Brazil Signs Agreement With Oil Consortium
Monday, December 02, 2013 Brazil signs an agreement with a consortium of companies to develop an offshore field under the production-sharing regime that gives the federal, state and municipal govts a 75% stake of the oil extracted.
Norway to Join Chinese Firm in Iceland Oil Exploration
Friday, November 22, 2013 Norway plans to team up with China's CNOOC to explore for oil offshore Iceland.
CNOOC Signs Land Deal for LNG Terminal in Canada
Wednesday, November 13, 2013 CNOOC signs a sole proponent agreement with the provincial government of British Columbia to examine the development of a liquefied natural gas terminal at Grassy Point along Canada's west coast.
Canada PM: Foolish For Foreign Investment Rules To Be Too Clear
Friday, November 08, 2013 It would be foolish for Canadian rules on foreign investment to be too clear because Ottawa needs a certain amount of discretion when considering takeover bids, Prime Minister Stephen Harper says.
Report: China's First Floating LNG Terminal to Receive Gas in Dec
Wednesday, November 06, 2013 China's first floating liquefied natural gas (LNG) import terminal expects to start operation next month, local media reported, just in time to help ease a looming winter supply crunch in the world's top energy consumer.
CNOOC Begins Production at Suizhong 36-1 Phase II Project in Bohai Bay
Thursday, October 31, 2013 CNOOC announces that Suizhong 36-1 Phase II adjustment project in China's Bohai Bay has commenced production.
COSL's NH9 Semisub to Drill for CNOOC in South China Sea Soon
Thursday, October 31, 2013 China Oilfield Services Limited reports that its recently acquired aftermarket semisub NH9 will commence drilling operations for CNOOC in the South China Sea.
China Oil Giants Risk Paying High Price for Energy Addiction
Tuesday, October 29, 2013 China's biggest state-owned oil firms, sitting on aging fields, are scrambling to ramp up crude oil and natural gas production to meet surging domestic demand.
CNOOC Discovers Oil at Luda 5-2 North in Bohai Bay
Thursday, October 24, 2013 CNOOC makes a mid-sized oil discovery at Luda 5-2 North in Bohai Bay, China.
Benin Eyes Return to Oil Production in 2014 after Lost Decades
Thursday, October 24, 2013 Benin's government says it hopes oil production would restart in the West African nation next year in blocks controlled by South Atlantic Petroleum (SAPETRO) from neighbouring Nigeria.
Philippines Says Gas from Disputed Field Should be Used Domestically
Wednesday, October 23, 2013 Philippines to insist any gas produced from a Philex Petroleum/CNOOC offshore field should be used domestically.
Total Wins 20% Share in Libra Supergiant Field
Tuesday, October 22, 2013 A consortium of companies including Total has been awarded a 35-year production sharing contract to develop Brazil's supergiant Libra field.
Only One Consortium Bids for Libra Auction
Tuesday, October 22, 2013 Brazilís Libra oilfield auction continued despite protests and lack of enthusiasm from oil and gas companies.
Brazil Gears Up for Big Oil Auction Amid Heavy Security
Monday, October 21, 2013 Brazil gears sell production rights to its largest-ever oil discovery in a landmark auction that sparked widespread nationalist protests even though most of the world's premier energy companies opted to stay away.
Brazil Oil Rights Auction Seen Having Little FX Impact
Monday, October 21, 2013 The Brazilian real will likely receive a limited boost from the government sale of oil rights, as auction winners will bring fewer dollars than expected into the country to pay for a cash signing bonus of 15 billion reais ($6.88 billion).
Petrobras-Led Group Wins Brazil Oil Auction with Minimum Bid
Monday, October 21, 2013 In an auction with a single bid, Brazil sells production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA.
First Oil Commences at Wenchang 19-1 North, Weizhou 12-8 West Fields
Friday, October 18, 2013 CNOOC announces first oil has commenced recently at Wenchang 19-1 North and Weizhou 12-8 West fields in the western part of the South China Sea.
CNOOC Issues Exploration Tender, Includes S. China Sea Blocks
Tuesday, October 08, 2013 CNOOC issues a tender to invite foreign firms to bid for oil and gas blocks in the East and South China Sea, according to a statement on the company website.
China's CNOOC Plans to Double LNG Import Capacity by 2015
Wednesday, September 25, 2013 CNOOC expects to add 5 LNG receiving terminals by 2015, doubling its total capacity to 35-40 million tonnes per year, a senior company official says.
China's CNOOC to Spend $2B on Uganda Oil Field, Says Official
Wednesday, September 25, 2013 CNOOC has been awarded a final production license for Uganda's Kingfisher oil field and will spend $2 billion over four years to develop it, a senior Ugandan official says.