Unlocking the South China Sea's gas potential - Upstream Online
Unlocking the South China Sea’s gas potential | Upstream Online
Chinese offshore operator CNOOC Ltd’s significant investments in exploration in recent years are paying off as offshore fields last year provided 60% of the country’s total oil and gas production increase.
Recent offshore exploration has turned up massive gas discoveries in the Qiongdongnan and Yinggehai basins of the South China Sea, where CNOOC Ltd is set to build a gas production hub.
In the Pearl River Mouth basin, the company is looking to redevelop mature fields and bring marginal finds together in “cluster” developments.
Related Knowledge Center: ENERGY BASICS: hydropower
Hydropower — electricity generated by turbines capturing energy from moving water — was for many years the primary contributor of renewable energy to the U.S. electricity grid. Its growth was rapid into the 1970s, and since then has offered a stable supply of power, while a declining share of all generation. For many years, hydropower was seen as clean energy and an unalloyed good, but a greater understanding of the impact of dams on ecosystems and wildlife has led to the removal of some dams. As of 2019, hydropower trails wind as a renewable source of power generation.