China's raw coal output climbed 6.4 percent year on year to 1.95 billion tonnes in the first six months of the year, official data showed.

The volume rose 7.1 percent from the level in the same period of 2019, putting the average Jan.-June growth of the past two years at 3.5 percent, according to the National Bureau of Statistics (NBS).

Deep Sea No.1, a 100,000-metric-tonne deep-water semi-submersible oil production and storage facility, will start production in late June, the China National Offshore Oil Corporation (CNOOC) Ltd. announced Tuesday.

Chinese construction equipment manufacturer Sany Heavy Industry Co Ltd ranked first in the world in excavator sales in 2020, surpassing peers including Caterpillar Inc from the United States and Japan's Kubota, the company said on Monday.

Thanks to the economic recovery and production capacity resurgence, the country's listed coal companies saw their profits soar during the first three months, and an analyst believes the momentum is set to continue.

The China Securities Regulatory Commission (CSRC) has given the green light to the trading of crude oil and palm oil options and approved the introduction of overseas investors in the trading, according to a CSRC announcement on Friday.

The country's largest independently designed and constructed offshore crude oil production platform-Lufeng 14-4 central platform-has completed float-over installation on Thursday in the South China Sea, which will further enhance the country's large-scale offshore oil and gas equipment construction and installation capabilities, China National Offshore Oil Corp said on Wednesday.

Recently, China Petrochemical Corp, or Sinopec Group, has discovered abundant flows of natural gas and crude oil at the Shunbei-42X well and the Shunbei-41X well in the petroliferous Tarim Basin in the Xinjiang Uygur autonomous region.

More Articles …

Baidu
map