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Tarim Oilfield sees shortest drilling time for 8,000-meter well in China

Guangzhou (JLC), May 29, 2024--PetroChina Tarim Oilfield completed the drilling of the Fuyuan 304-H2 well in the 8,322-meter underground layer in 89 days, setting a record for the shortest drilling ti

05-30-2024 17:08:31

China's deepest oil well breaks through 10,000 meters

Guangzhou (JLC), March 4, 2024 – The drilling of Shendi Take-1 finally broke through 10,000 meters on March 4.

03-04-2024 18:58:14

China's deepest oil well set to break through 10,000 meters

Guangzhou (JLC), February 19, 2024 – The drilling of Shendi Take-1, an exploration well with a designed depth of unprecedented 11,100 meters, was about to break through 10,000 meters.

02-19-2024 18:54:41

PetroChina starts drilling another 10,000-meter well

Guangzhou (JLC), July 21, 2023 – PetroChina began drilling another borehole of more than 10,000 meters underground in the southwest China’s Sichuan province on July 20.

07-21-2023 16:58:14

PetroChina begins drilling China’s first over-10,000-meter-deep well

Guangzhou (JLC), May 31, 2023 – PetroChina has begun drilling China's first scientific exploration well with a designed depth of 11,100 meters in the Tarim Oilfield.

05-31-2023 19:00:43

China INE crude price rallies after Powell’s comments

Guangzhou (JLC), February 8, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) rebounded on Wednesday, as Powell’s comments on Tuesday alleviated concerns over i

02-08-2023 19:32:50

Sinopec adds first hydrogen refueling station with underground well

Beijing (JLC), August 24, 2021--China’s Sinopec announced Monday the completion of the construction of its first hydrogen refueling station in southwestern Chongqing city, also the first station with underground storage well in China.

08-24-2021 16:47:14

CNOOC starts up another well block in Penglai 25-6 oil field

State-owned China National Offshore Oil Corporation (CNOOC) started operation at well block 3 of the Penglai 25-6 oil field in the Bohai Sea on December 14, CNOOC announced on the day.

12-15-2020 14:20:27

CNOOC's well block 6/11 of Jinzhou 25-1 oil field comes on stream

State-owned China National Offshore Oil Corporation (CNOOC)’ s well block 6/11 of the Jinzhou 25-1 oil field in Liaoning province came on stream on September 28, CNOOC announced on the day.

09-29-2020 19:09:45

Sinopec Luoyang expansion construction goes well

Beijing (JLC), September 23, 2019--China state-owned Sinopec Luoyang Petrochemical’s expansion projects are going well and the supporting facilities are also well on track, industry sources said.

09-23-2019 09:38:07

More oil wells discovered in Dagang oilfield

Beijing (JLC), June 20, 2019--PetroChina Dagang Oil& Gasfield Company has discovered more new oil wells since 2019, PetroChina said on its website.

06-20-2019 15:48:21

Sinopec drills a high-yield industrial gas flow well

Beijing (JLC), May 21, 2019--Sinopec Southwest Oil and Gas Branch drilled a high-yield industrial gas flow well (Hejia 201H well) in an old production area in North Sichuan Depression of Sichuan Basin on May 15, 2019, the company said on its website.

05-21-2019 09:33:20

Zhejiang Zhoushan bunker blending business develops well

Beijing (JLC), May 20, 2019--The bonded bunker blending volume in Zhejiang Zhoushan Pilot Free Trade Zone (FTZ) has reached 820,000 mt till May 2019 since 2018, industry source said.

05-20-2019 10:32:03

China's asphalt producers scrambling to prevent swelling inventories

Beijing (JLC), April 23, 2019--China's asphalt producers are scrambling to find ways to prevent high inventory levels amid burgeoning supply and weakening demand.

04-24-2019 09:14:33

Resin wax at Sinopec Nanyang sells well

NYTS-202 resin wax produced at Sinopec Nanyang Energy Chemical Co., Ltd. (Sinopec Nanyang) has been delivered to the customers for the third time. In fact, it took only 45 days to realize the first industrial production of NYTS-202 resin wax on June 19, 2018.

08-16-2018 16:55:43

Gas output at single well in S.W. China over 2 bln cbm

With natural gas output totaling 2.002 billion cubic meters as of 9:00 a.m. on June 4th, 2018, Moxi 009-X1 well at Dragon King Temple Gas Reservoir has become the first well with accumulated natural gas output over 2 billion cubic meters.

06-13-2018 16:53:37

China imported LPG market performs well in early and middle January

China imported LPG market in late January 2018 stays decent. Profit of LPG deep processing industry has been more than CNY1,200/mt. Despite intensive imported LPG cargo arrivals, profit of imported LPG for trade keeps good and imported LPG is also sold well.

01-17-2018 10:15:41

Propane market performed well in Q3 2017

Seen from the above chart, propane price rose gradually in Q3 2017, different with the down-then-up movement in 2016.

09-28-2017 14:27:24

Crude price rose as US active drilling wells declined

Bake Hughes released statistics that US active drilling wells decreased 5 in the week ended August 18th, hitting the largest week-on-week decline during seven months. It showed that it was effective for shale oil enterprises to cut producing expenditure recently.

08-21-2017 14:50:19

Crude market got bullish on inventory and output cut as well as softer U.S. dollar

On May 17th, the crude oil market closed at upward trend. The EIA report showed that the U.S. crude and oil products inventories descended in last week and the U.S. crude oil output dropped after 12 weeks’ growth inspiring tycoons’ confidence to market.

05-19-2017 09:20:14

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