The project, located in Liaodong Bay in Bohai Sea, is expected to achieve a peak production of approximately 9,700 barrels of oil equivalent per day in 2026. The project relies on the facilities of ...

The Suizhong 36-2 Oilfield 36-2 Block Development Project in the Bohai Sea ... of crude oil, thus effectively improve [sic] the utilization of reserves in offshore heavy oil field”, CNOOC ...

Chinese offshore operator CNOOC Ltd has fired up the Suizhong 36-2 oilfield in the Bohai Sea offshore northern China. Located in Liaodong Bay, in an average water depth of 27 metres, the field is ...

Bohai Bay, located east of Beijing, is one of the four principal hydrocarbon basins in offshore China and is one of the most important oil producing regions for the country. The contract calls for ...

The real-time price of Brent crude oil is at $75.99 per barrel, and the price of WTI crude oil is at $73.03 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...

Vladimir Putin has promised ‘further destruction’ of Ukraine after a Russian oil field was destroyed by a ‘massive’ drone strike overnight. Video footage of the strike shows the oil field ...

Saudi Arabia is exploring projects that can produce lithium for batteries in an effort to ramp up production in the Middle Eastern oil exporter. The country, in the midst of revamping its economy ...

Mostly cloudy with a high of 25 °F (-3.9 °C). Winds WNW at 7 to 9 mph (11.3 to 14.5 kph). Night - Cloudy. Winds variable at 6 to 11 mph (9.7 to 17.7 kph). The overnight low will be 22 °F (-5.6 ...