Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) announced the addition of 124.588 billion cubic meters of proven geological reserves at the Yongchuan shale gas field, marking the emergence of another large-scale deep shale gas field in the Sichuan Basin with total proven geological reserves reaching 148.041 billion cubic meters [1] Group 1 - The Yongchuan shale gas field is located in Chongqing's Yongchuan District and was discovered in 2016, characterized by significant exploration challenges due to its depth exceeding 3,500 meters in a complex structural area [1] - Sinopec has implemented multiple rounds of collaborative efforts and innovative oil and gas exploration and reservoir transformation technologies to overcome issues related to deep shale gas exploration, significantly improving exploration accuracy and development efficiency [1] - The average economic recoverable reserves per well have notably increased, indicating enhanced productivity and efficiency in the field [1] Group 2 - Liu Wei, Secretary of the Party Committee of Sinopec Southwest Petroleum Bureau, stated that the shale gas distribution in the complex structural area of southern Sichuan is extensive with substantial resource potential, indicating a promising outlook for exploration and development [1] - The Yongchuan shale gas field is situated in the core area for increasing reserves and production of shale gas in southern Sichuan, which is of great significance for ensuring national energy security [1]

Group 1 - The core viewpoint of the news highlights that *ST Xinchao has a shareholder pledge ratio of 2.08% of its total share capital, ranking 1756th in the market [1] - The total number of shares pledged by *ST Xinchao's shareholders is 141 million, with a total pledged market value of 527 million yuan [1] - The company, Shandong Xinchao Energy Co., Ltd., specializes in the exploration, development, and sales of oil and natural gas, with its main products being oil and associated natural gas [1] Group 2 - In 2024, the company's U.S. subsidiary was recognized as the only awarded oil and gas company on the Houston Business Journal's list of the 50 fastest-growing companies [1] - The company also achieved notable rankings, including 15th in the Houston Chronicle's best private companies and 9th among the top 20 private oil operators in the U.S. by Oil and Gas Investors [1] - *ST Xinchao has established itself among the medium to large independent oil and gas development companies in the U.S. [1] Group 3 - Over the past year, *ST Xinchao's stock has increased by 113.14% [2]

Core Viewpoint - The successful evaluation of the first phase of the Fuxing Oilfield's proven geological reserves marks the establishment of China's first shale oil field in the Sichuan Basin, indicating a significant breakthrough in the exploration of shale oil in Southwest China [1] Group 1: Oil and Gas Reserves - The Fuxing Oilfield has proven geological reserves of 10.1 million tons of oil and 12.352 billion cubic meters of natural gas [1] - The Sichuan Basin is characterized by "rich gas and scarce oil," with a historical focus on natural gas exploration and development [1] Group 2: Technological and Theoretical Advancements - The theoretical understanding and key technologies developed for the Fuxing Oilfield are expected to enhance China's shale oil and gas exploration and development theories, technologies, and standards [1] - The company aims to deepen the understanding of enrichment patterns and strengthen the overall evaluation and deployment of terrestrial shale oil in the Sichuan Basin [1] Group 3: Future Exploration Goals - The company plans to achieve new breakthroughs in exploration and establish a second shale oil reserve area in the near future [1]

Core Viewpoint - Hainan Mining's stock price decreased by 2.82% to 7.92 yuan as of July 31, 2025, with a trading volume of 291,008 shares and a transaction value of 231 million yuan [1] Company Overview - Hainan Mining primarily engages in the exploration, development, and sales of oil and natural gas, as well as the mining, processing, and sales of iron ore [1] - In 2024, 48.41% of the company's revenue was derived from oil and gas operations, while 37% came from iron ore activities [1] Financial Performance - In the first quarter of 2025, Hainan Mining reported a revenue of 1.189 billion yuan and a net profit of 160 million yuan [1] Share Buyback Activity - On July 31, Hainan Mining announced its first share buyback, acquiring 63,100 shares, which represents 0.03% of the total share capital, for approximately 500,000 yuan at a price range of 7.91 to 7.95 yuan per share [1]

Core Viewpoint - Beiken Energy announced the convening of its sixth board meeting on July 30, 2025, to review various proposals, including amendments to existing documents [2]. Financial Performance - For the year 2024, Beiken Energy's revenue composition is as follows: oil and gas exploration and development accounted for 98.84%, while other businesses contributed 1.16% [2].

Core Insights - The importance of data is increasingly recognized as the "oil" of the new era, with China National Petroleum Corporation (CNPC) launching a 300 billion parameter Kunlun large model, marking a significant advancement in the energy and chemical sector [1][3] - The Kunlun model has demonstrated substantial efficiency improvements, such as increasing seismic interpretation efficiency by 9 times and reducing exploration project cycles by over 20% [1] - CNPC is focusing on digitalization and intelligence as core strategies to build a world-class energy company, implementing a comprehensive plan for "Smart China National Petroleum" [1][4] Group 1: Digital Transformation in Oilfields - The Tarim Oilfield, China's largest ultra-deep oil and gas production base, has initiated a digital transformation pilot project in collaboration with Kunlun Smart, enhancing operational efficiency and decision-making capabilities [4][5] - The digital transformation at Tarim Oilfield integrates 25 production-related systems, significantly improving production assistance and emergency response efficiency [5][6] - The establishment of a standardization system and methodology during the digital transformation serves as a model for other oilfields, with real-time data integration achieving a 90% data entry rate [6] Group 2: Overcoming Data Silos - The complexity of refining processes necessitates overcoming data silos for successful digital transformation, which is being addressed through innovative technologies such as industrial internet and artificial intelligence [9][12] - CNPC has developed a unified data governance system to eliminate data silos, enabling seamless data flow across different systems and enhancing operational efficiency [12] Group 3: Innovations in Exploration and Development - The Kunlun large model has improved the accuracy of subsurface structure identification by at least 10 percentage points compared to traditional methods, covering over 100 scenarios in exploration and refining [13][15] - CNPC has developed proprietary industrial software, such as GeoEast and HiSim, to support exploration and production, filling gaps in domestic capabilities previously dominated by foreign technologies [15][17] Group 4: Talent Development and Future Strategies - CNPC is focusing on cultivating "smart talent" that combines technical and business expertise to adapt to the evolving demands of the industry [21] - The company is implementing AI-driven tools to facilitate data access and enhance operational efficiency, exemplified by the "Smart Inquiry" platform that provides quick data responses [21][22]

Core Insights - The third China International Supply Chain Promotion Expo (Chain Expo) opened in Beijing, featuring 651 participating companies from 75 countries and regions, with over 65% being Fortune Global 500 and industry leaders, and 35% being foreign exhibitors [2][4] Group 1: Event Overview - The Chain Expo includes six major chains: advanced manufacturing, clean energy, smart automotive, digital technology, healthy living, and green agriculture, along with supply chain service exhibition areas [2][4] - Over 100 new product launches are expected during the expo, representing a 10% increase from the previous year [4] Group 2: Innovations and Features - The expo introduced an innovation chain section showcasing 14 institutions and companies that demonstrate the entire process from basic research to market feedback [4] - The first global supply chain index matrix and visual industry maps were released during the expo, along with a dedicated new product launch area [4] Group 3: Networking and Collaboration - The Chain Expo serves as a platform for linking global industry partners, with previous editions facilitating collaborations among upstream and downstream companies [5] - The upgraded "Find Friends" model 3.0 version will utilize big data and AI algorithms for better matchmaking and cloud-based connections among enterprises [5] Group 4: Industry Perspectives - Executives from multinational companies highlighted the expo's role in promoting global supply chain stability, with China being recognized as a key stabilizer and innovation source in the global industrial landscape [6]

Core Viewpoint - The meeting aims to address the current economic situation by facilitating collaboration between local industrial enterprises and major companies, specifically focusing on the partnership between Wuzhong Instrument and Changqing Oilfield to enhance market integration and order acquisition [1][5]. Group 1: Company Collaboration - Wuzhong Instrument is recognized as a leading enterprise in the high-end instrumentation industry, particularly in the production of intelligent control valves for the energy sector and the development of key valves for oil and gas fields [3]. - Changqing Oilfield, a major player in China's oil and gas exploration and development, has a long-standing cooperative relationship with Wuzhong Instrument, emphasizing the importance of high-performance valve products for their oil and gas projects [3]. Group 2: Meeting Outcomes - The meeting included discussions on technical joint research and development, supply maintenance, and new project requirements, with both parties agreeing to establish regular communication for further collaboration [3]. - The Industrial and Information Technology Department of the autonomous region will continue to follow up on the outcomes of this meeting, aiming to resolve cooperation challenges and facilitate the transformation of cooperation intentions into tangible results [5].

Core Viewpoint - The development of deep and ultra-deep oil and gas resources in China is crucial for the country's energy strategy, with significant advancements made by the company in overcoming technical challenges in deep well drilling [1][4]. Group 1: Technical Innovations - The company has developed a refined pressure control drilling technology that addresses the challenges of deep well drilling, including the establishment of a theoretical framework for complex multi-pressure systems [2][3]. - Significant breakthroughs in equipment manufacturing have been achieved, including the development of fully electric-driven drilling equipment that enhances safety and reliability during deep well drilling [2][3]. - A comprehensive safety drilling technology system has been created, improving pressure control capabilities and operational standards, thus enhancing drilling efficiency [3]. Group 2: Application and Impact - The refined pressure control drilling technology has led to both technological autonomy and industrial scalability, breaking the foreign technology monopoly and capturing 80% of the domestic market share [4]. - The technology has been successfully applied in over a thousand wells, with a notable 60% of these being ultra-deep wells over 6000 meters, demonstrating its effectiveness in challenging conditions [4]. - The application of this technology has resulted in a 90% reduction in drilling fluid loss, a 96% decrease in complex drilling time, and a 20 percentage point increase in cementing quality, yielding significant economic and social benefits [4]. Group 3: Future Leadership - The successful development and application of this technology have enhanced China's core competitiveness in deep well drilling and provided a global solution for deep oil and gas development [5][6]. - The company has received multiple national and industry innovation awards, and its technology has been recognized as reaching an internationally leading level, marking a transition from following to leading in the global market [5][6]. - This technological advancement is a testament to China's spirit of independent innovation, positioning the company to contribute to high-quality development in the oil and gas industry [6].

Core Insights - The "Victory Tiangong" underwater intelligent inspection system has achieved significant breakthroughs in underwater robotic intelligent detection, promoting the transition from traditional experience-based inspections to intelligent inspections [1][2] - The system has been successfully applied in key marine platforms under Sinopec, PetroChina, and CNOOC, enhancing safety and stability in offshore oil and gas exploration [1] Group 1: Technological Advancements - The system integrates multi-dimensional inspection, intelligent diagnostic decision support, real-time monitoring, and early warning technologies, capable of utilizing various detection equipment such as optical, acoustic, and magnetic devices [1] - It enables real-time monitoring of underwater construction, monitoring of platform pile depth, and detection of exposed underwater pipelines, ensuring safe and stable oil and gas production [1] Group 2: Practical Applications - The system has been effectively utilized in harsh sea conditions, providing detailed data for pile insertion and accurately identifying potential risks, which has received high praise from clients [2] - It is not only applicable for detecting marine platform pile legs but also innovates adaptive line-following intelligent control methods based on multi-source data fusion, suitable for integrity assessments of underwater pipelines and cables [2]