China Shale News Review – Jun 25 , 2023
◊ Xinjiang’s Oil and Gas Sales Increased by 60% Year-on-Year
As of May 31, Xinjiang’s oil and gas sales increased by 60% year-on-year, with LNG sales increasing by 90% year-on-year and direct distribution increasing by 126% year-on-year.
◊ Natural Gas Production Increased by 7.2% Year-on-Year in May
The National Bureau of Statistics released a monthly report on energy production today. In May, the production of major energy products in industries above designated size-maintained year-on-year growth.
◊ Yunnan Petroleum Optimizes Logistics and Reduces Costs
Yunnan Petroleum has taken multiple measures to optimize the logistics operation of refined oil resources, ranking first in the region in logistics optimization in the first quarter.
◊ Domestic Largest Capacity LNG Storage Tank Machinery
The 270000m³ LNG storage tank of Qingdao LNG Terminal has been mechanically completed. At the same time, this storage tank is also a large-scale LNG storage tank with the fastest construction speed in China.
◊ Petrochemical Machinery Drilling Tools Challenge Ten Thousand Meters of Ultra Deep Wells
The diamond drill bits and high torque screw drilling tools independently developed by petrochemical machinery have been combined and put into use in the 1500-5700 meter section of the second spud of the Shendi Taco 1 well.
(Source: Energy China Forum)
