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01-18

2018

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Self-suspending Proppant Applied for the Hydraulic Fracturing System...

In the present technology, the proppant used in the fracturing construction in the oil field is mainly silica sand and ceramic sand. Silica sand is a petroleum fracturing proppant, it has a relatively low density, easily pumped and low price,

01-18

2018

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NYMEX crude oil prices climb pending OPEC meeting, US inventory...

Light, sweet crude oil climbed modestly on the New York Mercantile Exchange May 23 with the July contract settling at nearly $51.50/bbl.

01-18

2018

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The One Belt, One Road Initiative...

For thousands of years, the Silk Road spirit-“peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit”-has been passed from generation to generation, promoted the progress of human civilization,

01-18

2018

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Ramadan...

Ramadan in 2017 will start on Saturday, the 27th of May (27/5/2017) and will continue for 30 days until Sunday, the 25th of June. Note that in the Muslim calander,

01-18

2018

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The Dragon Boat Festival...

The Dragon Boat Festival falls on the lunar calendar May 5th every year. It is the traditional festival originated from China to memorize the poet quyuan. The customs during the Dragon Boat Festival:

01-18

2018

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NYMEX, Brent crude oil prices gain pending inventory reports...

US light, sweet crude oil and Brent crude oil both gained moderately on June 13 pending release of the International Energy Agency’s monthly report and the US government’s weekly oil and products inventory report.

01-18

2018

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The Eid al-Fitr...

Eid al-Fitr ("feast of breaking of the fast") is an important religious holiday celebrated by Muslims worldwide that marks the end of Ramadan, the Islamic holy month of fasting (sawm).

01-18

2018

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A New Company, A New Age...

GE has merged Baker Hughes, a new company named Bake Hughes a GE company established. The new company will begin trading on Wednesday on the New York Stock Exchange under the stock ticker "BHGE."

01-18

2018

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Pemex plans late July restart of Salina Cruz refinery...

Pemex Transformación Industrial (PTI), the processing arm of Mexico’s state-owned Petroleos Mexicanos SA, is working to restart its 330,000-b/d Antonio Dovali Jaime refinery in Salina Cruz,

01-18

2018

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EIA estimates that by 2018, the average oil price will be $ 50 / barrel...

EIA now forecasts Brent crude oil spot prices to average $51/bbl in 2017 and $52/bbl in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/bbl lower than Brent prices in 2017 and 2018.

01-18

2018

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Permian oil producers hedging 65% of their output at $50/bbl...

Crude oil-weighted operators in the Permian basin have hedged 65% of their remaining 2017 oil production at $50/bbl and 50% of their remaining gas production at $3/Mcf, according to analysis from IHS Markit Ltd.

01-18

2018

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Xinmi municipal leaders inspected the Wanli Logistics Park...

On the morning of July 29, under the leadership of Xinmi municipal Party committee secretary Tiequn Hao and mayor Hongwei Zhang, the leaders of Xinmi municipal bureau and various townships visited Wanli logistics park and inspected our work.

01-18

2018

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Indonesia offers 15 oil and gas blocks to potential companies...

Indonesia’s crude oil production declined over the last decade due to the natural maturation of producing oil fields combined with a slower reserve replacement rate because of decreased exploration/investment.

01-18

2018

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OPEC took the initiative to meet with US shale oil and gas companies...

OPEC Secretary General recently said that OPEC took an active "ice breaking", meeting with major US shale oil and gas companies during the World Oil Congress in Istanbul, Turkey, was productive.

01-18

2018

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Eid al-Adha...

Eid al-Adha, also called the “sacrifice feast”, which is the second of two Muslim holidays celebrated worldwide each year, and considered the holier of the two.