By Sep 5, the future price of light crude oil from New York Mercantile Exchange closed at USD88.27 a barrel,dropped by Approx.6.28% from Aug 28 .2022, The future price of crude oil from London Brent closed at $94.48 a barrel, dropped by approx. 5.67% from Aug 28.2022.

CNOOC (August 29) announced that the cumulative production of oil and gas has exceeded 200 million tons since the development of Liaodong Bay in the Bohai Oilfield for 30 years.Liaodong Bay is the sea area with the highest latitude in my country and is rich in oil and gas resources. The cumulative p

China's total oil and gas production hit a record high in the first seven months of this year, strongly supporting economic and social development and people's livelihood needs, the National Energy Administration said on August 18.A person in charge of the National Energy Administration introduced t

Ghana'S CENTRAL bank yesterday raised its benchmark interest rate by 300 basis points to 22% from 19% and raised the basic reserve requirement ratio (RRR) for banks in stages from 12% to 15% at an emergency meeting of its monetary policy committee. In addition, Ghana's central bank said it was worki

On 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

Norway's Aker BP completed the acquisition of Lundi Energy's oil and gas business on June 30, 2022, the Economic Daily News reported on July 20.Aker BP became the second-largest oil producer after Norway's National Oil Company, pumping more than 400,000 barrels of oil equivalent per day, or 10 per c

On June 26, the reporter learned from offshore Oil Engineering Co., LTD that China's first offshore oil and gas production equipment intelligent manufacturing base -- CNOOC Tianjin Intelligent Manufacturing Base was officially put into operation, marking a major breakthrough in the intelligent trans

British Chancellor of the Exchequer John Sunak announced in the House of Commons on May 26 that the UK will impose a 25% tax on energy profits made by oil and gas companies.Mr. Sunak said the tax was temporary and would be phased out when oil and gas prices returned to more normal levels historicall

Petrobras announced a $16 billion revamp of the Campos Basin, offshore Brazil, which includes plans to introduce three new platforms and connect more than 100 oil RIGS to the area.The Brazilian state-owned oil and gas company will invest over the next five years. Petrobras says it will use new techn

1. Introduction of Polished rod clamp the polished rod clamps are used to connect the polished rod and pump unite. 2. Material1. Chemical CompositionTo meet the requirements of this specification, polished rod manufactured from any AISI or equivalent specification recommended cast iron or carbon ste

The Tehran Times reported on April 11 that the Iranian Oil Terminal Company said it was accelerating the development of oil projects to boost exports of oil and natural gas condensate. Kahag Island is a continental island in the Persian Gulf in southern Iran, 25 kilometers off the coast of Iran and