China's Floods Hurt Oil, Other Industries

Jan. 13, 2005
More than 1,000 wells in the Daqing oilfield, representing one-third of China's petroleum production, are shut down in the wake of Yangtze and other river flooding. Hundreds of thousands of soldiers and oil workers are working around-the-clock to keep ...

More than 1,000 wells in the Daqing oilfield, representing one-third of China's petroleum production, are shut down in the wake of Yangtze and other river flooding. Hundreds of thousands of soldiers and oil workers are working around-the-clock to keep back the Nen River, which threatens the lucrative wells, according to reports.

Two plants operated by Hubei Axles, an agricultural-equipment producer, also have been closed. Another flood victim is Huaxin Cement in Hubei province; flooding has blocked shipments and pushed up the price of sand, a key ingredient of cement.

Unusually heavy rains have prompted the river floods, which have killed more than 2,000 people.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!