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Honghua Group Unit Bags Fracturing Operation Support Services Contract Worth 75 Million Yuan
Honghua Group Enters Electric Fracturing Market
honghua group (00196.HK) subsidiary Honghua Electric entered into a contract for electric drive fracturing services.
格隆汇December 4th | Honghua Group (00196.HK) announced that its subsidiary Sichuan Honghua Electric Co., Ltd. ("Honghua Electric") successfully won the bid for a one-year onshore electric drive fracturing operation project with a domestic customer (after the expiration of the contract, if both parties have no objections, the contract will be automatically extended for 1 year; after the expiration of the one-year extension, it will be automatically extended for another year if there are no objections) with a winning bid amount of approximately over 75 million yuan. Honghua Electric recently signed a onshore electric drive fracturing operation support service contract ("Service Contract") with the domestic customer. According to the Service Contract, Honghua Electric will provide onshore electric drive fracturing operation support services to the domestic customer.
Market update | Petroleum stocks in Hong Kong surged collectively as OPEC+ made progress in delaying production resumption, while the usa imposed sanctions on multiple oil-related entities and vessels in Iran.
Petroleum stocks rose collectively. As of the time of reporting, PetroChina (00857) increased by 3.02%, traded at 5.8 Hong Kong dollars; CNOOC (00883) rose by 2.76%, priced at 17.88 Hong Kong dollars; Kunlun Energy (00135) went up by 1.45%, priced at 7.69 Hong Kong dollars; Sinopec (00386) increased by 1.42%, traded at 4.25 Hong Kong dollars.
One bad news for oil bulls: OPEC+ "no more".
OPEC's control over the oil market is increasingly weakening, and if no action is taken, the organization's control may completely disappear.
Did no one want CNOOC?
Source: Yaya Hong Kong Stock Circle Author: Chengfeng $cnooc(00883.HK)$ The stock price has peaked and has been falling for almost half a year. Cnooc's main upward wave from 2022 to mid-2024 attracted the attention of many investors. With continuous adjustments in the stock price, although the market still holds a high evaluation of Cnooc, based on the stock price movements, it may seem more like, 'This stock is good, I'll sell it to you.' How should we view Cnooc at present? 1. One of the largest oil companies with the lowest costs Cnooc is China's largest offshore crude oil product and henry hub natural gas supplier, with assets spread across more than forty countries and regions worldwide.
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