HH BHD wins an OEM contract

HH BHD (Huang Hua BHD Petroleum Equipment Manufacturing Co. Ltd.) was awarded a $0.57 million contract for the supply of equipment.

Partagez:

HH BHD (Huang Hua BHD Petroleum Equipment Manufacturing Co. Ltd.) was awarded a $0.57 million contract for the supply of equipment.

Supply of equipment

HH BHD is a subsidiary of Recon Technology, a China-based independent integrator in the oilfield services sector. It is also involved in environmental protection, electric power, and the coal chemical industry. Finally, the company announces that the Mainland China subsidiary has been awarded a $0.57 million contract.

HH BHD will supply high efficiency heating furnace equipment for an oil and gas company in China. The subsidiary generated $0.96 million in revenue from bids and contracts awarded in the last fiscal quarters. Equipment supplied includes isolation devices, automatic alcohol injection device for oil and gas wells and pipelines.

Multiple services

The supply also includes large tank extraction skids for treatment equipment, separators and wastewater tanks. Finally, HH BHD will also provide furnace repair and maintenance services to the customer’s oil and gas transmission center. In addition, all of these elements come with a two-year quality guarantee.

Mr. Shenping Yin, founder and CEO of Recon, says:

“These contracts confirm our commitment to our customers to continually provide the first-class solutions and services they need to outperform the competition and succeed. The sustainable use and high quality of our products could be applied in a variety of forms, serving a variety of industries that will help support our overall business performance in the coming year.”

Recon Technology is the first non-state-owned oil and gas services company in the People’s Republic of China listed on NASDAQ. It supplies China’s major oil exploration companies such as Sinopec.

Faced with recurrent shortages, Zambia is reorganising its fuel supply chain, notably issuing licences for operating new tanker trucks and service stations to enhance national energy security and reduce external dependence.
The closure of the Grangemouth refinery has triggered a record increase in UK oil inventories, highlighting growing dependence on imports and an expanding deficit in domestic refining capacity.
Mexco Energy Corporation reports an annual net profit of $1.71mn, up 27%, driven by increased hydrocarbon production despite persistently weak natural gas prices in the Permian Basin.
S&P Global Ratings lowers Ecopetrol's global rating to BB following Colombia's sovereign downgrade, while Moody’s Investors Service confirms the group's Ba1 rating with a stable outlook.
Shell group publicly clarifies it is neither considering discussions nor approaches for a potential takeover of its British rival BP, putting an end to recent media speculation about a possible merger between the two oil giants.
The anticipated increase in the tax deduction rate may encourage independent refineries in Shandong to restart fuel oil imports, compensating for limited crude oil import quotas.
Petro-Victory Energy Corp. starts drilling of the AND-5 well in the Potiguar Basin, Brazil, as the first phase of an operation financed through its strategic partnership with Azevedo & Travassos Energia.
The Texan Port of Corpus Christi has completed major widening and deepening work designed to accommodate more supertankers, thus strengthening its strategic position in the US market for crude oil and liquefied natural gas exports.
BP Prudhoe Bay Royalty Trust is offering its interest in Prudhoe Bay, North America’s largest oil field, as part of its planned dissolution, assisted by RedOaks Energy Advisors for this strategic asset transaction.
CNOOC Limited’s Hong Kong subsidiary and KazMunayGas have concluded a nine-year exploration and production contract covering nine hundred and fifty-eight square kilometres in Kazakhstan, sharing investment and operations equally.
Donald Trump announced that the United States will no longer oppose Chinese purchases of Iranian oil, immediately triggering a drop in global crude oil prices and profoundly reshaping international energy trade partnerships.
Research firm S&P Global Commodity Insights lifts its outlook for the fourth straight year, betting on three point five mn barrels per day from 2025 despite lower prices.
Enbridge plans to expand its infrastructure to increase oil transportation from the American Midwest to the Gulf Coast, anticipating rising exports and addressing current market logistical constraints.
US commercial crude inventories significantly decline by 3.1 million barrels, widely surpassing initial forecasts and immediately pushing international oil prices higher.
The UK could have hydrocarbon reserves twice as large as current official estimates, according to Offshore Energies UK, highlighting the impact of fiscal policies on forecasts and the economic future of the North Sea.
Following US strikes in Iran, international energy companies partially evacuate their teams from Iraq as a precaution, while Lukoil maintains its entire personnel on southern oilfields.
Chinese independent refineries remain cautious amid rising Iranian crude prices driven by escalating Iran-Israel tensions, potentially threatening access to the strategic Strait of Hormuz.
Gazprom, affected by a historic $6.9bn loss in 2023, is offering Pakistani state-owned firm OGDCL its petroleum assets in Nigeria to strengthen its presence in Asia’s energy market, according to Pakistani sources.
Donald Trump urges control of oil prices following U.S. military action against Iranian nuclear facilities, amid escalating tensions around the strategic Strait of Hormuz, threatening to significantly impact global markets.
PermRock Royalty Trust announces a monthly distribution of $539,693 to unit holders, impacted by reduced oil volumes and prices in April, partly offset by increased natural gas sales.