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09.10.26 - 05:51
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China Accelerates Ultra-Deep Drilling To Boost Domestic Oil Supply (ZeroHedge)
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China Accelerates Ultra-Deep Drilling To Boost Domestic Oil Supply
Submitted By Tsvetana Paraskova of OilPrice.com,
China is accelerating efforts to produce more oil from ultra-deep formations to boost domestic supply amid continued global market turmoil.
State-owned giant PetroChina has produced more than 26 million tons of oil equivalents from reservoirs dug 6,000 meters (19,685 ft) below the surface in the Hade-Fuman oilfield in the western region of Xinjiang, state media report.
Reservoirs at 6,000 meters and deeper are considered ultra-deep and more expensive and technologically challenging to drill.
China has drilled a total of 485 ultra-deep wells at the Hade-Fuman oil field, which has become the biggest desert oilfield in China and a base for ultra-deep oil and gas exploration and production.
In recent years, the world's top crude oil importer has accelerated exploration of domestic resources, including in ultra-deep formations and shale reservoirs as it aims to reduce its dependence ...
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30.09.26 - 05:42
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Why Middle East Oil Risks Now Exceed US-China Tensions (Bloomberg)
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IIF Deputy Chief Economist Ashok Bhundia argues that dwindling oil and diesel inventories around the Strait of Hormuz present a more urgent global risk than US-China strategic competition. He warns that elevated crack spreads are driving cost-push inflation and could trigger a sudden market shock. (Source: Bloomberg)...
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28.09.26 - 12:30
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HKD2.1B Southbound Trading Net Outflow from TRACKER FUND (AAStocks)
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There was HKD434 million and HKD426.9 million Southbound Trading net inflow to KB LAMINATES (01888.HK) and CNOOC (00883.HK).There was HKD2.1 billion, HKD976.3 million and HKD600.2 million Southbound Trading net outflow from TRACKER FUND (02800.HK), TENCENT (00700.HK) and SMIC (00981.HK).For Southbound Trading of Shanghai-Hong Ko......
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24.09.26 - 12:00
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SINOPEC CORP Buys Back 5.434M Shares on Thu for HKD24.3416 million (AAStocks)
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SINOPEC CORP (00386.HK) announced that it repurchased 5.434 million shares on September 24 at a price ranging from HKD4.44 to HKD4.5 per share, involving approximately HKD24.3416 million.(da/)~AASTOCKS Financial NewsWebsite: www.aastocks.comThis article was automatically translated by AI, the Chinese version should be considered......
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23.09.26 - 12:00
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SINOPEC CORP Repurchases 5.434M Shrs for About HKD24.21 million (AAStocks)
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SINOPEC CORP (00386.HK) announced that it repurchased 5.434 million shares on September 23 at a price ranging from HKD4.44 to HKD4.5 per share, involving approximately HKD24.2096 million.Since the repurchase mandate resolution was approved, the group has cumulatively repurchased 123 million shares, accounting for 0.102% of its i......
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23.09.26 - 06:12
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EnerVenue Signs Order with Chinese Oil Producer (Bloomberg)
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Henning Rath, CEO at battery startup EnerVenue, says the company's water-based nickel-hydrogen battery cells will be installed in an oilfield in northern China. He speaks on "Bloomberg: The China Show."
(Source: Bloomberg)...
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22.09.26 - 12:00
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SINOPEC CORP Repurchases 5.24M Shrs on Sep 22 for Approx. HKD23.29M (AAStocks)
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SINOPEC CORP (00386.HK) announced that it repurchased 5.24 million shares on September 22 at prices ranging from HKD4.4 to HKD4.48 per share, involving approximately HKD23.2855 million. Since the repurchase mandate resolution was approved, the group has cumulatively repurchased 118 million shares, representing 0.097% of its issu......
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