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China's first offshore CO2 storage project officially launched 07 September 2021

On August 28, China National Offshore Oil Corporation (CNOOC) announced that China’s first offshore carbon dioxide storage demonstration project was officially launched, which will permanently store more than 1.46 million tons of carbon dioxide in the submarine reservoirs of the South China Sea....

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CNOOC to increase new energy investment 01 September 2021

At CNOOC's financial results conference for the first half of 2021, Chairman Wang Dongjin announced the latest development plan for new energy investment. CNOOC expects that during the entire ‘14th Five-Year Plan’ period (2021-2025), investment in the field of renewable energy will reach 5%-10% of total investment. CNOOC's goal is to generate at least 50% of its profits from new energy investments by 2050....

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China to have more than 30 million kilowatts of new energy storage capacity by 2025 02 August 2021

According to China's National Development and Reform Commission, in order to achieve peak carbon neutrality and strive to build a clean, low-carbon, safe and efficient energy system, the National Development and Reform Commission and the National Energy Administration have issued guidance on accelerating the development of new energy storage....

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China to continue increasing investment as it looks to discover new oil and gas fields 28 July 2021

On July 15, the National Energy Administration of China met in Beijing and decided to vigorously increase the intensity of oil and gas exploration and development during 2021. During the meeting, it was pointed out that in the past three years, China's crude oil production has achieved a steady increase, while natural gas production has increased rapidly, consolidating the trend of stable oil and gas growth....

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Floating wind power model developed by the CHN Energy Group is officially launched 20 July 2021

Recently, the world's first floating wind power integrated cage aquaculture demonstration prototype test model, developed by the CHN Energy Group, was officially launched in the Ocean Engineering Laboratory of Shanghai Jiaotong University, marking the official entry of the project into the model test stage....

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