ExxonMobil commits $12.5B to Guyana Longtail gas project after government approval
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CNOOC announced an ultra-deep natural gas discovery in the central Bohai Sea, with a high-yield volcanic well testing at 800,000 cubic meters per day. The find is described as a 'major breakthrough' for ultra-deep exploration in the region, though commercial viability and reserves are not yet disclosed. This could bolster China's domestic gas supply and reduce import dependence, but impact is uncertain pending further appraisal.
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