CNOOC to Boost Output 18% Over 3 Years; Vows Cost Cuts
Friday, March 27, 2015 CNOOC aims to boost output by 18% over the next three years, after reporting stronger-than-expected 2014 profit on cost cuts and higher production.
Alberta To Pick New Oil Marketers By End-May After Nexen Trading Shutdown
Tuesday, March 24, 2015 The Alberta government will decide before the end of May which companies will take over contracts to market the Canadian province's crude, a spokesman says.
China-Owned Nexen To Cut 400 Jobs In North America, UK
Tuesday, March 17, 2015 Nexen says it will cut approximately 400 jobs in North America and the United Kingdom in response to plunging global oil prices.
CNOOC Commences Oil Production at Qinhuangdao 32-6 Project in Bohai Bay
Tuesday, March 10, 2015 CNOOC commences oil production at Qinhuangdao 32-6 comprehensive adjustment project in China's Bohai Bay.
South Korea's SK Innovation Inks PSCs for 2 Blocks in South China Sea
Wednesday, February 11, 2015 CNOOC inks production sharing contracts with South Korea's SK Innovation for Block 04/20 and Block 17/03 in the South China Sea.
State Media: China's Deepsea Gas Find Holds Over 3.5 Tcf Reserves
Monday, February 09, 2015 A deepsea natural gas find in the northern part of the South China Sea has certified proven reserves exceeding 3.53 trillion cubic feet (100 billion cubic meters), making it one of China's biggest offshore finds, Chinese state television reports.
CNOOC to Raise 2015 Net Production by 10-15%, Cuts Capex by 26-35%
Wednesday, February 04, 2015 CNOOC plans to raise net production by 10 to 15% in 2015 to 475 to 495 million barrels of oil equivalent, while cutting capex by 26 to 35%.
CNOOC Flows First Oil at Jinzhou 9-3 Field in North Liaodong Bay off China
Tuesday, February 03, 2015 CNOOC commences first oil from the Jinzhou 9-3 field in North Liaodong Bay in Bohai, offshore China.
Newspaper: China 2014 Gas Output Growth Quickens to 10.7%
Tuesday, January 13, 2015 China's domestic natural gas production rose 10.7 percent last year, faster than in the previous year, as the country's first shale gas field added to output from conventional deposits, an official newspaper reports.
CNOOC Finds Gas at Lingshui 25-1 Deepwater Well in South China Sea
Wednesday, January 07, 2015 CNOOC finds gas at Lingshui 25-1 deepwater exploration well in Qiongdongnan Basin in the South China Sea.
Bumi Armada Seals $1.18B FPSO Contract for Indonesia’s Madura BD Field
Friday, December 12, 2014 Bumi Armada signs a contract, worth $1.18 billion, to supply a floating production, storage and offloading vessel to Husky-CNOOC Madura Ltd. for Indonesia’s offshore Madura BD field.
CNOOC, KUFPEC Ink PSCs for 3 Offshore Blocks in South China Sea
Thursday, December 11, 2014 CNOOC inks production sharing contracts for three offshore blocks in the South China Sea with Kuwait's KUFPEC.
LM Handling Completes First Mooring Project in China at Enping 24-2 Field
Thursday, December 11, 2014 LM Handling successfully completes its first Chinese mooring project at Enping 24-2 oil field in South China Sea.
Further Delays in Contract Signing for Madura Field FPSO
Friday, December 05, 2014 Bumi Armada and Husky-CNOOC agree to delay signing of the contract for a floating production, storage and offloading vessel for the Madura BD field to Dec. 10.
CNOOC Flows First Gas at Panyu Project in South China Sea
Tuesday, December 02, 2014 CNOOC commences gas production at the Panyu 34-1/35-1/35-2 project in the eastern South China Sea.
CNOOC Flows First Oil from Xijiang 24-1 DJDP in Pearl River Mouth Basin
Tuesday, November 25, 2014 CNOOC commences first oil production from the Xijiang 24-1 district joint development project in the Pearl River Basin in South China Sea, offshore China.
Primeline Secures Funds for China's Offshore LS36-1 Gas Field Development
Thursday, November 20, 2014 Primeline Energy secures project finance facility to fund its share of the development of LS36-1 gas field offshore Zhejiang province, China.
CNOOC Discovers Oil at Lufeng 14-4 Structure in South China Sea
Thursday, November 20, 2014 CNOOC makes a mid-sized oil discovery at Lufeng 14-4 structure in eastern South China Sea.
Bumi Armada, HMCL Further Delay FPSO Contract Signing for Madura BD Field
Thursday, November 13, 2014 Bumi Armada and Husky-CNOOC Madura Limited further extends the timeline to sign a contract for a floating production, storage and offloading vessel to be deployed to Madura BD field offshore Indonesia.
Nexen Turns on Taps at Golden Eagle Area Development
Monday, November 03, 2014 CNOOC Limited announces that the Golden Eagle Area Development (GEAD) in the UK North Sea commenced production.