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China Launches Phase 2 Deep-Sea Gas Field Adding 4.5BCM To Supply

OilPrice

billion cubic meters (bcm) per year. With total geological reserves exceeding 150 bcm, Deep-Sea No. 1 is seen as a cornerstone of China’s efforts to strengthen energy security and reduce reliance… China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No.

BCM 234
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Valor | Energy Connection – June 16, 2025

Valor

Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted. The attack marks Israel’s first strike on Iran’s energy sector, escalating tensions that pushed oil prices up 9% Friday. The mixed results highlight shifting energy sector priorities amid changing market conditions.

Energy 52
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Norway Gas Output Down for Fourth Consecutive Month

Rigzone

“New production from the Johan Castberg field reaching plateau and Halten East contributed. We’d love to hear from you, join the conversation on the Rigzone Energy Network. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.

Gas 97
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Global energy demand rises as power consumption jumps

Oil & Gas 360º

(Oil Price) –Surging power demand in both developed and emerging economies accelerated global energy demand growth in 2024 to nearly twice the pace of recent years, the International Energy Agency (IEA) said on Monday. rise in global power consumption last year, the IEA said in its annual report Global Energy Review 2025.

BCM 130
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GASCO Showcases Remarkable Achievements During 2024

Egypt Oil & Gas

He elaborated that the company transported 64 billion cubic meters (bcm) of gas during 2024. This came during the general assembly meeting of the company chaired by the Minister of Petroleum and Mineral Resources Karim Badawi to discuss and approve its annual results of 2024.

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Valor | Energy Connection – May 19, 2025

Valor

bcm, crude oil increased 1.5% Daily production at the Sakarya field now reaches 9.5 million cubic metres as Turkey aims to reduce its over 90% energy import reliance and enhance supply security. The post Valor | Energy Connection May 19, 2025 appeared first on Oil and Gas Outsourcing and Mineral Management.

Energy 52