China's investment in offshore oil and gas exploration is expected to continue rising, with more than half of this year's domestic oil increment likely to have come from offshore, according to a recent report released by China National Offshore Oil Corp.
CNPC shifting focus to new energy chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
China National Petroleum Corp, the country's largest oil and gas producer and supplier, has been optimizing its production structure in recent years to diversify its business to meet the country's growing demand for clean energy.
China National Petroleum Corp, the country's largest oil and gas producer and supplier, has been optimizing its production structure in recent years to diversify its business to meet the country's growing demand for clean energy.
China National Offshore Oil Corp (CNOOC)'s ultra-deepwater presalt oilfield in Brazil was put into operation on Tuesday, the latest effort by the country's top offshore oil and gas producer to step up overseas oil and gas production.