Sinopec has certified 1.3 billion barrels of new shale oil reserves in eastern China, despite the challenges of deep ...

China has confirmed the discovery of two major shale oil fields, one apiece in the Bohai Bay basin and Northern Jiangsu basin, marking a breakthrough in the country’s unconventional oil exploration.

Sinopec Corp said on Monday the Chinese government has certified about 180 million metric tons, or about 1.3 billion barrels, ...

The breakthrough for China came after drilling was done to a total depth of about 15,879 feet (4,840 meters) in the Beibu ...

Beijing has launched a drive to uncover new domestic fossil fuel reserves as it seeks to reduce its dependence on imports.

As SinoOcean Offshore Assets Management embarks on a new strategy, Upstream takes a look back at how the company helped China ...

A Chinese company has discovered large reserves of oil and natural gas in the Beibu Gulf Basin. While digging this area, ...

Sinopec, China’s largest oil refiner, announced the discoveries on Monday and confirmed the sites are located in northeastern China’s Bohai Bay Basin and the Subei Basin in the eastern ...

SINGAPORE (Reuters) -- Sinopec said on Monday that the Chinese government has certified about 180 million tonnes, or about 1.3 billion barrels, of new geological reserves at two of its shale oil plays ...

Earlier this month, CNOOC began phase one production at the Bozhong 26-6 oilfield development project in central Bohai Bay. The company also announced the start of production at the Buzios7 project.