The Chinese company CNOOC Limited plans to begin drilling its first exploratory well on the Brazilian continental shelf in the Santos Basin in 2029. The project focuses on little-studied deepwater areas, where major international oil companies are also operating.
The Chinese company CNOOC has connected the country's first domestically developed floating wind power station to the grid at an offshore oil field. This project will help reduce dependence on fossil fuels and lower CO₂ emissions.
Oil production at the Kingfisher field in Uganda is expected to begin by the end of the year, with operations at the larger Tilenga field set to start next year. Combined output could reach 190,000 barrels per day by 2027, which will have a significant impact on the country's economic growth.