China National Offshore Oil Corp. (CNOOC) has recorded proven gas geological reserves of more than 101 billion cubic meters (Bcm) at the Linxing gas field in one of the country’s major coal mining province, Shanxi, state media Xinhua News Agency reported March 1.
Located at the eastern edge of Ordos Basin, the Linxing tight gas field produced an average of more than 5 million cubic meters gas in 2020.
CNOOC aims to establish annual gas production capacity of 3.3 Bcm and raise annual output to 2.7 Bcm at Linxing, which is managed by its coalbed methane subsidiary, within three years.
Proven reserves at Linxing were certified by the Ministry of Natural Resources, Xinhua reported.
CNOOC has vowed to accelerate the exploration and development of natural gas, including deepwater reserves in the South China Sea, shallow water resources in Bohai Bay and unconventional resources onshore.
Some markets “may experience, or continue to experience, intermittent service interruptions,” Colonial Pipeline said in a statement, echoing Biden who said earlier there could be “hiccups.”
Waiver will allow foreign vessels to ship products from the Gulf Coast to the East Coast.
The shutdown of the Colonial Pipeline halted 2.5 million bbl/d of shipments of gasoline, diesel and jet fuel on May 7 after the most disruptive cyberattack ever on U.S. energy infrastructure.