• January 23, 2024

Chevron has announced its plans to sell its natural gas business in Canada’s. Chevron’s assets in Canada, which currently produce 40,000 barrels of oil and gas per day from 235,000 acres in central Alberta,  estimates the potential value of the assets could be sold for up to $900 million. Chevron plans to divest between $10 billion and $15 billion in assets by 2028, following its recent deals with companies such as Hess Corp., PDC Energy, and Noble Energy. These deals have significantly increased the company’s oil and gas output. The company is proud of its performance in the Duvernay field and holds a strong position in the area. The business has both current production and potential growth opportunities, according to Reuters. Notably, the company’s other operations in Canada will not be affected by this decision. Chevron plans to focus more than 75% of its upstream capital expenditures on various regions including US shale basins, the Gulf of Mexico, the Eastern Mediterranean, Guyana, Australia, and Kazakhstan. This decision followed the company’s announcement of a deal with Hess, which is pending regulatory approvals and is expected to close in the second half of the year. Chevron first announced its plans to develop the East Kaybob region of the Duvernay play in Alberta in 2017, after three years of appraising the area. By 2022, 243 wells in the field had been tied into production facilities. The Duvernay has seen a surge in licensing activity and productivity improvements, with costs decreasing from as high as C$20 million per well a decade ago to C$10 million-C$15 million today, according to analysts at brokerage Eight Capital. They noted that the Duvernay will become a key focus for the industry in 2024, as operators have done enough drilling to understand how to optimize the technology. Source: https://egyptoil-gas.com/news/chevron-to-sell-natural-gas-business-in-canada/

• October 30, 2023

API Q1 is the critical strict quality management system for suppliers in the petroleum and natural gas industry. JST Seals firstly got the API Q1 certification in early 2018. Every year API would conduct audit to JST, this year the audit time is from October 23 to 28, 2023, and we successfully passed the renewal audit. Obtaining API Q1 quality certification is an important milestone in the development of JST. Through participating in the API Q1 quality certification and continuous communication with API, we have gained advanced management concepts from API, allowing us to continuously optimize the product quality control process and improve product quality. While allowing our business to cover more than 35 countries and regions, and continue to provide customers with better services.

• October 24, 2023

We are active in industries of oil & gas drilling, semiconductor, new energy, construction machinery, aerospace, nuclear & wind power, and medical equipment. We aim high and look far, providing professional and reliable sealing solutions for particular harsh applications.

• October 10, 2023

The PTC (Power Transmission and Control) Asia in Shanghai is an international trade fair that specializes in hydraulics, pneumatics, seals, gearboxes, motors, chains, belts, bearings, springs, and general industrial supplies. Since its inception in 1991, it has established itself as a leading trading platform in the industry and has served as a springboard for many international companies entering the growing Chinese market. It includes segments such as fluid technology, which has been a part of the fair since 2001, showcasing innovative technologies in the realms of hydraulics, pneumatics, and sealing techniques. This offers insights into industries with high growth potential. This year the PTC Asia takes place on 4 days from Tue., 24.10.2023 to Fri., 27.10.2023 in Shanghai already for the thirty-second time. Welcome to visit JST at the PTC Exhibition at the Shanghai New Int'l Expo Centre in China. Hall OE3, Booth G106. JST has 28 years experience in the hydraulic seal designing and application. Hydraulic seals can be dynamic or static. The range includes piston seals, rod seals, wiper seals, as well as wear rings, back up rings and v packings. They are widely used in construction machinery, injection machines, die-casting machine, vulcanizing machine and other industries.