News Snapshot:
SINGAPORE : Chinese oil and gas major CNOOC Ltd’s first wholly-owned deepwater natural gas field “Shenhai No.1” was pumping ahead of schedule at its designed peak rate, after it started production in June, state television reported on Thursday. The gas field, also named Lingshui 17-2 that sits 1,500 meters below the sea surface in the South China Sea, was producing 10 million cubic metres a day, the report said. Gas flowing in from 11 production wells are being pumped via a subsea pipeline to onshore receiving points in Hong Kong and south China’s Guangdong province, before joining the national gas...
