Industry News

IEA: China Will Usher Golden Age of Gas

IES shows that for promotion of constantly increasing demands, golden age of gas in North America will expand to China in the next 5 years.   New interim report of gas market published IEA points out that the demands for gas in China will be double nearly by 2019. The increasing demands for...

Russia Was Prepared for Endangered Oil Prices

It was reported that Alexei Ulyukayev, Russian Minister of Economic Affairs, said on Friday that Russia as a global major oil producer would have to be prepared for the decrease of crude oil prices-----they would reduce the prices predication. Before that, OPEC’s decision not to cut producti...

Power of Siberia Gas Pipe Will Begin in August

It is reported that Power of Siberia gas pipe will begin to be built in August to supply gas to China.   Gas being supplied to China will be exploited at Chayandinskoye gas field in the eastern Siberia. Currently, equipment installation is being prepared busily in gas fields. Protocol of de...

Russia Failed to Reach Gas Supply Contract with Ukraine

Russia failed to reach a gas supply contract for restarting to transmit gas to Ukraine in the coming winter, when Russian officials met with Ukrainian officials in Brussels on Tuesday.   Focuses of dispute include: how much Ukraine should pay to Russia for gas having been consumed, when Ukr...

Internet of Things & Big Data Promoting Intelligent Valve

With the age of internet of things and big data, amounts of entrepreneurial opportunities are brought to intelligent hardware in traditional manufacturing industry. Meanwhile, experts also show their optimism for mobile internet and intelligence. Good prospect of capitals must promote intelligent ...

Korea Imported Oil from The U.S.

Before dawn on September 11, a cargo ship loading 4 hundred thousand barrels of American gas condensate will arrive at Port of YOSU in Jeollanam-do, Korea. Korean oil industry is very concerned about that. It is the first time for 41 years that Korea imports oil from the U.S. Korea may get rid of ...

Valve Has Wide Market Space in Sewage Treatment

With China carrying out energy conservation and emission reduction strategy and developing strategic emerging industry, construction scale and service of sewage treatment will be expanded further. Construction market and operation market of sewage treatment will enter into a period of high-speed d...

Credit Risk for China Valve Industry, 2014

Valve is a device that connects or cuts off medium in pipelines and regulates flow. It is key components in petroleum, chemical, power station, pipelines, nuclear industry, etc. China has the most valve manufacturers in the world. The number is about 6,000. In recent years, China valve industry ha...

Industrial Surplus World Launches New Valve Division

Industrial Surplus World (ISW) launches a new Valve Division in the United States at their new warehouse located in Houston, Texas. As ISW expanding rapidly, relief valves have quickly become the leading product item. For that, ISW has invested significantly into its company to create a Valve Divi...

South Stream Gas Pipe Will Not Be Abolished

It is reported that in recent days, Gerhard Reus, the CEO of OMV states that South Stream gas pipe in contemplation will not be abolished although the western and Russia confront each other because of the crisis in Ukraine.   The CEO said, “The gas pipe is a program which will last fo...