Global CCUS Innovation Organization Launched in Beijing Led by Sinopec

Sinopec launched an international CCUS organization to accelerate global cooperation and innovation in carbon capture technologies.

Cooperation Sinopec Carbon Neutrality 2025-07-15

Five Earth Science Experts Nominated for China's Top Science Award

Five leading Earth science experts have been nominated for China’s top science honor in 2025, highlighting achievements across geology, geochemistry, geophysics, astrochemistry, and marine science.

Tech China Exploration China Policy 2025-06-24

China and Inner Mongolia Align on 15th Five-Year Geological Survey Strateg

China Geological Survey and Inner Mongolia’s Natural Resources Department agreed on a joint geological strategy for the 15th Five-Year Plan, focusing on deep mineral and hydrocarbon exploration.

Belt and Road China Exploration China Policy 2025-06-13

Tarim Oilfield Surpasses 550 Million Tons of Oil and Gas Output Equivalent

Tarim Oilfield has surpassed 550 million tons of oil and gas output equivalent, consolidating its role as China’s top ultra-deep hydrocarbon base. Alongside technological breakthroughs in deep exploration and major CCUS advancements, Tarim is also embracing green transition with large-scale solar pr

China Oil Exploration China Oilfield Services Carbon Neutrality 2025-05-13

Xinjiang Party Chief Urges Accelerated Energy and Resource Development in Hami

Xinjiang Party Secretary Ma Xingrui visited Hami to push forward key energy, resource, and infrastructure projects, emphasizing new energy development, digital construction, private investment support, and the transformation of Xinjiang’s resource advantage into national strategic capacity.

Digital Energy China Policy Wind Power 2025-03-21

Happy Chinese New Year!

To celebrate the Chinese Lunar New Year, the English news on the ECF official website will be suspended until February 15th. Thank you!

2024-02-10

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.

CCS/CCUS Carbon Neutrality 2022-04-27

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.

Energy Reform China Policy 2022-04-01

Premier Li Keqiang's Government Work Report(Excerpt)

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

China Economy China Policy 2022-03-07

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.

China Economy China Policy 2022-02-24

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.

2022-01-27

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.

ECF China Shale Oil China Shale Gas ECF Weekly 2021-12-05

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

China Environmental Protection China Energy 2021-12-01

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 Crude Futures China Policy 2021-11-15

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.

China Emissions China Policy 2021-11-11