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billion cubic meters (bcm) per year. With total geological reserves exceeding 150 bcm, Deep-Sea No. China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural gas project in the South China Sea, boosting domestic output by 4.5
Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted. While Iran consumes all its gas domestically due to sanctions, neighboring Qatar exports 77M tonnes annually from the shared field with Exxon and Shell. to April highs after Friday’s 4.8%
“New production from the Johan Castberg field reaching plateau and Halten East contributed. According to the European Commission’s latest quarterly gas market report, Norway remained the European Union’s top gas - gaseous and liquefied - supplier in the first quarter, accounting for 31 percent or 21.7 MMbd, down 5.9
Gas demand rose by 115 billion cubic meters (bcm), or by 2.7%, compared with an average increase of around 75 bcm annually over the past decade. Record-high temperatures, higher demand from industry and for electrification, and AI and data centers contributed to a 4.3% As a result, the worlds overall energy demand increased by 2.2%
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. He highlighted that 1.9
bcm, crude oil increased 1.5% Daily production at the Sakarya field now reaches 9.5 Read more Chinas fossil fuels production retreats from record levels Summary : Chinas fossil fuel output declined in April from March’s record levels, though year-on-year production remained up: natural gas rose 8.1% to 389 million tons.
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