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

Oil & Gas 360º

The Permian basin has become one of the most productive oil fields in the world, Fig. America has 48 Bbbl of proven oil reserves, 4 and since 2016, Texas has accounted for 40% of that. times the proven reserves of Saudi Arabia. Who’s to say it won’t happen again in the face of these new predictions of peak oil?

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