BEIJING–China National Offshore Oil Corp., known as Cnooc, said Thursday that it has discovered natural gas at an offshore deep well after drilling more than 5,000 meters in northeastern Bohai Bay.
This is the first gas discovery in Bohai, it said in a statement on its website, adding that it was a “technological breakthrough.” The company didn’t mention the volume of the discovery.
Five offshore oil discoveries were made in Bohai in the first three months of this year and the area will remain the company’s major growth engine in the future, Cnooc Ltd. (CEO) Chief Financial Officer Zhong Hua said in April.
Copyright © 2012 Dow Jones & Company, Inc.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,835 members that receive our newsletter.
Have a news tip? Let us know.
The Bureau of Ocean Energy Management (BOEM) has confirmed competitive interest in two offshore wind areas (WEAs) off the southeast Texas coast, following an unsolicited lease request from Hecate Energy...
W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies' demands for $250 million in additional collateral for taking apart old oil infrastructure.
Europe is starting to find the limit of a decades-long boom in offshore wind. It can be seen most acutely in the places that have been quickest to build capacity. Countries like Denmark and Sweden are beginning to hit a wall as power prices and incentives drop too low to make building projects worth it. The latest example is a Danish government auction for offshore wind that failed to attract any bids.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 109,835 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
