能源大省山西今年以来聚焦深层煤岩气勘探开发技术突破，助力非常规天然气增储上产。记者近日从山 西省统计部门获悉，今年前10个月山西非常规天然气累计产量达到152亿立方米，同比增长7.5%，创历 史同期产量新高。 煤岩气在储层类型上与煤层气相似，在天然气赋存特征上与页岩气相似，在开发方式上与页岩气、致密 气相似，是一种特殊类型的非常规天然气资源。煤岩气广泛分布于我国鄂尔多斯、四川、准噶尔等含煤 盆地，资源量丰富，预测资源量超40万亿立方米。 图为山西 大吉气田开发现场。新华社记者王飞航 摄 冬日里，走进位于山西吕梁山腹地的大吉气田，气田煤岩气资源量估算约6000亿立方米，由中石油煤层 气有限责任公司主导开发，先导性实验项目于2019年开始建设。面对煤岩气开采难题，中石油煤层气有 限责任公司创新实施全生命周期一体化控压排采工艺，形成"焖井置换、高效返排、合理排液、控压生 产"一体化管控模式，有力支撑气田高效开发。 据了解，大吉气田今年以来新增投产井30多口，带动年产能提升约10亿立方米，目前日均生产煤岩气超 680万立方米，较去年同期增长50%以上。 据悉，2024年山西省非常规天然气总产量167.2亿立方米，从过 ...

fund （原标题：中国石油化工股份(00386)12月10日斥资882.34万港元回购204万股） 智通财经APP讯，中国石油化工股份(00386)发布公告，于2025年12月10日，该公司斥资882.34万港元回 购204万股。 ...

Core Viewpoint - The article highlights the advancements in China's natural gas supply chain, emphasizing the integration of digital technologies and smart systems to enhance efficiency and safety in operations during the winter heating season [2][7]. Group 1: LNG Supply and Operations - A ship carrying 150,000 cubic meters of LNG docked at the Jiangsu Rudong LNG receiving station, marking the 20th LNG vessel received since the winter supply began [2]. - The maximum daily gasification output reached 84 million cubic meters, setting a historical high for gasification capacity [2]. - The National Development and Reform Commission predicts a longer heating season with peak energy demands expected to reach historical highs [2]. Group 2: Digital and Smart Technologies - China National Petroleum Corporation (CNPC) is integrating big data, IoT, and simulation technologies into the entire natural gas supply chain, marking the transition to a "smart" era in natural gas supply [2]. - The use of an explosion-proof inspection robot has increased inspection efficiency, allowing one person to operate a robot for eight inspections a day, compared to the previous requirement of two people for four inspections [4]. - Various advanced technologies, including laser gas detection vehicles and pipeline sentinels, are now standard in CNPC's operations, significantly improving inspection efficiency and accuracy [5]. Group 3: Operational Systems and Safety - The Jiangsu Rudong LNG receiving station employs six key systems, including distributed control and safety instrument systems, to ensure stable and efficient operations [5]. - These systems work together like a "nervous network," gathering vast amounts of information to assist staff in making precise judgments and actions, while also providing timely alerts in case of anomalies [5]. Group 4: Customer Service and Digital Empowerment - CNPC is developing a digital empowerment system that integrates smart operations, sales, and customer service, improving cross-regional dispatch response efficiency by 30% and data sharing efficiency by 40% [7]. - The company is transforming gas management through a "smart network" that allows real-time collaboration across various operational scenarios [8]. Group 5: Supply Capacity and Impact - CNPC's energy network covers 31 provinces and Hong Kong, with an annual gas supply exceeding 240 billion cubic meters, supporting key sectors such as agriculture, electricity, industry, and transportation [9]. - The company aims to ensure a balanced supply and demand during the heating season by closely monitoring gas supply conditions and temperature changes [9].

格隆汇12月10日｜香港交易所信息显示，摩根大通在中国石油股份H股的持股比例于12月04日从5.76% 降至5.43%。 ...

Core Viewpoint - The A-share market continues to adjust, with the petrochemical ETF experiencing a slight decline, while certain stocks show gains and others face losses. The establishment of China's first national-level continental shale oil demonstration zone marks a significant achievement in unconventional oil and gas resource extraction [1]. Industry Summary - China's first national-level continental shale oil demonstration zone in Xinjiang has achieved an oil production of over 1.7 million tons this year, indicating the completion of its national-level demonstration project [1]. - Galaxy Securities forecasts a weak fluctuation in crude oil prices for December, with a slight decrease in industry cost pressures and an emphasis on optimizing supply-demand dynamics [1]. - The chemical industry remains at a low level of prosperity, with future investment themes focusing on addressing "involution" competition and fostering emerging industries, particularly in areas such as PTA, polyester filament, and robotic materials [1]. - The petrochemical ETF (159731) and its linked funds closely track the CSI Petrochemical Industry Index, with the basic chemical industry accounting for 60.39% and the oil and petrochemical industry for 32.71% of the index [1]. - The "anti-involution" policy is identified as a core theme for the petrochemical industry, with expectations for continued improvement in industry supply-demand and profitability [1].

Core Viewpoint - The Energy ETF Guangfa (159945) experienced a slight decline of 0.26% as of the midday close on December 10, with a trading volume of 0.9884 million yuan [1] Group 1: ETF Performance - The Energy ETF Guangfa (159945) closed at 1.160 yuan, reflecting a decrease of 0.26% [1] - The fund's performance benchmark is the CSI All Share Energy Index, managed by Guangfa Fund Management Co., Ltd. [1] - Since its inception on June 25, 2015, the fund has achieved a return of 16.53%, while its return over the past month has been -4.62% [1] Group 2: Major Holdings Performance - Major holdings within the Energy ETF include: - China Shenhua: down 0.77% - China Petroleum: down 0.82% - Shaanxi Coal: down 0.27% - China Petrochemical: down 0.84% - China National Offshore Oil: up 0.18% - Jereh: up 1.42% - Yanzhou Coal: up 0.15% - Guanghui Energy: up 0.61% - China Coal Energy: down 0.45% - Shanxi Coking Coal: up 0.61% [1]

（原标题：小摩：上调中国石油股份(00857)目标价至10港元 维持"增持"评级） 摩通对中石油西南油气田进行三天的考察，很惊讶发现该公司能够以低成本实现陆地天然气产量增长， 且更有信心该公司能成功摆脱连续五年油价下跌的影响。西南油气田一直是中石油产量增长的主要驱动 力，其2025财年53亿立方米的增长目标占全年62亿立方米目标的85%。 摩通还表示，该公司四川盆地有超过80万亿立方米的未开发天然气储量，而2025年国内天然气销售量预 计为2420亿立方米。该公司控制中国约80%的天然气储存容量，并计划在2030年将其西南地区的储存能 力提高一倍以上，使其充分利用即将到来的"低价现货液化天然气"浪潮中。 智通财经APP获悉，摩根大通发布研报称，上调中国石油股份(00857)目标价，由9港元上调至10港元， 同时上调A股，评级同维持"增持"，预计中石油2025财年每股股息为0.48元人民币，连续六年增长。 ...

Core Viewpoint - The collaboration between China National Petroleum Corporation (CNPC) and Changqing Oilfield has led to the development of China's first 100 kW oil and gas associated wastewater electrolysis hydrogen production system, which has achieved stable operation in the Sulige gas field [1] Group 1: Technology and Innovation - The system features a unique dual-structure electrolyzer design that operates under both atmospheric and pressurized conditions, allowing for direct treatment of high-concentration wastewater while simultaneously degrading pollutants and producing hydrogen [1] - The pressurized electrolyzer processes purified brine for large-scale, high-purity hydrogen production, overcoming technical challenges related to material deactivation in high-salinity and high-pollution environments [1] Group 2: Operational Performance - During the demonstration period, the system processed a total of 24 tons of wastewater, including fracturing flowback and produced water, achieving a maximum hydrogen production rate of 40 standard cubic meters per hour with a hydrogen purity of 99.99% [1] - The chemical oxygen demand (COD) removal rate from the wastewater reached 99%, indicating effective pollution treatment [1] Group 3: Economic Impact - The system's levelized cost of hydrogen production is approximately 25% lower compared to traditional methods that involve separate wastewater treatment and hydrogen production, assuming a green electricity cost of 0.2 yuan per kilowatt-hour [1]

摩通对中石油西南油气田进行三天的考察，很惊讶发现该公司能够以低成本实现陆地天然气产量增长， 且更有信心该公司能成功摆脱连续五年油价下跌的影响。西南油气田一直是中石油产量增长的主要驱动 力，其2025财年53亿立方米的增长目标占全年62亿立方米目标的85%。 摩通还表示，该公司四川盆地有超过80万亿立方米的未开发天然气储量，而2025年国内天然气销售量预 计为2420亿立方米。该公司控制中国约80%的天然气储存容量，并计划在2030年将其西南地区的储存能 力提高一倍以上，使其充分利用即将到来的"低价现货液化天然气"浪潮中。 智通财经APP获悉，摩根大通发布研报称，上调中国石油股份(00857)目标价，由9港元上调至10港元， 同时上调A股，评级同维持"增持"，预计中石油2025财年每股股息为0.48元人民币，连续六年增长。 ...

资料显示，中国石油天然气股份有限公司位于北京市东城区东直门北大街9号,香港金钟道89号力宝中心 2座3705室，成立日期1999年11月5日，上市日期2007年11月5日，公司主营业务涉及(i)原油及天然气的 勘探、开发、生产、输送和销售以及新能源业务;(ii)原油及石油产品的炼制,基本及衍生化工产品、其他 化工产品的生产和销售以及新材料业务;(iii)炼油产品和非油品的销售以及贸易业务;及(iv)天然气的输送 及销售业务。主营业务收入构成为：炼油产品69.64%，原油43.27%，天然气39.98%，化工产品8.78%， 其他7.00%，加油站非油品销售0.86%，其他收入0.04%，管输业务0.03%。 截至9月30日，中国石油股东户数50.39万，较上期增加4.46%；人均流通股324618股，较上期减少 4.33%。2025年1月-9月，中国石油实现营业收入21692.56亿元，同比减少3.86%；归母净利润1262.79亿 元，同比减少4.71%。 分红方面，中国石油A股上市后累计派现8752.80亿元。近三年，累计派现2470.78亿元。 机构持仓方面，截止2025年9月30日，中国石油十大流通股 ...