Among the 10 most profitable companies in the world based on 2008 data, energy companies occupy the top six spots. Two of the companies on that list (GazProm and PetroChina) are from emerging markets, with the rest being the usual Western energy giants. The emergence [...]
On December 14, 2009, an inauguration took place that deserves more attention than it received because it marks an economic power shift to the benefit of three Central Asian countries and China and to the detriment of Russia. The presidents of China - Hu Jintao, Turkmenistan - Gurlanguly Berdymukhamedov, Kazakhstan [...]
The Beijing-based company is losing more than 4.5 million yuan ($660,000) a day because of the closure, parent China National Petroleum Corp. [...]
By 2013, Shanghai, Guangzhou and Hong Kong will be cruising [...]
"We will work only with those who" [...]
The State Council energy department and the state power regulatory agency should supervise the purchases, said the draft amendment to the Renewable Energy Law, which was [...]
China's reserves of rare metals including tungsten, [...]
World powers are discussing next steps toward Iran if it fails to meet a year-end deadline for addressing international concern over its nuclear program, the White House and State Department said Tuesday.
Top officials from the "P5 plus one" -- permanent United Nations Security Council members Britain, China, France, Russia and [...]
As the OPEC meeting concluded in Angola we found two take aways from the event: Asian demand is strong and $70 is the new floor in oil prices.
Demand from Asia (China) has been stronger than expected, while OECD demand has not climbed as much as expected. [...]
China BAK Battery, Inc., one of the largest lithium-ion battery cell manufacturers as measured by production output, has begun to execute a contract with Jilin Hi-tech Electric Vehicle Co., Ltd, an affiliated company of First Automobile Group Co., Ltd, one of the largest automobile manufacturers in China, to provide [...]
Iraqi oil minister Hussain al-Shahristani told Reuters the supply target on Tuesday on [...]
Commercial Aircraft Corporation of China (COMAC) has selected the LEAP-X1C engine from CFM International—the 50/50 venture between GE and SAFRAN Group—as the sole Western jet engine to launch its new C919 150-passenger single-aisle aircraft, due to enter service in 2016. COMAC forecasts a potential market of more than [...]
Beijings crash program for clean energy.
On March 3, 1986, four of Chinas top weapons scientistseach a veteran of the missile and space programssent a private letter to Deng Xiaoping, the leader of the country. Their letter was a warning: Decades of relentless focus on militarization had crippled the countrys civilian [...]
Here are key points from the agreement, which is titled "Copenhagen Accord." [...]
Xinhua. PetroChina expects that its Changqing oilfield—currently the country’s third-largest—will post an annual growth of 24 percent in oil and gas output this year.
By Dec. 19, the oil and gas equivalent production at Changqing had exceeded 30 million tonnes, and the figure would reach 31 million by the [...]
"The gasoline price is so expensive now. I have to tighten my belt," she said, adding that she has to pay around 1,000 yuan to buy fuel every month. [...]
The UN Climate Change Conference ended in failure. The last-minute accord negotiated by the US, China, India, Brazil and South Africa, after most world leaders had left on December 18, was in no way binding. It was, in the words of The Independent, a British newspaper, [...]
UN Secretary General Ban Ki-moon has welcomed a US-backed climate deal in Copenhagen as an "essential beginning".
But he said the accord, reached with key nations including China and Brazil, must be made legally binding next year. [...]
China automaker Geely Group has signed a global strategic cooperation agreement with Johnson Controls. Johnson Controls will provide a range of auto parts to Geely, and the two will cooperate in the clean energy sector in unspecified areas.
Geely is in the process off consolidating its supplier base, and [...]
“Domestic demand for coking coal will rise moderately next year, while global demand may gain faster, [...]
Cyclone Power Technologies Inc. has completed a License Agreement with Great Wall Alternative Power Systems Ltd. to advance the development and production of Cyclone’s Schoell Cycle heat-regenerative external combustion engines for the China market.
Under the terms of the License, Great Wall Alternative Power Systems (GWAPS) will develop in China [...]
A deal at the UN climate summit looks more likely following a frantic day of behind the scenes diplomacy.
China signalled concessions on monitoring of emission curbs, and the US said it would commit money for developing countries. [...]
China said on Thursday a U.S. pledge to mobilize $100 billion a year in climate funds was a "good step," and signaled Beijing was seeking compromise with Washington on its demand for checks on Chinese emissions curbs.
But Vice Foreign Minister He Yafei, bearing a message from Premier Wen Jiabao, warned [...]
