China Oil Output to Exceed 200m Tons

Monday, December 12, 2005
China's annual oil output is expected to surpass 200 million tons in the 2010-2015 period, and the production capacity will last for at least 15 years, a senior official with the Ministry of Land and Resources said according to a report publishedon According to the official, China's proven oil reserve would increase 800 million to one billion tons a year on average between 2005 and 2020. His estimate is based on the results of a new round of assessment on China's oil and gas resources, which covers 129 basins. The results indicate that China's natural gas output will move up steadily in the coming 15 years to reach 90 billion or 110 billion cubic meters by 2010, and to 150 billion or 170 billion cubic meters by 2020. According the report, the official advised to strengthen geological academic research on oil and gas exploration and increase input in the sector to enhance exploration technology. (

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Australia, Japan Partner for Hydrodynamics Research

Australia and Japan have signed a cooperative research arrangement on marine hydrodynamics, the Chief Defence Scientist, Dr Alex Zelinsky, announced today.   “This

Barge Master Launches Fit-for-Purpose Gangway

Press release - Barge Master has announced the official launch of a motion compensated gangway after building a track record in motion compensated lifting. ‘The

Norway's Offshore Shipping Sector Faces Bleak Year

Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options

Coast Guard

Nearly 100 Rescued after Batam Ferry Hits Trouble

Almost 100 people were rescued when a ferry sailing toward Singapore from the Indonesian island of Batam hit a floating object and reportedly started to sink, maritime officials said.

Rocket Debris Found Near Isles of Scilly

A piece of metal thought to be debris from an American space rocket was recovered from the sea off the Isles of Scilly.   The metal – a large section of alloy about 10 meters by 4 meters,

Passengers Transferred from Stranded Ferry

Passengers were transferred from Indonesia-registered Sea Prince after the ferry struck a floating object after leaving the Nongsapura ferry terminal in Batam late on November 29.

Maritime Contracts Maritime Security Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0705 sec (14 req/sec)