China National Offshore Oil Corporation (CNOOC) has started phase one production at the Bozhong 26-6 oilfield development project in central Bohai Bay. CNOOC holds a 100% interest and operates the ...

But industry leaders have also been clear that these and other policy changes floated by Trump won’t lead to more drilling.

Global upstream M&A activity is expected to slow down in 2025 following a peak driven by US shale consolidation.