Core Viewpoint - The Central Commission for Discipline Inspection and the National Supervisory Commission have initiated an investigation into Yuan Guangyu, former member of the Party Leadership Group and Vice General Manager of China National Offshore Oil Corporation (CNOOC), for serious violations of discipline and law [1] Summary by Relevant Sections Investigation Findings - Yuan Guangyu has lost his ideals and beliefs, deviated from his original mission, and resisted organizational scrutiny [1] - He ignored the spirit of the Central Eight Regulations and accepted arrangements for golf activities that could influence the impartial execution of his duties [1] - He engaged in misconduct by seeking benefits for others in promotion matters and was involved in money and sex transactions [1] Violations and Consequences - Yuan Guangyu violated multiple disciplines including political, organizational, integrity, and lifestyle disciplines, constituting serious job-related violations and suspected bribery crimes [1] - His actions continued unabated after the 18th National Congress of the Communist Party, indicating a severe nature and negative impact [1] - The decision was made to expel him from the Party, cancel his benefits, confiscate his illegal gains, and transfer his suspected criminal activities to the prosecutorial authorities for legal review and prosecution [1]

Core Viewpoint - Equinor ASA has initiated the third tranche of its share buy-back program, purchasing a total of 519,300 shares at an average price of NOK 258.9479 per share, with a total transaction value of NOK 134,471,659.82 [1][2]. Summary by Sections Buy-Back Program Details - The buy-back tranche was announced on July 23, 2025, and is set to last from July 24 to no later than October 27, 2025 [1]. - The total number of shares purchased during this period is 519,300, with an average price of NOK 258.9479 per share [1][2]. Transaction Overview - On July 24, 2025, Equinor purchased 259,300 shares at a daily weighted average price of NOK 258.5174, resulting in a transaction value of NOK 67,033,561.82 [2]. - On July 25, 2025, the company bought 260,000 shares at a daily weighted average price of NOK 259.3773, with a transaction value of NOK 67,438,098.00 [2]. - The total buy-backs under this tranche amount to 519,300 shares, with a cumulative transaction value of NOK 134,471,659.82 [2]. Ownership Post Transactions - Following these transactions, Equinor ASA now owns a total of 26,085,243 shares, which represents 1.02% of its share capital [2]. - Excluding shares under Equinor's share savings program, the company holds 16,896,488 shares, corresponding to 0.66% of the share capital [2]. Regulatory Compliance - The information disclosed is in accordance with the EU Market Abuse Regulation and the Norwegian Securities Trading Act [3].

Core Viewpoint - The launch of HiSimPro, a domestically developed integrated dynamic simulation software for oil and gas fields, marks a significant technological breakthrough in China's oil and gas industry, enhancing the resilience of the supply chain [2][3]. Group 1: Software Features and Capabilities - HiSimPro is a large-scale industrial software developed by China National Petroleum Corporation (CNPC) with complete independent intellectual property rights, featuring integrated dynamic simulation capabilities for oil and gas reservoir engineering, production engineering, and transportation engineering [2]. - The software includes five primary functional modules and 24 secondary functional modules, supporting simulations with grid scales in the millions and thousands of wells [2]. - HiSimPro provides full lifecycle support for oil and gas field development, from design to production optimization, and can simulate and optimize operations across underground, pipeline, and surface systems [3]. Group 2: Applications and Benefits - The software acts as a "digital brain" and "perspective eye" for oil fields, predicting oil-rich areas and optimizing water injection strategies, monitoring flow in pipelines, and preventing operational issues [3]. - HiSimPro is applicable to various types of reservoirs, including medium to high permeability, low permeability, ultra-low permeability, fractured, and shale oil and gas reservoirs, and has been implemented in over 300 oil and gas field blocks, including Daqing, Changqing, and Tarim [3]. Group 3: Future Development and Collaboration - CNPC aims to deepen the integration of technological and industrial innovation, establishing a tiered innovation system for industrial software development and application [4]. - The company emphasizes the importance of building an industrial software ecosystem, fostering collaboration among industry, academia, and research institutions, and enhancing talent development in the field [5]. - During the software launch event, CNPC initiated a collaborative initiative for the petroleum and petrochemical industrial software ecosystem and signed cooperation agreements with several universities and industry representatives [5].

Core Viewpoint - The article reports on the investigation of two senior executives from China National Offshore Oil Corporation (CNOOC), highlighting ongoing anti-corruption efforts within the company [2]. Group 1: Investigation Details - On July 28, the Central Commission for Discipline Inspection announced the investigation of two CNOOC officials: Dong Xiaoli, former assistant general manager, and Zhao Huaigang, deputy general manager of the procurement center [2]. - Dong Xiaoli has a long career in the oil industry, having held various significant positions within CNOOC and its subsidiaries since joining in 2004 [3][4]. - Zhao Huaigang was investigated while still in office, indicating the seriousness of the allegations against him [5]. Group 2: Company Background and Structure - The CNOOC procurement center, established in November 2021, plays a crucial role in ensuring high-quality and stable supply of materials for key projects and daily operations [6]. - The center's responsibilities include digital transformation of the supply chain, centralized procurement, and specialized bidding processes [6]. Group 3: Broader Context of Corruption in CNOOC - Several high-ranking officials from CNOOC have been investigated in recent years, including former deputy general manager Yuan Guangyu and former general manager Li Yong [7]. - In March of this year, CNOOC emphasized its commitment to combating corruption and improving integrity within the organization, focusing on eliminating conditions that foster corruption [7].

Market Performance - The S&P 500 index rose for five consecutive days, increasing by 1.46% during the week ending July 25, 2025[10] - The Nikkei 225 index surged by 4.1% due to trade agreement progress between the US and Japan[10] - The Dow Jones and Nasdaq indices increased by 1.26% and 1.02%, respectively, during the same period[10] Economic Indicators - Initial jobless claims fell to 217,000, marking a decline for the sixth consecutive week, against an expected 226,000[4] - The probability of a US recession by 2025 is estimated at 17%, down from 18% the previous week[39] - The market anticipates a 64.5% chance of a rate cut by the Federal Reserve in July or September, up from 52.9% a week prior[28] Commodity Prices - Gold and silver prices decreased by 0.61% and 0.55%, respectively, while WTI crude oil fell by 3.31%[11] - The market expects an increase in Venezuelan oil exports following the easing of sanctions, contributing to the decline in oil prices[10] Trade Agreements - The US reached a trade agreement with Japan, which includes a 15% tariff and a $550 billion investment from Japan[33] - The Philippines will impose a 19% tariff on US goods while opening its market to zero tariffs for US products[33] - Ongoing trade negotiations with the EU could lead to a counter-tariff on $93 billion worth of US goods if talks fail[33]

Economic Performance - The U.S. stock market saw gains with the Dow Jones up 1.26%, Nasdaq up 1.02%, and S&P 500 up 1.46% for the week [1] - European stock indices showed mixed results, with the UK FTSE 100 up 1.43%, while Germany's DAX 30 fell 0.30% and France's CAC 40 rose 0.15% [1] - The Eurozone is set to release Q2 GDP data, which will provide insights into the impact of tariff uncertainties on the economy [8] Federal Reserve and Interest Rates - The Federal Reserve is expected to maintain interest rates in the range of 4.25% to 4.5% during its upcoming meeting [3] - Recent inflation data indicates a rise, suggesting a strong economy, which may influence future rate decisions [3][4] - Market expectations are leaning towards a potential rate cut in October, with the job market and economic indicators being closely monitored [4] Trade Agreements and Tariffs - President Trump announced a trade agreement with Japan, which may serve as a template for negotiations with the EU, particularly regarding a 15% tariff rate [3] - The deadline for the so-called "reciprocal tariffs" is August 1, raising concerns about potential market volatility depending on the outcome of trade negotiations [3][4] Corporate Earnings - The earnings season is gaining momentum, with major tech companies like Apple, Microsoft, Amazon, and Meta set to report their results [5] - Other notable companies to watch include Procter & Gamble, VISA, and UnitedHealth [5] Commodity Prices - International oil prices experienced a slight decline, with WTI crude down 1.35% to $65.16 per barrel and Brent crude down 1.21% to $68.44 per barrel [6] - Gold prices fell by 0.57%, closing at $3334.00 per ounce, influenced by a stronger dollar and positive trade negotiation signals [6][7] Economic Indicators - Key economic data releases this week include the U.S. Q2 GDP initial estimate, PCE inflation data, and the July non-farm payroll report [4][5] - The UK is set to release various economic indicators, including the nationwide house price index and consumer credit data, which may provide insights into future economic trends [8]

Core Insights - China National Petroleum Corporation (CNPC) is advancing its "AI+" initiative, leveraging cloud computing, IoT, and AI to drive a significant digital transformation in oil and gas production [1][5] - The Kunlun large model, with 300 billion parameters, is the first industry model in the energy and chemical sector to be officially registered in China, enhancing exploration and production capabilities [1][6] - The integration of smart technologies is reshaping traditional oilfield operations, improving efficiency and safety through real-time monitoring and automated systems [2][4][5] Group 1: Digital Transformation - CNPC is implementing a comprehensive digital transformation strategy, focusing on intelligent monitoring and data management to enhance operational efficiency [1][3] - The establishment of a "three chief engineer" team for project management ensures efficient progress in digital initiatives at the Tarim Oilfield [3][5] - The deployment of smart technologies, such as drones and inspection robots, has significantly reduced the workforce needed for field operations [3][4] Group 2: Technological Innovations - The GeoEast and HiSim software developed by CNPC are key innovations that enhance exploration and production capabilities, allowing for better resource identification and management [5][6] - GeoEast software can accurately image complex geological conditions, identifying valuable resources in shale oil deposits [6][7] - HiSim software provides insights into the flow of oil, gas, and water in underground reservoirs, facilitating better management of low-grade resources [6][7] Group 3: Impact on Energy Security - The advancements in digital and smart technologies are positioned as critical drivers for ensuring national energy security and promoting high-quality development in the oil industry [1][5][7] - The successful implementation of these technologies is expected to stabilize and enhance China's energy supply capabilities [7]

据三位消息人士称，俄罗斯将在几天内对燃油生产商实施汽油出口禁令。 ...

TotalEnergies (TTE) Q2 2025 Earnings Call July 24, 2025 07:00 AM ET Speaker0Ladies and gentlemen, welcome to Total Energy's Second Quarter and First Half twenty twenty five Results Conference Call. I now hand over to Patrick Puyani, Chairman and CEO and Jean Pierre Breaert, CFO, who will lead you through this call. Sir, please go ahead.Speaker1Good afternoon or good morning, everyone. Before Jean Pierre goes through the details of the second quarter financials, I would like to make some few opening comments ...

道达尔集团第二季度调整后净利润35.8亿美元，预估36.7亿美元。 调整后息税折旧及摊销前利润96.9亿美元，预估101.1亿美元。 ...