HARBIN - Daqing Oilfield Co Ltd, a subsidiary of China's largest oil producer PetroChina, has produced around 21.59 million tons of oil equivalent in the first half of 2019.The oilfield's domestic facilities churned out about 15.48 million tons of crude oil and around 2.3 billion cubic meters of natural gas during the period.In recent years, the firm has been seeking to increase its natural gas output with rising difficulties in extracting crude oil at its main production base, Daqing Oilfield.The firm has seen a sustained growth of its domestic market share while its overseas market share ste...
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BEIJING - China has been active in the deployment of solar photovoltaic or PV power generation, a fast-growing renewable energy technology in the world, and has been reducing subsidies in the sector as the technology's commercial maturity deepened in recent years.In the latest move, China has implemented a new 'subsidy bidding' mechanism in the solar PV sector, with subsidies lower than market expectations.The National Energy Administration on July 11 announced the results of state subsidy bidding for PV power generation projects in 2019.A total of 3,921 projects will be included in the state ...
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RIO DE JANEIRO, Jul. 30 (Xinhua) -- Brazil is on its way to become one of the world's leading oil producers, said Felipe Kury, the director of the National Petroleum Agency (ANP) on Tuesday.Kury made the remarks at a technical seminar here when he commented on the new oil auctions, saying the country is going through an 'incredible moment' and that there is a concrete chance for the country to become a leading producer.ANP intends to carry out two more auctions this year, said Kury, adding that 72 exploration areas auctioned are a 'significant demonstration of the resumption of Brazil's oil ex...
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