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CNOOC Installs Record-Breaking Offshore Oil Platform

OilPrice

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 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.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

As a result, an acute energy paradox has emerged: having significant proven reserves of hydrocarbons and being an exporter of them, Kazakhstan is facing the growing risk of domestic shortages, faced with the progressive problems of its production infrastructure. To achieve this goal, work is underway in several areas.

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

Oil & Gas 360º

(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025. And nowhere is that dynamic clearer than in Texas, the powerhouse of American oil and gas. Previous inaccurate predictions.

Oil