China’s CNOOC is planning a boost to exploration spend according to chairman Yang Hua at a Beijing event earlier this week, though he left figures on actual spend out. “Currently the central government highly values oil and gas exploration and development and gave special directions,” he said.
China, now in the top two LNG importers globally, is also working hard to increase domestic supply after directives from President Xi Jinping. China's major oil companies have been complying...
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