Tag Archives: CGTN

Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al-Saud said that oil was not discussed at a U.S.-Arab summit held on Saturday, and that OPEC+ would continue to assess market conditions and act as necessary. “There was no oil discussion at the summit,” Prince Faisal told a news conference, adding …

The U.S. said it expects further oil supply increases from Saudi Arabia after President Joe Biden met with Saudi Arabia’s Crown Prince Mohammed Salman. The White House on Friday welcomed the increase in production levels 50 percent above what was planned for July and August. It added these and other …

South Korea’s Ministry of Trade, Industry and Energy announced on Tuesday that it will increase nuclear power’s contribution to the national energy mix to 30% or more by 2030. President Yoon Suk-yeol has rejected the idea of phasing out nuclear energy, and made it a key pledge of his campaign …

For the first time, the U.S. provided more liquefied natural gas (LNG) to Europe than Russia sends by pipelines, according to the latest data released by the International Energy Agency (IEA). Russia ships about 150 billion cubic meters of gas to Europe via pipelines every year, and another 14 billion …

Chinese regulators have released an action plan on boosting industrial energy efficiency, detailing major targets and tasks to optimize the energy structure as the country takes steady steps to spur green transformation. By 2025, China aims to achieve a comprehensive improvement in the energy efficiency of major industrial sectors, a …

China’s first intelligent factory for the production of offshore gas and oil extraction equipment was put into operation on Sunday, marking a breakthrough in pivoting the industry to intellectual manufacturing. Covering an area of about 575,000 square meters, the factory has three intelligent production centers, seven auxiliary workshops and eight …

China’s self-developed multi-functional modular seabed trencher completed the laying of over 100 kilometers of the first offshore pipeline project in Bangladesh, setting world records in “sea land directional drilling crossing” and “deep-sea trench behind the channel,” the China National Petroleum Corporation (CNPC) announced Saturday. Directional drilling, also called directional boring, …

Russian Foreign Minister Sergei Lavrov on Saturday said Western sanctions would have no effect on the country’s oil exports and predicted a big jump in profits from energy shipments this year. “Considering the price level that has been established as a result of the West’s policies, we have suffered no …

The COVID-19 pandemic has slowed the progress towards universal access to electricity and clean cooking fuels and technology, according to a UN-sponsored report published on Wednesday. Globally, 733 million people lack access to electricity, and 2.4 billion still cook using fuels that are harmful to their health and the environment. …

The world’s first liquefied natural gas (LNG)-powered support vessels equipped with four sets of intelligent systems were delivered in Nantong City, Jiangsu Province on Saturday. The shipbuilder told China Media Group (CMG) that the vessels were solely designed and built in China, marking a milestone the country’s green and digital …