Volvo Cars’ manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100 per cent renewable electricity. This takes the maker’s global renewable electricity mix in its manufacturing network to 80 per cent. The 100 per cent renewable electricity mix in Chengdu is the result of a …
Read More »Tesla’s China Car Registrations Up 150% Month on Month in May
U.S. electric vehicle maker Tesla Inc’s China car registrations in May jumped 150% month on month, data from auto consultancy LMC Automotive showed.
Read More »Schlumberger Launches Tech Agreement with CNPC Logging
Schlumberger is collaborating with China Petroleum Logging Co. Ltd., a subsidiary of China National Petroleum Corporation, to jointly manufacture wireline downhole technology in China. The collaboration will provide CNPC Logging with a license to manufacture fit-for-basin wireline technology. Schlumberger will support CNPC Logging on the manufacturing and sustaining activities for …
Read More »China to Add 440MM Barrels to Crude Stocks
China’s inventories of crude oil will go up by 440 million barrels in the first half of 2020, representing an unprecedented volume for a half-year period, IHS Markit reported Monday. China’s inventories of crude oil will go up by 440 million barrels in the first half of 2020, representing an …
Read More »GE Renewable Energy Expands Green Footprint in China
The renewable power company will supply 12 wind turbines and a two-year service agreement to a 30MW wind farm in China.
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 »Russia Overtakes Saudi Arabia to Become China’s Top Crude Supplier in April
China’s crude oil imports from Russia rose 17.7% year on year to 7.2 million mt or 1.76 million b/d in April, resulting in Russia overtaking Saudi Arabia to become the country’s top supplier in the month, latest data from China’s General Administration of Customs showed. Crude imports from Norway jumped …
Read More »40% Decline in Iran’s Trade with China
Iran’s commercial exchanges with China amounted to $5.26 billion during January-April to register a 40.6% decline compared with the 2019 corresponding period. As data from the General Administration of Customs of the People’s Republic of China show, Iran’s exports to China during the four months totaled $2.34 billion, indicating a …
Read More »Russia’s Yamal LNG Sends Early Shipment via Arctic Route
Russia’s biggest liquefied natural gas producer is sending the fuel across the Arctic to China more than a month earlier than usual as the ice that typically blocks the route thaws. The Christophe de Margerie, an ice-class vessel serving Novatek PJSC’s-led Yamal LNG project, departed from the production plant in …
Read More »U.S. Overtakes China as most Attractive Country for Renewables Investment
The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy sector is expected to bounce back quickly despite the coronavirus pandemic, research showed on Tuesday. In an annual ranking of the top 40 renewable energy markets worldwide by …
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