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From January to May, the Profits of Industrial Enterprises above Designated Size Nationwide Decreased by 18.8%

According to the monthly report released by the National Bureau of Statistics, from January to May 2023, industrial enterprises above designated size nationwide achieved a total profit of 266.89 billion yuan, a year-on-year decrease of 18.8%.

China Economy 2023-06-30

CNOOC Released the "Double Carbon Action Plan"

On June 29, CNOOC officially released its "carbon peak and carbon neutralization" action plan, aiming to achieve carbon peak in 2028 and carbon neutralization in 2050. The proportion of non fossil energy production exceeds that of traditional oil and gas production.

CNOOC CCS/CCUS 2022-07-02

Number of Leaders in Daqing Oilfield Decreased by More Than 15%

Through the mode reform, a total of 28% of the three-level units have been reduced, and 272 grass-roots teams have been cancelled. The proportion of general management personnel has been reduced by nearly 4%.

CNPC 2022-06-16

CCUS Brings New Ideas of Emission Reduction in Xinjiang

Recently, the national development and Reform Commission and the National Energy Administration issued the modern energy system plan for the 14th five year plan, which proposed to reduce the carbon footprint of the energy industry.

Zhang Jianhua, Director of National Energy Administration: Accelerating Construction of a Modern Energy System

A few days ago, the 14th five-year-plan for modern energy system has been approved by the State Council and printed, distributed and implemented. During the 14th five-year-plan period, we should speed up the construction of a modern energy system, build an energy power.

Premier Li Keqiang's Government Work Report(Excerpt)

Premier Li Keqiang delivered a government work report on the 5th.

Joint Action of Carbon Peak and Carbon Neutralization in Chengdu Chongqing Twin City Economic Circle

In order to thoroughly implement the strategic decisions and arrangements of the CPC Central Committee and the State Council on carbon peaking and carbon neutralization, a joint action plan for carbon peaking and carbon neutralization in Chengdu Chongqing twin city economic circle was formulated.

Zhang Haichao, Former Deputy General Manager of Sinopec Group, Was Prosecuted

Recently, the case of Zhang Haichao, former party member and deputy general manager of Sinopec Group Co., Ltd., suspected of taking bribes and taking bribes by using influence, was prosecuted by Jinhua Municipal People's Procuratorate to Jinhua intermediate people's court according to law.


CNPC Han Zhao: Under "Double Carbon", Energy Acquisition and Use Is a Major Strategic Issue

At the conference, Han Zhao, general manager of PetroChina Hainan Sales Co., Ltd., introduced China's energy structure, PetroChina's development plan, achievements and future development.

China Energy CNPC 2022-01-14

PetroChina Released the Report of World and China Energy Outlook in 2060

On December 26, PetroChina released the latest version of the world and China Energy Outlook in 2060 in Beijing. The report believes that achieving carbon neutrality is inseparable from "security balance innovation cooperation".

China Energy 2021-12-28

ECF China Shale Weekly Review -Dec 5,CNPC and Sinopec Signed A Strategic Cooperation Framework Agreement

CNPC and Sinopec Signed A Strategic Cooperation Framework Agreement. China Releases Green Development Plan Tied to Carbon-neutral Goal. Sinopec Signals Fresh Shale Success With Dongye Deep 2. Sinopec awarded Jafurah Unconventional Gas Walking Rigs Contract.Changning-Weiyuan Unconventional Gas Field.

China Releases Climate Policy Guidelines, Leading Way to Decarbonization in the Future

On October 24, the CPC Central Committee and the State Council issued the opinions on completely, accurately and comprehensively implementing the new development concept and doing a good job in carbon peak and carbon neutralization (hereinafter referred to as the opinions). On October 26, the State Council issued the action plan for reaching the carbon peak by 2030 (hereinafter referred to as the action plan). These two documents officially opened the process of building China's "1 + n" climate policy system

Central Bank Launched Carbon Emission Reduction Support Tools

The People's Bank of China announced on the 8th that it would launch a carbon emission reduction support tool. The People's Bank of China will provide low-cost funds to financial institutions through carbon emission reduction support tools, and guide financial institutions to provide carbon emission reduction loans to all kinds of enterprises in key areas of carbon emission reduction on the premise of independent decision-making and taking their own risks. The loan interest rate shall be roughly the same as the market quotation interest rate (LPR) of loans of the same period and grade.

China Signals It’s Not Joining Pledge to Cut Methane Emissions

China signaled it’s unlikely to join a global pledge to cut methane emissions, and said it’s already doing enough to reduce greenhouse gases.“The U.S keeps telling people to join it for new pledges but without giving solutions about how to” tackle methane, said Wang Yi, a senior Chinese negotiator at COP26. “Young people say there’s a lot of blah, blah, blah here, which to some degree is true,” he said, referring to comments from climate activist Greta Thunberg.

Public money commitments to fossil fuels, clean and other energy in China recovery packages since January 2020, USD billion, as of 10 November 2021

Since the beginning of the COVID19 pandemic in early 2020, China has committed at least USD 62.10 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:At least USD 20.60 billion for unconditional fossil fuels through 18 policies (12 quantified and 6 unquantified)At least USD 1.80 billion for conditional fossil fuels through 2 policies (1 quantified and 1 unquantified)At least USD 1.21 billion for unconditional clean energy through 5 policies (2 quan

China Policy 2021-11-10

President Xi stresses energy self-reliance during oilfield visit

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Thursday said China, as a manufacturing powerhouse, must enhance self-reliance in energy amid efforts to develop the real economy.Xi encouraged oil workers to strive for new achievements when visiting a drilling platform in the Shengli Oilfield in Dongying City, east China's Shandong Province.Oil production is of great significance to the country, Xi noted.This year marks the 60th anniversary of the discovery of an oilfield in Dongying, which was later named Shengli Oilfield.On behalf of the CPC Central C

CNOOC With a Market Value of 300 Billion Yuan Was Forced to Delist by the United States

On February 26, local time, the New York Stock Exchange decided to officially start the formal delisting procedure of China National Offshore Oil Corporation (CNOOC) American Depositary Receipts (NYSE: CEO).

Global Market CNOOC 2021-03-04

What China’s 14th Five‑Year Plan Means for Investors

China recently unveiled its 14th five-year plan (FYP) to guide the country’s economic development over the coming five years, along with the blueprint for a long-term strategy that outlines its vision for 2035.

Holiday Notice - Jan 24 - Jan 30, 2020

Holiday Notice - Jan 24 - Jan 30, 2020

ECFShale 2020-01-23

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