China's crude oil imports from Russia surged 55 percent in May from a year earlier to a record level, allowing Russia to replace Saudi Arabia as China's largest crude supplier. With Sanctions imposed on Russia over the conflict with Ukraine, Chinese refiners have taken advantage of discounts on Russ
By June 20, the future price of light crude oil from New York Mercantile Exchange closed at USD107.65 a barrel, droped by Approx.9.4 % from June 13.2022, The future price of crude oil from London Brent closed at $112.66 a barrel, droped by approx. 6.2% from June 13.2022.
The sucker rod coupling have the same box thread size in each end are used for connecting sucker rod and/or pony rod, and/or sinker bars with sucker rod threads. Specification: 5/8”, 3/4”, 7/8”, 1”, 1-1/8Class: T, SM (Spraying Metal)Standard: API 11B
Reporters noted that crude oil futures rose Wednesday to their highest level in 13 weeks. U.S. gasoline demand continues to rise, along with expectations of higher overseas demand for crude and concerns about the supply outlook in several countries, boosting oil prices.WTI crude was up 0.14% at $122
CNPC Logging Co., LTD. (hereinafter referred to as CNPC Logging) has successfully developed the first 230 ° C /170 mpa small-diameter instrument in China. The main technical indicators are of international advanced level, which can effectively meet the logging requirements of ultra-high temperature,
Recently, in the Pearl River Mouth Basin, which is more than 200 kilometers southeast of Shenzhen and about 284 meters deep, the offshore installation work of Haiji No.1 platform, the first deepwater jacket platform in Asia designed and built by China, has been completed. The total weight of the pla
By May 30,2022, the future price of light crude oil from New York Mercantile Exchange closed at 116.04 a barrel, increased by Approx. 4.71% from May 23.2022, The future price of crude oil from London Brent closed at $116.42 a barrel, increased by approx. 2.78% from May 23.2022.
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