Tag Archives: China

China looks to raise its crude oil production by 1 percent to 3.85 million barrels per day (bpd) and natural gas output by 4.3 percent this year, the National Energy Administration’s (NEA) annual production plan showed, as carried by Reuters. In order to increase its domestic oil and gas production, …

Iranian Ambassador to China Mohammad Keshavarzzadeh in a message commended China for objection to ant-Iran resolution passed by the International Atomic Energy Agency Board of Governors, saying Iran will never forget China’s firm position. Keshavarzzadeh made the remarks in a Twitter message reacting to China Foreign Ministry Spokesman Zhao Lijian’s …

The global will remain oversupplied for the next two years but low prices will not hinder China from stepping up domestic output and reducing its reliance on imports, according to a senior executive of one of China’s largest natural gas distributors. “This year, the coronavirus pandemic has rendered the global …

LNG giant Shell said it recently signed a deal to supply carbon-neutral liquefied natural gas cargoes to CNOOC Gas & Power Group, a unit of China National Offshore Oil Corporation. Hague-based Shell said on Monday that these shipments will be the first carbon-neutral LNG cargoes to Chinese Mainland. The cargoes …

Asia is set to lead the global construction of new trunk/transmission oil and gas pipelines by 2024, holding a 36% of total estimated additions, consulting firm GlobalData said in a new analysis on Friday. The region expects 109 projects with a 46,699-kilometer length of new-build oil and gas pipelines. Roughly …

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 …

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.

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 …

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 …

The renewable power company will supply 12 wind turbines and a two-year service agreement to a 30MW wind farm in China.