Offshore Energy Search News

China plans to accelerate geological exploration and survey work for oil and natural gas to ease its rising reliance on energy imports, according to the Ministry of Land and Resources, which intends to draw up strategies to achieve breakthroughs in exploration, energy efficiency and replacements for oil and gas. The ultimate goal is to cut China's expanding dependency on foreign oil and to guarantee energy security. In 2011, China's new proven geological reserves of oil and gas reached 1.37 billion tons…