Thoughts on Cultivating New Quality Productive Forces in the Field of Distributed Energy

The 2024 Government Work Report proposes to promote the development and utilization of distributed energy.This marks the inaugural inclusion of“distributed energy”in the Government Work Report.In constructing China’s new energy system,distributed energy stands to encounter substantial growth prospects and urgently requires addressing industry challenges and enhancing the market ecosystem for its advancement.

Influence of Energy Policies on Development Path of US Oil Companies

Focused on“energy security”,US energy policies have undergone a multi-stage evolution.The main line has shifted from ensuring the oil and gas supply to achieving energy independence,and then to diversified development under a broader concept of energy security.The development path of US oil and gas companies is guided and influenced by series of policies.Represented by ExxonMobil and Chevron,US oil companies are maintaining a long commitment to the oil and gas business,especially unconventional resources such as shale gas and shale oil.Different from their European counterparts,US oil companies have chosen CCS/CCUS as their primary method for achieving carbon neutrality.As for the new energy business,the US oil giants are showing more interest in raw materials such as lithium resources rather than the power generation business.

Practices and Reflections of CNOOC on Building World-Class Enterprises

At present,China is facing new strategic opportunities as well as risks and challenges in its development.Faced with the challenges brought by current global major risks,China urgently needs to build a group of world-class enterprises as ballast stones.Accelerating the development of a number of world-class enterprises is an important support for China to enhance its comprehensive strength and international competitiveness,and is crucial for the realization of the strategic blueprint for socialist modernization.After more than forty years of reform and opening up,Chinese enterprises have rapidly developed and grown stronger,with their position rising and their influence in the global market increasing continuously.However,Chinese enterprises are“large in size but not yet strong enough”.In this context,this paper systematically analyzes the practical significance and theoretical connotation of building world-class enterprises and the status quo of building world-class enterprises in China and takes CNOOC as an example to deeply analyze the practices of large central enterprises to build world-class enterprises at the levels of group and subsidiaries,providing a reference for Chinese enterprises to accelerate their progress towards world-class enterprises.

China’s Energy System Development Prospect and New Quality Productive Forces

Entering the post epidemic recovery stage,China’s economic development features acceleration of industrial structure optimization and upgrading.While energy demand is increasing rigidly,energy utilization efficiency is steadily improving,with cleaner energy consumption proportion rising.The direct relationship between China’s economic growth and its emissions may be loosening.New quality productive forces as characterized by innovation,greener and smarter manufacturing,industrial integration and promotion of high-quality economic development,are highly consistent with China’s energy transformation to drive an all-round green and low-carbon development in economy and society.They are bound to play an increasing important role in achieving energy security and build China’s strength in energy.

In Brief

CNPC wins first prize of the State Technological Invention Award for the first time。The“Onshore Wide-frequency,Wide-azimuth,High-density Seismic Exploration Key Technology and Equipment”independently developed by Bureau of Geophysical Prospecting INC(BGP Inc.)has been awarded the first prize of the State Technological Invention Award.This achievement marks the first time that CNPC has won the first-class State Technological Invention Award.To implement the national deep earth development strategy and advance into deeper and more complex oil and gas fields,BGP Inc.,supported by major national science and technology projects and the strong backing of CNPC,has fully leveraged its integrated technological advantages.Over the course of 15 years dedicated to scientific and technical breakthroughs,the company has undertaken original innovation in aspects such as conceptual methods,high-end equipment,and industrial software.It has independently developed the“two wide,one high”new generation of onshore seismic exploration technology,pioneering the global initiative in key technologies and equipment for high-density,wide-frequency,and wide-azimuth onshore seismic exploration.

Application of Large Language Models in Data Governance in the Petroleum and Petrochemical Industry

This paper delves into the current application, challenges, and demands of data governance in the oil and gas industry, as well as methods and implementation strategies to enhance data governance efficacy through the latest technologies such as large language models and algorithm optimization. Through the analysis of the current application status of large language models in intelligent data classification, data quality improvement, knowledge extraction and management, and intelligent search and information retrieval, the main challenges and demands faced by the petroleum and petrochemical industry in data governance have been revealed. A set of data governance optimization solutions tailored for the oil and gas industry has been proposed. These solutions aim to address the current data management challenges in the industry through advanced data processing technologies and algorithmic optimization, enhance the efficiency and quality of data governance, and thereby support the digital transformation and development of the oil and gas industry.

China Oil&Gas Call for Papers

China Oil&Gas,Journal No.:ISSN 1006-2696,CN 11-3543/TE.English journal administrated by the China National Petroleum Corporation and sponsored by the Petroleum Industry Press Co.,Ltd.This Journal strives to present the key tasks,comprehensive strength,business philosophy,technical standards,and developmental achievements of China’s petroleum industry in a deep and structured manner.It plays a positive role in enhancing the global brand influence,strengthening overseas image building,and showing the comprehensive strength of China’s oil companies.It has developed unique features and strengths in aspects such as column setup,report content,printing quality,and binding design.This Journal is the only comprehensive English foreign publicity journal for China’s petroleum industry and is currently issued bimonthly.

Review of the Global Energy Market in 2023

Global energy consumption reaches anewhighin2023,Due to the impact of COVID-19 and other factors,since 2020,apart from the steady growth in coal consumption,the consumption of oil and natural gas has experienced fluctuations.Statistics from relevant organizations indicate that in 2023,the consumption of oil and coal will reach a new high,and there will be a recovery in the growth of natural gas consumption.During the three years of COVID-19 and the global energy crisis,coal,the most conventional fossil fuel,saved the world.Coupled with the growth in the consumption of oil and natural gas in 2023,it is evident that,amidst the surge of energy transition,all three conventional fossil fuels are silently undertaking the significant responsibility for ensuring the energy needs of human society.

Daqing Oilfield Sets Sail on a New Voyage under the Belt and Road Initiative

In"Lonely Planet",there is a saying that goes,"Often when people think of Africa,they are actually thinking of Tanzania".There are the African savannas,the great animal migrations,and Kilimanjaro,bringing together the most stunning landscapes of this mysterious African continent.When we had the opportunity to come to this beautiful country,although we didn’t see these magnificent landscapes,we met with azure coastlines,white beaches,red earth,and baobab trees.Furthermore,after 6 years of tracking,bidding,and negotiating,we won a project led by Western owners amidst competition with 11 global contractors.

In Brief

CNPC achieved a high-quality“Good Start”in Q12024 On April 29,PetroChina Company Limited announced its Q12024 achievements,highlighting coordinated efforts in production and operations,safety and environmental protection,quality improvement and efficiency enhancement,reform and innovation,and green transformation.The Company optimized operations and product mixes,intensified market outreach,and rigorously managed costs.Its oil and gas chains ran safely and efficiently,while new energy and materials sectors witnessed rapid growth.

Prospects,Challenges,and Recommendations for New Energy Development

Since nearly 200 parties to the United Nations Framework Convention on Climate Change reached the Paris Agreement at the UN Climate Change Conference in Paris in 2015,the parties have successively established goals to achieve carbon neutrality by the middle of the 21st century.Therefore,transforming from high-carbon-emitting fossil fuels to low-carbon or even zero-carbon-emitting renewable energy sources has become a crucial pathway for reducing carbon emissions and achieving carbon peak and neutrality.

Review of China's Energy Policy in 2023

In 2023,China's energy policy primarily focused on deepening systemic and institutional reforms,enhancing energy security capabilities,strengthening energy conservation and carbon reduction,and improving the standard system.It has laid the foundation for China's policy direction,which is predicated on ensuring energy security,centered on economic construction,and aimed at achieving the carbon peak and carbon neutrality goals on schedule.In the current key tasks,China has accelerated the construction of a big unified electricity market,vigorously promoted upgrading industries for low-carbon,high-end,and intelligent development,and established carbon markets and standard systems aligned with international practices,achieving substantial progress.

The Social Causes of China’s Electric Vehicle Revolution and Its Impact on the Oil Industry

Globally,electric vehicle(EV)proliferation is indisputable.Central to EV manufacturing costs are batteries,but recent strides in power battery technology and notable cost reductions have augmented driving ranges and eased overall production expenses.EVs,now more accessible and of higher quality,are gaining traction among prospective buyers.The International Energy Agency records a stark rise:from just 1,890 registered EVs in 2005^(1),sales surged past 10 million in 2022^(2),and by 2023,neared 14 million units3.In merely 18 years,the global EV count multiplied by nearly 10,000-fold.

New Trends in Oil and Gas Security and Energy Transition

The report on the 20th National Congress of the Communist Party of China proposes promoting green development,advancing harmonious coexistence between humans and nature,and ensuring energy security.At COP282023,existing climate targets were reinforced,and a fresh accord was reached for scientifically achieving net-zero carbon emission.The global energy market is being transformed,with oil and gas regaining prominence in energy security.Firms are concentrating on core competencies amidst transitions,though upstream investments show a gradual rebound.The global carbon dioxide capture and storage(CCS)projects has witnessed a significant rise,with Direct Air Capture(DAC)technology gaining attention.Carbon dioxide Capture,Utilization,and Storage(CCUS)is essential as a foundational technology for achieving dual carbon goals.In light of global future development goals and China’s national conditions,this article discusses the evolving trends in the international oil and gas sector alongside China’s domestic energy security landscape.It proposes prospective trajectories for the growth of China’s oil and gas sector and measures to guide and respond to challenges during the energy transition process,providing references for decision-making in the transformation of oil and gas companies.China has a high level of energy self-sufficiency,with the overall energy security situation remaining controllable.China’s oil and gas sector is seeing three-pronged progress:deepening exploration to 10,000s of meters,nano-level reservoir description,and reviving mature fields for a new era.Focusing on deep layer,deepwater,unconventional and mature oilfields,strengthening Belt and Road energy partnerships,enlarging reserves,optimizing pipeline network layout,implementing a smart risk-management ecosystem,and driving the CCUS technology revolution.

Artificial Intelligence in the Oil and Gas Industry:Opportunities,Challenges,and Strategies

Introduction The current new wave of the digital revolution is sweeping the world with unprecedented breadth and depth.With the acceleration of digital transformation,artificial intelligence(AI),which is known as the engine of the“Fourth Industrial Revolution”,is playing a significant role in driving the digital transformation and intelligent development of related industries,and generating substantial social and economic benefits.In the oil and gas industry,it has become an inevitable trend to utilize AI technology to achieve automatic data collection,real-time monitoring,intelligent production optimization,and smart decision-making.

Current Status of Brazil’s New Energy and Green Low-carbon Practices in Deep-water Oil Fields

Brazil possesses abundant new energy resources such as solar energy,wind energy,and biomass energy,and is at the forefront of the world in the development and utilization of new energy,becoming a pioneer in energy transition and low-carbon development.Renewable energy accounts for nearly half of Brazil’s primary energy consumption,with the share in the power sector exceeding 75%.Brazil has achieved its carbon peak and is still actively promoting carbon and emission further reduction and the development of new energy.

Construction of Value-Creation Oriented Carbon Assets Management System of Oil Companies

As climate change draws more attention globally,the development of low-carbon economy has become an inevitable choice for mankind to achieve sustainable development.The increasingly strict control of carbon emission is making carbon emission rights a scarce resource and endowing the rights with the attributes of assets and commodities.China has announced the goal of“carbon emission peaking before 2030 and carbon neutralization before 2060”.Responding to this goal,as major carbon emitters,oil companies play the role of a driving force for green and low-carbon development.Carbon assets management is a key path for oil companies to achieve emission reduction goals and low-carbon transformation.However,the carbon assets management of China’s oil companies is still in the initial stage,with the system and regulations not yet sound,and the management process not yet closed loop.First the modes and experiences of carbon assets management in major international oil companies is introduced.Then the objective logical relationship and linkage laws between carbon assets management and enterprise value creation are comprehensively analyzed by integrating the basic theories of economics and management.On this basis,a value-creation oriented carbon assets management system for oil companies is constructed,mainly covering aspects such as enterprise strategy,control mechanisms,carbon inventory,and management modes.

The Inspiring Journey of Alraiah Abdelgadir:A Standout Overseas Employee at CNLC

In 2006,at the age of 37,Alraiah Abdelgadir joined the Sudan/South Sudan work zone of China National Logging Corporation(CNLC)as a probationary employee.At that time,his greatest contentment stemmed from having a secure job that enabled his children to attend school without worry,his wife to manage the family with ease,and his parents to peacefully enjoy their retirement years.Over 18 years,he evolved from a "struggling newcomer"to an "ambitious dream pursuer,"now serving as an assistant manager in the work zone.

World's Energy Transition and Chinese-style Modern Energy Revolution under Carbon Neutrality(Ⅰ)

Under global consensus on carbon neutrality and the intensification of regional conflicts,new energy has become the primary direction for various countries to achieve energy security and green development.Represented by wind,solar,geothermal,hydrogen and stored energy,and controllable nuclear fusion,the technological and scale advantages of new energy are being continuously strengthened.Low-cost wind,solar,and stored energy will support the global energy transition.The production and utilization of new energy enter a rapid development phase.In 2022,the average global consumption of new energy accounted for 18.2%,and it is expected to reach around 55%by 2050.The distribution of the world's energy resources,consumption regions,technological development,per capita consumption,energy-saving fields,and carbon emissions is uneven.The acceleration of low-carbon development in fossil fuels,the scale-up of renewable energy,and the intelligentization of energy management drives the rapid transition of global energy.

Providing the Quality of Pipes Supplied for the Construction of Oil Pipelines in Arctic Conditions

This article discusses the design features of pipes in thermal insulation used in the construction of main and field pipelines in Arctic conditions.The defects that occur during the production,transportation and storage of pipes are given.Recommendations for repair or prevention of defects are given.The information may be useful to Chinese manufacturers and transport companies in order to ensure the possibility of supplying pipes to construction sites in Arctic conditions.