Core Viewpoint - Sinopec Oilfield Services (600871) shares surged nearly 15% during trading, closing up 9.33% at HKD 0.82, with a trading volume of HKD 154 million, following the announcement of a significant contract in Iraq [1] Group 1: Contract Details - Sinopec Oilfield Services' subsidiary, Guogong Company, signed a fixed-price contract worth RMB 2.553 billion with TotalEnergies for the design, procurement, supply, construction, and trial operation of the second phase of the Ratavi oil field project in Iraq [1] - The Ratavi oil field is located in a key oil and gas region in the Middle East, indicating the company's growing recognition in high-end engineering and project management on an international scale [1] Group 2: Business Performance - In the first half of 2025, Sinopec Oilfield Services reported strong growth in overseas business, with new contracts signed amounting to RMB 19.62 billion, a significant year-on-year increase of 71.8%, accounting for 30.8% of total new contracts signed, up 12.3 percentage points from the previous year [1] - The international business generated a main operating revenue of RMB 9.28 billion, reflecting a year-on-year growth of 4.3%, and its contribution to total revenue rose to 25.3%, becoming a core driver for overall growth amid domestic and external market fluctuations [1]

Group 1 - The stock of Sinopec Oilfield Service has seen a significant increase, with a rise of 16% to HKD 0.87, and a trading volume of HKD 79.0542 million [1] - The total market capitalization of Sinopec Oilfield Service is HKD 38.811 billion [1] - Year-to-date, the stock has accumulated a growth of 33.85% [1]

Market Overview - The U.S. stock market opened mixed with the Dow Jones up 0.01%, Nasdaq down 0.53%, and S&P 500 down 0.3% [1] - Notable declines were observed in pharmaceutical stocks, with Novo Nordisk down over 4% and Eli Lilly down over 3% following Trump's announcement of price reductions for weight loss drugs [1] - Bank stocks also fell, with Deutsche Bank down over 3% and Barclays down over 2% [1] - Other notable declines included Kingsoft Cloud and NIO, both down over 3% [1] Company News - Oracle reported that its AI cloud gross margin could reach 35%, citing a six-year AI infrastructure project with total revenue of $60 billion [2] - In the last 30 days, Oracle signed new cloud infrastructure supply contracts worth $65 billion, consisting of seven contracts from four different clients, including Meta but not OpenAI [2] - Alibaba and Ant Group announced a joint investment of $925 million (approximately 6.6 billion RMB) to acquire a 13-story commercial building in Hong Kong, establishing their headquarters there to expand international business [3] - Schlumberger reported a 2.5% year-over-year decrease in Q3 revenue, totaling $8.93 billion, while adjusted earnings per share were $0.69, exceeding market expectations of $0.66 [4] - Morgan Stanley predicts that the flying car industry will create a market size of $300 billion by 2030, with potential growth to $9 trillion by 2050, highlighting China's potential as the largest urban low-altitude transportation market [5]

Group 1 - Schlumberger reported third-quarter revenue of $8.93 billion, exceeding the estimate of $8.9 billion [1] - The adjusted earnings per share for the third quarter were $0.69, surpassing the forecast of $0.66 [1] - The company continues to project capital investments of approximately $2.4 billion for the year 2025 [1]

Core Insights - Schlumberger and SBM Offshore have formed an exclusive digital alliance aimed at optimizing offshore production system performance [1] - The alliance combines Schlumberger's digital technologies and expertise in subsurface, subsea, surface production, and recovery with SBM Offshore's digital capabilities in the lifecycle management of Floating Production Storage and Offloading (FPSO) units [1] - The partnership aims to create an AI-driven digital ecosystem to enhance FPSO digital asset management, improve operational efficiency, and reduce total ownership costs for offshore operators [1] Summary by Sections - **Digital Ecosystem Integration** - The digital ecosystem will integrate SBM Offshore's operational workflows, data, and lifecycle expertise with Schlumberger's digital technologies, including the OptiSite solution based on Cognite Data Fusion [2] - Once fully implemented, the system will enable offshore asset operating teams to proactively identify and address potential issues in operations, maintenance, and engineering before they escalate [2] - **Data Analysis and Decision-Making** - The goal will be achieved through real-time contextual data analysis of the entire asset infrastructure, including subsea wells, risers, pipelines, and topside systems [2] - The ecosystem will facilitate more efficient and flexible decision-making throughout the entire lifecycle of offshore production [2]

Core Points - Yantai Jereh Petroleum Service Group Co., Ltd. announced progress on its share repurchase plan, which was approved by the board on April 23, 2025, with a total fund of no less than 150 million yuan and no more than 250 million yuan for repurchasing shares at a price not exceeding 49 yuan per share [1][2] - The repurchase price was adjusted to a maximum of 48.31 yuan per share after the annual equity distribution on May 23, 2025, and further adjusted to a maximum of 48.16 yuan per share after the semi-annual equity distribution on September 24, 2025 [1][2] Summary by Sections Share Repurchase Plan - The company plans to use self-raised funds and a special loan for share repurchase, targeting A-shares for employee stock ownership plans [1] - The repurchase will occur within 12 months from the board's approval date [1] Repurchase Progress - As of September 30, 2025, the company has repurchased a total of 3.0875 million shares, accounting for 0.30% of the total share capital [2] - The highest transaction price was 38.65 yuan per share, while the lowest was 33.67 yuan per share, with a total transaction amount of approximately 106.23 million yuan [2] - The company has adhered to regulations and has not repurchased shares during prohibited periods, ensuring compliance with the established repurchase plan [2]

格隆汇10月10日丨中石化油服(01033.HK)公布，公司将于2025年10月28日(星期二)召开董事会会议，藉 以(其中包括)审议及批准公司及其附属公司截至2025年9月30日止九个月的未经审计季度业绩及其发布 并处理任何其他事务(如有)。 ...

All right, my first guest is cautious on a Mac 7 thinks the return on investment something of a valid concern and we're bringing out Great Hill Capital Chairman Thomas Hayes. Thomas um so okay listen this since since 2021 the top 10 stocks 55% of the market it's you know it's hard to fight against this because the guessing game on when this wouldn't be a valid investment you would have missed out between then and now. Well as you know we've been raging bulls since the the fall of October 2022.We've recently ...

Core Viewpoint - The company has signed a significant contract worth approximately $359.12 million with TotalEnergies for a project in Iraq, which is expected to positively impact its revenue and profit over the next 3-4 years [1] Group 1 - The contract is for the design, procurement, supply, construction, and trial operation of the second phase of the Latavi oil field and inter-well pipeline project [1] - The total contract amount is $359,118,182, which is approximately 2.553 billion RMB [1] - The contract is not expected to have a significant impact on the company's total assets, net assets, and net profit for the fiscal year 2025 [1] Group 2 - The contract is anticipated to have a positive effect on the company's operating income and total profit in the coming 3-4 years [1]

Core Insights - CNOOC Services has successfully deployed its self-developed OPUS eight-probe water-based electrical imaging logging instrument in the East Ba oilfield in Iraq, marking its commercial application in overseas markets [2] Technology and Innovation - The OPUS instrument features innovative designs such as a flexible short-section structure, a new hydraulic push system, and a "one-arm dual-probe" configuration, which enhance image clarity, wellbore coverage, and adaptability to well conditions [2] - The integration of electrical imaging circuits and orientation short sections into a single module reduces the instrument's length, lowers transportation difficulties, and improves operational flexibility and safety during downhole operations [2] Operational Impact - The eight-probe high coverage technology allows for the acquisition of more detailed stratigraphic information, providing a comprehensive reflection of downhole structures and reservoir characteristics, thus offering high-precision logging solutions for overseas markets [2] - The successful operation of OPUS provides valuable data support for fracture identification, sedimentary structure analysis, pore structure and heterogeneity description, and fluid pathway identification in the region [2]