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Chunxiao
The Chunxiao gas field () is a natural gas field below the East China Sea within the Chinese Exclusive Economic Zone, about 4 km to the west of the EEZ border claimed by Japan which is disputed by China. The Chunxiao gas field is the first of a group of four natural gas fields in the Xihu Trough being developed by China: the other ones are Tianwaitian, Duanqiao, and Canxue. Production from the field started on January 28, 2006. CNOOC and Sinopec operate the site. Unocal and Shell withdrew from the project in late 2004 for reasons of high costs, unclear reserves, and the territorial dispute. CNOOC estimates net oil reserves of the field at 3.8 million Barrels of oil A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth. For historical reasons the volumes of some barrel units ..., and 168.6 BCF of natural gas. In 1995, the People's R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East China Sea EEZ Disputes
There are disputes between China, Japan, Taiwan and South Korea over the extent of their respective exclusive economic zones (EEZs) in the East China Sea. The dispute between the Peoples Republic of China (PRC) and Japan concerns the different application of the 1982 United Nations Convention on the Law of the Sea (UNCLOS), which both nations have ratified. China proposed the application of UNCLOS, considering the natural prolongation of its continental shelf, advocating that the EEZ extends as far as the Okinawa Trough. Its Ministry of Foreign Affairs of the People's Republic of China, Ministry of Foreign Affairs has stated that "the natural prolongation of the continental shelf of China in the East China Sea extends to the Okinawa Trough and beyond 200 nautical miles from the baselines from which the breadth of the territorial sea of China is measured," which is applicable to the relevant UNCLOS provisions that support China's right to the natural shelf. In 2012, China presented a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East China Sea
The East China Sea is an arm of the Western Pacific Ocean, located directly offshore from East China. It covers an area of roughly . The sea’s northern extension between mainland China and the Korean Peninsula is the Yellow Sea, separated by an imaginary line between the eastern tip of Qidong at the Yangtze River estuary and the southwestern tip of South Korea's Jeju Island. The East China Sea is bounded in the east and southeast by the middle portion of the first island chain off the eastern Eurasian continental mainland, including the Japanese island of Kyushu and the Ryukyu Islands, and in the south by the island of Taiwan. It connects with the Sea of Japan in the northeast through the Korea Strait, the South China Sea in the southwest via the Taiwan Strait, and the Philippine Sea in the southeast via gaps between the various Ryukyu Islands (e.g. Tokara Strait and Miyako Strait). Most of the East China Sea is shallow, with almost three-fourths of it being less than ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xihu Trough
The Xihu Trough () is a region in the East China Sea, located approximately 400 kilometres east of the cities of Shanghai and Ningbo, Zhejiang. The region is a repository for natural gas, and consists of the Chunxiao, Tianwaitian, Canxue, Duanqiao, and Pinghue fields. The entire trough is approximately 500 kilometres long, and runs parallel to the Chinese coast. On August 19, 2003, it was announced that Sinopec, CNOOC, Royal Dutch/Shell and Unocal Union Oil Company of California, and its holding company Unocal Corporation, together known as Unocal was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headqu ... had entered into a joint venture to exploit the gas reserves in the trough, beginning in mid-2005. Gas production was expected to reach 2.5 km³ a year by 2007. However, on September 29, 2004, the two foreign partners in the joint venture, Royal Dutch/Shell and Unocal Corporation, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas Field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNOOC
China National Offshore Oil Corporation, or CNOOC Group (Chinese: 中国海洋石油总公司 Pinyin: ''Zhōngguó Háiyáng Shíyóu Zǒnggōngsī''), is one of the largest national oil companies in China, and the third-largest national oil company in China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec). The CNOOC Group focuses on the exploitation, exploration and development of crude oil and natural gas in offshore China, along with its subsidiary COOEC. The company is owned by the government of the People's Republic of China, and the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) assumes shareholder rights and obligations on the government's behalf. One subsidiary, CNOOC Limited, is listed on the Hong Kong exchange; the other, China Oilfield Services, is listed on the Hong Kong and New York exchanges. In the 2020 Forbes Global 2000, CNOOC was ranked as the 126th largest public company in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sinopec
China Petroleum & Chemical Corporation (中国石油化工股份有限公司) or Sinopec (), is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai. Sinopec Limited's parent, Sinopec Group, is the world's largest oil refining, gas and petrochemical conglomerate, headquartered in Chaoyang District, Beijing. Sinopec's business includes oil and gas exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, and other chemicals. It also produces ethanol and several biofuels such as biodiesel and green jet fuel, from waste vegetable oil. Corporate history Sinopec Limited was established as a joint stock entity under the China Petrochemical Corporation Group (Sino ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unocal
Union Oil Company of California, and its holding company Unocal Corporation, together known as Unocal was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headquartered in El Segundo, California, United States. Unocal was involved in domestic and global energy projects. Unocal was one of the key players in the CentGas consortium, which attempted to build the Trans-Afghanistan Pipeline to run from the Caspian area, through Afghanistan, to the Indian Ocean, at a time after the Taliban siege of Kabul in 1996. On August 10, 2005, Unocal merged its entire upstream petroleum business with Chevron and became a wholly-owned subsidiary. Unocal then ceased operations as an independent company, but continues to conduct many operations as Union Oil Company of California, a Chevron company. History The Union Oil Company of California was founded on October 17, 1890, in Santa Paula, California, by Lyman ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Dutch Shell
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. It is one of the oil and gas "supermajors" and by revenue and profits is consistently one of the largest companies in the world. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. Shell first entered the chemicals industry in 1929. Shell was one of the " Seven Sisters" whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barrels Of Oil
A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth. For historical reasons the volumes of some barrel units are roughly double the volumes of others; volumes in common use range approximately from . In many connections the term is used almost interchangeably with ''barrel''. Since medieval times the term as a unit of measure has had various meanings throughout Europe, ranging from about 100 litres to about 1,000 litres. The name was derived in medieval times from the French , of unknown origin, but still in use, both in French and as derivations in many other languages such as Italian, Polish, and Spanish. In most countries such usage is obsolescent, increasingly superseded by SI units. As a result, the meaning of corresponding words and related concepts (vat, cask, keg etc.) in other languages often refers to a physical container r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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