Net profits at China's centrally administrated state-owned enterprises (SOEs) rose 35.71 percent to 1.9 trillion yuan ($279.8 billion) in 2022 from that achieved in 2020, official data showed.
CNOOC Limited said on Wednesday that it would raise its production target and capital expenditure budget for 2023, with 9 new projects expected to come on stream this year.
China's investment in offshore oil and gas exploration is expected to continue rising, with more than half of this year's domestic oil increment likely to have come from offshore, according to a recent report released by China National Offshore Oil Corp.
China s natural gas supply ready to fight cold chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.