Tag Archives: China

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 …

Oil declined for a third day as the coronavirus spread in Asia, particularly China, continued to threaten demand. West Texas Intermediate futures slumped 1.9%, after retreating 4.6% in the previous two sessions. The delta strain of Covid-19 has been detected in almost half of China’s 32 provinces in just two …

Built to China Classification Society (CCS) rules, Shen Hai Yi Hao has been deployed by field operator China National Offshore Oil Corporation (CNOOC) – China’s largest producer of offshore crude oil and natural gas. CNOOC estimates the Lingshui 17-2’s reserves at about 136Bn cubic metres (bcm) of recoverable gas. CCS …

China’s largest offshore oil producer China National Offshore Oil Corp (CNOOC) on Monday announced that Liuhua 16-2 oilfield cluster, China’s first independent deepwater oil and gas project, is now in full-throttle production in the South China Sea. CNOOC hailed the new progress at Liuhua 16-2 oilfield cluster as another major …

Amid all the talk of global warming, climate change-induced catastrophes, decarbonization and green finance, the global trade in “dirty” coal is enjoying an ironic renaissance. Bulk ships are busy transporting coal to Asia — and to eco-conscious Europe — boosting freight income for some of the very shipowners who publicly …

Bitcoin traded above $32,000 on Thursday after Elon Musk said Tesla would likely start accepting it as payment again as more renewable energy was used to mine the cryptocurrency. Tesla had said in May that it would not accept Bitcoin as payment because of the vast amounts of electricity needed …

China has been raising its marine fuel sales in recent years, aiming to grow its share of Asia’s large bunkering market, which is valued at more than US$30 billion and is dominated by Singapore, Bloomberg reports. Singapore, the leader of the bunkering market, sold nearly 50 million tons of marine …

Chinese oil companies processed a record volume of crude in June, offering further signs that Asia’s largest economy may surpass the U.S. to become the world’s biggest refining nation this year. Volumes hit 14.86 million barrels per day last month, up 3.8% from May, according to Bloomberg calculations based on …

Oil prices fell on Wednesday over fresh concerns about demand after data showed that China’s first-half crude imports dropped, but were still holding near a one-week high amid worries about supplies as the world recovers from the coronavirus pandemic.

The world’s first commercial modular small reactor on land, the Linglong 1, has officially entered into the construction phase for a demonstration project in Changjiang Nuclear Power Plant in South China’s Hainan Province on Tuesday, sending a renewed signal to the world regarding China’s leading position in modular small reactor …