[We will invest more than 1 trillion yuan in water conservancy by 2022]On Nov 16, the Ministry of Water Resources held a press conference on the progress and achievements of water conservancy infrastructure construction from January to October 2022. Liu Weiping, vice minister of Water resources, said that from January to October, China invested 1100.6 billion yuan in water conservancy construction, up 53 percent year on year. China's investment in water conservancy projects reached 921.1 billion yuan, up 63.3 percent year on year. Editor/Xu Shengpeng
On June 23, 2026, the Fujin New Energy Grid Load Storage Integrated Wind Power Project under Zhongfu Industrial started construction in Gongyi, with a total investment of 407 million yuan, an installed capacity of 87.5 MW, an annual power generation of 180 million kilowatt hours, and a reduction of approximately 149300 tons of carbon dioxide emissions. The company has completed a 500000 ton green hydroelectric aluminum project, with 75% of its electrolytic capacity achieving green electricity substitution and an annual emission reduction of 5 million tons, ranking among the top in the industry in terms of carbon footprint. Editor/Cheng Liting
The evaluation well drilled by Norwegian Wells Oil Company under license No. 1148 confirms the discovery of natural gas condensate oil in the North Sea, with recoverable reserves ranging from 3.4 million to 17 million standard cubic meters of oil equivalent. The well is located about 25 kilometers northwest of the Troll oil field, with a water depth of 365 meters, and is related to the evaluation of the Carmen oil field. The partners include DNO, Equinor, and Aker BP, and will explore the use of existing infrastructure to develop the oil field in the future. Editor/Cheng Liting