News

China's Cnooc expects higher production in 2024

Natural Gas World - Latest News · last updated

China's Cnooc expects higher production in 2024

-
Natural Gas News
China's Cnooc expects higher production in 2024

Summary

Cnooc attributes the production increase to a robust pipeline of new projects and a substantial capital investment. by: Shardul Sharma

Chinese energy producer Cnooc anticipates production of 700mn to 720mn barrels of oil equivalent (boe) in 2024, following its record outp...

Posted in:

Natural Gas & LNG News, Asia/Oceania, News By Country, China

Related Knowledge Center: ENERGY BASICS: renewables

State of Play

Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.

More informationabout ENERGY BASICS: renewables