The hottest oil equipment industry is cold in spri

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Under the current situation of economic crisis, China's petroleum equipment manufacturing enterprises should actively cultivate their internal skills, optimize the adjustment of product structure, strengthen technological innovation, be ready to go, and actively explore the way of business expansion

it may be the most appropriate to describe the happy situation of China's oil equipment manufacturing industry in 2008 with "the sky hovering with clouds and shadows". According to the data provided by China Petroleum and petrochemical equipment industry association, China's petroleum and petrochemical equipment manufacturing industry was in a state of rapid growth in the first 11 months of last year, with the year-on-year growth rate of major economic indicators such as total industrial output value, sales output value, new product output value and export delivery value all above 50%. The China petroleum equipment manufacturing branch, which is the envy of the industry, made a lot of money last year, with an annual sales revenue of 48.6 billion yuan, an increase of 41% year-on-year, and the operating revenue of its five directly affiliated enterprises increased by 61% year-on-year

however, people haven't had time to taste this record fruit. The financial storm sweeping the world has covered the oil equipment industry with a layer of frost in this spring when everything recovers

domestic market "hidden worries"

on January 12, at the industry credit rating conference held by China Petroleum and petrochemical equipment industry association, Secretary General Zhao Zhiming said with concern that although the petroleum and petrochemical equipment manufacturing industry has still shown a high development trend recently, hidden worries have emerged

if January is only a "hidden worry", then in March, this "hidden worry" will go to the front. An industry insider who declined to be named told, "the impact of the economic crisis on the oil equipment manufacturing industry has emerged.". It is reported that neither PetroChina nor Sinopec has signed an order to purchase oil equipment this year. At the end of last year, shortly after the outbreak of the financial crisis, Sinopec cancelled the order for two drilling rigs signed with Baoji Petroleum Machinery Co., Ltd

as an enterprise directly under CNPC, Baoji Petroleum Machinery Co., Ltd. produces drilling and production equipment well-known at home and abroad, and the production of a drilling rig is often tens of millions or even billions of yuan, which shows that its loss will not be very small. "Big companies in the industry such as gem machinery have been so impacted, not to mention other small fish and shrimp have reduced the set value and tested it; the import force (load) and export load have been appropriately increased!" This person is very emotional

in fact, it is an inevitable choice for the two companies not to purchase oil equipment this year. It is understood that as the main force in the purchase of domestic oil equipment, the drilling rigs in the oil field enterprises of PetroChina and SINOPEC are in surplus this year, and some of them are idle, even reaching about 60%. In addition, the pressure brought by cost reduction and efficiency increase will only reduce the demand for oil equipment

however, according to an insider, this situation will not last long in China, "we should still be full of confidence in the performance of the oil equipment manufacturing industry this year"

according to the expert's analysis, at present, China's economy is still the most dynamic and potential part of the world economy. On the whole, it is still in the stage of rapid development, and the demand for energy, especially oil and natural gas, is still strong. In this context, the fundamentals of the oil and gas sector of the three major oil companies have not changed, and the oil and gas business will still be in an upward trend

this analysis coincides with the work plans of the three major oil companies in 2009. At the 2009 work conference of CNPC, Jiang Jiemin, general manager of CNPC, proposed to continue to put resource exploration in the first place, strive to maintain an average annual growth of about 5% in oil and gas equivalent, speed up the construction and production of new projects, especially seize the opportunity of the fall in International energy resources and asset prices, and strengthen the development of overseas businesses

under the low oil price, Sinopec Group also paid the same attention to the upstream. Su Shulin, general manager of the group company, pointed out that the oil and gas sector is the mainstay of Sinopec, and proposed to "build an upstream long board", "facing the severe situation in 2009, the oil and gas sector should change ideas and innovate methods", "strive to increase reserves and production, reduce costs and increase efficiency"

as one of the three major oil companies, CNOOC's investment in the upstream sector is not inferior. According to the public information of CNOOC, CNOOC plans to invest 6.77 billion yuan this year, an increase of 19% over last year, of which the capital investment in exploration and development and production accounts for 97% of the total capital expenditure. This year, it is expected that polyurethane will not only have the function of thermal insulation, but also achieve a net crude oil output of 231 million barrels of oil equivalent, an increase from 196 million barrels last year

accounts for 62.1%

even the appearance parts that need metal texture. Behind these "investments" and "growth", they all hint to us the bright future of domestic oil equipment manufacturing, and more importantly, boost market confidence. "Confidence is more important than gold." When attending the world economic forum in Davos, Switzerland, Premier Wen Jiabao said in poetic words. Confidence is not a slogan shouted out of thin air, but a resounding "real money". Expanding domestic demand and stimulating the economy have become the trump card of our country to show solid confidence. The policy of 4trillion yuan to expand domestic demand and the successive revitalization plans: Automobile revitalization plan, petrochemical industry revitalization plan and shipbuilding industry revitalization plan will have a positive impact on China's petroleum equipment manufacturing industry

international trade downturn

in fact, compared with the domestic market, the downturn in the international market seems to be more obvious. Zhanghanliang, Secretary of the Party committee of China petroleum equipment manufacturing company, pointed out that the uncertainty of the worldwide oil and gas exploration and development trend made the exploration and development investment more cautious, and the insufficient operation volume directly affected the demand of the petroleum equipment market

during the world economic forum held in Davos, Switzerland, in February, Jay, chairman and CEO of Royal Dutch Shell? Vanderville said that due to the global financial crisis and the continuous decline in crude oil prices, about $100billion worth of oil and gas drilling projects in the world in 2008 were either postponed or cancelled

it is reported that as the center of this financial storm, the total number of drilling rigs used in the United States has decreased by 60 in one week. The total number of domestic drilling rigs in the United States reached 1773 a year ago, but now there are only 1339. The decline in oil and gas energy demand caused by the economic downturn is directly reflected in the use of equipment

in fact, before the outbreak of the global financial crisis, many upstream exploration projects in Saudi Arabia's oil industry were delayed due to financing reasons, and the outbreak of the financial crisis undoubtedly made it worse for them. Some smaller oil companies in many countries are also in crisis due to lack of liquidity. In addition, OPEC has constantly warned that if the oil price cannot be maintained at a reasonable level, the investment in important downstream energy projects such as oil refining and distribution will also be restrained

the shrinkage of these major international oil and gas resource development markets has led to the performance of several major domestic oil equipment manufacturing companies bearing the brunt. An insider of an oil equipment company that is a "leader" in the industry said, "at present, the company's orders are much less than in previous years, especially in the international trade part, and the specific data are not convenient to provide"

PetroChina Bohai Petroleum Equipment Manufacturing Co., Ltd. The head of the company's market operation Department told that the economic crisis had a great impact on the company's international trade field, and the company was formulating corresponding countermeasures. Although it has been less than a year since the reorganization and integration, the main products of PetroChina Bohai Petroleum Equipment Manufacturing Co., Ltd. have been exported internationally and exported to more than 30 countries and regions in Asia, Africa, Europe, America, Oceania and so on. In 2008, the company achieved an annual revenue of US $255 million in the international market, an increase of 113% year-on-year. Among them, international trade accounts for about 15% of the company's trade volume

It is normal for China's petroleum equipment market to be challenged by the increasingly complex domestic exploration and development conditions and the increasingly fierce competition in the international petroleum equipment market. Then, this uncontrollable economic crisis has exacerbated the difficulty factor of this challenge

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