China plans to have « clean energy » account for 15 percent of its total consumption under a 10-year renewable energy promotion program soon to be made public, a state-run newspaper cites the head of the country’s National Energy Administration as saying, reported AP.
The government will spend billions of dollars on building nuclear and solar power plants, [...]

China National Offshore Oil Corp may pay up to $2.5 billion for Ugandan assets owned by Heritage Oil Plc, reported Monday’s Reuters.
The sale process for the oil fields, which executives say contain around 2 billion barrels of oil, has been a competitive process between British, Italian and Chinese oil majors.
On Friday, Italy’s Eni SpA pulled [...]

Australian miner Resourcehouse said Saturday it had signed a $60 billion coal deal with China, describing it as the country’s « biggest-ever export contract », reported AFP.
Resourcehouse chairman Clive Palmer said the company had negotiated a 20-year agreement to supply China Power International Development (CPI) with 30 million tonnes of coal per year from a proposed mine [...]