据悉，今年西南油气田年产量将达到500亿立方米，约占全国天然气产量四分之一。500亿立方米 天然气可满足超过1.5亿个家庭、4.5亿人一年的用气需求，为实施京津冀协同发展、西部大开发、 长江经济带发展等重大国家战略提供能源支撑。（王世玉 张伟） （来源：央视新闻） 7月20日，记者从中国石油获悉，我国西南最大天然气生产企业——西南油气田公司上半年新增15 口百万气井，天然气产量创新高，增量规模在全国各油气田中位居首位。 今年以来，西南油气田公司在四川盆地钻获15口百万方级气井，累计测试日产量超2000万立方 米，相当于发现了一个年产20亿立方米的大气田。今年1-6月，西南油气田公司累计生产天然气超 过240.2亿立方米，较去年同期增长约27.5亿立方米，创下历史同期最高纪录。 ...

转自：新华财经 海洋蕴藏着推动文明发展的关键能源，中国海油以"海"为魂，将"厚重、探索、博爱"的海洋精神熔铸于 强链未来、经略海洋、全球互联三大维度，谱写蓝色史诗。 此次链博会期间，中国海油展区吸引了多家中外合作伙伴及专业观众前来参观交流，参观人次过万、组 团来访单位近百家。多家权威媒体对中国海油突出成果和专家观点进行了重点报道。 在海油展区的一侧，立体鲸鲨跃出蔚蓝，吸引观众驻足观看并打卡合影。中国海油始终牢记"保护海洋 环境，热爱蓝色国土"的初心，时刻践行在保护中开发，在开发中保护的理念。 本次链博会是中国海油连续第三年参展，也是能源经济研究院链博会工作专班在集团工程与物装部指导 下连续第三年承接参展筹备工作。经过全体工作人员精心筹划和共同努力，中国海油展区获得大会主办 方高度认可以及广大观众的一致好评，荣获最高奖项"金牌展商"荣誉称号。（李军杰） 编辑：赵鼎 中国海油作为我国最大的海上油气生产商，坚持"海陆并进、油气并举、向气倾斜"，坚定不移向"双 深"（深水深层）、"双高"（高温高压）和非常规领域进军，统筹推动传统产业与新兴产业发展，强化 关键核心技术和装备攻关。 秉承海洋的探索基因与创新禀赋，中国海油 ...

Core Viewpoint - In the first half of the year, Daqing Oilfield focused on stabilizing crude oil production, advancing natural gas output, and accelerating new energy projects, achieving growth across oil, gas, and new energy production [1][2] Group 1: Oil and Gas Production - Domestic crude oil production increased by 10,900 tons year-on-year, while natural gas production rose by 222 million cubic meters [1] - The exploration in the Songliao Basin has steadily increased oil reserves, with significant developments in deep-layer tight gas exploration [1] - The implementation of "lean oil reservoir management" led to a production of 791,000 tons of oil in the South District, exceeding the plan by 42,000 tons [1] Group 2: New Energy Development - New energy projects achieved an operational scale of 538,700 kilowatts, generating 554 million kilowatt-hours of electricity, completing 52% of the annual plan [1] - New energy production equivalent reached 286,700 tons of standard coal, with wind and solar power generation at 554 million kilowatt-hours [2] - The geothermal heating area covered 751,100 square meters, with clean thermal energy utilization amounting to 39,600 tons of standard coal, all exceeding plans [2] Group 3: Technological Advancements - The "Digital Daqing Oilfield" initiative is accelerating, with digital technology integrated into the entire business chain, achieving a single well digital coverage rate of 97.65% and station coverage of 89.1% [2] - As of the end of June, 166 invention patent applications were filed, with 45 granted, and a technology achievement from the Oil Extraction Technology Research Institute was recognized as an excellent case for national achievement transformation [2] - The technology transformation rate in recent years reached 89% [2]

作为激烈回应，ST新潮现已向法院起诉立信所。公司指控立信会计师事务所未能勤勉尽责、违反审计 准则，并提出明确诉讼主张：要求撤销现有审计报告并重新出具符合标准的报告，追讨已支付的350.1 万元审计费及30万元律师费，并要求签字注册会计师沈家桢、冯蕾承担连带责任。 登录新浪财经APP 搜索【信披】查看更多考评等级 7月19日，*ST新潮（维权）发布公告称，收到上海市黄浦区人民法院（以下简称"黄浦区人民法院"） 的受理通知书。*ST新潮认为，立信会计师事务所、签字注册会计师沈家桢及冯蕾未遵守相关法律及审 计准则的规定，并在此基础上草率出具《审计报告》及《内部控制审计报告》，严重损害其合法权益， 请求判令：（1）立信会计师事务所撤销其作出的信会师报字[2025]第ZA12832号《审计报告》及信会师 报字[2025]第ZA12833号《内部控制审计报告》，重新出具审计报告及内部控制审计报告；（2）立信会 计师事务所向原告返还已收取的审计服务费（含税）3，501，000.00元，并承担原告律师费300，000.00 元；（3）沈家桢及冯蕾为第（1）项诉讼请求承担连带责任。 事件脉络与核心争议 ST新潮因立信会计师事务 ...

Investment Rating - The report gives an "Overweight" rating for the petrochemical industry, indicating a positive outlook compared to the overall market performance [1]. Core Insights - The petrochemical industry is experiencing a downturn due to falling oil prices, with expectations for recovery in the mid to downstream sectors in the future [1]. - The report highlights a significant decrease in crude oil prices in Q2 2025, with Brent crude averaging $66.7 per barrel, down 11.0% quarter-on-quarter and 21.5% year-on-year [5][6]. - Key companies in the industry are projected to report lower profits in Q2 2025 due to the impact of declining oil prices and inventory losses [5]. Summary by Sections Oil Price Trends - In Q2 2025, Brent crude oil averaged $66.7 per barrel, with a quarter-on-quarter decrease of 11.0% and a year-on-year decrease of 21.5% [5][6]. - Gasoline and diesel prices were adjusted three times upwards and two times downwards, with total reductions of 155 CNY/ton for gasoline and 150 CNY/ton for diesel [5]. Price Spread Analysis - The report notes that the price spreads for styrene, PX-naphtha, ethylene-naphtha, and crude oil catalytic cracking widened, while spreads for propane-propylene, butyl acrylate, and PTA-PX narrowed in Q2 2025 [5][7]. - The average price spread for ethylene from ethane was $567/ton, narrowing by $43/ton quarter-on-quarter [5][7]. Company Performance Forecasts - Major companies are expected to report the following net profits for Q2 2025: - China National Petroleum Corporation (CNPC): 40 billion CNY (YoY -7%, QoQ -15%) - China National Offshore Oil Corporation (CNOOC): 30 billion CNY (YoY -25%, QoQ -18%) - Sinopec: 6 billion CNY (YoY -65%, QoQ -55%) - CNOOC Services: 1.2 billion CNY (YoY +25%, QoQ +35%) - Offshore Oil Engineering: 600 million CNY (YoY -17%, QoQ +11%) [5][10]. Investment Recommendations - The report suggests a positive outlook for polyester recovery, recommending attention to leading companies such as Tongkun Co. and Wankai New Materials [5]. - It also highlights potential improvements in refining companies' costs and competitive positioning, recommending companies like Hengli Petrochemical and Sinopec [5]. - The report indicates that the upstream exploration and development sector remains robust, with recommendations for offshore oil service companies like CNOOC Services and Offshore Oil Engineering [5].

大庆油田上半年油气新能源产量实现增长 金十数据7月18日讯，18日从中国石油大庆油田获悉，2025年上半年，大庆油田国内原油产量同比增加 1.09万吨；天然气产量同比增加2.22亿立方米；新能源项目在运规模53.87万千瓦，发电量5.54亿千瓦 时，完成年度计划的52%。在新能源业务方面，今年上半年，大庆油田各项总量和单项指标均超计划运 行。其中，新能源产量当量28.67万吨标煤，完成年度计划的62%；风光发电量达5.54亿千瓦时，完成年 度计划的52%；地热供暖面积75.11万平方米，清洁热能利用量为3.96万吨标煤，完成年度计划的62%。 （新华社） ...

Core Viewpoint - The third China International Supply Chain Promotion Expo showcased advancements in various sectors, with a focus on clean energy and the role of the Belt and Road Initiative (BRI) in global energy governance [1][6]. Group 1: Clean Energy and BRI - The clean energy chain exhibition highlighted the full-cycle industrial chain of clean energy, attracting leading industry players [1]. - The BRI is expected to play a significant role in global energy governance by promoting diversified energy governance mechanisms and creating a cooperative platform for energy collaboration among BRI countries [1][6]. - China National Offshore Oil Corporation (CNOOC) has established four major oil and gas cooperation zones in BRI countries, holding assets in 11 countries with a production share of 65% [4][6]. Group 2: Oil and Gas Discoveries - CNOOC reported a significant oil discovery in Guyana, with over 10 billion barrels identified, positioning it as the fourth-largest oil producer in Latin America [2][4]. - The production in Guyana is projected to double to 1.3 million barrels per day by 2030, enhancing CNOOC's overseas investment returns [2][11]. Group 3: Technological Advancements - CNOOC is advancing in deepwater exploration, carbon capture technology, and offshore wind power, establishing a strong competitive edge [2][8]. - The company has developed the "Deep Sea No. 1" energy station for 1,500-meter deepwater oil and gas field development and the world's first deep-sea floating wind power platform [2][8]. Group 4: Risk Management and Strategic Focus - CNOOC adheres to a principle of avoiding high-risk areas and investments, effectively managing geopolitical and market volatility risks [3][11]. - The company is optimizing its global asset portfolio by advancing low-cost projects in Guyana and Brazil while disposing of non-core assets [3][11]. Group 5: Future Energy Cooperation Trends - Future international energy cooperation is expected to be more regionally focused, with complex and changing environments for resource countries [13][14]. - Energy security concerns and economic development aspirations will create opportunities for energy cooperation, particularly in newly discovered oil and gas regions [14].

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [1][6][7] Core Viewpoints - The company is steadily advancing domestic oil and gas reserves and production, with a significant breakthrough in metamorphic rock exploration in the South China Sea [2][3] - The Bohai Oilfield has achieved a record oil and gas production of 20.5 million tons in the first half of 2025, enhancing offshore oil and gas supply capabilities [4][9] - The Guyana Stabroek block has reached a new monthly production high, with the Yellowtail project expected to commence production in Q4 2025, increasing total capacity to 940,000 barrels per day [4][10] Summary by Sections Domestic Production - The Weizhou 10-5 South Oilfield has made a significant breakthrough in metamorphic rock exploration, with a test well producing 400 barrels of oil and 16.5 million cubic feet of gas per day [3][8] - The Weizhou 5-3 oilfield development project has been put into production, with an expected peak output of approximately 10,000 barrels of oil equivalent per day by 2026 [3][8] Financial Forecasts - The Brent oil price forecast for 2025-2027 has been revised down from $75 to $68 per barrel, leading to a reduction in the company's net profit estimates to 126.3 billion, 129.7 billion, and 135 billion yuan for 2025, 2026, and 2027 respectively [6][17] - Corresponding EPS estimates are 2.66, 2.73, and 2.84 yuan, with PE ratios of 9.7, 9.4, and 9.0x for the same years [6][17] Market Conditions - OPEC+ is gradually exiting an additional voluntary production cut of 2.2 million barrels per day, with short-term demand supported by seasonal factors [5][13] - The average WTI crude oil price for Q2 2025 is projected at $64.0 per barrel, reflecting a 10.5% quarter-on-quarter decline and a 20.7% year-on-year decline [5][14]

Core Insights - Central enterprises are facing a complex external environment but are maintaining a steady operational trend through quality improvement and value creation initiatives [2][3] - The goal for the year is to achieve high-quality development, with a focus on enhancing operational efficiency and addressing challenges [3][7] Group 1: Operational Performance - From January to June, central enterprises achieved an added value of 5.2 trillion yuan, with an annualized labor productivity of 816,000 yuan per person, reflecting a year-on-year increase of 2.3% [2] - Research and development expenditure reached 413.98 billion yuan, and fixed asset investment totaled 2 trillion yuan [2] Group 2: Strategic Initiatives - The State-owned Assets Supervision and Administration Commission (SASAC) has outlined key measures for the second half of the year, including close monitoring of macroeconomic conditions and market trends, as well as capturing new consumer demands [3] - Emphasis is placed on cost reduction through centralized procurement and lean management, alongside a focus on digital and green upgrades [3] Group 3: Innovation and Productivity - Central enterprises are urged to prioritize the cultivation of new productive forces and improve total factor productivity to drive growth [4] - The SASAC aims to enhance the integration of technology and industry, with a focus on original and leading technology supply capabilities [4][5] Group 4: Reform and Restructuring - By 2025, the reform and enhancement actions for state-owned enterprises are expected to be completed, with an average completion rate of over 80% for key reform tasks [7] - Strategic restructuring and integration are highlighted as important means for optimizing resource allocation, with a focus on enhancing efficiency and vitality in response to new challenges [8]

Group 1: Inflation Trends - The Producer Price Index (PPI) for June 2025 recorded a year-on-year increase of 2.3%, marking the lowest level since September 2024, with market expectations at 2.5% [1] - The core PPI, excluding food, energy, and trade services, remained flat, with a 12-month cumulative increase of 2.5%, indicating low potential inflation stickiness [2] - The overall manageable producer price pressure suggests a likelihood of the Federal Reserve maintaining current interest rates or gradually lowering them [2] Group 2: Sector-Specific Insights - Energy prices saw a 0.6% increase in June, with gasoline prices rising by 1.8% and industrial electricity prices by 2.7%, indicating structural opportunities in the energy sector [3] - The demand for communication and related equipment prices increased by 0.8% in June, reflecting ongoing enterprise demand for 5G upgrades and data center construction [3] - Despite a 0.9% overall decline in transportation and warehousing services, freight forwarding prices rose by 8.0%, highlighting increased demand for logistics optimization amid global supply chain restructuring [3][4] Group 3: Consumer Services and Agricultural Products - Travel accommodation prices dropped by 4.1% in June, the largest monthly decline in six months, indicating short-term pressure on the tourism sector [5] - Egg prices plummeted by 21.8% in June, with a 12-month cumulative increase narrowing to 15.8%, primarily due to oversupply [9] - The price of unprocessed chicken decreased by 25.0%, suggesting potential short-term profitability pressures for poultry farming enterprises [9]