The trial of oil displacement driven by natural gas injection in China has been successfully accomplished recently for the first time in Zhongyuan Oilfield, Henan Province. This technology is ready for oilfield applic...The trial of oil displacement driven by natural gas injection in China has been successfully accomplished recently for the first time in Zhongyuan Oilfield, Henan Province. This technology is ready for oilfield application in July.展开更多
With the development of Chinese economy at high speed continuously for a decade,the oil consumption has entered into a fast increasing phase that with yearly average increase rate of 7.1%.
Chinese economy has turned from rapid development into new normal. With economic transition, demand for oil and gas decreases as well. Consumed diesel-gasoline ratio keeps declining, and diesel export increases consid...Chinese economy has turned from rapid development into new normal. With economic transition, demand for oil and gas decreases as well. Consumed diesel-gasoline ratio keeps declining, and diesel export increases considerably. Gas demand grows at medium speed, and supply meets demand in general. Alternative energy dominated by gas and electricity will develop faster. As crude oil import right is gradually liberalized, domestic oil market structure will be changed. Oil price drop brings the best opportunity for oil and gas market reform, and environmental protection becomes main force boosting natural gas development.展开更多
文摘The trial of oil displacement driven by natural gas injection in China has been successfully accomplished recently for the first time in Zhongyuan Oilfield, Henan Province. This technology is ready for oilfield application in July.
文摘With the development of Chinese economy at high speed continuously for a decade,the oil consumption has entered into a fast increasing phase that with yearly average increase rate of 7.1%.
文摘Chinese economy has turned from rapid development into new normal. With economic transition, demand for oil and gas decreases as well. Consumed diesel-gasoline ratio keeps declining, and diesel export increases considerably. Gas demand grows at medium speed, and supply meets demand in general. Alternative energy dominated by gas and electricity will develop faster. As crude oil import right is gradually liberalized, domestic oil market structure will be changed. Oil price drop brings the best opportunity for oil and gas market reform, and environmental protection becomes main force boosting natural gas development.
