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

Valve ball and seat is one of key parts of subsurface sucker rod pump. Its performance directly affects the use effect and service life of sucker rod pump. Good quality will increase the oil production and reduce maintain times of pump to improve the oil well’s economic benefit.The ball and seat are

On May 11, China's first set of home-made deep-water Chirstmas tree was installed in Yinggehai, Hainan. The equipment is an important part of the subsea oil and gas production system engineering demonstration project led by CNOOC, marking a key step in the development of key technologies and equipme

By May 16,2022, the future price of light crude oil from New York Mercantile Exchange closed at 109.06 a barrel, dropped by Approx. 0.45% from May 9. The future price of crude oil from London Brent closed at $109.98 a barrel, dropped by approx. 2.08% from May 9.2022.

Kazakhstan's oil production (excluding condensate) was 5.859 million tons (1.426 million b/d) in April, down 8% from March, due to ongoing maintenance of CPC terminals, calculations show.Oil exports through the CPC pipeline were cut off from the end of March to the end of April due to damage to the

1. Introduction of Float collar and float shoeFloat collar and float shoe are conventional necessary accessories of casing string substructure, usually connected in the bottom of casing string, used to guide the casing string smoothly into the well, to prevent cement back flow and create pressure th

The torque anchor is a special anchor for PC pump. With good centering performance, the anchor is seated in the well without lifting and down. It has easy operation and good stability. The anchor’s blocks are anchored in the inner wall of the casing at same time with same pressure pressing on the ca

By April 25,2022, the future price of light crude oil from New York Mercantile Exchange closed at 99.32 a barrel, dropped by Approx. 7.97% from Last Monday. The future price of crude oil from London Brent closed at $103.28 a barrel, dropped by approx. 8.38% from Last Monday.