Exhibitor Recommendation-Yangquan Valve Co., Ltd
America's Oil Boom Concentrated in Ten Permian Counties
If you want to know where America’s oil boom is happening, no need to look at the whole map—because it’s limited to just ten counties in the Permian Basin. Between 2020 and 2024, these small dots in Texas and New Mexico delivered 93% of all U.S. cr…
Malaysia’s Petronas Flags Challenges as Profit and Production Slump
Malaysia’s national energy giant Petronas booked lower revenues and profits amid falling oil prices and a challenging macro and operational environment, which also led to a 3% decline in first-half oil and gas production.Petronas reported a 24% decli…
Texas May Have to Shut Down Data Centers to Protect Its Energy Grid
Texas is preparing to cut off power to data centers during grid emergencies — a sign of just how strained the system has become.Over the Fourth of July, deadly floods swept across central Texas, disrupting infrastructure and causing widespread outage…
Oil Rig Count Stabilizes in Nervous Market
The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday.The total rig count in the US stayed at 539, according to Baker Hughes, down 47 from t…
Oil Price Structure Flashes Fears of Oversupply
The oil price structure has started to slowly shift as prompt futures premiums are softening compared to later-dated contracts, signaling that the market believes supply would be plentiful as soon as peak summer travel season ends. The rise in supply …
Exhibitor Recommend：HUIZHENG AUTOMATIC CONTROL VALVE GROUP CO.,LTD
Exhibitor Recommend：Zhejiang Aochen Bellows Co., Ltd.
Exhibitor Recommend：KEKE GROUP CO.,LTD.
Exhibitor Recommend：ANIX Valve Group Co., Ltd
Rumors of Shale’s Peak Were Premature
During earnings season for the first quarter of the year, the message of the U.S. energy industry to the world was “Peak shale is here.” Now, three months later, the message has changed. Now, shale drillers are signaling there is still space to grow…
Big Oil's "Managed Decline" Strategy Masks An Expansion Push
For years, the talk in boardrooms and investor presentations has been about “discipline” and “capital efficiency.” These are the code words for a strategy that keeps production largely flat, trims high-risk exploration budgets, and returns more ca…
Exhibitor Recommend：Shangdian Flange Pipe Fittings Co.,Ltd
Exhibitor Recommend：ODK Valve Industry Co., Ltd.
Exhibitor Recommend：Zhejiang Diantai Valve Industry Co., Ltd
Chevron beats Wall Street estimates, expects Hess deal to boost earnings by year end
Chevron on Friday reported second-quarter earnings that beat Wall Street estimates, though profits took a big hit compared to the prior year due to lower crude prices.The oil major’s net income declined about 44% to $2.49 billion, or $1.45 per share,…