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CNOOC Installs Record-Breaking Offshore Oil Platform

OilPrice

The platform was installed at the Kenli field, at a depth of some 20 meters, which has proven reserves of some 100 million tons of crude oil. CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8

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Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

Oil & Gas 360º

America has 48 Bbbl of proven oil reserves, 4 and since 2016, Texas has accounted for 40% of that. trillion bbls of total technically recoverable oil in the U.S., times the proven reserves of Saudi Arabia. quadrillion cubic feet of recoverable natural gas reserves or enough supply for 130 years.

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