Core Viewpoint - China National Petroleum Corporation (CNPC) has applied for a patent for a hydrogenation deolefination catalyst and its preparation method, indicating ongoing innovation in the oil and gas sector [1] Group 1: Patent Application - The patent application is titled "A Hydrogenation Deolefination Catalyst and Its Preparation Method" with publication number CN121314600A, filed on July 2024 [1] - The catalyst is designed for catalyzing the reforming of oil and consists of a carrier and active components, which include Ni, Zn, and W, with a specific surface area ranging from 70 to 220 m² [1] Group 2: Company Overview - CNPC was established in 1999 and is headquartered in Beijing, primarily engaged in oil and gas extraction [1] - The company has a registered capital of 18,302,097,000 RMB and has invested in 1,296 enterprises, participated in 443 bidding projects, and holds 5000 patent records [1] - Additionally, CNPC has 38 trademark records and 168 administrative licenses [1]

Core Viewpoint - The article discusses how Trump's strategy of using oil as a weapon against China through Venezuela has not had the intended effect, revealing vulnerabilities in the U.S. approach while highlighting China's preparedness and diversified oil supply network [1][3]. Group 1: U.S. Strategy and Actions - The U.S. military intervention in Venezuela aimed to control the country's oil resources and limit China's energy supply, but the contradictory statements from the Trump administration exposed their true intentions [3]. - Trump's plan included pressuring various countries like Mexico, Colombia, Greenland, Cuba, and India to align with U.S. interests, but these nations did not comply with his demands [7]. Group 2: China's Response and Position - China has diversified its oil supply sources, relying on partnerships with Russia, the Middle East, and Africa, which mitigates the risk of being dependent on a single supplier like Venezuela [5]. - Even if Venezuela's oil supply were to be completely cut off, it would have a minimal impact on China's overall oil imports, as Venezuela accounts for less than 5% of China's total oil supply [3][5]. Group 3: Implications for U.S. and Global Dynamics - The U.S. energy companies are hesitant to invest in Venezuela due to the high risks associated with its oil fields, and the effectiveness of the U.S. blockade has been questioned as oil continues to flow [7]. - Trump's approach has not only failed to weaken China but has also led to discontent among U.S. capital and allies, indicating a potential miscalculation in U.S. foreign policy regarding resource control [7].

Core Viewpoint - The underground oil-water separation injection and production technology is a disruptive innovation that fundamentally reconstructs traditional oilfield extraction methods [2] Group 1: Technology Development - The technology has evolved from pilot testing to large-scale application, initially improving processes for underground oil-water separation and ensuring the separated water can be received by wells [2] - Recent advancements include interactive injection and production among well groups, breaking traditional injection-production relationships and enabling the development of multiple layers without drilling new wells [2] - This technology addresses the challenges posed by aging oilfields, particularly those with a comprehensive water cut exceeding 98%, and is seen as a key to high-quality development in these fields [2] Group 2: Research and Collaboration - The development process involves numerous optimizations and tool improvements, requiring interdisciplinary collaboration across reservoir management, development, and engineering [2] - Continuous questioning of existing processes aims to maximize the utilization of remaining oil and meet the precise extraction needs of oilfields, ensuring practical value in solutions [2] Group 3: Future Directions - A complete block interactive injection and production trial is set to begin, with all preparations in place, indicating growing recognition of the technology [3] - The commitment to energy security and self-reliance is emphasized, with the technology serving as a concrete example of this broader narrative [3] - The goal is to ensure a continuous flow of valuable underground resources into the national economy, reflecting the mission and honor of the current generation of petroleum researchers [3]

Core Viewpoint - The underground oil-water separation injection and production technology is a disruptive innovation that fundamentally reconstructs traditional oilfield extraction methods [2] Group 1: Technology Development - The technology has evolved from pilot testing to large-scale application, initially improving processes for underground oil-water separation and ensuring the separated water can be received by wells [2] - Recent advancements include interactive injection and production among well groups, breaking traditional injection-production relationships and enabling the development of multiple layers without drilling new wells [2] - This technology addresses the challenges posed by aging oilfields with a comprehensive water cut exceeding 98%, serving as a key to high-quality development in these fields [2] Group 2: Research and Collaboration - The development process involves numerous optimizations and tool improvements, requiring interdisciplinary collaboration across reservoir management, development, and other fields [2] - Continuous questioning of existing processes aims to maximize the utilization of remaining oil and meet the precise extraction needs of oilfields, ensuring practical value in solutions [2] Group 3: Future Directions - A complete block interactive injection and production test is set to begin this year, with all preparations in place, indicating growing recognition of the technology [3] - The commitment to energy security and self-reliance is emphasized, with the technology serving as a concrete example of this broader narrative [3] - The goal is to ensure a steady flow of valuable underground resources into the national economy, reflecting the mission and honor of the current generation of petroleum researchers [3]

Core Viewpoint - China Petroleum Guangxi Petrochemical Company has commenced the construction of two EVA production facilities, which are expected to enhance the domestic supply of high-end chemical materials and support the growth of strategic emerging industries in China [1][3]. Group 1: Project Details - The company is building a 300,000 tons/year EVA facility using tubular technology and a 100,000 tons/year H-EVA facility using kettle technology, both employing LUPOTECH technology from LyondellBasell [3]. - The tubular EVA facility is aimed at large-scale production of photovoltaic-grade EVA, scheduled for completion by the end of December 2027, while the H-EVA facility is focused on high-end specialty products, expected to be completed by the end of February 2028 [3]. Group 2: Market Impact - The produced EVA products will cater to key sectors such as photovoltaic film, high-end cables, foamed products, and medical devices, addressing the domestic supply gap for high-grade photovoltaic EVA and reducing reliance on imports [3]. - The photovoltaic-grade EVA products will meet top industry standards in terms of light transmittance, weather resistance, and cross-linking degree, ensuring the long-term stable operation of high-efficiency photovoltaic modules [3]. - High-end cable EVA will offer excellent temperature resistance, insulation, and aging resistance, suitable for applications in new energy vehicles and smart grids [3]. - The foamed products will provide lightweight, environmentally friendly, and cushioning properties, serving as alternatives to traditional materials in high-end packaging and automotive interiors [3].

Core Viewpoint - As of January 16, 2026, China Petroleum (601857) closed at 9.8 yuan, down 1.71%, with a trading volume of 2,006,800 hands and a transaction amount of 1.973 billion yuan [1] Group 1: Financial Performance - For the first three quarters of 2025, China Petroleum reported a main revenue of 2,169.256 billion yuan, a year-on-year decrease of 3.92% [2] - The net profit attributable to shareholders for the same period was 126.279 billion yuan, down 4.9% year-on-year [2] - The company's gross profit margin stood at 21.09%, while the net profit margin was 6.46% [2] Group 2: Market Position and Ratios - China Petroleum's total market capitalization is 1,793.61 billion yuan, significantly higher than the industry average of 213.768 billion yuan [2] - The company has a price-to-earnings (P/E) ratio of 10.65, which is lower than the industry average of 37.16, ranking it 2nd in the industry [2] - The return on equity (ROE) for China Petroleum is 8.1%, compared to the industry average of 1.3%, ranking it 4th in the industry [2] Group 3: Stock Ratings and Target Price - In the last 90 days, 14 institutions have rated the stock, with 13 buy ratings and 1 hold rating [3] - The average target price set by institutions for the stock is 11.56 yuan [3]

Group 1 - The core point of the article is the application for a patent by China National Petroleum Corporation and China Petroleum Group Chuanqing Drilling Engineering Company for a high-speed shear pulse generator used in drilling measurement, which aims to improve the efficiency and simplicity of drilling operations [1] Group 2 - China National Petroleum Corporation, established in 1990, is primarily engaged in oil and gas extraction, with a registered capital of 48.69 billion RMB. The company has invested in 107 enterprises and participated in 5,000 bidding projects, holding 1,443 trademark records and 5,000 patent records [2] - China Petroleum Group Chuanqing Drilling Engineering Company, founded in 2008, also focuses on oil and gas extraction, with a registered capital of 1.16 billion RMB. The company has invested in 12 enterprises and participated in 4,204 bidding projects, holding 4,326 patent records [2]

Group 1 - China National Petroleum Corporation (CNPC) has obtained a patent for a device and method for measuring the geometric dimensions of a three-way valve, with the authorization announcement number CN120760595B and an application date of December 2024 [1] - CNPC, established in 1990 and headquartered in Beijing, primarily engages in oil and gas extraction, with a registered capital of 48.69 billion RMB [1] - CNPC has invested in 107 companies, participated in 5,000 bidding projects, and holds 1,443 trademark records and 5,000 patent records, along with 28 administrative licenses [1] Group 2 - China National Petroleum Engineering Materials Research Institute Co., Ltd., established in 2021 and located in Xi'an, focuses on specialized equipment manufacturing, with a registered capital of 67.911 million RMB [1] - The Research Institute has invested in 4 companies, participated in 1,698 bidding projects, and holds 15 trademark records and 847 patent records, along with 16 administrative licenses [1] Group 3 - Beijing Longsheng Taike Petroleum Pipe Technology Co., Ltd., founded in 2004 and based in Beijing, specializes in technology promotion and application services, with a registered capital of 20 million RMB [2] - The company has participated in 218 bidding projects, holds 194 patent records, and has 7 administrative licenses [2]

Core Viewpoint - China National Petroleum Corporation (CNPC) aims to complete the Tarim 1.2 million tons/year ethylene project by 2026, emphasizing domestic equipment localization and green production methods [1] Group 1: Project Development - The Tarim ethylene project will achieve over 98% localization of equipment, with significant advancements in fully electric drives and the first domestic production of major equipment [1] - The project will utilize a "blue hydrogen to blue ammonia + carbon dioxide to urea" model for green production, aiming to create a zero-carbon petrochemical park [1] Group 2: Energy Security and Supply - CNPC is committed to being a "pillar" for energy supply security, focusing on domestic oil and gas exploration and production to ensure national energy security [1] - The company plans to deepen international energy cooperation and enhance overseas energy production and supply bases, improving trade security and cross-border energy channels [1] Group 3: Industry Transformation - CNPC is accelerating the restructuring and upgrading of refining and chemical sectors, optimizing product and industrial structures to enhance the supply of high-quality energy and chemical products [1] - The company aims to play a key role in building a strong energy nation and ensuring the stability of the oil and gas industry supply chain [1]

Group 1 - The core point of the article is that China National Petroleum Corporation (CNPC) has applied for a patent related to oilfield reserve assessment and asset impairment warning management, which aims to enhance the management level of oil and gas reserves and assets in aging oilfields [1] Group 2 - The patent application, titled "Method and Device for Fusion Management of Oilfield Reserve Assessment and Asset Impairment Warning," was published under CN121329461A and was filed on July 2024 [1] - The method involves obtaining basic data, segmenting oilfields into multiple sub-units, calculating the remaining economically recoverable reserves for each sub-unit, and determining key monitoring units based on higher depletion rates [1] - The patent also includes calculating the reserve value of key monitoring units as the present value of future net cash flows and issuing warning information for units experiencing asset impairment [1] Group 3 - CNPC was established in 1999 and is primarily engaged in the oil and natural gas extraction industry, with a registered capital of 18,302,097,000 RMB [2] - The company has invested in 1,296 enterprises and participated in 443 bidding projects, holding 38 trademark records and 5,000 patent records, along with 168 administrative licenses [2]