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China's 300-meter deepwater jacket Haiji-1 has been successfully installed and accurately positioned at sea in south China.

The Haiji-1 deepwater jacket measures 302 meters in total height and 30,000 tonnes in weight, and this is the first time for China to install a fixed jacket in a water depth of nearly 300 meters.

The International Energy Agency (IEA) announced on Thursday that its members will release 120 million barrels of crude oil reserves over the next six months, in the face of the global energy shortage caused by the conflict in Ukraine.

The Fuling shale gas field in southwest China's Chongqing Municipality produced over 1.8 billion cubic meters of natural gas in the first quarter of 2022, up 1.67 percent year on year, according to Sinopec, the developer and China's largest oil refiner.

China's largest oil-and-gas field, Changqing oilfield, had produced over 17.7 billion cubic meters of natural gas during this winter heating season, statistics as of March 15 showed.

Photo taken on Dec. 10, 2021 shows the Nanliang operation area of Changqing oilfield in northwest China's Gansu Province. [Photo/Xinhua]

As China's largest natural gas production base, the oilfield supplies natural gas to more than 40 major cities, including Beijing and Tianjin. For four consecutive years, its daily gas output during winter peak supply has maintained an increase of 10 million cubic meters.

During the latest heating season, Changqing oilfield also offered sufficient natural gas supplies to the Olympic Villages in the three competition areas of the Beijing Winter Olympics and relevant hotels.

Over the past 25 years, Changqing oilfield has supplied more than 520 billion cubic meters of natural gas, equivalent to the total calorific value of power generated by the Three Gorges Hydroelectric Power Station on China's Yangtze River in 40 years.

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With the rapid worldwide development of new energy vehicles, demand for lithium has been soaring. Chinese companies, like their global peers, have been scrambling to accumulate bigger reserves of core raw minerals in recent years in order to lower the high cost of NEVs.

BEIJING - China's gold reserves have grown every year for 15 consecutive years, reaching 14,727.16 tons by 2020, according to a yearbook issued by China Gold Association.

BEIJING - China's 25 leading excavator makers sold a total of 241,178 excavators in the first seven months, rising by 27.2 percent year-on-year, data from the China Construction Machinery Association showed.

China's nonferrous metal sector saw a robust expansion in the first half of this year, with the profits of major nonferrous metal firms hitting a record high, industry data showed.