[Russia will take full control of Sakhalin 2 oil and gas project] Russian state-owned Gazprom will retain its 50% plus 1 stake in the Sakhalin-2 project, while its foreign partners Shell (27.5%), Mitsui (12.5%) and Mitsubishi (10%) are expected to give up their stakes in Sakhalin-2 stake in the project. The economic impact of the ongoing war in Ukraine. Editor/Xing Wentao

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• 2026.06.24 17:12
• [CIMC Raffles signs overseas new shipbuilding contract]
• CIMC Raffles and Norwegian Dutch joint venture companies have signed a contract to build a new generation of deep-water multifunctional offshore installation ships, and the project has entered the implementation stage. The vessel was built at Haiyang Base in Shandong Province, with a length of 132.6 meters and a width of 32 meters. It has a capacity of 100 people and a maximum operating depth of 4000 meters. It is equipped with multiple professional operating equipment and meets the methanol reservation and DP2 power positioning standards. It is classified as DNV. The joint venture company is jointly owned by Solstad and SBM, and the ship will be operated by the Norwegian side after delivery, with the Dutch side enjoying priority use rights. This signing highlights the strong international competitiveness of Chinese offshore shipbuilding enterprises.Editor/Gong Ziwei

• 2026.06.24 17:07
• [New breakthrough in new energy development in Nyingchi, Xizang]
• On June 23, 2026, a press conference was held in Lhasa on the high-quality development achievements of Linzhi City, Xizang during the 14th Five Year Plan period and the planning work during the 15th Five Year Plan period. At the meeting, it was introduced that the total installed capacity of clean energy in the city has increased from 356800 kilowatts to 450800 kilowatts by 2025, and the installed capacity of hydropower under construction has reached 4.9292 million kilowatts, achieving zero breakthrough in the large-scale development and application of new energy.Editor/Gong Ziwei