Core Insights - The article highlights the addition of 2 billion cubic meters of natural gas production capacity from ultra-deep wells in China's West-to-East Gas Transmission project, enhancing energy security for the country [1] Company Summary - China Petroleum's Tarim Oilfield has successfully drilled 27 ultra-deep gas wells this year, utilizing advanced 10,000-meter drilling technology [1] - The new natural gas production capacity is a significant contribution to China's energy supply, providing a boost to energy security [1] Industry Summary - The development of ultra-deep natural gas resources is crucial for meeting China's growing energy demands and ensuring energy security [1] - The successful drilling and production from ultra-deep wells indicate advancements in drilling technology and resource extraction capabilities within the industry [1]

Core Insights - China is intensifying its crackdown on crypto payments due to rising risks in the financial system, with regulators preparing stronger enforcement measures [1][3] - The People's Bank of China (PBoC) is collaborating with various government agencies to address the resurgence of virtual currency activity [2] - Despite previous bans, the crypto market has become more active, leading to increased scams and illegal fundraising schemes [3] Regulatory Actions - Officials have reiterated that digital assets are not legal tender in China and using them for payments or investments is illegal [3] - There is a call for tighter coordination among agencies to monitor money flows and track suspicious transfers [5] - The focus on stablecoins is heightened due to their anonymous nature, which complicates fraud detection and financial risk management [4][6] Market Developments - State-linked companies, such as PetroChina, are exploring the use of stablecoins for cross-border transactions, raising concerns among regulators [6][7] - The Chinese securities regulator has urged major brokerages in Hong Kong to pause tokenization plans, indicating caution regarding digital asset growth in nearby markets [7] - Some government sectors are still considering the introduction of yuan-backed stablecoins, especially after recent developments in the U.S. regarding stablecoin legislation [8]

Core Insights - The Tarim Oilfield has successfully drilled 27 ultra-deep gas wells this year, resulting in the addition of over 2 billion cubic meters of natural gas production capacity, enhancing China's energy security [1][3] - The Kela 2 gas field, now the largest ultra-deep gas field in China, is producing 38 million cubic meters of natural gas daily, supported by the new ultra-deep wells [1] - The Tarim Oilfield has achieved a dual breakthrough in ultra-deep engineering technology and geological theory, with new wells contributing an additional 1.3 billion cubic meters of gas this year [1][3] Production and Capacity - The Tarim Oilfield is accelerating its efforts to explore ultra-deep layers, having added proven natural gas reserves of 100 billion cubic meters in the southern Tianshan region [3] - The gas produced is being transported to over 120 large and medium-sized cities, benefiting approximately 400 million people [3] - Currently, there are 52 ultra-deep wells being drilled, with 13 already reaching oil and gas layers, and the peak daily gas supply is expected to exceed 9.6 million cubic meters this winter and spring [5]

Core Insights - China National Petroleum Corporation (CNPC) has obtained a patent for a "Filtration Equipment Control System and Method," with the authorization announcement number CN115199952B, applied for on April 2021 [1] 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 [1] - CNPC has made investments in 1,293 enterprises and participated in 443 bidding projects [1] - The company holds 38 trademark registrations and has 5,000 patent records, along with 168 administrative licenses [1]

Core Insights - The Tarim Oilfield has successfully drilled 27 ultra-deep gas wells this year, resulting in the addition of over 2 billion cubic meters of natural gas production capacity, enhancing China's energy security [1][5] - The Clark Deep Gas Field, now the largest ultra-deep gas field in China, is producing 38 million cubic meters of natural gas daily, with new wells contributing an additional 1.3 billion cubic meters this year [3][5] - The Tarim Oilfield has discovered an additional 100 billion cubic meters of proven natural gas reserves in the ultra-deep layers of the South Tianshan region [5] Production and Capacity - The newly drilled ultra-deep wells in the Tarim Oilfield are expected to significantly increase gas supply, with a peak daily supply projected to exceed 96 million cubic meters during the winter and spring [7] - Currently, there are 52 ultra-deep wells being drilled, with 13 already reaching oil and gas layers [7] Infrastructure and Distribution - The Tarim Oilfield is enhancing its production, transportation, storage, and sales system to deliver natural gas to over 120 large and medium-sized cities, benefiting approximately 400 million people [5]

Group 1 - The core point of the article is that China National Petroleum Corporation has obtained a patent for a method of detecting multiphase flow phase content, with the patent announcement number CN114624274B and an application date of December 2020 [1] - China National Petroleum Corporation was established in 1999 and is primarily engaged in oil and gas extraction, with a registered capital of 18,302,097,000 RMB [1] - The company has made investments in 1,293 enterprises and participated in 443 bidding projects, holding 38 trademark records and 5,000 patent records, along with 168 administrative licenses [1]

Core Insights - China National Petroleum Corporation (CNPC) has obtained a patent for a seismic inversion method and system based on Lagrangian operator dynamic changes, with the authorization announcement number CN114355439B and application date in October 2020 [1] Company Overview - CNPC was established in 1999 and is headquartered in Beijing, primarily engaged in oil and natural gas extraction [1] - The company has a registered capital of 18,302,097,000 RMB [1] - CNPC has invested in 1,293 enterprises and participated in 443 bidding projects [1] - The company holds 38 trademark registrations and 5,000 patent records, along with 168 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent for a "continuous rotary sliding drilling method" to China National Petroleum Corporation and China Petroleum Group Chuanqing Drilling Engineering Company [1] - China National Petroleum Corporation, established in 1990, is primarily engaged in oil and gas extraction, with a registered capital of 48.69 billion RMB [1] - The company has invested in 111 enterprises, participated in 5,000 bidding projects, and holds 1,446 trademark records and 5,000 patent records [1] - 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 [1] - This company has invested in 12 enterprises, participated in 3,902 bidding projects, and holds 4,273 patent records [1]

Core Insights - China National Petroleum Corporation (CNPC) and China Petroleum Group Chuanqing Drilling Engineering Company have obtained a patent for "Drilling Fluid Filtration Performance Evaluation Device, Testing Method, and Mud Cake Preparation Method" with authorization announcement number CN115290532B, applied for on August 2022 [1] Company Overview - CNPC was established in 1990 and is headquartered in Beijing, primarily engaged in oil and gas extraction. The company has a registered capital of 48.69 billion RMB [1] - CNPC has invested in 111 companies, participated in 5,000 bidding projects, holds 1,446 trademark records, and has 5,000 patent records, along with 28 administrative licenses [1] - China Petroleum Group Chuanqing Drilling Engineering Company was founded in 2008 and is located in Chengdu, focusing on oil and gas extraction. The company has a registered capital of 1.16 billion RMB [1] - Chuanqing Drilling has invested in 12 companies, participated in 3,902 bidding projects, holds 4,273 patent records, and has 32 administrative licenses [1]

Core Insights - The Tarim Oilfield has successfully drilled 27 ultra-deep gas wells this year, resulting in the establishment of over 2 billion cubic meters of new natural gas production capacity, contributing to China's energy security [1][5] - The Kela 2 gas field, located in the southern Tianshan Mountains, is now producing 38 million cubic meters of natural gas daily, making it China's largest ultra-deep gas field [1][3] - The new wells have cumulatively increased gas output by 1.3 billion cubic meters, with an average daily production of over 300,000 cubic meters per well from approximately 130 wells [3][5] Production and Capacity - The Tarim Oilfield is accelerating its efforts to explore ultra-deep layers, having added proven natural gas reserves of 100 billion cubic meters in the southern Tianshan ultra-deep strata [5] - The company is enhancing its production, transportation, storage, and sales system to deliver natural gas to over 120 large and medium-sized cities, benefiting around 400 million people [5] - Currently, there are 52 ultra-deep wells being drilled, with 13 already reaching oil and gas layers, and the peak daily gas supply is expected to exceed 96 million cubic meters this winter and spring [7]