Industry News_Jingzhou Jinxiu Machinery Technology Co., Ltd._Plug valve

News Center

Home page

Sino-African oil and gas cooperation upgraded, Chinese companies accelerate layout of African energy landscape

Africa is rich in oil and gas resources. Proven reserves include 32.35 billion tons of crude oil and 30.87 trillion cubic meters of natural gas; undiscovered resources are estimated at 19.5 billion tons of crude oil and 17.55 trillion cubic meters of natural gas. In 1886, the first exploration well in Africa, the Gemsa d1 well, was drilled in the Suez Basin of Egypt, marking the beginning of modern oil and gas exploration in Africa. Large-scale commercial development has mainly concentrated from the mid-20th century to the present.

2025.08

《Why Are Oil Drillers Investing Heavily in South America?》

Brazil, Guyana and Argentina are forecast to drive more than 80% of growth in global oil production outside the OPEC bloc over the next five years, offsetting losses where top producers are mired in conflict.

2025.07

Emerging Global Energy Consensus: Diversified Pathways from Supplementation to Transition

2025.07

Breakthroughs and Challenges in the Development of Deep and Ultra-Deep Oil and Gas Resources

China possesses abundant deep and ultra-deep oil and gas resources, accounting for approximately 34% of the nation's total reserves.The successful drilling of the Tarim Basin's Tanke-1 well to a depth exceeding 10,000 meters marks a significant advancement in ultra-deep exploration.

2025.07

An annual investment of $500 billion in oil and gas is sufficient to meet global peak demand

According to Wood Mackenzie, annual oil and gas investment does not need to increase significantly from the current $500 billion level to meet the peak demand of the 2030's. The energy consulting company stated in a research report that the expenditure level is not much higher than the current operating rate and can provide the supply required to meet demand until the peak or above. This is due to the development of low-cost oil resources, higher capital discipline, and significant improvement in investment efficiency.

2023.07

< 1 2 3 >