Prices Tumble As Crude Inventories Rise
Crude oil prices moved further down today after the Energy Information Administration reported a crude oil inventory build of 1.3 million barrels for the week to May 14.
2021/05/20 09:15
OPEC Could Win Big As Supermajors Fend Off Environmentalists
OPEC Could Win Big As Supermajors Fend Off Environmentalists
Environmentalists and shareholders concerned about the risks of investing in oil in the energy transition were not the only winners of last week’s historic rebukeof Big Oil by investors and society.
BlackRock: BP should pass shareholder resolutions as soon as possible to reduce carbon emissions
BlackRock: BP should pass shareholder resolutions as soon as possible to reduce carbon emissions
BlackRock does not approve of the requirements of the BP board of directors and hopes that the company can adopt shareholder resolutions on environmental protection in a deeper and faster manner.
Africa’s Oil Nations Will Be Doomed If Exploration Is Halted
Africa’s Oil Nations Will Be Doomed If Exploration Is Halted
The IEA’s shocking call for no new oil and gas exploration on the path to net-zero emissions doesn’t necessarily follow that demand through to its logical end game. A line-up of countries would descend into chaos, creating global instability that would itself threaten the climate by hindering a natural energy transition.
Iranian Pipeline To Make First Shipment In June
Sanctions-busting Iranian Pipeline To Make First Shipment In June
Iran’s Goreh-Jask oil pipeline is due to ship its first crude oil in June, with all construction having finished last week. This pipeline will enable Iran to transport huge quantities of oil from its major oil fields via Goreh in the Shoaybiyeh-ye Gharbi Rural District of Khuzestan Province 1100 kilometres to the port of Jask in Hormozgan province on the Gulf of Oman.
A Rare Moment Of Stability For Oil Prices
A Rare Moment Of Stability For Oil Prices
Oil prices have generally been trending higher over the past few months as the demand outlook for the commodity improved amid mass vaccination efforts. This week, however, benchmarks have experienced a rare moment of stability.
Goldman Sees $80 Oil This Year Despite Pending Iran Deal
Goldman Sees $80 Oil This Year Despite Pending Iran Deal
Goldman Sachs still expects crude oil to rise to $80 per barrel by the end of the year despite reports about progress on U.S.- Iranian talks about the lifting of sanctions.
Barclays: Reopening Economies Drive Oil Demand Higher
Barclays: Reopening Economies Drive Oil Demand Higher
Global oil demand is recovering with major economies reopening amid a cautious supply approach from OPEC+ and restraint in U.S. shale, Barclays said on Friday.
CNOOC crew
China extends oil market dominance as tax code forces buying shift
(Bloomberg) --China is set to extend its dominance in the global oil market as planned tax adjustments spark a chain reaction, prompting processors to boost crude imports and raise refinery run rates.
Oil Demand Set To Surge As Travel Picks Up
Oil Demand Set To Surge As Travel Picks Up
As restrictions ease across Europe, we are slowly seeing a resurgence in fuel demand for travel, not only in gasoline and diesel but also in jet fuel as travel and tourism gradually pick up.
There Is Light At The End Of The Tunnel For Argentina’s Oil Industry
There Is Light At The End Of The Tunnel For Argentina’s Oil Industry
By early April 2021, striking healthcare workers demanding higher wages as they managed Argentina’s COVID-19 crisis, were blockading the sprawling Vaca Muerta shale oil and gas deposit in Neuquen. That province is at the heart of Argentina’s hydrocarbon sector - pumping over a third of Argentina’s total crude oil production and half of its natural gas.
The IEA May Have Given OPEC A Huge Gift
The IEA May Have Given OPEC A Huge Gift
An immediate halt to oil exploration is one of the steps that need to be taken in order for the world to reach Paris Agreement climate change commitments. That’s what the International Energy Agency said in a first-of-its-kind roadmap to net zero.
Oil Prices Tumble As Crude Inventories Rise
Oil Prices Tumble As Crude Inventories Rise
Crude oil prices moved further down today after the Energy Information Administration reported a crude oil inventory build of 1.3 million barrels for the week to May 14.

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.