Industry News

Industry News

The Research Significance of Intelligent Electric Valve

With the trend of mechatronics and the development of microelectronics technology and computer technology, more and more problems are emerging in using valve, such as low control precision,...
Apr 11, 2015 522
Industry News

Venezuela and China Made Changes on Oil Agreement

It is reported by the Foreign Media on Tuesday (November 25) that the Venezuela and China made changes on oil-for-loan agreement which signed on the same day. But the terms of the agreement were...
Nov 28, 2014 1129
Industry News

OPEC Won't Cut Production Despite of Falling Price

Brent crude oil continuously fell for three days. However, the OPEC members do not want to cut production even if the oil prices have fallen into a bear market. In London futures markets, oil...
Nov 19, 2014 970
Industry News

Three Gorges has Generated 800 Billion kWh Capacity

China Three Gorges Corporation released news on 5th and announced that the world's largest hydropower station - the Three Gorges Power Station - has achieved continuous safe production for over...
Nov 08, 2014 999
Industry News

TransCanada Got EIA Permit of Coast Gas Pipeline

According to the news released by Canadian TransCanada Company, British Columbia (BC) provincial environmental assessment office has permitted TransCanada’s application of coast natural gas...
Oct 31, 2014 992
Industry News

China Shale Gas Development Can’t Copy American Model

A veteran of China's Ministry of Land that leads the development of shale gas said that China’s shale gas development could not copy the American model. It is hopeful but very difficult to complete...
Oct 24, 2014 887
Industry News

OPEC Appeals Production Reduction for Recovering Oil Price

Saudi Arabia shows that it will adapt to lower oil price for a long time. Saudi government changing it policies sharply aims at slowing down competitors expanding, including American shale oil...
Oct 14, 2014 1044
Industry News

West-East Project Will Sent Superior Gas to Xiamen

West-East Gas Project Line Three is being pushed and will provide high-quality and stable double gas supply system to Xiamen. It is heard from Xiamen Municipal Development and Reform Commission...
Oct 06, 2014 1048
Industry News

OPEC Secretary General: Oil Prices Will Rebound

According to the report of Wall Street Journal on September 13, Abdalla Salem el-Badri, the OPEC Secretary General, recently said the oil prices would rebound before the end of this year, and...
Sep 23, 2014 1083
Industry News

Venezuela Will Bid Farewell to the Era of Cheap Gasoline

In Venezuela, the price of one liter of No. 95 gasoline, No. 91 gasoline or diesel fuel is less than 0.1 yuan. A bottle of mineral water costs seven Bolivar (about 7 yuan), which is equivalent to...
Sep 17, 2014 1020
Industry News

Domestic Fasteners Plants Are Developing Slowly

Represented by fasteners, basic components are not only the basis of China's equipment manufacturing industry but also important foundation of the national economy in various fields. During the...
Sep 13, 2014 924
Industry News

What Are the Major Future Trends of Valve Products?

When it comes to the market trends of valve products, the future developing trends are expected as follows according to analysts. First, as oil development is transferred from mainland oil fields...
Sep 05, 2014 1164
Industry News

EU May Prohibit Gas Exports and Restrict Consumption

It was reported by foreign media on September 1 that the EU was prepared for gas cease of Russia. Therefore, the EU may ban gas exports and limit the amount used in the industry to assure household...
Sep 03, 2014 1009
Industry News

Latin American Nations Are Optimistic about Foreign Oil

According to the report of Colombian Observer on August 25, Latin American countries show optimism about attracting foreign investment and external technology to develop oil industry. Many...
Aug 27, 2014 1001
Industry News

Global Oil Demand Will Reduce within Two Years

United States Energy Information Administration recently released Forecast Report of Monthly Short-Term Energy. It lowered expected global oil demand to 91.56 million barrels/day this year and...
Aug 20, 2014 987
Industry News

Austrian OMV AG Won't Sell Natural Gas to Ukraine

It was reported on Tuesday that Austrian Oil and Gas Group (OMV AG) would not sell gas to Ukraine. Gerhard Roiss, the CEO of OMV, said: “Despite the higher prices we are able to offer to Ukraine,...
Aug 13, 2014 1092
Industry News

Iran Intents to Expand Oil Exports to Asia

An executive of an energy company disclosed that Iran was negotiating with several Arab and Asian countries in order to sign new oil contracts in the near future, reported by foreign media. The...
Aug 06, 2014 1102
Industry News

South Korea Encourages Diversified Oil Imports

South Korea departments of trade, industry and energy disclosed recently that the government would provide domestic refiners with subsidies to encourage them to import crude oil outside Middle East...
Jul 31, 2014 1044
Industry News

China to Reduce Imported Petroleum Oil from GCC Countries

According to a an economic report released by China Investment Corporation in Kuwait last Sunday, China will decreasingly import petroleum oil from the GCC countries in 2014, with a declining share...
Jul 23, 2014 1131
Industry News

China Safety Valve Industry Presents Good Prospects

Safety valves belong to automatic valves, which are widely used for boiler, pressure vessel and pipeline. They control the pressure not to exceed the specified value in order to protect personal...
Jul 19, 2014 1082