Tag Archives: CGTN

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 …

The European Commission sent a revised proposal to national governments on Saturday that would spare oil shipments through the giant Druzhba pipeline, which is Hungary’s main source of crude imports, Bloomberg reported on Sunday, citing people familiar with the matter.

Oil prices rose by about 4 percent on Friday as U.S. gasoline prices jumped to a record high and investors worried supplies will tighten on the tit-for-tat sanctions between European Union and Russia. Brent futures rose by $4.10, or 3.8 percent, to settle at $111.55 a barrel. U.S. West Texas …

The European Union’s top diplomat said Brussels will impose new sanctions on Russia for waging war against Ukraine, targeting Moscow’s oil industry, banks, and those responsible for disinformation. “We are working on the sixth package of sanctions which aims to de-SWIFT more banks, list disinformation actors, and tackle oil imports,” …

The last few generating units of southwest China’s Baihetan Hydropower Station are being installed and tested. The station, which represents a breakthrough for China in terms of high-end equipment manufacturing, will have a total installed capacity of 16 million kilowatts. It will be equipped with 16 hydro-generating units, each with …