The first nation to implement a COVID-19 lockdown, China, has experienced an unprecedented power demand drop during the first two months of the year as a result of the stagnation of industrial and commercial activities. Amidst this demand squeeze, renewables have emerged as a winner in the increasing competition among …
Read More »World’s Wind Power Capacity up by Fifth after Record Year
The Global Wind Energy Council found that wind power capacity grew by 60.4 gigawatts, or 19%, compared with 2018, in one of the strongest years on record for the global wind power industry. The growth was powered by a record year for offshore wind, which grew by 6.1GW to make …
Read More »The U.S. Is Becoming the World’s Largest Oil and Natural Gas Exporter
Amid a thunderstorm of horrifically sad COVID-19 news, I wanted to focus on an energy story to lift your spirits. We all realize that energy markets are such an afterthought right now, but I wanted to give you something. Remember Red, hope is a good thing, maybe the best of …
Read More »China’s CPCEC Wins an Engineering Contract for Majnoon Oil Field in Iraq
The Chinese Petroleum Engineering and Construction Company “CPCEC” won an engineering contract worth $ 203.5 million to process high-sulfur gas in Majnoon oil field in Iraq. The project, which is scheduled to be completed within 29 months, aims to build a facility to process high-sulfur gas with a daily capacity …
Read More »China’s Crude Reserves to Reach 1.15 Billion Barrels in 2020
Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand. Wood Mackenzie senior consultant Lei Sun said: “Major crude oil importers such as China have been known to build their strategic …
Read More »Chinese EV Maker BYD Builds World’s Biggest Coronavirus Face Mask Factory
The company’s factory can also produce five million face masks and 300,000 bottles of hand sanitiser gels per day.
Read More »Chinese Tradesmen Dispatch Aid Consignment to Iran
Chinese Ambassador to the Islamic Republic of Iran Chang Hua informed on Thursday that Chinese businessmen have sent a consignment of anti-coronavirus aid to Iran.
Read More »China Considers Boosting State Oil Reserves
Oil’s historic price crash is prompting the Chinese government to consider buying more crude for state reserves, say people with knowledge of the matter. Top planning officials are consulting with Chinese government agencies and state-owned energy companies about the possibility of bolstering the nation’s strategic stockpiles with cheap oil, the …
Read More »Asia Placed 90% of Global Offshore Wind Turbine Order Spree Last Year
Vestas dominated global onshore sales with a total of almost 18GW of orders in 2019.
Read More »China’s Solar Price War
China is deciding to ramp up solar capacity.
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