Core Insights - China Petroleum & Chemical Corporation (Sinopec) has made significant progress in its "Deep Earth Engineering: Sichuan-Chongqing Natural Gas Base" project, with two evaluation wells in the Sichuan Province's shale gas field exceeding a production capacity of one million cubic meters [2][3] - The Ziyang 2-501HF well achieved a record daily gas output of 1.407 million cubic meters, marking the highest testing production for shale gas in China [2] - The successful production from these wells indicates a promising outlook for the development of ultra-deep shale gas in the Sichuan Basin, which is crucial for advancing China's shale gas exploration [2] Production Details - Currently, three wells have been put into production at the platform where the two evaluation wells are located, with each well maintaining a stable daily gas output of over 150,000 cubic meters [2] - The targeted layer for these wells is the Cambrian system, which dates back 540 million years, representing the oldest shale system globally to achieve large-scale exploration [2] Future Developments - In 2024, following the breakthrough in Cambrian shale gas exploration at the Ziyang 2 well, Sinopec's Southwest Petroleum Bureau will implement the first ultra-deep shale gas development experimental well group at the same platform [2] - The new approach combines natural fractures with artificial fractures to unlock nearly 5,000 meters of ultra-deep shale gas reservoirs, with both Ziyang 2-501HF and 502HF wells yielding high gas flow [2] - This development opens the door for the effective exploitation of high-quality gas resources in Ziyang [2][3]

Core Insights - The A-share market has experienced significant market value shrinkage over the past year, particularly highlighted by the "924 market" event, with 170 stocks losing value from September 24, 2024, to September 16, 2025 [1] Group 1: Market Value Shrinkage - A total of 170 stocks have seen their market value decrease, with 16 stocks losing over 10 billion yuan [1] - China Petroleum & Chemical Corporation (Sinopec) reported a market value loss of 106.9 billion yuan, representing a decline of 11.99% [2] - Shaanxi Coal and Chemical Industry Co., Ltd. experienced a market value reduction of 35.6 billion yuan, down 9.64% [2] - Wanhua Chemical Group Co., Ltd. saw a decrease of 29 billion yuan, reflecting a 10.78% drop [2] Group 2: Other Notable Companies - Guodian Technology & Environment Group Corporation lost 27.9 billion yuan, a decline of 11.43% [2] - Huaneng Water Power Co., Ltd. reported a market value decrease of 21.96 billion yuan, down 9.84% [2] - China General Nuclear Power Corporation's market value shrank by 15.6 billion yuan, a 6.59% decline [2] - Other companies such as China Coal Energy Company and Huali Group also reported significant losses, with declines of 11.88% and 14.84% respectively [2]

Core Insights - China Petroleum & Chemical Corporation (Sinopec) has made significant progress in the "Deep Earth Engineering: Sichuan-Chongqing Natural Gas Base," with two evaluation wells in the Sichuan Province's Ziyang shale gas field exceeding a production capacity of one million cubic meters, setting a new record for shale gas testing in China [1][3] Group 1: Production Achievements - The Ziyang 2-501HF well achieved a daily gas production of 1.407 million cubic meters, marking the highest shale gas testing production record in China [1] - Three wells have been put into production on the platform, with each well maintaining a stable daily gas production of over 150,000 cubic meters, indicating a promising outlook for the development of ultra-deep shale gas in the Sichuan Basin [1][3] Group 2: Technological Innovations - The "well network-fracture network" collaboration has unlocked the potential of ultra-deep shale gas resources, with the Ziyang 2 well group targeting the Cambrian system, which is the oldest shale layer system globally to achieve large-scale exploration [3][4] - Sinopec's engineering team has integrated advanced technologies for drilling and completion, including high-temperature resistance and efficient sealing, to overcome the challenges posed by complex geological conditions in the Ziyang area [4] Group 3: Strategic Importance - The exploration and development of shale gas are strategically significant for China's energy landscape, as the country has a resource profile characterized by "rich coal, poor oil, and scarce gas," making it a long-term oil and gas importer [5] - Sinopec has played a crucial role in the commercialization of shale gas in China, having discovered the Fuling shale gas field in 2012, which initiated the country's shale gas commercial development [5]

Group 1 - The core point of the news is that China Petroleum & Chemical Corporation (Sinopec) has achieved a record-breaking shale gas production in the Ziyang shale gas field, with two wells testing production exceeding one million cubic meters [1] - One of the wells recorded a daily gas output of 1.407 million cubic meters, tapping into a Cambrian formation that is 540 million years old, marking it as the oldest shale layer system globally for large-scale exploration [1] - The successful test production significantly expands the development space and resource potential for shale gas in China [1] Group 2 - The geological engineering conditions in the Ziyang area are complex, with challenges including thick strata, deep burial, high pressure, and high temperature, making drilling operations particularly difficult [2] - The team has innovatively utilized the largest scale sand-carrying fracturing integrated device in China, leading to a strategic breakthrough in the exploration and development of ultra-deep shale gas [2]

资阳地区地质工程条件复杂，难钻地层厚、埋藏深、压力高、温度高，钻完井工程挑战极大。中国石化攻关团队在钻井工程方面，通过强化地质-工程一体 化，集成应用耐高温、精细控压、高效封堵等技术，实现安全优快成井。在完井工程方面，首次创新采用国内最大尺度携砂压裂一体化装置，创新形成超深 科技日报记者 操秀英 9月17日，记者从中国石化获悉，中国石化"深地工程·川渝天然气基地"再获重大进展，中国石化部署在四川省资阳页岩气田的2口评价井测试产量均超百万 立方米，其中资页2-501HF井试获日产气140.7万立方米，刷新我国页岩气测试产量最高纪录。 目前，2口井所在的平台已投产3口井，单井稳定日产气超15万方，展示了四川盆地超深层页岩气效益开发的良好前景，对推动我国页岩气开发具有重要意 义。 此前，我国投入规模开发的页岩气主力层系为志留系，该井组产层为距今5.4亿年前的寒武系，是全球实现规模勘探最古老的页岩层系，是一种新类型页岩 气。2024年，资阳2井实现寒武系页岩气勘探重大突破后，中国石化西南石油局继续在资阳2井同平台部署实施了首个超深层页岩气开发试验井组，采用"天 然裂缝+人工裂缝"耦合解锁近5000米超深页岩气藏，资页 ...

中国石化2012年底发现了涪陵页岩气田，拉开了中国页岩气商业化开发的序幕，使我国成为除美国、加 拿大之外第三个实现页岩气商业化开发的国家，目前，涪陵页岩气田累计探明储量10188.8亿方，累产 超760亿方。随后，中国石化不断向深层进军，2018年，探明我国首个储量超千亿立方米的深层页岩气 田——威荣页岩气田，并实现了规模开发。2024年8月，探明永川、红星两个千亿方级页岩气田。（刘 丽丽） 责任编辑：江钰涵 9月17日消息，从中国石化获悉，中国石化"深地工程·川渝天然气基地"再获重大进展，中国石化部署在 四川省资阳页岩气田的2口评价井测试产量均超百万立方米，其中资页2-501HF井试获日产气140.7万立 方米，刷新我国页岩气测试产量最高纪录。目前，2口井所在的平台已投产3口井，单井稳定日产气超15 万方，展示了四川盆地超深层页岩气效益开发的良好前景。 此前，我国投入规模开发的页岩气主力层系为志留系，该井组产层为距今5.4亿年前的寒武系，是全球 实现规模勘探最古老的页岩层系，是一种新类型页岩气。2024年，资阳2井实现寒武系页岩气勘探重大 突破后，中国石化西南石油局继续在资阳2井同平台部署实施了首个超深层页 ...

Core Viewpoint - The global chemical industry is experiencing a general revenue decline among leading companies, although the rate of decline has narrowed compared to the previous year, indicating a persistent long-cycle downturn in the industry [2][4]. Group 1: Revenue Trends - In 2024, the revenue of leading companies in the global chemical industry is generally declining, with a median revenue decrease of 1% and a median sales figure dropping to approximately $8.81 billion [5]. - The number of companies reporting revenue declines is significant, with 53 out of 106 companies experiencing a decrease, while only 40 companies reported growth [5]. - The largest revenue changes include a notable drop in rankings for companies like DuPont, which fell to 36th place, and a significant decline in lithium companies due to long-term price weakness [3][4]. Group 2: Industry Adjustments - Major companies are actively adjusting their operations to improve profitability, with BASF planning to sell its decorative coatings business and considering a spin-off of its agricultural solutions business [4]. - The chemical industry is in its third consecutive year of low performance, with European regions facing the highest costs and a 20% drop in demand compared to pre-pandemic levels [4]. - Companies like Dow and LyondellBasell have announced plans to reduce capital expenditures by 2025, reflecting a strategic shift in response to ongoing market challenges [5]. Group 3: Profitability Indicators - Despite the revenue decline, the chemical industry shows signs of profitability recovery, with a median operating profit increase of 4% in 2024 [5]. - Cost-cutting measures, such as BASF's plan to save €1 billion in 2024, are being implemented to navigate the challenging environment [5]. - The stability in capital expenditure and R&D investment ratios indicates a cautious but consistent approach to maintaining operational capabilities [5].

Group 1: Event Overview - The 2025 China International Service Trade Fair (CIFTIS) is being held at Shougang Park in Beijing, showcasing innovations in green energy, circular economy, and new materials [1] - The event features a focus on environmental services, with companies presenting cutting-edge technologies and solutions for green low-carbon development [1] Group 2: Key Technologies and Innovations - Solid-state batteries showcased at the event demonstrate stable power supply even after being cut, highlighting advancements in battery safety [6] - BOE's "zero-carbon house" converts sunlight into electricity, representing a revolutionary shift from energy consumption to energy production [1][4] - Huawei's liquid-cooled ultra-fast charging technology aims to address long charging times for electric vehicles, with a charging station capable of delivering "one kilometer per second" [5] Group 3: Major Industry Players - China's major oil companies, including Sinopec, PetroChina, and CNOOC, are transitioning from traditional oil and gas suppliers to comprehensive energy service providers, focusing on hydrogen energy and CCUS technologies [2][3] - Sinopec has showcased its latest achievements in hydrogen energy, CCUS, geothermal, wind and solar green electricity, and biofuels [2] - CNOOC has implemented over 400 energy-saving and low-carbon projects since the 14th Five-Year Plan, achieving energy savings of 1.04 million tons of standard coal and reducing carbon emissions by 3.15 million tons of CO2 equivalent [2] Group 4: Zero-Carbon Solutions - The "Zero-Carbon Park Solution Pavilion" features over ten companies presenting comprehensive zero-carbon solutions, including distributed photovoltaic power systems [7] - Beijing Huamao Center achieved 100% green electricity operation in 2024, reducing carbon emissions by 24,000 tons [8] - The AI-powered waste incineration system presented by Chaoyang Environmental Group addresses long-standing technical challenges in the industry [7] Group 5: Market Trends and Future Outlook - The event reflects a shift from showcasing technologies to facilitating transactions, with green technologies becoming more accessible and tradeable [9] - Companies are transforming green productivity into tradeable and replicable solutions, breaking down technologies into modular components for global buyers [9]

Group 1 - The 2025 China Enterprise 500 list was released, highlighting over 60 oil and chemical companies, with the total revenue of the top 500 enterprises reaching 110.15 trillion yuan and total assets at 460.85 trillion yuan, marking a 7.46% increase from the previous year [1] - Oil and chemical companies accounted for 12% of the total list, underscoring their role as a pillar of the national economy and a stabilizing force for industrial economic growth [1] - China National Petroleum Corporation and China Petroleum & Chemical Corporation ranked second and third, with revenues of 29,690 billion yuan and 29,320 billion yuan respectively [1] Group 2 - Innovation is crucial for enterprise development, with several petrochemical companies, including Sinopec and PetroChina, listed among the 2025 China Top 100 Innovators [2] - Chinese petrochemical companies are advancing international operations, with overseas assets for China National Petroleum Corporation reaching 1 trillion yuan, leading the 2025 China Top 100 Multinational Companies [2] - The threshold for entering the China Enterprise 500 has increased by over 8.7 billion yuan, with total revenue and assets growing by over 22% and 34% respectively, indicating a significant rise in the scale of enterprises [2]

9月1 6日， 中国石化集团公司组织驻新疆企业联合发布《同心筑梦 中国石化在新疆社会责任报告（1978—2025）》 。报告显示，自改 革开放以来，中国石化累计生产原油1.77亿吨、天然气418亿立方米，加工原料油7647. 06万吨，生产成品油7201万吨。 深耕能源沃土，筑牢新疆发展"动力底座"。 改革开放以来，中国石化先后发现并建设塔河油田、顺北油气田等油气田，累计探明石油 地质储量21. 67亿吨、天然气地质储量33 87.03亿立方米，累计生产原油1.77亿吨、天然气418亿立方米。天然气分公司西北销售中心累 计经营管道天然气9 7.7亿立方米，保障能源安稳供应。 文丨本报记者 杨沐岩 End 欢迎分享给你的朋友！ 出品 | 中国能源报（c ne ne rgy） 责编丨李慧颖 守护生态绿洲，书写人与自然和谐共生答卷。 多年来，中国石化累计投资8.9亿元实施生态恢复工程。西北油田分公司在塔里木胡杨林 国家级自然保护区清退油井105口，在塔克拉玛干沙漠累计绿化面积256.3万平方米。塔河炼化年原油加工能力达500万吨，累计加工原 料油7 64 7.0 6万吨，生产洁净油品7201万吨。新疆石油投运充电站 ...