The global oil and gas industry is undergoing significant realignment. In early 2026, shipping disruptions in the Strait of Hormuz triggered by geopolitical tensions led to the largest single-month drop in global oil supply on record, according to the International Energy Agency (IEA). Against this backdrop, Brent crude prices surged past $130 per barrel, pushing global energy markets into a period of high volatility.
At the same time, upstream exploration and production activities are accelerating. According to industry leaders at CERA Week, global energy majors are refocusing on resource exploration to bridge expected production gaps over the next decade. Bain & Company notes that leading companies are prioritizing portfolio strength, capital efficiency, cash flow, and organizational capability. Wood Mackenzie also forecasts that by 2026, upstream operators will accelerate digital transformation, with AI applications helping to improve recovery rates and reduce unit costs.
Driven by the recovery in exploration and rising demand for oilfield services, the oilfield chemicals market is seeing new structural opportunities. Complex drilling conditions such as deepwater and high-temperature, high-pressure (HTHP) wells are driving demand for high-performance fluid loss control agents and temperature- and salt-resistant polymers.
As a specialized supplier with nearly 20 years of experience in oilfield chemicals, “Puyang Hongda Chemical” continues to align with these market trends. Leveraging the technical expertise from the Zhongyuan Oilfield, the company has continuously optimized its five core product lines — cellulose-based products, polymers, anti-collapse and plugging agents, shale inhibitors and fluid loss control agents, and lubricants and friction reducers.
Today, Hongda Chemical‘s products are widely used in major CNPC oilfields and exported to more than 20 countries and regions, including Central Asia, the Middle East, and South America. The company has an annual production capacity of 150,000 tons.
Looking ahead
Hongda Chemical will continue to uphold its philosophy — “Born from the oilfield, we know the oilfield best” — and drive innovation to provide high-quality chemical solutions for global oil and gas exploration and production.
