Core Viewpoint - The company is actively promoting green transformation and biodiversity protection, aligning with the "green mountains and clear waters are gold and silver mountains" philosophy, and has made significant progress in ecological conservation and low-carbon development [1][2]. Group 1: Green Transformation Initiatives - The company is transitioning from primarily oil and gas production to a comprehensive energy supply model that includes oil, gas, heat, and hydrogen [2]. - Key environmental indicators, such as chemical oxygen demand and VOC emissions from refining enterprises, are expected to see a comprehensive decline by 2024 [2]. - The company has been recognized in Fortune magazine's "2024 Most Admired Chinese Companies" list for its outstanding performance in biodiversity protection [2]. Group 2: Biodiversity Protection Efforts - The company has established multiple biodiversity protection sites, including the Guo Wu Lake and Lao Hu Mountain, which host various protected species and contribute to ecological restoration [6][8]. - The Guo Wu Lake protection area covers 1.98 million square meters and is home to 114 plant species and 55 bird species, including two national first-class protected birds [6]. - The Lao Hu Mountain protection area spans approximately 2.17 million square meters, featuring 118 plant species and 32 bird species, including national first-class protected species [8]. Group 3: Specific Biodiversity Sites - The Alshan East Lake Wetland, covering about 15,000 square meters, serves as a habitat for numerous protected bird species and plays a crucial role in water conservation [9]. - The Yan Ge Lake, located in the Longqing Oilfield, has become a vital stopover for migratory birds, with the population of red-billed gulls increasing from dozens to over a thousand [10]. - The Tarim Desert Highway Protection Forest, recognized as the world's first "desert green corridor," spans 436 kilometers and supports over 20 million plants, providing a habitat for various bird species [15]. Group 4: Innovative Ecological Projects - The Tarim Oilfield's desert botanical garden is the first of its kind in a large moving desert, featuring nearly 200 plant species and contributing to ecological research and restoration [16]. - The Keke Ya Ecological Park has planted over 18,000 trees and serves as a biodiversity reservoir, with designated areas left undisturbed for wildlife [17]. - The Hainan Wenfeng Egret Habitat, covering 125,000 square meters, is a critical migratory corridor for various bird species and integrates ecological protection with community education [18].

证券之星消息，8月15日油气开采板块较上一交易日上涨1.1%，*ST新潮领涨。当日上证指数报收于 3696.77，上涨0.83%。深证成指报收于11634.67，上涨1.6%。油气开采板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600777 | *ST新潮 | 4.37 | 5.05% | 39.89万 | | 1.73亿 | | 000968 | 蓝焰控股 | 7.24 | 1.40% | 11.10万 | | 7994.88万 | | 600759 | 洲际油气 | 2.41 | 1.26% | 105.02万 | | 2.52亿 | | 600938 | 與奧圖于 | 25.72 | -0.31% | 34.09万 | | 8.78亿 | 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 | 名称 | 主力净流入（元） | | | 主力净占比 游资净流入（元） 游资 ...

转自：智通财经 【中国石化再添千亿方大气田】智通财经8月15日电，从中国石化西南石油局获悉，中国石化"深地工程 ·川渝天然气基地"又获重大突破，由西南石油局提交的永川页岩气田新增探明地质储量1245.88亿立方米 通过自然资源部专家组审定，标志着我国又一个超千亿立方米的大型深层整装页岩气田诞生。 ...

Core Viewpoint - The National Bureau of Statistics of China released the energy production data for July 2025, indicating a mixed performance across different energy sectors, with coal production declining, while oil, natural gas, and electricity production showed growth. Group 1: Coal Production - The production of raw coal in the industrial sector decreased in July 2025 [1] Group 2: Oil Production - The crude oil production remained stable with an output of 12,660 million tons in the first seven months, reflecting a year-on-year growth of 1.3% [3] - The growth rate for crude oil production in July was 1.2%, which is a slowdown of 0.2 percentage points compared to June [3] Group 3: Natural Gas Production - The natural gas production in the industrial sector reached 21.6 billion cubic meters in July, showing a year-on-year increase of 7.4%, which is an acceleration of 2.8 percentage points compared to June [3] - For the first seven months, the total natural gas production was 152.5 billion cubic meters, marking a year-on-year growth of 6.0% [3] Group 4: Electricity Production - The electricity generation in the industrial sector amounted to 926.7 billion kilowatt-hours in July, with a year-on-year growth of 3.1%, which is an increase of 1.4 percentage points from June [3] - The total electricity production for the first seven months was 54,703 billion kilowatt-hours, reflecting a year-on-year growth of 1.3% [4]

Macro and Strategy - In July, new social financing in China was 1.16 trillion yuan, lower than the expected 1.41 trillion yuan, with new RMB loans decreasing by 500 billion yuan, indicating a rare negative growth [9][10] - The structure of social financing showed a dual characteristic of resilience and differentiation, with government financing contributing significantly to the increase [10][11] - The overall social financing growth rate rose to 9.0%, with a year-on-year increase of 3.893 billion yuan, primarily driven by government bonds and direct financing [10][11] Real Estate Industry - In the first half of 2025, new residential sales in China decreased by 4% year-on-year, with total sales area at 460 million square meters [18][19] - The sales of existing homes have increased, with the proportion of second-hand homes in total residential transactions rising to 46% in 2024, up from the lowest point in 2021 [19][20] - The competition landscape in the real estate sector is stabilizing, with major state-owned enterprises maintaining their positions in sales rankings [21][22] Food and Beverage Industry - The white liquor sector is showing signs of recovery in sales, with improved performance in August following a challenging second quarter [22][23] - Moutai's mid-year performance demonstrated resilience, with a revenue increase of 9.2% year-on-year, reflecting the industry's adjustment to market pressures [23][24] - The overall valuation of the white liquor sector is expected to enter a recovery phase, supported by positive policy expectations and improved consumer demand [24] Banking Industry - The cross-border payment landscape is evolving, with significant players like Ant International and Lianlian Digital shaping the competitive dynamics [25][26] Home Appliances and Light Industry - The home appliance sector is expected to see stable growth in domestic sales, driven by government subsidy policies, despite facing challenges from tariffs [26][27] - The white goods segment is benefiting from strong domestic demand, while the black goods segment is experiencing price improvements due to cost reductions [27][28] Energy Sector - The domestic oil and gas production is on the rise, with the Guyana Yellowtail project being brought into production ahead of schedule, indicating strong operational performance [34][36]

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [2][3]. Core Viewpoints - The Yellowtail project in Guyana has commenced production ahead of schedule, with a designed capacity of 250,000 barrels per day, increasing the total capacity of the Stabroek block to 900,000 barrels per day. The project was initially planned for production in Q4 2025 [5][8]. - The company has successfully launched the Kenli 10-2 oilfield development project (Phase I) and the Dongfang 1-1 gas field 13-3 area development project, marking significant milestones in domestic oil and gas production [6][10]. - The domestic oil and gas production in China has shown positive growth, with the Bohai Oilfield achieving a record production of over 20 million tons of oil equivalent in the first half of 2025 [11]. - OPEC+ has fully exited an additional voluntary production cut of 2.2 million barrels per day, which may lead to a slight decrease in the medium to long-term oil price center [12]. - The company maintains its profit forecast for 2025-2027, projecting net profits of 126.3 billion, 129.7 billion, and 135 billion yuan, with corresponding EPS of 2.66, 2.73, and 2.84 yuan, and PE ratios of 9.7, 9.4, and 9.0x [14]. Summary by Sections Project Developments - The Yellowtail project is the fourth project in the Stabroek block, which includes existing projects Liza Phase I, Liza Phase II, and Payara. The average production in the Stabroek block is currently around 650,000 barrels per day, with an expected increase to 900,000 barrels per day post Yellowtail's production [5][8]. - The Kenli 10-2 oilfield is the first billion-ton level lithologic oilfield discovered in the Bohai Bay Basin, with Phase I involving the production of 79 wells and an expected peak output of approximately 19,400 barrels of oil equivalent per day by 2026 [6][10]. - The Dongfang 1-1 gas field project is China's first high-temperature, high-pressure, low-permeability natural gas development project, with an expected peak output of about 35 million cubic feet per day by 2026 [6][10]. Market Conditions - The first half of 2025 saw a stable increase in oil and gas production in China, with a total industrial crude oil output of 108 million tons, reflecting a year-on-year growth of 1.3% [11]. - The Brent crude oil futures average price in July 2025 was $69.4 per barrel, with a slight decrease from the previous month, while WTI crude oil futures averaged $67.1 per barrel [12]. Financial Projections - The company forecasts net profits for 2025-2027 to be 126.3 billion, 129.7 billion, and 135 billion yuan, with corresponding EPS of 2.66, 2.73, and 2.84 yuan, and PE ratios of 9.7, 9.4, and 9.0x, maintaining an "Outperform the Market" rating [14].

Group 1 - The Shanghai Composite Index fell by 0.46%, closing at 3666.44 points, while the Hang Seng Index decreased by 0.37%, closing at 25519.32 points [1] - CNOOC's A/H premium reached 48.63%, ranking 71st among A/H shares [1] - On the same day, CNOOC's A-shares closed at 25.8 yuan, down 0.39%, and H-shares closed at 18.99 HKD, down 0.11% [1] Group 2 - CNOOC is the largest offshore oil and gas producer in China and one of the largest independent oil and gas exploration and production companies globally [1] - The company's main business includes the exploration, development, production, and sales of crude oil and natural gas [1]

| 代码 | 名称 | | | | 主力净占比 游资净流入（元） 游资净占比 散户净流入（元） 散户净占比 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 600777 *ST新潮 | | 1089.67万 | 5.43% | -961.49万 | -4.79% | -128.17万 | -0.64% | | 600759 洲际油气 | | -474.70万 | -1.52% | -487.60万 | -1.57% | 962.29万 | 3.09% | | 000968 蓝焰控股 | | -1191.23万 | -14.59% | -160.35万 | -1.96% | 1351.58万 | 16.55% | | 600938 中国海油 | | -1.05 Z | -15.76% | 2315.82万 | 3.46% | 8225.67万 | 12.30% | 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日油气开采板块主力资金净流出1.11亿 ...

新华社北京8月14日电（记者王悦阳）中国石化14日宣布，旗下永川页岩气田新增探明地质储量1245.88 亿立方米通过自然资源部评审，标志着我国四川盆地又一个超千亿立方米大型深层整装页岩气田诞生， 气田整体探明地质储量达1480.41亿立方米。 中国石化西南石油局有限公司党委书记刘伟表示，四川盆地川南复杂构造区页岩气分布广、资源潜力 大，勘探开发前景广阔。永川页岩气田位于川南页岩气增储上产核心区，实现整体探明对保障国家能源 安全意义重大。 （文章来源：新华社） 永川页岩气田位于重庆永川区境内，发现于2016年，因处于川南复杂构造区，主体部分埋深大于3500 米，勘探难度极大。中国石化组织多轮次联合攻关，创新油气勘探和储层改造技术，逐渐攻克深层页岩 气"看不清""刻画不准""产量不稳"等问题，大幅提升勘探精度和开发效率，平均单井经济可采储量显著 上升。 ...

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has achieved a significant milestone in directional drilling technology with its "Xuanji" geological tracking and rotary directional drilling system, establishing a high-speed communication channel that has transmitted over 500,000 curves and exceeded 500GB of data, equivalent to the total data from 1,000 wells or a single well of 1 million meters [2][4]. Group 1 - The "Xuanji" system represents a revolutionary technology in geological exploration and oil and gas development, enabling precise targeting of deep reservoirs and enhancing drilling efficiency [2][3]. - The system has established a real-time data transmission chain from the well site to the cloud and application endpoints, achieving high-speed communication capabilities for deep data transmission [2][3]. - The technology team utilized fluid pressure wave transmission technology to ensure stable data transmission across various media, successfully creating a communication channel over 9,000 kilometers between China and Uganda [2][3]. Group 2 - The transmission rate from the well to the ground has improved from 1bps to 40bps, reaching world-class levels, allowing for an end-to-end control loop from downhole instruments to decision centers [3]. - The "Xuanji" system has been applied on a large scale across important oil fields in China and has been promoted to countries involved in the Belt and Road Initiative, including Indonesia, Iraq, and Uganda, with a total of 151 operations and 120,000 meters drilled overseas [4]. - The system has been highly praised for its capability to support complex oil and gas field exploration and development, providing robust technical assurance for challenging drilling conditions [4].