Projections of Chinese oil production have vacillated between over-optimism and inordinate pessimism during the past 15 years. In the mid-1970s, China was hailed as a potential oil giant, with prospects of producing 329 million tonnes by 1985. By the early 1980s, when oil output was stagnant...
The solar panels maintained by Ma are an integral part of this green shift. The photovoltaic panels collectively generate approximately 1,900 kWh of electricity per day. This clean energy production meets the daytime power needs of 72 oil wells.In March this year, the field connected a 150,000...
But global oil demand growth last year, according to BP, was 2.7 mbpd. So we could be on a strict oil diet and still choking on high oil prices. In any event, I would welcome a rigorous, quantitative analysis of what a “plan to reduce structural dependence” might look like and what...
These collaborations align with the world's largest oil producer's ambitious goal of having renewable energy comprise over 50 percent of its energy mix by 2030. China's new energy industry also helps forge a win-win model for green and low-carbon energy transitions. In Kenya, for example, t...
About 500 tons of oily sludge is generated from oil production, transportation, and refining each year. Oily sludge is mainly composed of oil, water, o/w emulsions, and solids and is quite difficult to separate and reuse. The accumulation of oily sludge has posed a serious environmental ...
The solar panels maintained by Ma are an integral part of this green shift. The photovoltaic panels collectively generate approximately 1,900 kWh of electricity per day. This clean energy production meets the daytime power needs of 72 oil wells. ...
JPMorgan lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand. The Brent price spread between December 2025 and December 2026 has flipped into contango as investors have priced in oversupply and demand concerns, said B...
We stabilized and increased grain acreage, expanded the production of soybeans and other oil-yielding crops, improved the composition and geographic distribution of agricultural production, and increased per unit crop yield and the quality of grains. We refined policies to support grain production, ...
The report also showed Opec's oil production rose in February despite output cuts by the wider Opec+ group. Opec+ includes the 13 Opec members, plus Russia and other outside producers. For November last year, with prices weakening, Opec+ agreed to a two million bpd reduction in its output...
while Sinopec also lowered its full-year capital expenditure outlook by 10 percent from the 143.4 billion yuan it projected earlier this year. CNOOC said it has lowered its annual plans for both capital expenditure and production this year to mitigate the impact of subdued oil prices, down 11 ...