本报8月10日讯(大众新闻记者顾松通讯员张凯陈军光)在胜利油田鲁胜公司鲁源采油管理区坨28注水站 注聚生产现场，一个看似不起眼的泡沫问题，曾长期困扰着生产效率与驱油效果。如今，随着母液熟化 罐消泡装置的成功应用，这一难题迎刃而解，技术创新为油气高效开发注入强劲动能。 "作为油田第一家污配污稀单位，采出水配制母液时，产生大量气泡，挤占熟化罐空间，影响母液搅拌 频率及熟化时间，从而导致聚合物黏度下降，直接影响驱油效果和采收率。"坨28注水站站长林文龙回 忆起过去的困扰，仍深有感触。 这套机械消泡装置投运以来，带来的变化显而易见：运行中操作压力和流量始终平稳，耐腐蚀性与耐久 性突出，智能化程度高；通过高效消泡，生产实现了稳定连续，聚合物质量与生产效率显著提升，不仅 降低能耗、减少故障停机时间，还能有效控制人力与物力的浪费。 经过多轮次现场试验，它有效确保了聚合物溶液浓度与黏度的稳定，为驱油效率和油井采收率提升奠定 了基础；在聚合物投加量与配液过程中，避免了不必要的浪费，有效降低能耗与原材料成本。优化后的 聚合物配液系统自动化程度更高，能灵活适应本区块采出水与工艺条件的变化，保障系统稳定运行。 为破解困局，管理区副经 ...

Group 1 - Pakistan has discovered a massive oil and gas resource in its territorial waters, potentially becoming the fourth largest oil and gas reserve globally, with estimated reserves of 2.27 billion barrels of oil and 16 trillion cubic meters of natural gas [1] - The successful development of these resources could reshape Pakistan's energy landscape, meeting domestic energy demands and positioning the country as a significant energy exporter [1] - The development of these underwater resources requires advanced technology and substantial financial investment, prompting Pakistan to seek international cooperation [1] Group 2 - In late July, Pakistan signed a significant trade agreement with the United States, which includes joint development of oil reserves and tariff reductions on goods exported from Pakistan to the U.S. [2] - The agreement has been welcomed by Pakistani Prime Minister Shehbaz Sharif, highlighting the importance of U.S. involvement in developing Pakistan's oil resources [2] Group 3 - Pakistan's choice to collaborate with the U.S. instead of China is influenced by the advanced shale oil extraction technologies that the U.S. possesses, which are crucial for efficiently accessing the majority shale oil reserves [3] - Pakistan's foreign policy aims for diversification to avoid over-reliance on any single major power, maintaining a balance between its relationships with the U.S. and China [5] Group 4 - The cooperation with the U.S. does not indicate a rift with China; rather, it may create greater opportunities for China as the primary buyer of Pakistan's oil, given its status as the world's largest oil importer [7] - The geopolitical context shows that while India is a major oil consumer, its political tensions with Pakistan limit its potential as a buyer, making China a more stable partner for energy trade [9] Group 5 - Future developments may include the construction of a pipeline connecting Pakistan to Xinjiang, enhancing China's energy security and illustrating a multi-faceted approach to international cooperation [10] - The ongoing development of Pakistan's oil fields is expected to open new avenues for regional cooperation, benefiting Pakistan, the U.S., and China [10]

Core Viewpoint - Tata Motors has made a significant move by acquiring Iveco for €3.8 billion, marking a record transaction in the automotive sector for the year 2025. This acquisition is not just a financial transaction but a strategic partnership aimed at enhancing Tata's technological capabilities and market reach while allowing Iveco to leverage Tata's cost-effective manufacturing [3][5][7]. Group 1: Acquisition Details - Tata Motors will acquire all outstanding shares of Iveco at €14.1 per share, totaling approximately €3.8 billion. The deal is expected to close in the first half of 2026 [5]. - The acquisition excludes Iveco's defense business, which will be sold to Leonardo for €1.7 billion, expected to complete by the first quarter of 2026 [5][6]. - The transaction is seen as a strategic fit, with Tata needing technology and brand strength, while Iveco seeks low-cost manufacturing and access to emerging markets [6][7]. Group 2: Strategic Implications - Tata's strategy involves a phased approach: first, divesting the defense business to avoid regulatory scrutiny; second, integrating its low-cost manufacturing capabilities with Iveco's established market presence; and third, leveraging Iveco's advanced engine technology to reduce overall vehicle costs by 20% within three years [7][8]. - The new group formed post-acquisition will operate independently, with projected annual sales of 540,000 units and revenues of €22 billion, positioning Tata among the top global commercial vehicle manufacturers [8]. Group 3: Tata Motors' Background - Tata Motors has evolved from a small trading company in 1868 to a major player in the global automotive industry, with significant acquisitions in the past, including Tetley, Corus, and Jaguar Land Rover [9][11][12]. - The company has successfully utilized its Indian cost advantages and global financing capabilities to fund its expansion and acquisitions, resulting in a diversified portfolio with revenues exceeding $130 billion [12]. Group 4: Global M&A Trends - The global M&A landscape is experiencing a resurgence, with total transaction values reaching $2.6 trillion, driven by a combination of low financing costs, attractive asset valuations, and strategic realignments in supply chains [13][16]. - Factors contributing to this trend include reduced interest rates, significant cash reserves held by sovereign wealth funds and private equity, and favorable regulatory environments in various regions [14][15][16].

Group 1 - The latest stock price of China National Offshore Oil Corporation (CNOOC) is 26.21 yuan, with an increase of 0.05 yuan from the previous trading day. The intraday high reached 26.38 yuan, and the low was 26.01 yuan, with a total trading volume of 7.62 billion yuan and a turnover rate of 0.97% [1] - CNOOC is the largest offshore oil and gas producer in China, primarily engaged in oil and gas exploration, development, and production. The company's operations cover conventional oil and gas, shale oil and gas, and coalbed methane resources, with multiple oil and gas fields in the Bohai Sea, western South China Sea, eastern South China Sea, and East China Sea [1] - The latest announcement from the company indicates that the Yellowtail project in the Stabroek block of Guyana has commenced production ahead of schedule. The project has a designed capacity of 250,000 barrels per day, which will increase the total capacity of the block to 900,000 barrels per day. CNOOC holds a 25% stake in this block through its wholly-owned subsidiary [1]

Financial Data and Key Metrics Changes - The company reported production of 84,000 BOE per day, with a composition of 23% oil, 53% natural gas, and 24% NGLs [22] - Average realized prices were $63.1 per barrel of oil, $2.81 per Mcf of gas, and $22.41 per barrel of NGLs, with prehedged realized prices lower by 11% for oil, 21% for gas, and 17% for NGLs compared to the first quarter [22] - Total revenues, including hedges and midstream activities, amounted to $289 million, with adjusted EBITDA of $122 million and operating cash flow of $130 million [23] Business Line Data and Key Metrics Changes - The company has initiated 24 acquisitions, spending over $3 billion, and aims to maintain a long-term debt to EBITDA ratio of one times leverage [6][10] - The company plans to increase natural gas volumes to 70% post the Savinol and ICAV acquisitions, projecting natural gas to constitute at least 50% of revenue starting in 2026 [9][10] Market Data and Key Metrics Changes - The company anticipates total demand growth of upwards of 25 Bcf of gas per day by 2030, driven by LNG feed gas growth and power generation [16][17] - The San Juan acreage is strategically positioned to meet upcoming demand, with expected supply growth from various regions [18] Company Strategy and Development Direction - The company focuses on maintaining financial strength, disciplined execution, and reinvestment rates to optimize distributions to unitholders [3][5][9] - The strategy includes acquiring cash-flowing assets at a discount and maintaining a low reinvestment rate to enhance operating cash flow [6][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term rise of crude prices despite near-term headwinds, emphasizing the importance of maintaining leverage goals [4][10] - The company is optimistic about the natural gas market, expecting to pivot towards gas drilling as demand increases in 2026 [39] Other Important Information - The company plans to maintain production volumes through 2027 while spending less than 50% of operating cash flow and using excess cash to pay down debt [9][10] - The company has a robust operations team that has successfully maintained production levels [29] Q&A Session Summary Question: What part of the legacy Mid Con portfolio delivered strong production volumes? - Management indicated that normal operations and a couple of bolt-on acquisitions contributed to the production strength, with no extraordinary factors involved [29] Question: Can you provide details on the Brocklin 3MH well? - The Brocklin 3MH well is part of the deep Anadarko targets, with completion expected to start in late August to early September [30] Question: What led to a lower distribution this quarter? - A legal settlement reduced the distribution by $0.07 per unit, and lower gas prices contributed another $0.07 reduction compared to the first quarter [36] Question: What is the expected natural gas growth trajectory for 2026? - Management expects natural gas product mix to exceed 70% in 2026, with a strong belief in the market despite near-term headwinds [39] Question: How does the company balance its portfolio between low decline rate assets and emerging growth plays? - The company maintains a balanced portfolio that allows for flexibility in reinvestment rates, enabling growth while keeping production stable [47]

证券之星消息，8月8日油气开采板块较上一交易日下跌0.58%，*ST新潮领跌。当日上证指数报收于 3635.13，下跌0.12%。深证成指报收于11128.67，下跌0.26%。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) | | | --- | --- | --- | --- | --- | --- | --- | | 600759 | 洲际油气 | 2.43 | 1.25% | 146.63万 | | 3.56亿 | | 000968 | 蓝焰控股 | 7.26 | 0.69% | 15.26万 | | 1.10亿 | | 600938 | 與劇団中 | 26.21 | 0.19% | 29.04万 | | 7.62亿 | | 600777 | *ST新潮 | 3.73 | -4.11% | 43.34万 | | 1.63亿 | 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。 从资金流向上来看，当日油气开采板块主力资金净流出2668.8万元，游资资金净流出2881.5 ...

Market Overview - The market experienced a narrow fluctuation with all three major indices slightly declining, with the Shanghai Composite Index down 0.12%, the Shenzhen Component down 0.26%, and the ChiNext down 0.38% [2] - Over 2800 stocks in the market declined, indicating a bearish sentiment, while the total trading volume in the Shanghai and Shenzhen markets was 1.71 trillion yuan, a decrease of 115.3 billion yuan from the previous trading day [2] Sector Performance - Sectors such as Xinjiang, high-speed rail, super hydropower, and electricity saw gains, while sectors like multimodal AI, Huawei Ascend, semiconductors, and e-commerce faced declines [2] - The infrastructure sector, represented by rail transit equipment, showed significant strength, while early active sectors like brain-computer interfaces and wind power equipment experienced a decline [15] Technology Sector Analysis - Following the release of GPT-5 by OpenAI, the technology sector in A-shares saw a decline despite positive performance in U.S. tech stocks [9] - The software development sector fell by 2.96%, IT services by 2.30%, and semiconductors by 2.17%, while the overall technology sector remains positive year-to-date [9][10] Wind Power and Infrastructure Insights - Wind power saw a significant increase in new installations, with 51.39 GW added in the first half of the year, a year-on-year increase of 98.88% [18] - The construction machinery sector also showed growth, with excavator sales increasing by 25.2% year-on-year in July [22] - The construction and building materials sectors are expected to stabilize and improve due to favorable policies and low historical valuations [22] Investment Outlook - Analysts remain optimistic about the AI sector's future performance, citing conditions for a renewed focus on AI investments [12] - The construction sector is anticipated to benefit from macroeconomic policies aimed at stimulating investment and improving industry conditions [22]

Financial Data and Key Metrics Changes - Total revenues from oil, natural gas, and NGLs reached $75 million in Q2 2025, with a run rate production of 25,355 Boe per day [7] - General and administrative expenses for Q2 were $9.6 million, with cash G&A expenses at $5.4 million or $2.36 per BOE, reflecting a decrease in costs [8][10] - Consolidated adjusted EBITDA for the second quarter was $63.8 million, indicating strong cash flow [8] - The company announced a cash distribution of $0.38 per common unit, equating to 75% of cash available for distribution [9] Business Line Data and Key Metrics Changes - The overall rig count decreased by 2% to 88 rigs actively drilling, while the US land rig count dropped by 7% [5] - In the Permian Basin, the rig count increased by four rigs, and in Haynesville, it increased by five rigs, indicating localized growth despite broader declines [5] Market Data and Key Metrics Changes - The company’s market share of US land rigs actively drilling increased by 1% to 17% [5] - Net DUCs (drilled but uncompleted wells) rose by 9% quarter over quarter, primarily driven by the Permian Basin [5] Company Strategy and Development Direction - The company remains focused on organic growth opportunities and is exploring M&A opportunities, particularly for deals under $500 million [15][16] - The management emphasized a conservative approach to acquisitions, with a focus on maintaining a strong balance sheet and financial flexibility [10] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the prospects for continued robust development through 2025, supported by active drilling on their acreage [11] - The company noted a slowdown in Permian packages coming to market, which may affect future acquisition opportunities [27] Other Important Information - The company redeemed 50% of the outstanding Series A cumulative convertible preferred units, simplifying its capital structure [10] - Approximately 100% of the announced distribution is expected to be considered a return of capital, enhancing after-tax returns for unitholders [9] Q&A Session Summary Question: Inquiry about potential upstream partnerships - Management indicated that while exploring partnerships is an option, it is not a top priority due to a strong organic growth pipeline [15][16] Question: Discussion on rig activity resilience - Management attributed the resilience of rig activity to the quality and diversified nature of their asset base, which has shown more stickiness compared to the broader market [33] Question: Expectations for natural gas growth - Management anticipates a slight increase in natural gas production, with a potential shift towards a gassier production mix if natural gas continues to outperform oil [35][36] Question: Changes in M&A market valuations - Management noted that acquisition valuations are likely to decrease as sellers adjust expectations in response to a less favorable growth environment [44] Question: Factors driving lower G&A expenses - Lower professional fees contributed to reduced G&A expenses, with expectations to maintain costs at the lower end of guidance moving forward [46]

证券代码：600938 证券简称：中国海油 公告编号：2025-023 中国海洋石油有限公司 关于 2024 年度"提质增效重回报"行动方案 评估报告暨 2025 年度"提质增效重回报" 行动方案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国海洋石油有限公司（"公司"）践行"以投资者为本"的理念，为积极 响应上海证券交易所《关于开展沪市公司"提质增效重回报"专项行动的倡议》， 公司于 2024 年 7 月制定并发布了《2024 年度"提质增效重回报"行动方案》， 将提质增效与投资者回报纳入常态化经营管理，进一步推动公司高质量发展，切 实履行上市公司责任，保障投资者权益。公司董事会于 2025 年 8 月 7 日以书面 决议方式审议通过 2024 年度"提质增效重回报"行动方案评估报告暨 2025 年度 "提质增效重回报"行动方案，现报告如下： 第一部分 2024 年度"提质增效重回报"行动方案评估报告 一、 坚持增储上产与成本管控，持续提升资产创效能力 一是增储上产成效显著，油气开发再创佳绩。公司坚持以寻找大中型 ...

新疆吐鲁番地区，位于火焰山下的吐哈油田是世界海拔最低超深稠油油田。 在四川盆地，西南油气田公司日高峰供气量达到2000万立方米，为川渝两地天然气发电项目顶峰兜底助力。在宁夏海原，烈 日炙烤着戈壁，国家骨干天然气管道西气东输三线中段工程正加速推进。 央视网消息：今天是立秋节气，不过，现在仍然处于三伏天的中伏，暑热并没有立即结束。高温天气下，能源需求也持续保 持高位。从内陆的油田到深海中的气田、从戈壁管道到沿海枢纽，高温中的能源保供是如何进行的？跟着记者去看看。 中国石油吐哈油田鲁克沁采油管理区执行董事 邹成林：这里的极热天气在为油田生产带来挑战的同时，也为稠油生产节能降 耗带来了机遇。我们巧妙利用地热替代原有的地面加热流程， 在有效提原油脱水效率的同时，年减少用电1700万度以上。 国家管网集团西北公司银川分公司海原作业区主任 王刚： 我们动态调整高温时段施工计划，确保新建设备调试工作正常进 行，全力以赴保障西气东输三线中段工程如期建成投产。 在大庆油田， 面对高温烤验，油田采用无人机和鹰眼雷达24小时轮班巡检，确保安全生产。 大庆油田采油三厂第三作业区注采302班副班长 李德好：我们提前清理高压注水电机，帮冷 ...