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Dwindling sea ice is opening new shipping routes through the Arctic and shipping activity in the Arctic is expected to rise as oil and gas development increases and as ships take advantage of shorter trans-Arctic routes from Asia to Europe and North America. HFO and distillate), which would require a complete shift to cleaner fuels (e.g.,
By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. China: development of the Chuandongbei natural gas project. million barrels per day.
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