China will finish its first deep-sea drilling rig, with a maximum working depth of three kilometers, by 2011, according to China National Offshore Oil Corp. (CNOOC). The maximum drilling depth will eventually reach twelve kilometers, which means it will be able operate in deep-water regions in the South China Sea, Southeast Asia, Gulf of Mexico and West Africa. The project, with a total investment of 4.5 billion yuan (599 million US dollars), will be carried out by the Shanghai Waigaoqiao Shipbuilding Co. under the China State Shipbuilding Corporation.

Construction is expected to start by the end of the year on a massive below-ground garbage incinerator plant that will also generate electricity for Guangzhou, the capital of South China's Guangdong Province. At a cost of 970 million yuan (US$125 million), the Likeng Garbage Incineration Power Plant will be able to incinerate more than 2,000 tons of domestic waste per day, almost one fifth of the city's total. It will be also capable of generating 200 million kWh of electricity a year. The plant will be put into production by June 2009. The project will adopt Danish clean garbage power transforming technology to reduce waste gas emissions.

Chinese oil giant CNOOC Ltd. has opened its first gas station in southern China's Guangdong Province. The station, in Huizhou City, covers 8,000 square meters, and the company has selected locations for 30 more stations and already received approval to open 20 of them in the city. The retail gasoline market is dominated by China's biggest oil companies, PetroChina Ltd and Sinopec Ltd, each of which has chains of hundreds of filling stations throughout the country.