China completed a trial operation of an unmanned heavy-haul train on the railway connecting North China’s Hebei and East China’s Shandong provinces, marking a key milestone in advancing from automated to unmanned heavy-haul railway technology. The test train, comprising 108 cars with a total length of nearly 1,300 meters and …
Read More »Iran Eyes to Expand Oil Exports despite U.S. Sanctions
Iran’s Oil Minister Javad Owji said on Friday the country plans to increase its crude production in the absence of any “green light” from the United States for exports, according to the Shana News Agency affiliated to the Iranian Oil Ministry. Making the remarks in the southwestern province of Fars, …
Read More »China Speeds up Digital, Green Transformation in Coal Industry
Riding on a driverless, rubber-tired vehicle to the coalface at a depth of 150 meters has become part of the daily routine for miners in Shangwan Coal Mine in the city of Ordos, north China’s Inner Mongolia Autonomous Region. Thanks to the digitization of the coal industry, miners no longer …
Read More »Number of Active U.S. Drilling Rigs down this Week
The number of active drilling rigs in the United States stood at 749 this week, down by four from the previous week but up by 99 from last year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes. These active drilling rigs included 592 oil …
Read More »China’s Yunnan to Build Solar Energy Projects with Total Generation Capacity of 10 GW
Southwest China’s Yunnan Province on Monday inked photovoltaic project deals with a total generation capacity of 10 gigawatts in a green drive to alleviate its power supply shortage. Yunnan Provincial Energy Investment Group and Yunnan Provincial Investment Holdings Group signed the project deals with parties from seven prefectures and cities …
Read More »Russia Calls U.S. “Non-Involvement” in Nord Stream Sabotage “a Lie”
The Americans claim innocence of the blast of the Nord Stream gas pipelines, but “everyone understands that this is a lie,” a Russian diplomat has said. “The Americans are banally lying. I can once again recall the story about the test tube of (former) U.S. Secretary of State Colin Powell, …
Read More »China’s Petrochemical Industry Sees Increased Revenue in 2022
China’s petrochemical industry saw an increase in revenues and a decline in profits in 2022, according to the China Petroleum and Chemical Industry Federation (CPCIF). The country’s petrochemical industry registered a total revenue of 16.56 trillion yuan (about 2.41 trillion U.S. dollars) in 2022, climbing 14.4 percent year on year, …
Read More »Russia Urges U.S. to Prove Innocence over Nord Stream Incident
The United States should try to prove its innocence of blowing up the Nord Stream gas pipelines, the Russian Embassy in the United States said on Thursday. The Russian side will not allow to simply turn the page on destroying critical energy infrastructure, especially given the fact that nothing is …
Read More »Xi Says China Ready to Improve Cooperation with Qatar in Energy, Finance, Investment
China is ready to expand cooperation with Qatar in traditional energy such as natural gas and renewable energy such as photovoltaic and wind energy, and raise the level of bilateral cooperation in finance and investment, Chinese President Xi Jinping said here Friday when meeting with Qatari Emir Sheikh Tamim bin …
Read More »Global Oil Prices Expected to Remain High next Year
Global oil prices will remain high for all of the year 2023, the U.S. Energy Information Administration (EIA) forecast on Tuesday. Despite the recent drop in crude oil prices due to market concerns about global economic growth, the Brent crude oil price is expected to average 92 U.S. dollars per …
Read More »