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.