This paper discusses the development status of oil and gas drilling and production equipment and technologies in China and abroad, including drilling rigs, drilling pumps, blowout preventers, top drive, positive displacement motors (PDMs), rotary steerable drilling equipment, workover rigs equipment, coiled tubing, fracturing equipment, artificial lift equipment, and offshore drilling and production equipment. The paper shows the gaps and shortcomings of Chinese equipment in automation, intelligentization, and localization of core components and points out that the oil and gas drilling and production equipment in China will develop towards electrification, automation, informationization, and intelligentization. It is suggested to attach great importance to oil and gas drilling and production equipment, optimize top-level design, increase investment, and carry out strategic R&D and manufacturing, so as to achieve high-quality development in the oil and gas drilling and production equipment industry, enhance international market competitiveness, and facilitate the efficient exploration and development of ultra-deep layer (deep water) and unconventional oil and gas resources.