Article List
- Global crude oil demand is expected to grow by 3.1 million barrels per day in 2022According to the monthly oil market report released by the Organization of the Petroleum Exporting Countries (OPEC) on August 11, OPEC lowered its forecast for global economic growth in 2022 from 3.5% to 3.1%, and lowered its forecast for global economic growth in 2023 from 3.2% to 3.1%. In addition
- Many kinds of thread protectors1. Introduction of thread protectorsThe thread protectors are used to protect thread of tubing, casing and drill pipe.2. Material1. Plastic: Polyethylene2. Steel: Carbon steel3. Structure1. Pure plastic2. Plastic & steel2.1 Steel frame, plastic inside and outside2.2 Steel outside, plastic inside4. S
- Latest international oil price and global epidemic data-Aug 8.2022By Aug 8, the future price of light crude oil from New York Mercantile Exchange closed at USD89.33 a barrel, dropped by Approx.8.48% from Aug 1 .2022, The future price of crude oil from London Brent closed at $95.33 a barrel, dropped by approx. 7.6% from Aug 1.2022.
- South Sudan government expects 4% drop in oil production this yearSouth Sudan's "Vision Radio" website August 4, 2022 News The South Sudanese government predicts that oil production will be reduced by 6,000 barrels per day due to depleted oil wells and the impact of floods on fields.South Finance and Planning Minister Agak Acuil said oil production capacity is exp
- Asia's largest offshore oil production platform has been installed in the Pearl River Mouth BasinOn August 1st, CNOOC reported that Enping 15-1 Central platform, the largest offshore oil production platform in Asia, completed the overall floating installation in the Pearl River Mouth Basin, which indicated that the design, construction and installation capacity of China's super large offshore o
- The Pressure Actuated plunger ordered by the customer has finished productionThe Central American customer of our company has ordered a batch of Pressure actuated plunger since the beginning of the year. After testing and using by the customer, the plunger fully meets their technical requirements, and the price is more competitive than the ones purchased from other customers
- Subsurface sucker rod pump from Tianjin Soright TechAlso referred to as “ insert pump” as it is installed inside the tubing it is not necessary to run and pill the tubing. It can enter the tubing with the sucker rod and set, which can greatly reduce the operation cost. According to the setting mode, it is divided into a cup setting and a mechanical s
- Latest international oil price - Aug 1, 2022By Aug 1, the future price of light crude oil from New York Mercantile Exchange closed at USD97.61 a barrel, increased by Approx.0.18% from Jul 25 .2022, The future price of crude oil from London Brent closed at $103.18 a barrel, increased by approx. 5.90% from Jul 25.2022.
- U.S. crude oil exports surged to a record high last weekThe U.S. exported more than 4.5 million barrels a day of crude oil last week, the highest weekly export on record, according to the U.S. Energy Information Administration's Weekly Petroleum Report. Last week's exports of 4.55 million b/d topped the previous all-time high of 4.46 million b/d in the w
- China will vigorously promote oil and gas exploration and oil service industry to meet the boom cycleOn July 24, the National Energy Administration organized a meeting to promote the efforts of oil and gas exploration and development in 2022. It proposed to vigorously promote the implementation of oil-and-gas related plans, increase upstream investment with greater efforts, and help ensure economic