As of October 12, the annual output of oil and gas equivalent of Changqing Oilfield reached 50.1083 million tons, including 20.09 million tons of crude oil and 37.671 billion cubic meters of natural gas. The oil and gas equivalent exceeded 50 million tons for 10 consecutive years, realizing the "ten

South American customers ordered torque anchors and accessories, after 20 days or so, the production has been completed. The customer ordered two sizes, 2-7/8 X 5-1/2 and 2-7/8 X 7, as well as the matching block and spring.

By Oct 17,2022, the future price of light crude oil from New York Mercantile Exchange closed at USD86.24 a barrel. drop $5.85 than Oct 10.2022, the drop rate is 6.4%. The future price of crude oil from London Brent closed at $92.32 a barrel, dropped $5.04 than Oct 10.2022.the drop rate is 5.2%.

On October 13, local time, the International Energy Agency released its Oil Market Report for October. The report said continued deterioration in the economy and rising oil prices triggered by the Opec + production cut plan were slowing global oil demand. The IEA stressed that higher oil prices, ami

As of October 9, THE accumulative OIL AND GAS production OF Fuman Oilfield of Tarim Oilfield Company of PETROCHINA, the largest ultra-deep oil field in China located in the hinterland of Taklimakan Desert, exceeded 10 million tons, including 8.6796 million tons of crude oil and 1.668 billion cubic m

Central American customer orders 300pcs B11-125, B11-150, B11-200, B12-125,B12-150, B12-200 pump barrels, 150pcs 1-1/8 rod, and 2000pcs rod centralizers, etc. Over the course of the contract, the customer added 500 additional pump fittings and slim hole rod couplings, all of which have been complete

In the process of oil production by pumping unit, high-pressure gas flow will appear suddenly in the well, If the wellhead is not equipped with a blowout preventer, the stuffing box alone is not enough to control the wellhead pressure and can easily cause a blowout. Therefore, it is necessary to ins

The major reason for the continuous rise in international oil prices is that OPEC+ decided to cut crude oil production by 2 million barrels per day in November at its meeting on 5th this month. As OPEC+ is mainly composed of 13 Opec countries led by Saudi Arabia and 10 non-OPEC countries led by Russ

Opec +'s decision this week to cut the alliance's total oil production target by 2 million barrels per day (BPD) won't help the already uncertain outlook for oil supplies and oil trade flows, refiners and traders told Bloomberg.Earlier this week, OPEC+ announced its biggest collective production cut

Recently, the drilling and construction project of Guaizihu Guai 16 oil and gas well of Inner Mongolia Oil Production Plant of Zhongyuan Oilfield Company of Sinopec, contracted by the Drilling Engineering Company of Inner Mongolia Coal Exploration Group, has been successfully completed. The drilling

WTI crude traded around $82 a barrel as traders weighed the poor outlook for global economic growth against the possibility of Opec + production cuts. Opec and its Allies will discuss production cuts at a meeting next week, a delegate said, a move that could help stem the recent slump in oil prices.

China Petroleum News (special reporter Tan Yixin, correspondent Ma Ziqiang) From September 22 to 23, the 2022 Oil and Gas Well Perforating Technology Seminar hosted by the Logging Professional Committee of the China Petroleum Society was held in Yangzhou, Jiangsu. More than 130 experts and scholars