1. Shell withdraws 4.5 billion impairment of oil and gas assets
In its second quarter earnings update, the British energy giant shell said that after raising its oil and gas price expectations, shell would cancel the $4.5 billion write down of oil and gas assets.
In a latest report, shell said that its refined oil profits almost tripled during this period, driven by the recovery of global demand from the epidemic, insufficient refining capacity and the decline of Russian energy exports.
2. Halliburton introduces hedron fixed tool PDC bit
Halliburton introduces new hedron ™ Fixed tool polycrystalline diamond compact (PDC) bit platform. These drills combine the latest technology with industry-leading customization processes to provide customers with high-performance, application specific designs.
Hedron bit is the first combination of juggernaut ™ Tools, cerebro ® In drill sensing insight and oculus ™ PDC bit with advanced passivation classification analysis. These technological advances improve drilling performance by increasing ROP and extending the drilling range in global applications.
3. Algerian national oil company’s export volume increased by 70% in the first five months of this year
From January to may 2022, the export volume of Sonatrach was US $21.5 billion, an increase of 70% over the same period last year; Hydrocarbon production was 79.2 million tons of oil equivalent, an increase of 2%. The total sales volume of hydrocarbons (export + domestic sales) was 67 million tons of oil equivalent, an increase of 0.3%; The import volume of hydrocarbons was 95000 tons, down 14%.
4. Colombia launches the second sunset anti-dumping review investigation on oil and gas well pipes to China
On June 29, 2022, the Colombian Ministry of trade, industry and tourism issued Resolution No. 150 made on June 28, 2022 in official daily No. 52080, which was approved by the Colombian domestic enterprise Tenaris tubocaribe ltda The application submitted decided to launch the second sunset anti-dumping review investigation on non stainless steel oil and gas well pipes [in Spanish: tubos no inoxidables de entubaci ó n ("casing") y de producci ó n ("tubing")] originating in China. The original anti-dumping measures remain in force during the review and investigation. The Colombian tax number of the product involved is 7304.29.00.00. (source: website of the Ministry of Commerce)
Post time: Jul-15-2022