China and Kazakhstan’s Oil and Gas Partnership at the Start of the Twenty-First Century

Over the past decade, cooperation between China and Kazakhstan in the oil and gas sector has developed significantly. For China, security of its energy supply is a key strategic objective. This paper analyzes the evolution of Sino-Kazakh oil and gas relations, assesses their long-term prospects, and explores how Chinese demand for oil and gas could divert Kazakhstan’s hydrocarbon resources from other energy markets. The netback approach has been used to assess the prices that China will need to offer other producers in Kazakhstan. Sino-Kazakh energy and economic cooperation could create a good basis for free economic zones and development of beneficial ties for both countries.     

Oil Price and Stock Market Synchronization in Gulf Cooperation Council Countries

Knowing that the Gulf Cooperation Council (GCC) economies are dichotomous in nature, and growth in the non-oil sector is tributary to the oil sector, we document the extent of synchronization between crude oil prices and stock markets for each of the GCC markets and for the GCC as an economic bloc. We use both the bivariate and multivariate nonparametric synchronicity measures proposed by Mink et al. (2007) to assess that linkage. We find a low to mild (mild to strong) degree of synchronization between oil price and stock market returns (volatilities). In a very few instances, we find very strong (above 80 percent) associations between these variables. These results hold irrespective of whether we assume that stock market participants form adaptive or rational expectations about the price of oil. Dynamic factor results confirm that shocks to volatility are more important than shocks to oil price returns for the GCC stock markets.     

浅谈价值工程在石油工程项目管理中的应用

随着石油开采技术的不断优化和完善,管理策略在油气资源方面发挥越来越大的作用,必将形成高速、低成本开发油气资源的一条创新之路——价值工程之路。本文主要结合价值工程在石油工程项目管理中的应用进行分析。     

ATF引起自动变速器故障分析

自动变速器(AT)的故障以液力换挡控制系统最多,而液压控制系统故障,究其原因多为自动变速器油(ATF)引起的,所以在检查自动变速器油质时,不能忽视油质对变速器故障的影响。文中通过实例分析从油液颜色、气味和所含杂质,推断出自动变速器的故障部位,从而快速排除故障,少走弯路。     

基于挣值法的海外石油勘探开发项目成本控制研究

随着中石油中标海外石油勘探开发项目的逐渐增多,传统经营管理模式下的成本控制系统得到一定的完善,但是与国际上先进的大石油公司相比还存在很大差距。海外石油勘探开发项目成本控制有必要引入挣值分析法。就海外石油勘探开发项目成本控制中挣值管理的适用范围、挣值计算、成本预测等进行了分析。     

基于模糊综合评价的舟山成品油码头选址研究

文中针对于成品油码头选址的复杂情况,根据其特点和性质,设计了评价指标体系。采取了多级模糊综合评价模型计算了各个指标的权重,将主观判断与客观计算相结合,增加了权重的可信度。并进行反模糊计算,对备选方案的整体竞争能力进行比较,达到优化选择的目的。     

实施企业标准提高热洗质量促进老区块油井的持续稳定发展

通过在生产现场实施企业标准Q／SY LH0145-2003《油井热洗操作规程》,使油井高温热洗从操作步骤、操作参数、达到的效果以厦注意事项等方面有了可靠的依据,有效地指导了油井高温热洗工作的及时、动态、合理、科学、高效运行,解决了蜡对油井正常生产的影响,实现了油井高温热洗质量的全面提高,使油井高温热洗后能够高效、长效地正常生产。实践证明,企业标准Q／SY LH0145-2003《油井热洗操作规程》在生产现场具有较大的应用价值。     

中国货币供应量与能源价格的实证分析

以2005年1月至2011年12月的货币发行量和能源价格月度数据为样本,采用VAR模型和基于该模型的脉冲响应、方差分解、误差修正和格兰杰因果检验等实证方法分析二者之间的短期及长期均衡关系,结论表明:货币发行量(M2)和能源价格具有显著的长期协整关系;但短期内,与货币发行量对能源价格的影响程度相比,能源价格对货币发行量的影响程度较强,即在短期内货币发行量的变动没有显著地传导到能源价格变动上。     

关于油田物流发展方向的探讨

经过多年开采,油田自然产能在逐步递减,这意味着油企的利润也在逐步下滑,为了保持利润的稳定,节约物流成本是油企必须采取的一项重要举措。本文通过对油田企业物流发展现状的分析,发现油田物流从生产到销售依然存在孤立、分散、低效的特点。鉴于此,本文进一步分析了油田物流发展新方向,提出通过构建物流大品牌、与地方政府结合、引入国际先进经验、培养高素质人才队伍等措施,进而打造"双轨"运行的绿色油田物流企业,最终实现油田物流一体化、现代化、社会化发展目标。     

Chinese Offshore RMB Currency and Bond Markets： The Role of Hong Kong

This paper discusses the role of Hong Kong in China’s grand scheme to build up the RMB as a global reserve currency.We highlight the economic importance of Hong Kong to China in terms of channeling foreign direct investment into China,some of which,in the future,will be denominated in the RMB.We discuss the development of China’s RMB currency swap and deposit markets in Hong Kong.These offshore markets enable the RMB to trade freely, setting the stage for the RMB to become fully convertible and allowing market forces to play a role in pricing the value of the RMB,and help in the development of the RMB-denominated bond(or dim sum bond)market in Hong Kong.Finally,we present evidence of the phenomenal growth of the dim sum bond market in Hong Kong,which can further enhance and strengthen the use of the RMB outside China.