SOEs News

First China-Made 24,000 TEU Container Ship Launched, World's Largest

2022-01-18

The world's largest container ship, with a capacity of 24,000 TEU, the first of its kind made by China, was launched at the No. 1 dock of Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.'s Changxing Base on Dec 29, 2021.

SASAC: Goals of 3-Year Action Plan to be 'Fully Achieved'

2022-01-18

China's centrally administered State-owned enterprises should accelerate steps to push forward mixed-ownership reform, make breakthroughs in key and core technologies and promote digital transformation, as the main task of the three-year (2020-22) action plan for SOEs is expected to be finished in the first half, the country's top State-asset regulator said.

CNOOC: Offshore to Drive Growth of Oil and Gas

2022-01-17

Growth in the oil and gas sector will come mostly from offshore in China, which is expected to become an important energy growth driver for the years to come, said a report released on Friday by China National Offshore Oil Corp.

Daily Output of Natural Gas in China's Largest Oil-and-Gas Field Sets New Record

2022-01-17

The daily production of natural gas in Changqing Oilfield, China's largest oil-and-gas field, has reached more than 150 million cubic meters, accounting for one-seventh of the country's total daily use of natural gas during the peak of winter.

World's First 100-MW Decentralized-Controlled Energy Storage Station Starts Operation

2022-01-17

The 100-megawatt to 200-megawatt-hour independent energy storage station developed by China Huaneng Group Co., Ltd. (China Huaneng) was connected to the power grid on Dec 29, 2021, beginning operation of the world's first 100-MW decentralized-controlled energy storage station.

Petrochina Expects Stellar 2021 Profits

2022-01-14

Petrochina Co Ltd said on Jan 12, 2022, that its preliminary net income for 2021 rose by between 374 percent and 395 percent year-on-year as oil and gas prices surged.

CNOOC crude output soars at Bohai Oilfield

2022-01-13

China's largest oilfield, located in Bohai Bay, has produced more than 30 million tons of crude oil in 2021, contributing to half of the country's crude oil output increase last year, according to its operator China National Offshore Oil Corp, the country's top offshore oil and gas driller.

CNOOC Set to Ramp up Exploration

2022-01-13

China National Offshore Oil Corp, the country's top offshore oil and gas driller, plans to ramp up exploration investment this year with a batch of oil and gas fields coming on stream.

Pumped Storage Power Station with World's Highest Rated Head Breaks Ground

2022-01-12

The Tiantai Pumped Storage Power Station in East China's Zhejiang Province, with the world's highest rated head of its kind, broke ground on Dec 28.

Wudongde Hydropower Station Generates 38.9 B KWh of Power in 2021

2022-01-12

China's Wudongde hydropower station had generated 38.91 billion kilowatt-hours of electricity by 4:15 pm Dec 30, 2021, reaching its designed annual power generation capacity.

China's Largest Thermal Power Project under Construction Starts Operation

2022-01-11

Located in the Shanghaimiao energy-chemical industry base in Ordos of the Otog Front Banner of Inner Mongolia, the newly-operational generator unit is part of the 4×1,000-megawatt ultra-supercritical indirect air cooling thermal power generation project.

New Nuclear Island of Hualong One Technology Breaks Ground

2022-01-11

The nuclear island of the No. 4 generator unit at the second phase of the Changjiang Nuclear Power Plant in South China's Hainan Province broke ground on Dec 28.