Tag Archives: China

China’s first self-developed subsea Xmas tree system has successfully been put into operation in the South China Sea on Tuesday, a key breakthrough in China’s domestic technical equipment for deepwater oil and gas development, China National Offshore Oil Corporation (CNOOC) said on Tuesday. The tree system is believed to be …

At the end of 2021, authorities in the northern Chinese province of Shanxi fined one of China’s biggest coal companies for illegally mining at more than 50 sites. Jinneng Holding Shanxi Coal Industry had flouted strict production limits, introduced following a series of mining accidents across the country. In one …

Saudi Arabia will provide some Chinese buyers with less crude than they asked for next month, while fulfilling requests from many other customers in Asia after OPEC+ pledged to speed up production hikes. Japan, South Korea, Thailand, and India will get the oil volumes they had sought, with some even …

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, …

A research team comprised of Chinese and Russian scientists have recently developed a cost-effective and environmentally friendly way to lift efficiency to convert sunlight into hydrogen energy, a method that could help Russia and China enter a new era of clean energy and help both countries take a leading position …

At a time when the global crude oil market is facing tight supplies, the revival of demand from China following the relaxation of Covid restrictions helped oil futures to trade higher on Tuesday morning. At 10.04 am on Tuesday, the August Brent oil futures were at $120.22, up by 0.41 …

China aims to double its wind and solar capacity by 2025, according to a new road map that also allows for more coal-fired power plants to bolster energy security. The world’s biggest polluter earlier estimated it needs to double wind and solar use by 2030 to deliver on its pledges …

Oil prices strengthened on Wednesday after European Union leaders agreed to a phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai, which could bolster demand in an already tight market. Oil benchmarks have marched steadily higher for several weeks as Russian shipments are squeezed by …

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 …

Chinese oil company Sinopec Overseas Oil and Gas Limited (SOOGL) and Algeria’s oil giant Sonatrach signed here on Saturday a 490-million-U.S. dollars contract on oil and gas exploration in Algeria’s Zarzaitine field, some 1,500 km southeast of Algiers. According to a joint press release by the two companies, SOOGL and …