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Industry News

EU May Prohibit Gas Exports and Restrict Consumption

Posted: 09/03/2014 01:39:23
Hits: 1009

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 energy...

Latin American Nations Are Optimistic about Foreign Oil

Posted: 08/27/2014 01:06:38
Hits: 1001

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 countries have...

Global Oil Demand Will Reduce within Two Years

Posted: 08/20/2014 03:15:00
Hits: 987

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 92.96 million...

Austrian OMV AG Won't Sell Natural Gas to Ukraine

Posted: 08/13/2014 06:35:01
Hits: 1092

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,...

Iran Intents to Expand Oil Exports to Asia

Posted: 08/06/2014 02:35:39
Hits: 1102

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. ...

South Korea Encourages Diversified Oil Imports

Posted: 07/31/2014 01:25:13
Hits: 1044

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 Region....

China to Reduce Imported Petroleum Oil from GCC Countries

Posted: 07/23/2014 06:27:29
Hits: 1131

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 to...

China Safety Valve Industry Presents Good Prospects

Posted: 07/19/2014 05:33:45
Hits: 1082

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 safety...

The International Energy Agency Suggests Oil Supply Risks

Posted: 07/16/2014 03:20:03
Hits: 1137

According to the International Energy Agency (IEA), a new report expects that benefited from the global economic recovery, global oil demand will reach 92.76 million barrels per day on average in 2014,...

China to Promote Underground Pipeline Pre-warning Tech

Posted: 07/10/2014 05:39:29
Hits: 1116

Recently, the general office of China state council issued “Guidance Opinions about Strengthening the Construction of Urban Underground Pipeline Management”. The opinion aims to promote monitoring...

China Is Reshaping Global Natural Gas Market

Posted: 07/09/2014 02:25:04
Hits: 1035

China is becoming the world's supply and demand center of LNG (liquefied natural gas). Either the upgrading of domestic energy structure or the rapid growth of import is forcing China to reshape the...

China Fastener Industry Faces Technological Reformation

Posted: 07/05/2014 02:23:37
Hits: 1365

At present, China fastener industry is facing transformation. Continued overcapacity and declining sales increase the survival pressure of some enterprises. The benign development of an enterprise must...

Three Maintenance Methods of Long Distance Steel Pipe

Posted: 07/02/2014 02:37:35
Hits: 1140

Long distance oil and gas pipeline is an important means of energy security. In the process of anticorrosion construction for oil and gas pipeline, the surface treatment of steel pipe is one of the key...

Nuozhadu Hydropower Plant Was Fully Put into Production

Posted: 06/27/2014 03:03:05
Hits: 1176

On June 26, Nuozhadu Hydropower Station’s last units formally generated electricity, which marked that China's fourth largest hydropower station, which possesses a total installed capacity of...

Gas War Hurts Bilateral Relation of Russia and Ukraine

Posted: 06/25/2014 07:06:05
Hits: 1133

Natural gas negotiation between Ukraine and Russia, which has been lasting for months, finally broke down on 16th. Gazprom announced that it will implement advanced payment policy for Ukraine's oil...

Zhangjiakou Promotes Central Heating Project

Posted: 06/21/2014 05:56:55
Hits: 1067

According to information, the main urban area of Zhangjiakou has carried out central heating project for 5 year. 537 chimneys were overturned. Citizens in about 30,970 thousand square meters of the region...

Urbanization Pulls the Demand of Steel Pipe in China

Posted: 06/07/2014 06:02:16
Hits: 1236

This year, although global economy has not yet apparently recovered and domestic market demand is not expected to be optimistic, the urbanization construction and followed energy market, especially oil...

China Metal Valve Enterprises Face Many Problems

Posted: 05/29/2014 08:06:32
Hits: 1176

Domestic metal valve industry enterprises obviously tend to outward development. Previously, because of low cost and intense competition, most companies relied on lower price to gain market share. As...

Gazprom and CNPC Signed $400 Billion 30-Year Gas Deal

Posted: 05/22/2014 09:38:37
Hits: 1157

Yesterday, under the witness of Chinese President Xi Jinping and Russian President Vladimir Putin, China National Petroleum Corporation and Russia Gazprom signed“Eastern Gas Sales Contract”...

Esso's Over 30,000 Liters of Oil Was Stolen

Posted: 05/15/2014 09:12:00
Hits: 1157

Esso, the UK unit of oil giant Exxon, had shut a pipeline running from its Fawley oil refinery near Southampton for checks. More than 30,000 liters of fuel was stolen, that would be worth about 41,000...

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