New Canadian Pipeline To Boost Oil Prospects
New Canadian Pipeline To Boost Oil Prospects
Canadian oil industry's new hope is the Trans Mountain conduit which is set to begin operating next year.
The pipeline expansion will help Canada increase its pipeline capacity, overcome constraints and open new markets in Asia, improving price for crude.
The pipeline will transport around two times as much oil as previously, with capacity at 890,000 bpd, and it is expected to reinvigorate the industry and boost oil prospects.
2023/04/14 17:40
Hedge Funds Are Still Bearish On Oil But Bulls Are Gaining Steam
Hedge Funds Are Still Bearish On Oil But Bulls Are Gaining Steam
Standard Chartered: a large oil surplus started building in late 2022 and spilled over into the first quarter of the current year.
U.S. gasoline inventories are hovering near an eight-year low in March.
The demand element of the data has also become stronger, with the four-week average of the demand bull-bear sub-index turning positive.
2023/04/07 17:37
Oil Rallies On Large Crude Draw
Oil Rallies On Large Crude Draw
Oil prices ticked up today, after the U.S. Energy Information Administration reported a crude oil inventory draw of 7.5 million barrels for the week to March 21.
2023/03/31 17:34
Oil Rig Count Inches Higher As WTI Holds Below $70
Oil Rig Count Inches Higher As WTI Holds Below $70
The total number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

2023/03/24 17:31
Ban On IOCs In Iraqi Kurdistan May Be Lifted
IOCs had effectively been banned from operating in both the north and the south of Iraq.
The deal between Baghdad and the KRG about oil sales and its proceeds has not worked out as it should.
The FGI’s reinvigorated toughness last year on the KRG’s independent sale of oil from the north indicates that Russian companies lost influence.
2023/03/16 17:26
Why Energy May Start To Follow Other Stocks
Why Energy May Start To Follow Other Stocks & Why That Isn’t Good News
As the Fed and other central banks around the world have raised rates, some areas of the stock market have posted big losses. Tech, for example, and anything to do with the worlds of crypto and the blockchain were hit hard at the end of last year, and while there has been some kind of a bounce in the early part of this year, even that is looking suspect now after this week’s acceptance by Fed Chair Jerome Powell that “higher for longer” is now expected.
2023/03/10 17:22
Exports of crude oil from the United States have surged since Russia invaded Ukraine last year.
U.S. Oil Exports May Be Rising But Production Isn’t
Exports of crude oil from the United States have surged since Russia invaded Ukraine last year.
The U.S. oil industry will see lower production growth this year and next before a potential return to stronger growth as prices rise.
With natural depletion, then, the cost of drilling increases and is added to already higher costs of equipment, services, and materials that are the result of global inflationary trends.
2023/03/03 17:16
The U.S. shale revolution had a profound impact on global politics.
How U.S. Shale Changed The Face Of Global Politics
The early days of the U.S. shale boom were characterized by innovation-driven disruption throughout an industry that had changed very little over time.
Fracking technology unlocked unfathomable reserves in the oil and gas realm.
The U.S. shale revolution had a profound impact on global politics.
2023/02/28 17:09
China’s Crude Oil Imports Expected To Hit A Record High In 2023
China’s Crude Oil Imports Expected To Hit A Record High In 2023
Chinese crude oil imports could increase to an average as high as 11.8 million barrels per day.
Reuters: Chinese refineries are raising utilization rates due to lower-cost crude and a surge in demand after the reopening.
China will also see this year the start-up of two new refineries with a combined capacity to process 520,000 bpd of crude.
2023/02/22 08:38
Russia And India Boost Energy Ties
Russia And India Boost Energy Ties
Before the invasion of Ukraine, India was a small marginal buyer of Russian crude oil.
Indian and Russian top energy executives are bolstering their energy ties this week at the India Energy Week.
India’s imports of Russian crude oil are estimated to have hit a record high of 1.2 million barrels per day in December.
2023/02/09 19:20
Venzuela is scrambling to capitalize on the global oil shortage, but it’s just not happening.
Venezuela Is Scrambling To Make The Most Of The Global Oil Shortage
Venzuela is scrambling to capitalize on the global oil shortage, but it’s just not happening.
Despite easing sanctions, the Maduro regime is struggling to ramp up production.
There has been around a month-long pause on crude and fuel exports, as PDVSA demands prepayment ahead of loading cargo, either with cash, goods, or services.
2023/02/04 10:12
Guyana’s Oil Industry Is In For A Stellar Year
Guyana’s Oil Industry Is In For A Stellar Year
Offshore Guyana, in as little as seven years, has emerged as the world’s hottest frontier oil play.
Guyana’s appeal to energy investors is bolstered by favorable geology, growing petroleum infrastructure and low breakeven prices.
Guyana’s oil auction is attracting considerable interest with major energy companies from Asia to Europe reviewing the opportunities available.
2023/01/28 18:38
New Canadian Pipeline To Boost Oil Prospects
New Canadian Pipeline To Boost Oil Prospects
Canadian oil industry's new hope is the Trans Mountain conduit which is set to begin operating next year.
The pipeline expansion will help Canada increase its pipeline capacity, overcome constraints and open new markets in Asia, improving price for crude.
The pipeline will transport around two times as much oil as previously, with capacity at 890,000 bpd, and it is expected to reinvigorate the industry and boost oil prospects.
Hedge Funds Are Still Bearish On Oil But Bulls Are Gaining Steam
Hedge Funds Are Still Bearish On Oil But Bulls Are Gaining Steam
Standard Chartered: a large oil surplus started building in late 2022 and spilled over into the first quarter of the current year.
U.S. gasoline inventories are hovering near an eight-year low in March.
The demand element of the data has also become stronger, with the four-week average of the demand bull-bear sub-index turning positive.
Oil Rallies On Large Crude Draw
Oil Rallies On Large Crude Draw
Oil prices ticked up today, after the U.S. Energy Information Administration reported a crude oil inventory draw of 7.5 million barrels for the week to March 21.
Oil Rig Count Inches Higher As WTI Holds Below $70
Oil Rig Count Inches Higher As WTI Holds Below $70
The total number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

Ban On IOCs In Iraqi Kurdistan May Be Lifted
IOCs had effectively been banned from operating in both the north and the south of Iraq.
The deal between Baghdad and the KRG about oil sales and its proceeds has not worked out as it should.
The FGI’s reinvigorated toughness last year on the KRG’s independent sale of oil from the north indicates that Russian companies lost influence.
Why Energy May Start To Follow Other Stocks
Why Energy May Start To Follow Other Stocks & Why That Isn’t Good News
As the Fed and other central banks around the world have raised rates, some areas of the stock market have posted big losses. Tech, for example, and anything to do with the worlds of crypto and the blockchain were hit hard at the end of last year, and while there has been some kind of a bounce in the early part of this year, even that is looking suspect now after this week’s acceptance by Fed Chair Jerome Powell that “higher for longer” is now expected.
Exports of crude oil from the United States have surged since Russia invaded Ukraine last year.
U.S. Oil Exports May Be Rising But Production Isn’t
Exports of crude oil from the United States have surged since Russia invaded Ukraine last year.
The U.S. oil industry will see lower production growth this year and next before a potential return to stronger growth as prices rise.
With natural depletion, then, the cost of drilling increases and is added to already higher costs of equipment, services, and materials that are the result of global inflationary trends.
The U.S. shale revolution had a profound impact on global politics.
How U.S. Shale Changed The Face Of Global Politics
The early days of the U.S. shale boom were characterized by innovation-driven disruption throughout an industry that had changed very little over time.
Fracking technology unlocked unfathomable reserves in the oil and gas realm.
The U.S. shale revolution had a profound impact on global politics.
China’s Crude Oil Imports Expected To Hit A Record High In 2023
China’s Crude Oil Imports Expected To Hit A Record High In 2023
Chinese crude oil imports could increase to an average as high as 11.8 million barrels per day.
Reuters: Chinese refineries are raising utilization rates due to lower-cost crude and a surge in demand after the reopening.
China will also see this year the start-up of two new refineries with a combined capacity to process 520,000 bpd of crude.
Russia And India Boost Energy Ties
Russia And India Boost Energy Ties
Before the invasion of Ukraine, India was a small marginal buyer of Russian crude oil.
Indian and Russian top energy executives are bolstering their energy ties this week at the India Energy Week.
India’s imports of Russian crude oil are estimated to have hit a record high of 1.2 million barrels per day in December.
Venzuela is scrambling to capitalize on the global oil shortage, but it’s just not happening.
Venezuela Is Scrambling To Make The Most Of The Global Oil Shortage
Venzuela is scrambling to capitalize on the global oil shortage, but it’s just not happening.
Despite easing sanctions, the Maduro regime is struggling to ramp up production.
There has been around a month-long pause on crude and fuel exports, as PDVSA demands prepayment ahead of loading cargo, either with cash, goods, or services.
Guyana’s Oil Industry Is In For A Stellar Year
Guyana’s Oil Industry Is In For A Stellar Year
Offshore Guyana, in as little as seven years, has emerged as the world’s hottest frontier oil play.
Guyana’s appeal to energy investors is bolstered by favorable geology, growing petroleum infrastructure and low breakeven prices.
Guyana’s oil auction is attracting considerable interest with major energy companies from Asia to Europe reviewing the opportunities available.

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.