Changqing oilfield, China's largest oil-and-gas field, produced over 10,000 tons of shale oil in a single day for the first time, marking a milestone in the oilfield's shale oil drilling capabilities.
Located in northwest China's Ordos Basin, the Changqing oilfield contains estimated 1 billion tons of shale oil.
It produced 3.21 million tons of shale oil in 2024, accounting for 52.2 percent of the country's total. So far, the cumulative output of shale oil from Changqing oilfield has exceeded 18.5 million tons.
"The daily output of shale oil at Changqing oilfield exceeds 10,000 tons, making an annual production capacity of 3.65 million tons, comparable to that of a medium-sized oilfield. We plan to further enhance shale oil drilling efforts, aiming to reach an annual production of 4.5 million tons by 2030," said Lei Qihong, manager of the shale oil drilling branch of Changqing oilfield.
To date, Changqing oilfield has discovered proven oil reserves of 50.24 million tons and estimated oil reserves of 56.2 million tons in the area.
Since the 1970s, Changqing oilfield accumulated proven oil and gas reserves account for one-third of the country's total, playing an important role in safeguarding the national energy security.
Daily shale oil output of China's largest oil-and-gas field exceeds 10,000 tons
Washington's assertive moves, from attacks on Venezuela to threats against Iran and Greenland, reflect the final outburst of a declining unipolar order and may encourage countries in the Global South to band together as uncertainty grows, said American University history professor Anton Fedyashin.
U.S. President Donald Trump's policy agenda has drawn widespread criticism from governments around the world, as Latin American governments condemn the kidnapping of Venezuelan President Nicolas Maduro, and the European Union sharply rejects Trump's claims on Greenland, a territory of Denmark.
In a recent interview with China Global Television Network (CGTN), Fedyashin said that the U.S. president's brazen actions signal an impending end to America's excessive global influence.
"I think we are entering a period of global fragmentation, and that we are certainly entering a period when American hegemony is in relative decline. And I think that Donald Trump, by the way, is a manifestation. It's the 'extinction burst' of American hegemony, of the unipolar moment," he said.
Fedyashin predicted that stronger cooperation among Global South nations will become increasingly urgent as countries seek new pathways to accelerate development amid the renewed uncertainties from the U.S.
"What I think is more likely to start happening is that countries around the world will start banding together, in order to protect themselves against the United States, and against the West and whatever other outside actors there are. The world, the members of the Global South will start looking for alternatives to Western-dominated organizations, both economically and from the point of view of security. So I think that if the United States continues to be so unpredictable and aggressive, that the Global South, at least, will start coming together," said the historian.
US aggression signals hegemony faces "extinction burst": historian
