Investments in oil and gas exploration and production continue to be depressed
Oil Investment Must Rise To $525 Billion Per Year To Avoid Supply Crunch
Investments in oil and gas exploration and production continue to be depressed
Moody's: Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock
2021/12/09 16:11
Across the world, politicians are grappling with the reality of expensive energy.World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
World Leaders Have To Face The Truth About Oil Demand
Across the world, politicians are grappling with the reality of expensive energy
Price shocks, scarcity and energy poverty are on the cards after two consecutive years of underinvestment in the oil and gas industry
World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
2021/12/09 15:59
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills Nigeria struggles to keep oil majors interested in sustaining their operations in the country The country’s new petroleum bill is no guaranteed recipe for success
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria struggles to keep oil majors interested in sustaining their operations in the country
The country’s new petroleum bill is no guaranteed recipe for success
2021/12/07 15:31
California is also importing more oil from the Amazon rainforest than any country in the world.
California Is Addicted To Oil From The Amazon
California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants to double down on wind and solar.

It is also importing more oil from the Amazon rainforest than any country in the world.
2021/12/07 15:14
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.
U.S. Rig Count Unchanged After Crazy Week In Oil Markets
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.There has been no net change to the number of active drilling rigs in the United States this week, according to Baker Hughes.
2021/12/06 14:57
OPEC+ agreed to ease production cuts in January by 400,000 bpd OPEC+: There will also be an extension of the compensation cuts
OPEC+ To Add 400,000 Bpd In January Despite Oil Price Plunge
OPEC+ agreed to ease production cuts in January by 400,000 bpd
OPEC+: There will also be an extension of the compensation cuts
Saudi Arabia and Russia had already signaled that Omicron shouldn’t be a reason to jump to hasty decisions
2021/12/03 13:57
The latest drop in oil prices plays to the cartel’s concerns over oil demand in the near to medium term.
$70 Oil Won't Keep OPEC Happy
Oil prices plunged on Friday on renewed fears of a COVID-19-fueled drop in demand.

OPEC has been slow to open the taps despite soaring oil prices over the past several months.

The latest drop in oil prices plays to the cartel’s concerns over oil demand in the near to medium term.
2021/12/01 08:48
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
2021/12/01 08:32
In line with the UAE’s position as a key U.S. ally in the region going forward, U.S. companies featured heavily in the contract awards
UAE Pumps $6 Billion Into Oil And Gas Expansion Projects
ADNOC is planning to invest up to US$6 billion towards improving its drilling business

In line with the UAE’s position as a key U.S. ally in the region going forward, U.S. companies featured heavily in the contract awards
2021/11/29 18:19
Demand for oil and gas is up, as we are seeing increased shortages globally, forcing the world’s oil-producing countries to ramp up production.
Canada's Ambitious New Plan To Save Its Oil Sands
Canada’s ambitious plan to utilize geothermal energy could help save its economically-dependent oil sands.
2021/11/29 18:13
US President Joe Biden announced the release of 50 million barrels of crude oil from the Strategic Petroleum Reserve Analysts: The SPR release has been priced in already
Biden Announces 50 Million Barrels SPR Release To Lower Oil Prices
US President Joe Biden announced the release of 50 million barrels of crude oil from the Strategic Petroleum Reserve

Analysts: The SPR release has been priced in already
2021/11/24 21:08
A potential ban on crude oil exports is under consideration at the White House, a Democratic Congressman told Bloomberg, adding that “The economics of it makes sense.”
Biden Administration Considers Ban On U.S. Oil Exports
A potential ban on crude oil exports is under consideration at the White House, a Democratic Congressman told Bloomberg, adding that “The economics of it makes sense.”
2021/11/24 21:05
Investments in oil and gas exploration and production continue to be depressed
Oil Investment Must Rise To $525 Billion Per Year To Avoid Supply Crunch
Investments in oil and gas exploration and production continue to be depressed
Moody's: Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock
Across the world, politicians are grappling with the reality of expensive energy.World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
World Leaders Have To Face The Truth About Oil Demand
Across the world, politicians are grappling with the reality of expensive energy
Price shocks, scarcity and energy poverty are on the cards after two consecutive years of underinvestment in the oil and gas industry
World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills Nigeria struggles to keep oil majors interested in sustaining their operations in the country The country’s new petroleum bill is no guaranteed recipe for success
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria struggles to keep oil majors interested in sustaining their operations in the country
The country’s new petroleum bill is no guaranteed recipe for success
California is also importing more oil from the Amazon rainforest than any country in the world.
California Is Addicted To Oil From The Amazon
California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants to double down on wind and solar.

It is also importing more oil from the Amazon rainforest than any country in the world.
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.
U.S. Rig Count Unchanged After Crazy Week In Oil Markets
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.There has been no net change to the number of active drilling rigs in the United States this week, according to Baker Hughes.
OPEC+ agreed to ease production cuts in January by 400,000 bpd OPEC+: There will also be an extension of the compensation cuts
OPEC+ To Add 400,000 Bpd In January Despite Oil Price Plunge
OPEC+ agreed to ease production cuts in January by 400,000 bpd
OPEC+: There will also be an extension of the compensation cuts
Saudi Arabia and Russia had already signaled that Omicron shouldn’t be a reason to jump to hasty decisions
The latest drop in oil prices plays to the cartel’s concerns over oil demand in the near to medium term.
$70 Oil Won't Keep OPEC Happy
Oil prices plunged on Friday on renewed fears of a COVID-19-fueled drop in demand.

OPEC has been slow to open the taps despite soaring oil prices over the past several months.

The latest drop in oil prices plays to the cartel’s concerns over oil demand in the near to medium term.
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
In line with the UAE’s position as a key U.S. ally in the region going forward, U.S. companies featured heavily in the contract awards
UAE Pumps $6 Billion Into Oil And Gas Expansion Projects
ADNOC is planning to invest up to US$6 billion towards improving its drilling business

In line with the UAE’s position as a key U.S. ally in the region going forward, U.S. companies featured heavily in the contract awards
Demand for oil and gas is up, as we are seeing increased shortages globally, forcing the world’s oil-producing countries to ramp up production.
Canada's Ambitious New Plan To Save Its Oil Sands
Canada’s ambitious plan to utilize geothermal energy could help save its economically-dependent oil sands.
US President Joe Biden announced the release of 50 million barrels of crude oil from the Strategic Petroleum Reserve Analysts: The SPR release has been priced in already
Biden Announces 50 Million Barrels SPR Release To Lower Oil Prices
US President Joe Biden announced the release of 50 million barrels of crude oil from the Strategic Petroleum Reserve

Analysts: The SPR release has been priced in already
A potential ban on crude oil exports is under consideration at the White House, a Democratic Congressman told Bloomberg, adding that “The economics of it makes sense.”
Biden Administration Considers Ban On U.S. Oil Exports
A potential ban on crude oil exports is under consideration at the White House, a Democratic Congressman told Bloomberg, adding that “The economics of it makes sense.”

Zhongyuan Oilfield opens a new mode of intelligent brain 2.0 for oil wells

2020/06/17 16:40
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On June 17, at the Wen 72-129 well site of Wenliu Oil Production Plant in Zhongyuan Oilfield, production workers were debugging the parameters of the wellhead multi-parameter sensing device. This device is the latest monitoring device after upgrading. Compared with traditional digital pressure gauges and thermostats, this device overcomes the problems of poor performance, complex structure, and easy damage, and greatly improves work efficiency. At the same time, the “smart brain” of oil wells has been upgraded again. At present, the device has been widely promoted in oil fields. Since the application of this device, Wenliu Oil Production Plant alone has saved more than 1 million yuan in maintenance costs for digital pressure gauges and thermostats.