Core Viewpoint - Shell Group is intensifying its evaluation of global loss-making chemical assets to halt the ongoing losses, with plans to selectively close more European plants and seek partners for its U.S. assets [2] Group 1: Financial Performance - Shell reported an adjusted loss of $192 million for Q2 and a total adjusted loss of $329 million for the first half of the year [2] - The chemical business of Shell has been experiencing continuous losses over the past three years [2] Group 2: Strategic Actions - The company is considering the closure of more European plants and the divestment of its petrochemical assets in Monaca, Pennsylvania, indicating it is "not a natural holder" of these assets [2] - Shell's European ethylene production capacity is 1.71 million tons, while its U.S. production capacity is 3.82 million tons [2] - The Monaca complex includes a 1.6 million tons/year ethane cracker and two high-density polyethylene plants with a capacity of 550,000 tons/year each, along with a 500,000 tons/year linear low-density polyethylene plant [2] Group 3: Industry Outlook - The CEO expressed a cautious outlook on the global chemical industry, stating it is currently in an unusually prolonged downturn that may persist for a longer duration [2]

据巴基斯坦国家银行数据，巴基斯坦85%以上的原油依赖进口，原油仍是其最大的单一进口品类。截至 2025年6月的本财年，巴基斯坦原油进口支出达113亿美元，占进口总额近五分之一。美国能源信息署 (EIA)最新数据称，估计巴基斯坦拥有91亿桶技术可采页岩油，但最新常规探明储量估计在2.34亿至3.53 亿桶之间，处于全球中下游水平。其原油和凝析油日均产量仅6万桶，远低于邻国印度超100万桶的日产 量。 中化新网讯 8月6日，美国总统特朗普宣布，美巴两国已敲定一项贸易与能源协议，可能重塑两国的能 源合作与战略布局。协议内容包括美国参与开发巴基斯坦石油，以及大幅削减巴基斯坦对美出口商品的 关税。美方具体参与方式尚未确定。 特朗普发文称，美巴双方将合作开发巴基斯坦巨大石油储备。巴基斯坦副总理伊沙克·达尔在X平台也确 认了该协议，但未透露细节。伊斯兰堡方面将协议定位为经济重启计划的一部分，旨在深化双边关系并 解决巴基斯坦长期存在的能源脆弱性问题。 巴政府视美方参与为重大突破。巴基斯坦能源部长穆罕默德·阿里去年表示，未来十年需250亿~300亿美 元开发预估235万亿立方英尺天然气储量的10%，才能遏制产量下滑并减少液化天 ...

需求下降、供过于求是影响业绩主要因素 连日来，科莱恩、世索科、科思创、赢创、亨斯迈等全球跨国化企陆续发布了2025年度第二季度财报。 财报显示，跨国化企2025年二季度业绩与预期基本相符。在新的贸易壁垒冲击和充满挑战的经济环境 下，跨国化企高管普遍认为市场供过于求、需求下降是影响业绩的主要因素。 世索科实现了又一个季度的稳健利润率表现：第二季度净销售额达15.9亿欧元，价格总体保持稳定； EBITDA达3.35亿欧元，环比增长8%，核心业务板块利润率提升。以上数据符合企业预期。 科莱恩2025年第二季度价格和销售额保持稳定，盈利能力显著提升。第二季度销售额为9.68亿瑞士法 郎，保持稳定，催化剂以及吸附剂和添加剂业务的增长抵消了护理化学品业务的轻微下滑；价格同样保 持稳定。值得一提的是，该公司催化剂业务恢复增长，销量较去年同期增长5%。 科思创称，尽管销量基本保持稳定，但平均售价下滑和汇率因素对业绩造成了显著负面影响。总体而 言，受价格下跌影响，集团销售额降至34亿欧元；EBITDA为2.7亿欧元，符合预测；合并净利润 为-5900万欧元。 在日益严峻的经济环境下，赢创工业集团2025年第二季度的调整后EBI ...

Group 1 - The U.S. government has implemented new tariffs on imported goods from multiple trade partners, effective August 7, impacting the fertilizer market significantly [1] - Morocco, Saudi Arabia, and Egypt, major suppliers of phosphate fertilizers to the U.S., will face a 10% tariff, while Jordan and Israel will incur a 15% tariff [1] - Saudi Arabia exported 519,000 tons of ammonium phosphate to the U.S. from January to May 2025, accounting for 54.7% of total U.S. ammonium phosphate imports [1] Group 2 - Trinidad and Tobago, the second-largest ammonia supplier to the U.S. after Canada, will face a 15% tariff, but the market impact is expected to be limited [2] - Algeria's granular urea will be subject to a 30% tariff, while Nigeria will face a 15% tariff, both being significant suppliers to the U.S. fertilizer market [1] - The price assessment for diammonium phosphate in New Orleans is between $785 and $800 per short ton, while urea is priced at $455 to $465 per short ton [2]

Core Insights - The company, OXANDER, received a gold award in the EcoVadis annual assessment for sustainable development, ranking in the top 5% among over 40,000 companies, highlighting its commitment to sustainability in key areas such as environment, labor and human rights, business ethics, and sustainable procurement [1] Group 1: Safety and Operational Improvements - OXANDER has emphasized safety as a core aspect of its corporate culture, leading to a nearly 60% reduction in recordable incident rates since the implementation of the Hazard Recognition Plus safety management system in 2019 [1] - The company has upgraded production facilities and built renewable energy installations to minimize the use of carbon-based fuels, thereby increasing the use of renewable energy [1] - Continuous operational improvements have been made to reduce emissions, which are converted into carbon offset credits [1] Group 2: Water Usage and Waste Management - OXANDER has achieved its goal of reducing total water usage by 5% as part of its 2030 vision [1] - The upgraded wastewater treatment system at OXANDER's Suzhou production base has achieved zero process wastewater discharge, saving approximately 24,000 cubic meters of water annually [1]

Group 1 - The U.S. government has implemented new tariffs on imported goods from multiple trade partners, effective August 7, impacting the fertilizer market significantly [1] - Major suppliers of phosphate fertilizers to the U.S., including Morocco, Saudi Arabia, and Egypt, will face a 10% tariff, while Jordan and Israel will incur a 15% tariff [1] - Saudi Arabia exported 519,000 tons of ammonium phosphate to the U.S. from January to May 2025, accounting for 54.7% of total U.S. ammonium phosphate imports [1] Group 2 - Trinidad and Tobago, a key source of ammonia for the U.S., will face a 15% tariff, but the market impact is expected to be limited due to the relatively low rate [1] - Algeria's granular urea will be subject to a 30% tariff, while Nigeria will face a 15% tariff, both being significant suppliers to the U.S. fertilizer market [1] - The new tariffs may lead to shifts in trade flows, requiring affected countries to adapt to these changes [1] Group 3 - Canada, Mexico, and China are subject to separate regulations and negotiations, with Canada’s potash trade governed by the USMCA, thus unaffected by the new tariffs [2] - Brazil will face a total tariff rate of 50% on certain exports, but some fertilizer products have been exempted from these tariffs after negotiations [2] - As of July 31, 2023, the assessed prices for ammonium phosphate in New Orleans range from $785 to $800 per short ton, while urea prices are between $455 and $465 per short ton [2]

伍德麦肯兹预测，埃克森美孚二叠纪产量将在2030年前增长55%至230万桶油当量/日，并持续稳定至 2040年;雪佛龙产量预计增长25%，2030年达120万桶油当量/日。对两家巨头而言，二叠纪盆地贡献的产 量均接近总产量的三分之一，这片陆上产区不仅成本低廉，还拥有完善的基础设施网络。其优势不仅在 于规模，更在于韧性，即使美国活跃钻机总数持续下降，这些油气巨头仍通过人工智能和先进分析技术 有效控制单井成本，持续提升采收率。 来自油价网的市场人士补充道，二叠纪的战略价值不仅源于规模，更在于其独特的地质条件、基础设施 与灵活性：数千口已钻未完井、充足的管道外输能力以及中游网络，使运营商能比全球任何其他地区更 快调节生产节奏。相比之下，欧洲巨头则面临不同境遇，在二叠纪石油竞赛中，欧洲企业仍处追赶状 态，且当前入场门槛高企。油价网称，若欧洲巨头不能采取更大胆举措，美欧油气企业间的差距还会日 益扩大。 伍德麦肯兹发布数据显示，美国本土48州原油及凝析油产量已达历史新高1130万桶/日，但即将触及峰 值。该机构预测，今年年底产量将开始缓慢下降，到2027年将减少50万桶/日。但对于主导二叠纪盆地 的埃克森美孚和雪佛龙而言 ...

Core Insights - BP announced the discovery of the largest oil and gas field in the Santos Basin offshore Brazil in the past 25 years, indicating significant reserves of oil and gas [1] - This marks BP's 10th oil and gas discovery in 2023, with additional finds in Trinidad and Tobago, and Egypt [1] - Following a strategic shift towards renewable energy, BP has reaffirmed its commitment to fossil fuels, aiming to increase global oil and gas production to 2.3 to 2.5 million barrels of oil equivalent per day by 2030 [1] Production Plans - BP projects a production level of 2.4 million barrels of oil equivalent per day for 2024, with a slight decline expected in 2025 [1] - The company acquired the rights to the new discovery block in December 2022 under "very favorable commercial terms," holding 100% ownership [1] Management and Partnerships - The Brazilian state-owned company, Pre-Salt Petroleum, will act as the contract manager for production sharing in the newly discovered block [1]

以战略引领构建低碳发展坐标系。普光气田要以技术自主化、管理精益化、产业生态化为战略支点，搭 建"三步走"实施路径，即短期聚焦现有装置能效挖潜，中期突破低碳工艺技术瓶颈，长期布局新能源替 代与碳循环经济。特别要注重构建"数字孪生+模拟仿真+模型迭代更新"的能源和碳排放智慧管控体 系，通过虚拟映射与物理实体的深度交互，实现能量流动与碳足迹的可视化监测、智能化诊断与自适应 优化。 以路径创新锚定三大着力方向。技术攻关层面，普光气田要形成"基础研究—工程转化—产业推广"的闭 环创新链，重点突破含硫气田特色节能技术、碳捕集利用与封存集成方案、氢能替代技术等战略性技 术；管理变革层面，要构建"标准引领—标杆示范—对标提升"的螺旋式改进机制，通过能效对标、碳排 核算、绿色认证等工具驱动持续改进；产业协同层面，要打造"气田—净化—新能源"耦合发展的生态 圈，探索余热发电、光伏制氢、碳汇交易等跨界融合模式。 以理念革新夯实低碳发展的根基。普光气田要树立全要素能效观，将碳足迹管理从末端治理转向源头控 制，从单体设备节能转向全系统能效优化；要建立"能源—生产—环境"协同治理的思维框架，将碳足迹 管理嵌入勘探开发、集输净化、产品输出 ...

Group 1 - The power system is crucial for the normal production operations of coal chemical enterprises, and the company has focused on optimizing and transforming its power system this year, achieving significant results in energy conservation, environmental protection, and cost reduction [1] - The company established a special task force to benchmark against industry leaders, implementing measures such as professional setting calculations and on-site verification to ensure quick isolation during faults and prevent misoperation during normal conditions, effectively enhancing the safety of the power system [1] - To mitigate the risk of voltage fluctuations, the company added anti-surge modules to 10 critical load devices in the cyclohexanone unit, significantly reducing the risk of unplanned shutdowns and improving the stability of the power supply system [1] Group 2 - The company has strengthened regular inspections and maintenance of the power supply circuit breaker, upgraded technology to enhance the aging resistance and oxidation resistance of contacts, and utilized real-time online monitoring to provide early warnings for overheating risks, thereby constructing a multi-layered protection network [2] - These measures effectively reduce operational risks, save costs, and ensure the continuous and stable operation of the power system [2]