State-owned China Guangdong Nuclear Power (CGNPC) may cut its proposed 756 million pound ($1.2 billion) offer for uranium miner Kalahari Minerals in light of Japan's nuclear crisis, a CGNPC official said on Wednesday.
Northwest China's Xinjiang Uygur autonomous region plans to spend 20 billion yuan ($3.04 billion) this year to boost its wind-power industry, including the establishment of the region's largest production base for wind-power turbines in Hami.
Sinovel Wind Group Co, China's largest wind power generator manufacturer, announced Monday it will finish production of the country's first independently-developed 6-megawatt wind turbine in June.
An "over-aggressive" target for the nuclear power industry by 2020 may harm the sector's healthy development, an industry expert from the National Development and Reform Commission's (NDRC) think tank cautioned.
China imported 164.83 million tons of coal in 2010, up 30.99 percent on the previous year and coal exports declined 15.03 percent for the same period to 19.03 million tons, the Beijing News reported Thursday, citing data from the nation’s top economic planner.
China's crude oil consumption is projected to grow 6.6 percent in 2011, down from a 13.1 percent pace in 2010, data from the China Petroleum and Chemcial Industry Federation showed on Wednesday.
China will ratchet up its efforts to construct the second phase of the national crude oil reserve base project in 2011, as part of the country's endeavor to secure strategically important natural resources and stabilize the petroleum market.
China National Electric Engineering Co Ltd (CNEEC) says it secured most of its 2010 revenue from overseas power station projects, representing the Chinese contractor's capacity in the international Engineering, Procurement and Construction (EPC) market.
China Petrochemical Corp (Sinopec Group), Asia's largest oil refiner by capacity, is expected to report a more than 100 billion yuan ($15 billion) net profit in 2010, as surging oil prices pushed up its performance in the upstream sector.
PetroChina has halted natural gas shipments to some downstream industrial users in North China this month to guarantee sufficient residential supplies, the National Business Daily reported Tuesday.
China Resources Power Holdings Co (CRP) said it's seeking to buy a controlling stake in a coal-mining project in Shanxi province, for about 6 billion yuan ($910 million).
China will auction eight shale gas exploration blocks in the first quarter of this year, two more than first planned and months later than originally scheduled for November last year, a ministry official said on Thursday.
China's apparent natural gas consumption is expected to grow by 22.6 percent in 2011 from 106 billion cubic meters (cu m) in 2010. That's because domestic consumption of the clean fuel is set to surge in accordance with the country's need to reduce carbon emissions.
China's wind power industry is facing bottleneck issues that may shake its leading position, despite having the world's largest installed wind turbine capacity.
China will spend an average of 500 million yuan ($74.6 million) each year on exploring oil and gas resources over the next two decades to counter the country's growing dependence on imported energy.
China's Ministry of Land and Resources announced Tuesday that authorities in the country have found and ordered the clean-up of more than 280 illegal mines in an effort to regulate the exploration of valuable minerals, such as rare earths.
The coal price may continue to rise, and it might surge more than 12 percent this year, 21st Century Business Herald reported.
Constructive cooperation between Chinese and US companies will boost bilateral economic partnership and create more common interests, Chinese and US energy entrepreneurs told Xinhua Tuesday.
China's strategic petroleum reserve (SPR) capacity is expected to reach 85 million tons, equaling 90 days of net imports by 2020, the China Economic Weekly reported Monday.
For Fu Chengyu, the helmsman of China's largest offshore oil conglomerate, it's never been an easy job to steer the vessel in rough seas.
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