China has approved several new hydropower projects recently, in a sign that the government is speeding up development of clean energy.
China Petroleum and Chemical Corporation (Sinopec), the nation's largest oil refiner, has forecast increasing domestic demand for oil.
Experts and industry insiders have called for more cooperation in the petrochemical industry between the Chinese mainland and Taiwan.
India's GMR Group said on Sunday it has agreed to divest its 50 percent stake in US-based power utility InterGen to China Huaneng Group for $1.23 billion to focus more on the Indian market.
China National Offshore Oil Company Limited (CNOOC) said Sunday Bridas Corporation, a joint-venture equally-owned by CNOOC International Limited and Argentina-based Bridas Energy Holdings (BEH), will acquire a 60 percent equity interest in Pan American Energy (PAE) from BP for approximately $7.06 billion.
The National Development and Reform Commission (NDRC), China's economic planner and price regulator, said Friday it has asked local governments to crack down on some gas stations selling diesel above the State-set prices.
CNOOC, China's largest offshore oil producer, said new energy will account for 40 to 50 percent of the company's total energy produced during the 12th Five-Year Plan period (2011-2015).
Global power conglomerates are shaping their new strategy in the world's fastest-growing green economy as China lays out its economic guidelines for the 12th Five-Year Plan (2011-2015).
China, which has the world's greatest number of nuclear power plants under construction at present, will have no problems finding enough staff to operate the facilities, according to industry insiders.
China will potentially build 11 more gas reserve bases to reinforce the country's natural gas supply, the 21st Century Business Herald reported Wednesday.
Shanghai Petroleum Exchange (SPE), China's first stock exchange for the trade of oil products, will open the country's first electronic trading platform for natural gas and liquefied gas, 21st Century Business Herald reported Thursday.
State-owned China National Petroleum Corp (CNPC) plans to quadruple annual natural gas supplies to central Hubei province to 6 billion cubic metres (bcm) by 2015, a company newspaper reported on Thursday.
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