Oil production

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  • 2022-10-13

    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
  • 2022-10-09

    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
  • 2022-09-30

    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.
  • 2022-09-28

    Last week, South American customers ordered torque anchors and accessories. The characteristics of our company's torque anchors are that there is no need to lift and lower the seat seal when going down the well, and the centering performance is good, so that the tubing and sucker rod are always in a
  • 2022-09-16

    Saudi Arabia told OPEC it raised crude output to just over 11 million barrels per day last month, surpassing the symbolic level for the first time in two years, as the kingdom fulfilled its commitment to stabilizing global market commitment.OPEC agreed to speed up the resumption of supply suspension
  • 2022-08-25

    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
  • 2022-08-24

    India's crude oil production fell 3.8 percent in July from the same month in 2021, as private companies and state-owned Oil and Natural Gas Corporation (ONGC) pumped less crude at some fields.India's crude oil production fell to 2.45 million tonnes in July from 2.54 million tonnes in July last year,
  • 2022-08-18

    Sinopec announced on August 10, the company in the field of oil and gas exploration and development of "deep engineering" to get breakthrough - the north 803 slope test yield industrial flows, reduced nissan 970000 cubic meters of 244.3 tons of crude oil, natural gas, oil and gas equivalent of 1017
  • 2022-08-15

    By Aug 15, the future price of light crude oil from New York Mercantile Exchange closed at USD91.08 a barrel, increased by Approx.1.96% from Aug 8 .2022, The future price of crude oil from London Brent closed at $97.11 a barrel, increased by approx. 1.87% from Aug 8.2022.
  • 2022-08-12

    According 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
  • 2022-08-05

    South 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
  • 2022-08-04

    On 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
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