Core Viewpoint - The establishment of the "Yangtze River Delta Offshore CCUS Industry Alliance" aims to promote carbon capture, utilization, and storage (CCUS) technology as a strategic approach to achieving carbon peak and carbon neutrality goals while ensuring national energy security [1] Group 1: Alliance Formation - The alliance is initiated by CNOOC (China National Offshore Oil Corporation) in collaboration with over 30 entities, including China Baowu Steel Group, COSCO Shipping, Zhejiang Energy Group, and several universities [1] - The alliance will create a collaborative innovation system guided by the government, led by enterprises, and supported by academic institutions [1] Group 2: Focus Areas - Key activities will include information sharing, technology exchange, talent cultivation, policy research, standard formulation, project demonstration, and industry development [1] - The alliance will focus on critical core technologies and promote the construction of demonstration projects for commercial and large-scale applications [1] Group 3: Regional Impact - The establishment of the alliance is seen as a catalyst for Shanghai to implement the national "dual carbon" strategy, enhancing technological innovation and industrial collaboration [1] - The initiative aims to inject new momentum into the green and low-carbon development of the Yangtze River Delta region [1]

13 2 2 2 2 2 1 2 1 2 1 2 1 2 1 2 2 285 1975 2 12 8 . 74 T THE House d 11:10 111 Holland POCH BERG 在线体育在线体育投注体育在线备用户端的体育投资的提款的体育和用信息的时间是用户端目的时候，我们就是我们的意思想和我们的意思想和我们的意思想的意见，我 牢记嘱托奋进新征程，持续向深探索资源潜力、向高攀登科技高峰、向宽拓展发展道路，"十四五"以 来，预测、控制、探明储量连续3年均超亿吨，原油产量保持箭头向上。 时间刻下光辉的足迹。 我国首个百万吨级CCUS(二氧化碳捕集、利用与封存)项目全面投运，对我国CCUS规模化发展具有巨大 示范意义； …… 进步是全方位的、改变是深层次的。"十四五"以来，胜利油田实现一系列突破性进展，取得一系列标志 性成果，预测、控制、探明储量连续三年分别超亿吨；原油产量稳产6年之后，连续三年保持"箭头向 上"，对比2020年，2024年原油产量增加19万吨，2025年预计增加29万多吨。 大众新闻记者 顾松 通讯员 朱向前 王维东 胜利油田建成了我国首个百万吨级CCUS示范工程。 向深探索，家底 ...

Core Insights - China National Offshore Oil Corporation (CNOOC) announced that its first offshore carbon dioxide (CO2) storage demonstration project, the Enping 15-1 oilfield CO2 storage project, has cumulatively stored over 100 million cubic meters of CO2, equivalent to the carbon absorption of 2.2 million trees, indicating the maturity of China's offshore CO2 storage technology and capabilities [1][8][12] Group 1: Project Overview - The Enping 15-1 platform, located in the Pearl River Mouth Basin of the South China Sea, began operations on May 22 this year, marking China's first offshore CO2 capture, utilization, and storage (CCUS) project [3][8] - The project aims to reduce CO2 emissions while enhancing oil production, utilizing high CO2 content in the oilfield to prevent corrosion and atmospheric release [7][10] Group 2: Technical Details - The CCUS technology involves capturing CO2 from emission sources, compressing it, and injecting it into geological formations for long-term storage [8][10] - The project has achieved a CO2 storage capacity exceeding 40 million cubic meters annually, with plans to scale up to over 1 million tons in the next decade, driving an additional 200,000 tons of oil production [9][12] Group 3: Industry Implications - The successful implementation of the project provides a technical template for large-scale CO2 reduction in coastal enterprises and oilfield development [12][14] - China's offshore CO2 storage potential is estimated at 25.8 billion tons, with ongoing projects aimed at creating a complete and internationally competitive offshore CCUS industry chain [14]

Core Viewpoint - The collaboration between Shengli Oilfield and Qilu Petrochemical has led to the establishment of China's first million-ton-level CCUS (Carbon Capture, Utilization, and Storage) demonstration project, effectively addressing key technical challenges in low-cost carbon capture, long-distance CO2 pipeline transportation, and geological storage in oil and gas fields, achieving a dual win of increased oil production and reduced carbon emissions [1][2][3]. Group 1: Project Overview - The CCUS project has injected over 2 million tons of CO2 since its inception, increasing daily oil production in the demonstration area from 220 tons to 460 tons [1]. - The project captures CO2 from Qilu Petrochemical's coal-to-hydrogen industrial tail gas, liquefies it, and transports it to Shengli Oilfield for oil recovery and storage [3]. - The project covers 12 oil reservoir blocks, with a design of 73 gas injection wells and 166 oil production wells, along with the construction of 15 gas injection stations and 2 centralized processing stations [3]. Group 2: Technical Innovations - Shengli Oilfield has established a "Key Laboratory for Carbon Capture, Utilization, and Storage" to enhance research and development in CCUS technologies [2]. - The project has developed various experimental devices for gas drive physical simulation, geological safety, and gas drive efficiency, leading to breakthroughs in CO2 high-pressure miscible flooding theory [2][9]. - A dedicated 109-kilometer CO2 transportation pipeline with an annual capacity of 1 million tons was constructed, addressing the challenges of long-distance CO2 transportation [5][6]. Group 3: Equipment and Methodology - The project utilizes a self-developed CO2 booster pump to maintain supercritical pressure during transportation, which is crucial for long-distance and low-cost CO2 delivery [6][7]. - The CCUS demonstration area is designed to inject over 10 million tons of CO2 over 15 years, with an expected increase in oil production of nearly 3 million tons [8][9]. - The project has led to the development of four national and industry CCUS standards, with 56 patents and 11 software copyrights granted [9].

Core Viewpoint - The first offshore carbon dioxide (CO2) storage demonstration project in China has successfully stored over 100 million cubic meters of CO2, indicating the maturity of China's offshore CO2 storage technology and its significance in achieving national carbon neutrality goals and promoting a green low-carbon transition in the economy [1][3]. Group 1: Project Overview - The project is located in the Enping 15-1 oilfield, which is the first high CO2 content oilfield in the Pearl River Mouth Basin [3]. - The project commenced operations in June 2023, focusing on the integrated research of geological reservoirs, drilling, and engineering [3]. - The annual CO2 storage capacity of the project exceeds 40 million cubic meters, with plans to reinject over 550 million cubic meters of CO2 over the next decade, driving an increase in crude oil production by 200,000 tons [4][3]. Group 2: Technological Advancements - The project has developed a complete standard operating procedure for offshore CO2 storage, providing important practical experience and data support for large-scale applications [5]. - New equipment, including CO2 compressors and gas treatment systems, has been developed to ensure the quality of the reinjected gas [7]. - The project represents a full-chain upgrade of offshore CO2 capture, storage, and utilization technologies, creating a new model for marine energy recycling [3][11]. Group 3: Future Developments - China is moving towards cluster development of CO2 capture, storage, and utilization projects, with plans for a million-ton-level carbon capture and storage cluster project in Huizhou, Guangdong [9]. - The project aims to enhance oil and gas recovery rates by utilizing CO2, with plans to establish CO2-driven oil and gas centers in both northern and southern regions of China [9]. - The transition from carbon capture and storage (CCS) to carbon capture, utilization, and storage (CCUS) is expected to open new pathways for large-scale emission reductions in offshore oil fields and coastal high-emission enterprises [11].

Core Viewpoint - Shaanxi Yanchang Petroleum is enhancing its oil production efficiency through innovative water injection techniques and carbon capture technologies, aiming for sustainable development and significant production increases by 2027 [2][3][5]. Group 1: Oil Production Techniques - The company has implemented water injection technology to maintain reservoir pressure, resulting in an increase in annual oil production from 3.5 million tons in 2015 to an expected 13.2 million tons in 2024 [2][3]. - Cumulative water injection wells have reached 111, with production increasing from 3.9 million tons to 13.2 million tons since 2015, and daily production rising from 97 tons to 410 tons, a threefold increase [3]. - The natural decline rate of oil production has improved from 6.8% to -3.3%, indicating enhanced production stability [3]. Group 2: Carbon Capture and Utilization - The company is actively injecting 360,000 tons of CO2 underground annually, which not only sequesters greenhouse gases but also aids in oil recovery [4][5]. - The CO2 enhanced oil recovery method can increase oil recovery rates by 8.1% [5]. - The company has established a complete industrial chain for CO2 capture, utilization, and storage, with a cost of 105 yuan per ton for CO2 capture [5]. Group 3: Chemical Products and Innovations - Shaanxi Yanchang Petroleum has developed high-end polyethylene products, with over 65% of its output being high-end polyolefins, including photovoltaic-grade ethylene-vinyl acetate (EVA) [6]. - The company’s EVA product has a high transparency rate and is priced over 10,000 yuan per ton, meeting the demand for 56 GW of photovoltaic installations [6]. Group 4: Mechanism and Marketing Innovations - The company is reforming its research and development mechanisms, consolidating multiple research units into two main institutes to enhance innovation efficiency [7]. - A new online bidding platform for refined oil products was launched, attracting 20 companies and facilitating the auction of 8,385 tons of refined oil [8]. - The company aims to maximize product value through innovative business models and digital marketing strategies [8].

Core Insights - The China Energy Research Society has released a list of high-value patents and technology transfer cases in the energy and power industry, with four achievements from Shengli Oilfield included [1] Group 1: High-Value Patents and Technology Achievements - The "Viscoelastic Particle Oil Displacement Agent" developed by the Exploration and Development Research Institute significantly improves oil recovery rates, achieving an increase of 8.5 percentage points, leading to a final recovery rate of 63.6% [1] - The "Water-Gas Alternating Injection Column and Operation Method" enhances gas sealing capabilities and reduces the difficulty of unsealing packers, implemented in over 30 wells [2] - The "Microbial Oil Displacement Slow-Release Activator System" combines encapsulation technology with biological control, ensuring efficient use of activators and significantly improving microbial oil recovery [2] - The "Method for Extracting Shale Oil through Volume Fracturing in Horizontal Wells" introduces a new fracturing technology system, crucial for stabilizing oil field production and ensuring national energy security [2] Group 2: Application and Impact - The viscoelastic particle oil displacement agent has been industrially promoted in multiple oil fields, including Shengli, Henan, North China, and Jianghan, demonstrating significant water reduction and oil increase effects [1] - The advancements in technology support the green and high-quality development of oil fields, addressing challenges in high-water-content old oil fields [2]

Core Viewpoint - China National Petroleum Corporation (CNPC) reported a decline in revenue and net profit for the first half of 2025, while also announcing plans for significant acquisitions to enhance its natural gas operations [2][7]. Financial Performance - CNPC achieved operating revenue of 1.45 trillion yuan, a year-on-year decrease of 6.7% [2] - The net profit attributable to shareholders was 84.007 billion yuan, down 5.4% year-on-year [2] - The company plans to distribute an interim dividend of 0.22 yuan per share, totaling approximately 40.265 billion yuan [2] Acquisition Plans - CNPC intends to invest a total of 400.16 billion yuan to acquire 100% equity in three gas storage companies [11][12] - The acquisition will enhance the company's asset optimization and business integration, promoting stable operations in the natural gas sector [15] - The three gas storage companies will be included in CNPC's consolidated financial statements, positively impacting overall financial status and operational results [16] Production and Sales Growth - CNPC's oil and gas equivalent production reached 924 million barrels, a 2.0% increase year-on-year [9] - Crude oil production was 476 million barrels, up 0.3% year-on-year, while marketable natural gas production was 2.68 trillion cubic feet, increasing by 3.8% [9] - The company reported a significant growth in renewable energy projects, with wind and solar power generation increasing by 70.0% [9] Business Segments Performance - In refining, CNPC processed 690 million barrels of crude oil and produced 59.572 million tons of refined oil [9] - Chemical product output was 19.971 million tons, a 4.9% increase, while new materials production surged by 54.9% [9] - The sales of refined oil reached 77.831 million tons, with LNG sales increasing by 58.9% and charging services growing by 213% [9][10]

Core Viewpoint - The Bohai Oilfield, developed by China National Offshore Oil Corporation (CNOOC), has achieved significant milestones in oil and gas production, with plans to further increase output to 40 million tons by 2025, supported by advanced technology and new projects [2][5][6]. Group 1: Production Achievements - The Bohai Oilfield has become China's largest offshore oil and gas production base, contributing nearly one-sixth of the country's crude oil output [2]. - In the first quarter of 2025, the oil and gas production reached a historic breakthrough of over 10 million tons [4]. - The daily crude oil production has surpassed 100,000 tons, with confirmed reserves of 2.24 billion barrels of oil equivalent by the end of 2024 [3][5]. Group 2: Technological Advancements - The Bohai Oilfield has implemented remote intelligent control for its production wells, ensuring real-time monitoring and data collection, which enhances safety and efficiency [3]. - The development of the Bohai Oilfield has seen multiple technological breakthroughs, filling gaps in domestic offshore oil and gas field development technology [3][6]. Group 3: Future Development Plans - CNOOC plans to achieve an annual production target of 40 million tons by 2025, with several key projects, including the Bohai Zhong 26-6 oilfield and the Kenli 10-2 oilfield, expected to contribute significantly to this goal [5][6]. - The company is focusing on value exploration and has reported successful discoveries of multiple billion-ton oil and gas fields, which will support stable production growth [6]. Group 4: Environmental Initiatives - CNOOC aims to establish a CCUS (Carbon Capture, Utilization, and Storage) demonstration center in northern China, leveraging key projects like the Bohai Zhong 19-6 gas field to promote low-carbon development [7]. - The company emphasizes a development philosophy that balances protection and development, aiming for high-quality green development in the Bohai Oilfield [8].

Core Viewpoint - The construction of a 400-kilometer carbon dioxide pipeline in Jilin Province marks a significant advancement in China's carbon capture, utilization, and storage (CCUS) technology, aiming to enhance oil extraction and facilitate carbon storage [1][2]. Group 1: Pipeline Project Details - The pipeline will be the longest, largest diameter, and highest pressure carbon dioxide pipeline in China, connecting Jilin Petrochemical and Jilin Oilfield [1]. - The first phase of the project will transport carbon dioxide generated during production processes from Jilin Petrochemical and nearby enterprises to Jilin Oilfield for enhanced oil recovery or carbon storage [1]. Group 2: CCUS Technology and Implementation - Jilin Oilfield has been exploring methods to utilize carbon dioxide for oil extraction for over 30 years, implementing various enhanced oil recovery techniques [1]. - The Daqingzi Oilfield, characterized by low permeability and low yield, has seen a 25% increase in oil recovery rates through CO2 injection, with over 370,000 tons of CO2 injected cumulatively [2]. - The project aims to establish five CCUS demonstration zones by the end of 2024, contributing significantly to China's carbon reduction goals [2]. Group 3: Technical Innovations - The pipeline will utilize supercritical/mixed-phase CO2 transport technology, operating at a pressure of 14.5 MPa, which is significantly higher than most existing pipelines [3]. - Advanced technologies such as centrifugal compressors and fiber-optic leak detection will be employed, filling domestic technical gaps in CO2 transport [3]. Group 4: Future Prospects and Applications - The pipeline is designed to integrate with surrounding renewable energy projects, allowing for the absorption of external carbon sources and providing CO2 for various industrial applications [3]. - Jilin Oilfield has already provided CCUS solutions to nine companies and plans to expand its pipeline network to enhance CO2 transport capacity [3].