Lengon Co,.Ltd, announced that its fourth operated horizontal wells which contains gas liquid enlarges the area of the company’s East Kakwa project in Alberta.Lengon signed the one year drilling contract and a rig will be used in the next 25 working interest Montney well.

On the early morning of May 13th,the first N80Q SEW oil casing pipes with DN139.7 mm and WT9.17 mm are independently developed by Baoji Petroleum Steel Pipe Co., Ltd succeeded in going down a well once in Qinghai oilfield,which marks that Baoji high-grade octg steel pipe development has entered the applied stage.

With our national economy and infrastructure construction rapidly developing, the national market gradually accepts the environmental plastic pipe since a policy is introduced in1998 that the Ministry of construction replaces steel with plastic. Therefore, energy-efficient and environment-friendly pipe market possesses great potentials, containing unlimited business opportunities. And through the development in recent years, such new products as butt welding pipes, PAP, SP, and HDPE hollow-wall winding pipee spring up one after another. The growth rate of environment-friendly pipe market is about four times the average that of the total pipe market.

"The key steel enterprises are expected to achieve a profit of 20 billion Yuan this year."said CISA vice-chairman Wang Xiaoqi who participated in the "Thirteenth China Steel Raw Materials International Seminar". Domestic large and medium steel enterprises have realized profits worth of about 8 billion yuan from January to August. According to CISA statistics, key steel enterprises at home have accumulatively realized sales revenue of 3544.11 billion yuan in 2012, down 4.31%; realizing a profit of 1.581 billion yuan, down 98.22% year-on-year.

Along with our country economy rebounding, especially the further advance of urbanization, China steel pipe market demand will further improve in 2013, but the increment speed is likely to significantly reduce. It is expected that in 2013, the market demand for China steel will be about 7.8 million tons, an increase of 3%, of which seamless steel pipes account for 2.9 million tons, 4.9 million tons of welded steel pipes.It is anticipated that the export volume is approximate to 0.92 million tons, an increase of 4%, among which there are 540 thousand tons of seamless steel pipes, 380 thousand tons of welded steel pipes.

Lengon Steel Pipe Co.,Ltd.has provided thin-wall stainless steel direct-drinking water pipes to Beijing Olympic Games, Guangzhou Asian Games, Shanghai World Expo and other large projects for many years. From 2012,Lengon commerced to develop pipe fittings of diameter 8mm special direct-drinking water, finished the maltings stainless steel pipe specifications ranging from large to small,form the most reasonable direct-drinking water supply pipe, and substitute for DN15 stainless steel pipes, PPR and PE pipes.