Latest news
China’s dream about U.S. shale gas success still evanescent
China is hoping that shale gas could change country’s energetic fate in the same way as the U.S., though the nation is facing many challenges, including lack of experience and too little shale gas commercial production, according to industry experts. This came despite the government’s estimations putting shale gas reserves at 25 trillion cubic meters.
read more... 25/04/2013
Daily: Brent crude hovers around $100 on pessimistic data from China, Europe
Brent crude oil decreased on Tuesday as a result of weak manufacturing data in China and Europe, but settled above $100 a barrel for a second consecutive day, getting some support from strong gains in U.S. equity markets.
read more... 24/04/2013
Bright future for wind power in China
China's National Energy Administration has recently announced that China is to approve 27.9 GW of new wind power projects. Sichuan’s provincial government plans to focus on the development of renewable energy, giving more weight on wind.
read more... 22/04/2013
Daily: German power curve at new lows after CO2 draft rejection
Brent crude dropped below $100 a barrel for the first time in nine months in heavy trading on Tuesday, extending losses, dragged down by data from China and the U.S. that indicated weak growth in global oil demand.
read more... 17/04/2013
China Wind Power and CNNC Rich Energy to add 700 MW of wind and solar projects by 2015
China Wind Power Group Ltd and CNNC Rich Energy have signed a strategic cooperation to invest in wind and solar energy projects with a target of some 700 MW by 2015. The two companies will jointly finance and develop 100 MW of renewable energy projects in 2013, a mix of solar and wind, and are targeting 200 MW of solar and 500 MW of wind projects in the next two years.
read more... 16/04/2013