CNOOC

Recent Articles

CNOOC's 1Q 2016 Revenue Falls to $3.8B, Down 30.7% YOY
Friday, April 29, 2016 CNOOC's revenue falls to $3.8 billion in the first quarter of 2016, down 30.7 percent from last year as low oil prices continue to weigh on the firm's turnover.
Husky Expects Madura BD Field Off Indonesia to Commence Production in 2017
Wednesday, April 27, 2016 Husky Energy expects the Madura BD field in the Madura Strait offshore Indonesia to commence production in 2017.
Husky May Take Legal Action In Gas Dispute With China Firm
Tuesday, April 26, 2016 Husky says it was confident a dispute with CNOOC over delivery payments for South China Sea gas will be resolved but warned it would take legal action against the state-owned energy company if necessary.
CNOOC Commences Production from Panyu 11-5 in South China Sea
Monday, April 25, 2016 CNOOC Limited commences production from the Panyu 11-5 oilfield, located in the Pearl River Mouth Basin of the South China Sea.
Primeline Begins Arbitration Over Zhejiang Gas' Breach of Sales Contract
Monday, April 18, 2016 Primeline Energy commences arbitration proceedings against Zhejiang Gas Natural Gas Development Company over gas sales from the LS36-1 field in East China Sea.
China Oil Giants Take Spending Cuts Deeper as Profits Shrink
Wednesday, March 30, 2016 After chopping spending by almost one-third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China's energy giants are cutting even deeper.
CNOOC Profit Drops 66%
Thursday, March 24, 2016 CNOOC Limited reveals in its 2015 financial results statement that its profit plunged 66.4% to $3.1 billion in 2015, compared to $9.2 billion the year before.
CNOOC Invites Bids for 18 Offshore Exploration Blocks in China
Friday, February 26, 2016 China National Offshore Oil Corp. invites foreign companies to submit bids for 18 exploration blocks located offshore China.
CNOOC Taps First Ultra-Deepwater Gas Discovery in South China Sea
Friday, February 26, 2016 CNOOC taps the country's first ultra-deepwater natural gas discovery in the northwestern part of the South China Sea.
CNOOC Flows First Oil from 2 Beibu Gulf Basin Projects in South China Sea
Tuesday, February 02, 2016 CNOOC commences production from two Beibu Gulf Basin oil projects in the South China Sea.
Flood Of Oil Asset Writedowns Seen Across Asia On Crude Rout
Tuesday, February 02, 2016 Investors in Asian oil and gas companies should prepare for a wave of writedowns after a collapse in crude prices.
CNOOC: Kenli 10-4 Oilfield Starts Production
Wednesday, January 27, 2016 The Kenli 10-4 oilfield, located in the South of Bohai, commences production.
CNOOC Cuts CAPEX in 2016
Tuesday, January 19, 2016 CNOOC Limited cuts its CAPEX to $9.1 billion in 2016, following "an increasingly complicated operating environment".
China's CNOOC and CGN to Cooperate on Offshore Oil, Nuclear Power
Friday, January 15, 2016 Two Chinese state-owned energy companies sign a strategic cooperation framework agreement on offshore oil and nuclear power.
Brazil's Petrobras Says Not Considering Libra Area Sale
Friday, December 11, 2015 Brazil's Petroleo Brasileiro SA is not considering selling a 10 percent stake in its giant Libra offshore oil prospect at this time, the state-run oil company said.
Husky Enters into a PSC with CNOOC for Block 15/33 in South China Sea
Friday, December 04, 2015 China National Offshore Oil Corp. enters into a production sharing contract with Husky Oil for Block 15/33 in the South China Sea.
Primeline Drills Dry Well in East China Sea Block 33/07
Wednesday, December 02, 2015 Primeline Energy drills dry hole at LS30-3-1 exploration well in Block 33/07 in the East China Sea.
China Energy Giants Seek Last-Minute Sales in Year-End Countdown
Wednesday, November 25, 2015 China's biggest energy companies are seeking to unload assets and urging workers to cut costs in a last-minute rush to meet annual government-set growth targets as lower crude prices drag down earnings.
Primeline Spuds LS30-3-1 Prospect in Block 33/07 in East China Sea
Tuesday, November 17, 2015 Primeline Energy spuds the LS30-3-1 exploration well in Block 33/07 in the East China Sea.
QGC, Partners Invest $1.2B to Boost Gas Output in Australia's QCLNG Project
Monday, November 16, 2015 QGC and joint venture partners invest $1.2 billion to boost gas production for the Queensland Curtis liquefied natural gas project in Australia.