Tag: china

China’s lacustrine shale oil demonstration zone surpasses 5 million tons

CNPC’s Jimsar Shale Oil Demonstration Zone in Xinjiang has produced over 5 million tonnes of oil, setting records in drilling speed and automation. It marks China’s progress in ultra-deep shale oil extraction and digital oilfield operations.

DM Shipping books chemical tanker newbuilds at New Jiangzhou Shipyard

DM Shipping orders three 33,000 DWT duplex stainless steel chemical tankers from New Jiangzhou Shipyard in China, advancing its fleet with methanol-fuel-ready, next-generation vessels.

Sustainable, Visible, Effective

Butting Tieling site in China transitions to electric forklifts and expands photovoltaic systems, pushing forward sustainable industrial operations.

SMS group supplies open-die forging press to Jiuli Yongxing in China

Jiuli Yongxing has ordered a 63/71 MN open-die forging press from SMS group for its new Huzhou facility. The advanced press will enhance production of high-alloy stainless steels and nickel-based products for aerospace, energy, and petrochemical sectors.

Primetals Technologies to supply thick-slab continuous caster

rimetals Technologies Supplying a thick-slab caster upgrade in China, boosting slab capacity to 1.9M tons/year for high-end applications.

Wanhua Chemical signs a joint venture agreement with PIC

PIC has invested USD 638 million for a 25% stake in Wanhua Chemical (Yantai), marking a key step in their strategic partnership to boost global petrochemical collaboration.

Taiwan extends anti-dumping duty on China & South Korea

Taiwan will maintain anti-dumping duties on stainless steel from China and South Korea for five years. 

CNOOC Limited achieves breakthrough in the exploration of Buried Hills

CNOOC discovered oil and gas in the Beibu Gulf, with the Weizhou 10-5 well yielding 13.2 million cubic feet of gas and 800 barrels of oil daily, expanding China’s offshore energy resources.

CAPITAL expands fleet with two LNG-ready tankers

Capital Ship Management has expanded its fleet with two LNG-ready crude oil/product carriers built by New Times Shipbuilding in China. The vessels are IMO EEDI Phase III compliant and feature advanced energy efficiency systems.

Hubei Jinyu New Energy Shipbuilding signs a major contract

A new industrial park will focus on smart and new energy shipbuilding, creating 30,000 jobs and generating RMB 1bn in tax revenue.