ADD: China's oil monopolies pursue their profit interest. In case you thought the PRC had gone all out to get away from oil energy, check out what a "commanding heights" state-owned corporation is doing.
- - - - - - China's CNOOC discovers 100 million ton oilfield in Bohai Sea Reuters, March 18, 2024 March 18 - China's CNOOC Ltd has made a major oilfield discovery in the Bohai Sea, adding over 100 million tons of oil equivalent proved in-place volume, the state-owned oil and gas giant said on Monday. Earlier in the month, CNOOC announced the discovery of a new reserve in the South China Sea, which contains over 100 million tons of oil equivalent proved in-place. The announcements come as CNOOC invests heavily in the offshore oil and gas reserves to offset declining output from aging onshore fields. The oil and gas giant in January raised its 2024 production target by about 8% to a record 700 million to 720 million barrels of oil equivalent, citing higher annual capital spending >From >https://www.reuters.com/business/energy/chinas-cnooc-discovers-100-million-ton-oilfield-bohai-sea-2024-03-18/ -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#29527): https://groups.io/g/marxmail/message/29527 Mute This Topic: https://groups.io/mt/105008759/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
