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Industry Tendency

01-18

2018

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Self-suspending Proppant Applied for the Hydraulic Fracturing System...

In the present technology, the proppant used in the fracturing construction in the oil field is mainly silica sand and ceramic sand. Silica sand is a petroleum fracturing proppant, it has a relatively low density, easily pumped and low price,

01-18

2018

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NYMEX crude oil prices climb pending OPEC meeting, US inventory...

Light, sweet crude oil climbed modestly on the New York Mercantile Exchange May 23 with the July contract settling at nearly $51.50/bbl.

01-18

2018

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The One Belt, One Road Initiative...

For thousands of years, the Silk Road spirit-“peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit”-has been passed from generation to generation, promoted the progress of human civilization,

01-18

2018

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NYMEX, Brent crude oil prices gain pending inventory reports...

US light, sweet crude oil and Brent crude oil both gained moderately on June 13 pending release of the International Energy Agency’s monthly report and the US government’s weekly oil and products inventory report.

01-18

2018

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A New Company, A New Age...

GE has merged Baker Hughes, a new company named Bake Hughes a GE company established. The new company will begin trading on Wednesday on the New York Stock Exchange under the stock ticker "BHGE."

01-18

2018

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Pemex plans late July restart of Salina Cruz refinery...

Pemex Transformación Industrial (PTI), the processing arm of Mexico’s state-owned Petroleos Mexicanos SA, is working to restart its 330,000-b/d Antonio Dovali Jaime refinery in Salina Cruz,

01-18

2018

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EIA estimates that by 2018, the average oil price will be $ 50 / barrel...

EIA now forecasts Brent crude oil spot prices to average $51/bbl in 2017 and $52/bbl in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/bbl lower than Brent prices in 2017 and 2018.

01-18

2018

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Permian oil producers hedging 65% of their output at $50/bbl...

Crude oil-weighted operators in the Permian basin have hedged 65% of their remaining 2017 oil production at $50/bbl and 50% of their remaining gas production at $3/Mcf, according to analysis from IHS Markit Ltd.

01-18

2018

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Indonesia offers 15 oil and gas blocks to potential companies...

Indonesia’s crude oil production declined over the last decade due to the natural maturation of producing oil fields combined with a slower reserve replacement rate because of decreased exploration/investment.

01-18

2018

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OPEC took the initiative to meet with US shale oil and gas companies...

OPEC Secretary General recently said that OPEC took an active "ice breaking", meeting with major US shale oil and gas companies during the World Oil Congress in Istanbul, Turkey, was productive.

01-18

2018

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International oil prices rose on the 5th...

According to Bloomberg, the US government will release 1 million barrels of oil from strategic reserves and supply oil refineries along the Gulf of Mexico.

01-18

2018

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High energy consuming industry is struggling...

In recent years, China's soaring economy brings the subsequent problems of severe environmental pollution. With Chinese government puts more efforts on environmental protection, environmental protection bureau have frequently inspected and stationed all over the country for environmental protection.

01-18

2018

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India hope the foreign investors to participate in energy projects...

According to Reuters, October 10, New Delhi reported that Indian oil and gas minister Pradan on Tuesday (10) in New Delhi said that because India intends to cut imports, the world's third largest oil consumer hope in the next 10 years to attract foreign Investors are involved in the country's $ 300 billion energy project.

01-18

2018

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The United Arab Emirates expects oil prices to rebound...

The United Arab Emirates national newspaper reports, the energy minister ma road, said recently that in the past two months, the United Arab Emirates oil exports by 10%,

01-18

2018

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Winter Solstice...

The winter solstice (or hibernal solstice), also known as midwinter, is an astronomical phenomenon marking the day with the shortest period of daylight and the longest night of the year.