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1. U.S. oil and gas rig count increased in 11th week Last weekend, US energy increased the number of oil and gas rigs for the 11th time in 12 weeks. Data released by Baker Hughes showed that the total number of oil drilling rigs increased by 5 to 246 in the week ending December 4, in line with pr...Read more »
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1.OPEC + meeting ended and agreed to extend the compensation period for production reduction to the end of March 2021 Yesterday, the OPEC + ministerial meeting concluded and agreed to extend the compensation period for production reduction to the end of March 2021. At the same time, in view of th...Read more »
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1.Kazakhstan plan to build international oil and gas machinery manufacturing development center Kazakhstan’s prime minister’s office express that an international development center for machinery manufacturing in the field of oil and gas will be established in Kazakhstan. The agreeme...Read more »
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3. Evaluation index of cryogenic valve technology level In the design process of cryogenic valves, in addition to the general requirements such as the flow capacity and flow resistance of cryogenic valves, some other indexes should be considered in order to better evaluate the technical level of ...Read more »
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1.ExxonMobil wrote down as much as $20 billion in the fourth quarter On November 30th, Exxon Mobil Corp., the largest U.S. oil producer, said it would write down $17 billion to $20 billion in natural gas assets, the biggest impairment in its history, and cut next year’s spending to its lowe...Read more »
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1.Another oil giant bet on renewable energy Repsol, the Spanish oil giant, plans to reduce its oil business and quintuple its renewable energy portfolio by 2030 as part of its latest strategic plan announced on Thursday. Before the end of last year, Repsol,it was the first big oil company in the ...Read more »
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Cryogenic valve is a kind of valve working in low temperature medium. With the continuous expansion of the production scale of cryogenic engineering products, liquid oxygen, liquid nitrogen, liquid ammonia and liquefied petroleum gas are widely used. A large number of cryogenic valves are require...Read more »
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1.American Petroleum Institute (API) starts new pipeline certification program American Petroleum Institute (API) has launched a new pipeline testing program to help improving the safety of pipeline operators.The new long seam pipeline (LSP) certification program will set standards for pi...Read more »
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1.China is considering acquiring ExxonMobil’s oil assets in Iraq China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are interested in acquiring all of ExxonMobil’s operating stake in xiqurna1, one of Iraq’s largest oilfields. I...Read more »
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Gate valve is the main component of oil (gas) wellhead equipment. The common faults of several gate valves in use are as follows: 4. Leakage at valve seat or valve disc Leakage at the valve seat or valve disc is the most common phenomenon in the installation or maintenance of gate valve. G...Read more »
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Gate valve is the main component of oil (gas) wellhead equipment. The common faults of several gate valves in use are as follows: 1.Leakage at the joint of gate valve First of all, To check whether the connecting bolts between valves are already tightened. If not, the gasket and the flange...Read more »
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Recently, Newway valve has successfully won a large amount of Dual phase steels valve contract with a world-famous FPSO builder. The contract mainly includes large diameter 1500Lb super dual phase steel valve, and the product types include ball valve and check valve, with a total contract amount ...Read more »
