Russia will take full control of Sakhalin 2 oil and gas project--Seetao

[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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2026.07.21 09:09
[The total crude oil production of Bayan Oilfield has exceeded 6 million tons]
On July 19, 2026, the total crude oil production of Bayan Oilfield located in Bayannur, Inner Mongolia exceeded 6 million tons. This is the second time in just 7 months to cross the million ton milestone, following the breakthrough of 5 million tons in December 2025.Editor/Gong Ziwei

2026.07.21 09:06
[China Huaneng Intelligent Operation and Maintenance Scene Debuts at WAIC 2026]
On July 17, 2026, WAIC 2026 opened in Shanghai. On the afternoon of July 17, 2026, the State owned Assets Supervision and Administration Commission of the State Council held a forum on the high-quality development of artificial intelligence for intelligent empowerment, new quality, and comprehensive revitalization enterprises, and released excellent achievements in the strategic high-value scenarios of artificial intelligence for central enterprises in Baiye Zhijing and the high-quality dataset of industries for central enterprises in Baiye Zhishu. China Huaneng Group Co., Ltd.'s open-pit mine unmanned electric mining truck intelligent green fusion transportation scenario, large-scale wind turbine fault intelligent warning and maintenance decision-making scenario, two high-value scenario cases, and thermal power intelligent operation and maintenance multimodal dataset were successfully selected as excellent results of a high-quality dataset.Editor/Gong Ziwei