Petronas, through its subsidiary Petronas LNG, has entered into a Sale and Purchase Agreement (SPA) with Cnooc Gas and Power Singapore Trading & Marketing for the supply of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG).
Chinese oil major CNOOC, opens new tab said that an offshore oil project in the South China Sea had commenced production. Xijiang Oilfields 24 Block Development Project, located in the shallow water of the Pearl River Mouth Basin, is expected to achieve a plateau production of about 18,000 barrels of light crude oil equivalent per day in 2026.
