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Shanghai Daily,上海日报

Energy


Shining example of green energy

Light bounces off solar mirrors at the Noor 1 Concentrated Solar Power Plant, about 20 kilometers outside the Moroccan town of Ouarzazate. Noor 1 is one of the world’s biggest solar plants and the first stage of a project designed to boost renewable energy production in the country. ...

February 6, 2016, Saturday


Chinese utility firm buys EEW

BEIJING Enterprises, a Chinese public utilities provider, is to acquire German energy group EEW for 1.44 billion euros (US$1.6 billion) in one of the biggest-ever direct investments by China in Germany, ...

February 5, 2016, Friday


BP tumbles to worst annual loss in over 20 years

BP slumped to its worst annual loss in over 20 years in 2015, the British oil and gas company reported yesterday, and said it would cut thousands more jobs in the face of a deep rout in oil prices....

February 3, 2016, Wednesday


Imports account for over 60% of domestic oil consumption

China’s dependence on foreign oil broke the 60 percent mark for the first time last year, according to a report by China National Petroleum Corp....

January 27, 2016, Wednesday


Power deals in Egypt

Shanghai Electric signed a five-year contract to build six thermal power units for Egyptian Electric Holding Co, the state-owned energy equipment manufacturer said yesterday....

January 26, 2016, Tuesday


Jump in rare earth deals

AROUND 227,000 tons of rare earth products were bought and sold through China’s first national rare earth trading platform in 2015, up more than fivefold from the amount in its inaugural year of 2014. ...

January 21, 2016, Thursday


CNOOC to cut output as oil prices fall

Chinese energy giant CNOOC has cut its targeted output for 2016, the first in over a decade, as fears grow over the health of the Chinese economy and plunging oil prices....

January 21, 2016, Thursday


China to get Chevron’s Aussie LNG

US-based Chevron Corp plans to supply liquefied natural gas from its Australian Gorgon project — the world’s most expensive — to China after signing a preliminary agreement with ENN Energy Holdings Lt...

January 20, 2016, Wednesday


ChemChina buys stake in trader

China National Chemical Corp yesterday said it had bought a 12 percent stake in Swiss energy and commodities trader Mercuria, the second overseas investment by the Chinese state giant in a week....

January 19, 2016, Tuesday


OPEC expects ‘rebalancing process’

OPEC said yesterday that it expects a “rebalancing process” to begin in 2016 as the sharp fall in the oil price causes production from non-cartel competitors such as the US to fall after seven years of...

January 19, 2016, Tuesday




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