Russia's oil production continues to exceed expectations as the conflict between Russia and Ukraine continues for six months. Russian oil shipments reached their highest level in August for the period, according to the Institute of International Finance (IIF), with Greek-owned tankers playing the bi

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

By Aug 1, the future price of light crude oil from New York Mercantile Exchange closed at USD97.61 a barrel, increased by Approx.0.18% from Jul 25 .2022, The future price of crude oil from London Brent closed at $103.18 a barrel, increased by approx. 5.90% from Jul 25.2022.

U.S. crude oil production and demand will increase in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said Tuesday in its Short-term Energy Outlook (STEO) report.The EIA forecasts U.S. oil production to rise to 11.91 million barrels per day in 2022, 12.77 million barrels

China national Offshore Oil Corporation (CNOOC) announced on June 14 that it has put into use China's first domestically produced deepwater subsea tree as it successfully completed a test operation of an subsea gas well in Yinggehai, Hainan province. This indicates that China has the ability to desi

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

By May 9,2022, the future price of light crude oil from New York Mercantile Exchange closed at 109.59 a barrel, increased by Approx. 10.24% from April 25. The future price of crude oil from London Brent closed at $112.32 a barrel, increased by approx. 8.75% from April 25.2022.