Miscellaneous News

Sardaukar20

Sardaukar20

Captain
Registered Member
Please, Log in or Register to view URLs content!

More good news for China. Now China can produce its own Oil & Gas 'Christmas Tree'. These are gigantic valves installed on wellheads deep under the sea.
China's first domestically developed subsea Christmas tree for oil drilling was recently installed and officially put into operation in the South China Sea, breaking the long-term monopoly of foreign products in this field, the Global Times learned from its developer on Monday.
Click to expand...
According to a statement the China State Shipbuilding Corporation sent to the Global Times, the corporation's subsidiary company, Chongqing Qianwei Technologies Group, has successfully installed the subsea Christmas tree in the Yingge Sea, South China's Hainan Province, marking an important step in the country's deep-water oil and gas exploration.
Click to expand...
Previously, subsea Christmas tree technology had been monopolized by companies from European and American countries, which held about 90 percent of the market
Click to expand...

Along with this Christmas Tree. China can produce its own: 1000MW nuclear reactors, 24000 TEU container ship, C919 jet liner, Space Station, Supercarrier, etc.

Unlike India, China works more and talks less. Hence China always come up with ground-breaking surprises. While India always gets surprised by China, and then announces some Jai Hind projects to save its ego.
 
FairAndUnbiased

FairAndUnbiased

Brigadier
Registered Member
Sardaukar20 said:
Please, Log in or Register to view URLs content!

More good news for China. Now China can produce its own Oil & Gas 'Christmas Tree'. These are gigantic valves installed on wellheads deep under the sea.




Along with this Christmas Tree. China can produce its own: 1000MW nuclear reactors, 24000 TEU container ship, C919 jet liner, Space Station, Supercarrier, etc.

Unlike India, China works more and talks less. Hence China always come up with ground-breaking surprises. While India always gets surprised by China, and then announces some Jai Hind projects to save its ego.
Click to expand...
Not just that, most new reactors in the world are either Chinese or Russian designed.

Please, Log in or Register to view URLs content!

The oil/gas Christmas tree along with scientific instruments like GCs and ICPs being exported to Russia would allow it to maintain oil/gas dominance regardless of what certain adversaries do.
 
R

Rettam Stacf

Junior Member
Registered Member
Sardaukar20 said:
Please, Log in or Register to view URLs content!

You can kinda feel that the USD's days are numbered when Australia is starting to sell iron ore to China in Yuan.
Click to expand...

Can't decide for myself whether this is beneficial or not to China.

Theoretical, China needs to reduce her US$, £ and € holding given what happened to Russia after the Ukraine conflict. So China should sell more using Yuan for settlement and buy more using Western currencies to reduce her holding.
 
A

Andy1974

Senior Member
Registered Member
Rettam Stacf said:
Can't decide for myself whether this is beneficial or not to China.

Theoretical, China needs to reduce her US$, £ and € holding given what happened to Russia after the Ukraine conflict. So China should sell more using Yuan for settlement and buy more using Western currencies to reduce her holding.
Click to expand...
It’s good. 100%. China has eliminated spot iron exchange rate risks with this move. I think Spot Oil will be coming soon.
 
P

pakje

Junior Member
Registered Member
Sardaukar20 said:
Please, Log in or Register to view URLs content!

More good news for China. Now China can produce its own Oil & Gas 'Christmas Tree'. These are gigantic valves installed on wellheads deep under the sea.




Along with this Christmas Tree. China can produce its own: 1000MW nuclear reactors, 24000 TEU container ship, C919 jet liner, Space Station, Supercarrier, etc.

Unlike India, China works more and talks less. Hence China always come up with ground-breaking surprises. While India always gets surprised by China, and then announces some Jai Hind projects to save its ego.
Click to expand...

How is china doing with gas turbines?
 
A

AndrewS

Brigadier
Registered Member
Rettam Stacf said:
Can't decide for myself whether this is beneficial or not to China.

Theoretical, China needs to reduce her US$, £ and € holding given what happened to Russia after the Ukraine conflict. So China should sell more using Yuan for settlement and buy more using Western currencies to reduce her holding.
Click to expand...

It should be beneficial for China. Overall, you would expect BHP China to hold more RMB at any time, if only because converting from RMB to USD/AUD takes time.

Plus it will encourage other markets and other supplies to transact in RMB.
 
A

AndrewS

Brigadier
Registered Member
FairAndUnbiased said:
Not just that, most new reactors in the world are either Chinese or Russian designed.

Please, Log in or Register to view URLs content!

The oil/gas Christmas tree along with scientific instruments like GCs and ICPs being exported to Russia would allow it to maintain oil/gas dominance regardless of what certain adversaries do.
Click to expand...

The last time I looked, China was planning on 10 reactors per year for the next 15 years.

And given the situation with Russia sanctions, I suspect Russian reactor production will drop to near-zero.
 
You must log in or register to reply here.
Top