Secretary of State Marco Rubio said he believes Western oil companies are prepared to make the billions of dollars of investment needed to repair Venezuela’s oil infrastructure.

China National Offshore Oil Corporation announced that its Deep Sea No. 1 gas field shipped its 100th cargo of condensate while also revealing the discovery of a new major oilfield in the Bohai Sea as it boosts domestic production to reduce energy dependence.

HAIKOU -- China's largest offshore gas field, named Deep Sea No 1, has recently completed its 100th shipment of crude oil since being put into production, announced the China National Offshore Oil Corporation (CNOOC) on Friday.

China has discovered deep shale gas reserves in two major gas fields in the southwest, each holding more than 100 billion cubic metres (bcm) of proven reserves, as the country continues its push for greater energy security. The state-owned China Petroleum ...

China’s oil output has risen despite lower prices. PetroChina lifted output ~21% since 2020; CNOOC grew production ~45% since 2021 and Sinopec halted a production decline. Aging fields are being propped up with EOR. Over the past couple of years, China ...

The recent collapse of a high-profile Chinese oil deal in Afghanistan sheds light on the often opaque relationship between Beijing and the Taliban. Four years ago this month, the Taliban regained control of Afghanistan and the U.S. withdrew. Chinese ...

In a BMI report sent to Rigzone by the Fitch Group recently, analysts at BMI, a Fitch Solutions company, said China's outlook for shale oil production is improving. Image by zhengzaishuru via iStock In a BMI report sent to Rigzone by the Fitch Group ...

ASTANA, Dec 10 (Reuters) - Kazakhstan said on Wednesday it would redirect some oil from its Kashagan field to China and other routes after a Ukrainian drone attack last month on the Caspian Pipeline Consortium's Black Sea terminal in Russia. The decision ...

An aerial drone photo taken in April, 2025 shows the Deep Sea No. 1 energy station, in south China's island province of Hainan. (CNOOC/Handout via Xinhua) China's largest offshore

President Trump said Cuba is "ready to fall" and threatened U.S. military intervention in Colombia following the U.S. attack in Venezuela.