8.9 C
Beijing
Tuesday, February 17, 2026

L’Oréal’s Q4 Sales Growth Slows, Missing Expectations Amidst Asian Weakness

L'Oréal's fourth-quarter sales growth of 6% missed expectations, impacted by its luxury division and weakness in Asia, despite strong performance in North America and Europe.

Zhipu AI’s GLM-5 Arrives: A New Challenger in the Global AI Arena

Zhipu AI launches its new flagship model, GLM-5, featuring advanced coding and agentic capabilities, challenging global AI leaders and emphasizing China's growing role in AI development.

Safran Soars: Aerospace Giant Boosts 2028 Targets on Strong Aftermarket and Defense Performance

French aerospace firm Safran raises its 2028 financial outlook significantly, driven by strong civil engine aftermarket demand and robust defense sector performance in its latest fiscal year.

CNOOC Completes Construction of All 35 Process Modules for Shell-Led LNG Canada Project

BusinessCNOOC Completes Construction of All 35 Process Modules for Shell-Led LNG Canada Project

China National Offshore Oil Corp (CNOOC), the country’s largest offshore oil and gas driller, has announced the completion of construction on all 35 process modules for Shell-led LNG Canada in East China’s Shandong province. CNOOC has delivered the last two modules, which will be transported to British Columbia, Canada for installation at the project site.

The project, which is the first in the world to achieve integrated construction of core process modules and pipe gallery modules, showcases China’s technical capabilities in integrated joint construction of super-sized LNG modular plants. The success of the construction, which adopts integrated construction solutions, demonstrates that China’s expertise in this area ranks among the best in the world.

The first phase of the project involves constructing two liquefaction trains with a capacity of 14 million metric tons per year. Once completed, it will supply high-quality clean energy to Asia.

The project is part of Shell’s broader LNG strategy, which includes the development of LNG Canada in British Columbia. The company expects the demand for LNG to continue to grow as more countries transition to cleaner energy sources. The LNG Canada project will help to meet this demand by providing a reliable and sustainable source of LNG to global markets.

CNOOC’s completion of construction on all 35 process modules for LNG Canada is a significant achievement for China’s energy sector. It highlights the country’s commitment to developing its natural resources and expertise in the energy industry. With the demand for LNG continuing to grow, CNOOC’s success in this area positions China as a key player in the global LNG market.

Check out our other content

Check out other tags:

Most Popular Articles