Tag Archive

Qingdao McDermott Wuchuan Awarded Module Fabrication Contract

Qingdao McDermott Wuchuan Awarded Module Fabrication Contract

September 17, 2019 No Comments

McDermott International, Inc. (NYSE: MDR) today announced that its joint venture Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd (QMW) in Qingdao, China, has been awarded a large* contract to provide three complex modules for the Arctic LNG 2 Project in the Yamal-Nenets Autonomous Region in Russia. “This award recognizes QMW’s experience and excellent performance in […]

Total and Envision in JV to capture the distributed solar energy market in China

Total and Envision in JV to capture the distributed solar energy market in China

September 16, 2019 No Comments

TEESS, a 50/50 joint venture company, established by Total, and Envision Group, a global leading smart energy technology company, launches its commercial activity to develop on site distributed generation solar projects for B2B customers in China. TEESS will offer its clients a unique combination of distributed solar energy systems and digital solar energy solutions running […]

Saudi Aramco signs MoU with China Zhejiang Free Trade Zone

Saudi Aramco signs MoU with China Zhejiang Free Trade Zone

September 5, 2019 No Comments

Saudi Aramco today signed a Memorandum of Understanding (“MoU”) with China’s Zhejiang Free Trade Zone, in which the Zhoushan Government emphasized its support for incentivizing Saudi Aramco’s greater investment in Zhejiang’s future downstream growth. The MoU was signed in conjunction with a visit to Saudi Aramco’s headquarters in Dhahran by Yuan Jiajun, Governor of the […]

EV battery maker CATL H1 profit surges

EV battery maker CATL H1 profit surges

July 23, 2019 No Comments

Contemporary Amperex Technology Co., Ltd. (CATL), China’s largest automotive lithium-ion battery maker, forecast a 120 percent to 150 percent annual profit growth in the first half of 2019 amid a booming new energy vehicle (NEV) market. Net profit in the Jan.-June period rose to between 2 billion yuan (290 million U.S. dollars) and 2.28 billion […]

ADNOC signs framework agreement with CNOOC

ADNOC signs framework agreement with CNOOC

July 23, 2019 No Comments

The Abu Dhabi National Oil Company (ADNOC) on Monday signed the Strategic Framework Agreement with China National Offshore Oil Corporation (CNOOC) to explore new opportunities for collaboration in both the upstream and downstream sectors as well as in LNG (liquefied natural gas), China News Agency reported on Monday The exchange of the signed agreement was […]

CNOOC China Limited Signs Agreement with Sinopec Corp.

CNOOC China Limited Signs Agreement with Sinopec Corp.

July 23, 2019 No Comments

CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced that CNOOC China Limited, its subsidiary, has signed a Cooperation Framework Agreement with China Petroleum & Chemical Corporation (“Sinopec Corp.”) regarding the sea areas of Bohai, Beibu Gulf and South Yellow Sea, as well as North Jiangsu Basin. The Cooperation Framework Agreement will be […]

China builds solar farm the size of 195 football pitches. Consists of 196,320 solar panels

China builds solar farm the size of 195 football pitches. Consists of 196,320 solar panels

July 18, 2019 No Comments

The city of Ordos set a Guinness World Record on July 9 with the largest solar panel image in the shape of a horse. The magnificent pattern was created at a solar energy power generation base in the hinterland of the Kubuqi desert in Dalad Banner with 196,320 solar panels, occupying an area of 1,398,421 […]

US and China ‘agree tentative trade truce’ ahead of G20 summit

US and China ‘agree tentative trade truce’ ahead of G20 summit

June 28, 2019 No Comments

China and the US have reportedly agreed to a tentative truce in their ongoing trade war, two days before crucial talks at the G20 summit this weekend. Details of the agreement, which would scrap plans for a further round of US tariffs on an additional $300bn (£236bn) of Chinese goods, will be laid out in […]

China issues 5G commercial-use licenses

China issues 5G commercial-use licenses

June 6, 2019 No Comments

China’s Ministry of Industry and Information Technology (MIIT) on Thursday granted 5G licenses for commercial use, marking the beginning of a new era in the country’s telecommunication industry. China Telecom, China Mobile, China Unicom and China Broadcasting Network are the first batch of companies that obtained the 5G licenses. The 5G technology will establish a […]

Sinopec, CNPC Stop Buying Iranian Oil In May

Sinopec, CNPC Stop Buying Iranian Oil In May

May 12, 2019 No Comments

China’s two largest oil companies, CNPC and Sinopec have not ordered any Iranian oil cargoes to load this month after the expiry of the sanction waivers Washington had granted China and seven other Iranian oil importers, Reuters reports, citing unnamed sources. The news comes despite statements from Beijing that it will not comply with the U.S. […]

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