Core Viewpoint - Zhongman Petroleum announced that its controlling shareholder, Zhongman Holdings, has pledged 20 million unrestricted circulating shares to Huazheng Securities, extending the pledge period until November 11, 2026, for debt replacement purposes [1] Group 1: Shareholding and Pledge Details - Zhongman Holdings holds 87.9005 million shares, accounting for 19.01% of the total share capital [1] - The pledged shares represent 22.75% of Zhongman Holdings' total holdings and 4.33% of the company's total share capital [1] - After the pledge extension, Zhongman Holdings has cumulatively pledged 48.3586 million shares, which is 55.02% of its holdings and 10.46% of the company's total share capital [1] Group 2: Financial Implications - There are 10.4043 million pledged shares maturing within the next six months, corresponding to a financing principal of 100 million yuan [1]

2025年，河南油田以"控制自然递减率、提高采收率、提高油汽比"为目标，针对老区产量递减快等问 题，通过开辟新赛道、实施新措施、攻关新技术，根据老井、新井、措施井的不同稳产需求，全力稳住 老区产量。1至9月，该油田老区原油产量比计划超产4500吨。 当前，河南油田剩余油多集中在难开采的低品位区域，采出这些剩余油需依靠"撒手锏"技术。针对老区 已部署的新井，河南油田借鉴成功开发经验，组织地质、工程技术人员联合攻关，构建砂体、流线、构 造一体化分析模式，协同推进剩余油富集区老井补能与新井采油。前9个月，老区新井日增油35.6吨， 累计增油3844.3吨，增储92.88万吨。 实施新措施 降低成本多产效益油 10月11日，双K2509井、T5-3512井等日产油量大幅提升。"这是应用氮气抑水这一低成本增产措施取得 的成效。"河南油田研究院双河地质研究所所长吴长虎介绍说，"开发时间越长，地下情况越复杂，常规 措施很难高质量解决问题。" 以往针对复杂油藏，河南油田采用返层补孔等常规措施的收成逐年下滑，单井日增油从5年前的1吨降至 目前的0.54吨，高投入难获高回报。河南油田坚持"投入的每分钱都要保证效益"的原则，先算效 ...

Core Insights - The cumulative shale oil production of Changqing Oilfield has surpassed 20 million tons, marking a new stage in the large-scale and efficient development of continental shale oil in China [1] Production and Technology - The shale oil in the Ordos Basin is buried at depths of over 2000 meters, with reservoir pressure significantly lower than conventional oil fields, making natural energy-driven development unfeasible [1] - The permeability of the shale reservoir is only one-thousandth of that of conventional oil fields, posing challenges for effective extraction using conventional techniques [1] - Changqing Oilfield has adopted a core strategy of "fracturing and seam creation + precise energy supplementation" to address technical difficulties, creating artificial channels through fracturing and injecting energy carriers at high pressure to activate the reservoir [1] Technological Advancements - Through a series of technological breakthroughs, Changqing Oilfield has continuously improved the recovery rate of shale oil [1] - The company has independently developed 12 key core technologies, including soluble metal ball seats and multifunctional fracturing fluids, achieving technological autonomy [1] - The application of green and efficient carbon dioxide enhanced oil recovery technology has increased the daily production per well from 1.5 tons to 18 tons, with overall technology reaching an internationally advanced level [1] Development Timeline - Changqing Oilfield has established a significant shale oil production area in the Ordos Basin, providing insights and practical experience for the large-scale and efficient development of shale oil resources in China [1] - The time taken to increase cumulative production from 10 million tons to 20 million tons was only 3 years, compared to 12 years for the initial 10 million tons [1]

页岩油是指在页岩层系中产出的非常规石油资源，是我国原油长期稳产的重要接替力量，但开发难度极 高。长庆油田所在的鄂尔多斯盆地页岩油资源探明储量超10亿吨。今年以来，长庆油田加快页岩油生产 步伐，新增水平井144口，日产量突破10000吨，创历史新高。 据中国石油消息，我国最大页岩油生产基地——长庆油田页岩油累计产量突破2000万吨，标志着我国陆 相页岩油开发迈入规模化、效益化新阶段。 长庆油田从页岩油攻关起步到累产1000万吨用了12年，而从1000万吨攀升至2000万吨仅用3年。目前， 长庆油田页岩油产量占国内页岩油总产量的一半以上，是全球首个实现规模效益开发的陆相页岩油田。 中国石油长庆油田公司油田开发事业部副经理刘一仓说："我们将持续加大页岩油勘探开发力度，预计 到年末，长庆油田页岩油年产量有望突破350万吨，计划到2030年页岩油年产量达到450万吨，为我国能 源安全再添新保障。" ...

以往针对复杂油藏，河南油田采用返层补孔等常规措施的收成逐年下滑，单井日增油从5年前的1吨降至 目前的0.54吨，高投入难获高回报。河南油田坚持"投入的每分钱都要保证效益"的原则，先算效益账， 明确增产措施"四不"标准：单井剩余的控制储量小于0.5万吨的油井不上增产措施、没有能量补充的油 井不上增产措施、日增油小于1吨的油井不上增产措施、投资和产油比例小于1.5的油井不上增产措施。 按照这一原则，河南油田运用降黏吞吐、酸化解堵等工艺，实现油井自我增能、降黏剂替代蒸汽、注水 压力有效提升。今年前9个月，该油田在老区实施增能吞吐、微生物降黏等措施72井次，减少作业投入 497万元，减少作业占产380吨。 攻关新技术 拓宽增产新阵地 2025年，河南油田以"控制自然递减率、提高采收率、提高油汽比"为目标，针对老区产量递减快等问 题，通过开辟新赛道、实施新措施、攻关新技术，根据老井、新井、措施井的不同稳产需求，全力稳住 老区产量。1至9月，该油田老区原油产量比计划超产4500吨。 "9月底，老区自然递减率较计划减少了2个百分点，老区稳产有了新成效。"河南油田采油一厂厂长刘宇 说。 开辟新赛道 严控老井递减速度 解决水平 ...

Group 1: Chemical Industry Performance - The chemical raw materials index increased by 3.79%, and the chemical machinery index rose by 8.33% last week, while the chemical pharmaceuticals index decreased by 2.91% [1] - The pesticide and fertilizer index saw an increase of 4.32% [1] - In the oil sector, the oil processing index rose by 3.72%, the oil extraction index increased by 5.63%, and the oil trading index went up by 4.41% [1] Group 2: Oil Price Trends - International crude oil prices experienced slight fluctuations downward, with West Texas Intermediate crude oil futures settling at $59.75 per barrel, down 2.02% from October 31 [1] - Brent crude oil futures settled at $63.63 per barrel, down 2.21% from October 31 [1] Group 3: Chemical Product Price Changes - The top five chemical products with the highest price increases included folic acid up 20%, nitric acid up 10.43%, sulfur up 9.95%, industrial-grade lithium carbonate up 9.51%, and petroleum coke up 7.23% [1] - The top five chemical products with the largest price decreases included liquid chlorine down 34%, butadiene down 7.69%, trichloroethylene down 6%, styrene-butadiene-styrene copolymer (SBS) down 5.9%, and carbon black down 5.53% [1] Group 4: Capital Market Performance of Chemical Companies - The top five chemical companies in the capital market with the highest stock price increases were Qing Shui Yuan up 47.78%, Zhenhua Co. up 37.19%, Fuluo Technology up 33.38%, Unified Co. up 32.93%, and Zhuoyue New Energy up 26.38% [2] - The bottom five chemical companies with the largest stock price decreases were Huidet Technology down 24.78%, Yashichuang Energy down 19.09%, Kaimete Gas down 18.64%, Weike Technology down 8.98%, and Yokogawa Precision down 8.86% [2]

Core Insights - Occidental Petroleum reported third-quarter profits exceeding Wall Street expectations due to increased production offsetting the impact of falling oil prices [1] Financial Performance - Adjusted earnings per share for Occidental Petroleum were $0.64, surpassing the expected $0.52 [1] - Revenue decreased by 6% year-over-year to $6.72 billion, slightly below expectations [1] Production Metrics - Occidental Petroleum's average global production for the third quarter was 1.46 million barrels of oil equivalent per day (MMboepd), an increase from 1.41 million barrels a year earlier [1] - The company anticipates fourth-quarter production to range between 1.44 million and 1.48 million barrels of oil equivalent per day [1]

Core Insights - Daqing Oilfield has achieved a significant breakthrough in enhanced oil recovery (EOR) technology, with the successful implementation of polymer flooding in the Xinnan development area, resulting in an oil increase of over 50,000 tons [1][4]. Group 1: Technology and Development - The Xinnan development area has been focusing on finding new production growth points as the recoverable reserves from Class I oil layers decrease due to ongoing industrial development [3]. - Class III oil layers, which are crucial for potential reserves, have been challenging to develop due to severe heterogeneity and lack of mature EOR technology solutions [3]. - In August 2018, Daqing Oilfield initiated a field trial for polymer flooding in the upper return of the I1-2 layer, aiming to explore suitable injection systems and development technologies for Class III oil layers [3]. Group 2: Implementation and Results - The technical team established a classification development principle for well groups, allowing for personalized injection plans based on the development and connectivity of oil layers, leading to efficient polymer injection [3]. - The trial area achieved a cumulative utilization thickness ratio of 94.59%, significantly exceeding the expected target, demonstrating effective oil layer utilization [3]. - The successful trial not only validated the feasibility of EOR technology for Class III oil layers but also provided a replicable and scalable technical model for the entire oilfield [4].

2025年，大庆油田古龙陆相页岩油已实现规模化效益开采，年内产量将突破100万吨。 记者日前从中国石油大庆油田获悉，大庆古龙陆相页岩油国家级示范区2025年实现页岩油规模化效益开采。 五年时间，大庆油田建立从实验评价到钻井采油全生命周期的系列技术。"双甜点"甜点评价与地球物理预测系列技术、水平井优快钻完井技 术、逆混合复合压裂技术等，为我国陆相页岩油开发突破提供关键支撑。 大庆钻探打造形成以"技术创新+管理优化"为核心的"古龙工程技术服务模式"，将平均钻完井周期从最初的113天大幅缩短至26.31天，钻井成 本降幅40%以上。 ...

Economic Indicators - In October, the Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, reflecting the effectiveness of policies aimed at expanding domestic demand and the impact of the National Day and Mid-Autumn Festival holidays [1] - The Producer Price Index (PPI) for industrial producers shifted from flat in the previous month to a 0.1% increase, marking the first rise of the year [1] Aerospace Achievements - The Long March 11 Yao 6 rocket successfully launched three experimental satellites on November 9, marking the 606th flight of the Long March series [1] Antarctic Exploration - The "Snow Dragon" and "Snow Dragon 2" vessels commenced China's 42nd Antarctic expedition, with "Snow Dragon" making a brief stop in Australia before heading to Zhongshan Station [3] Sports Events - The 15th National Games opened on November 9, showcasing a theme of "Dreaming of the Future" and highlighting the collaboration between Guangdong, Hong Kong, and Macau [3] Import Expo - The 8th China International Import Expo concluded on November 10, featuring over 83 supporting activities and achieving more than 300 cooperation intentions with a total intended cooperation amount exceeding $10.3 billion [4] Internet Conference - The 2025 World Internet Conference held in Wuzhen attracted over 1,600 participants from more than 130 countries, showcasing AI products and signing over 100 projects with a total amount exceeding 100 billion yuan [6] Oil Production Milestone - The Changqing Oilfield, China's largest shale oil production base, surpassed a cumulative output of 20 million tons, representing over half of the country's total shale oil production and marking a new phase of large-scale and efficient development [7]