China’s Daqing Oilfield, a subsidiary of the China National Petroleum Corporation, announced Wednesday the discovery of a major shale oil field with predicted geological reserves of about 1.27 billion tonnes.
Read More »World’s Largest Solar Company Taps Hydrogen Sector
The world’s biggest solar company is tapping the hydrogen sector to reduce its global carbon footprint further. China’s Longi Green Energy Technology Co. has set up a stand-alone unit for hydrogen-related equipment and aims to make this clean energy more affordable. “There is no doubt that renewable energy will help …
Read More »China Discovers Billion-Tonne Shale Oil Field, Largest in Country
China National Petroleum Corporation announced on Sunday the discovery of a shale oil field with geological reserves of 1 billion tonnes in northwest China’s Ordos Basin, making it the largest in the country. The leading energy company said the accumulated proven geological reserves of its Changqing Oilfield reached 1.052 billion …
Read More »IAEA to Invite Chinese Experts to Fukushima Wastewater Working Group
Experts from China will be invited to be part of an International Atomic Energy Agency (IAEA) technical working group pertaining to Japan’s disposal of nuclear wastewater, a Chinese Foreign Ministry spokesperson said Monday. Spokesperson Wang Wenbin told a daily press briefing that the news was recently confirmed by the IAEA. …
Read More »China’s First Deep-Water Oil Platform Ready to Set Off for South China Sea
China’s first domestically-built, semi-submersible deep-water oil production unit has been completed after 21 months of construction. The platform is now ready to set off to the country’s first deep-water gas field in the South China Sea. The gas field, called Lingshui 17-2, is 150 kilometers off the city of Sanya …
Read More »Oil Industry Increases Green Energy Investment in Face of Coronavirus
The coronavirus pandemic has accelerated the oil industry’s move to invest in green energy. French power giant Total became the latest energy company to increase its commitment to renewables at the end of September – to the tune of $3 billion extra (an increase of 50 percent). BP announced back …
Read More »Aviation Crisis Means Oil Demand to Stay below Pre-Virus Levels before 2022
Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency (IEA) said on Tuesday, but less flying due to coronavirus fears means the world will not return to pre-pandemic demand levels before 2022. “Our first forecast for 2021 as a whole shows demand …
Read More »China Imports more Energy Products in January-April
China, the world’s leading energy and food importer, bought more crude oil, natural gas and soybeans in the first four months of 2020, customs data showed. The country imported some 170 million tons of crude oil in the period, up 1.7 percent year on year, while natural gas imports rose …
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