By Winnie Zhu
Jan. 14 (Bloomberg) — China, the world’s second-biggest energy user, cut fuel prices for the second time in a month to reflect the decline in global oil prices and reduce costs for factories as the economy slows.
The gasoline price will be reduced by 140 yuan ($20.5) a metric ton, or 2 percent, and [...]
SHANGHAI, Dec. 29 (UPI) — Work began near Shanghai on one of two new nuclear generating units.
The two units are planned as an addition to the first phase of the Qinshan nuclear power plant in Fangjiashan, Haiyan, on the northern coast of Hangzhou Bay, Zhejiang province, near Shanghai.
According to Xinhua news agency, the plant is [...]
BEIJING – China’s official Xinhua News Agency says 18 miners are trapped after a coal mine blast in central China.
Xinhua said the blast happened Wednesday afterenoon in Lianyuan city in Hunan province and that rescuers were trying to contact the trapped miners.
It said in its report Thursday that 32 miners were working at the time [...]
By Shigeru Sato and Yuji Okada
Dec. 8 (Bloomberg) — Crude oil rebounded from six days of declines as OPEC’s president said the group may make a “significant” output reduction and U.S. President-elect Barack Obama pledged the biggest public works program in about 50 years.
A “severe” cut may be needed to halt the more than [...]
Xinhua News Agency
Malaysia will invest US $5 to $6 billion in Iran’s gas fields, according to the cooperation memoranda of understanding (MOU)s that the two sides signed on Monday, Iran’s satellite press TV reported Tuesday.
“Malaysia will invest $5 to $6 billion via buy-back contracts in two Iranian gas fields (Ferdous and [...]
BEIJING, Nov 30 (Reuters) - China’s top coal-producing province, Shanxi, will embark on a programme to create several giant mining groups as it continues shutting small mines, state media reported on Sunday.
Shanxi, in the country’s north, has been plagued by deadly accidents in smaller mines, and the provincial government has announced plans to shut them [...]
Xinhua News Agency Tuesday, November 04, 2008
A Chinese government delegation, escorting four rescued Chinese oil workers and the remains of another five who were killed by Sudanese militants after being kidnapped, have left Sudan and will return to China on Nov. 5.
The Sudanese government held a send-off ceremony for [...]
Ecuador has signed an agreement with Brazil’s state-owned oil and gas firm Petrobras to change a valid participation contract into one of service providing, Ecuadorian Mine and Oil Minister Derlis Palacios said Friday.
The amended contract will sharply raise Ecuador’s oil royalties from fields that produce 32,000 barrels per day — from 67 percent to 81 [...]
The world’s largest oil company Exxon Mobil Corp. and Japan’s largest explorer Inpex Corp. pledged a total investment of at least 144.5 million U.S. dollars in new blocks in Indonesia over the next three years, with their newly won exploration rights, an official was quoted by the Jakarta Post as saying on Saturday.
The two companies [...]
BEIJING: China will build a further 150,000 km (93,000 miles) of oil and gas pipelines in the next 12 years, the official Xinhua news agency said on Sunday, as the energy-hungry nation looks to guarantee supplies.
China has already built pipelines to bring gas from its far western region of Xinjiang to its booming coast, and [...]
