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Recent Articles

China Inc Joins the Big League in Oil and Gas Services
Tuesday, April 15, 2014 Global oil companies are increasingly turning to China for services and equipment, attracted by lower costs and a newly acquired expertise that is challenging more established rivals.
Green Dragon Gas Inks Deal with CNOOC's Unit CUCBM for 5 PSCs in China
Thursday, April 03, 2014 Green Dragon Gas enters into an agreement with China United Coalbed Methane Corporation regarding five production sharing contracts in China.
Husky, CNOOC Commences First Production at Liwan Gas Project off China
Monday, March 31, 2014 Husky Energy and CNOOC commence first production from the Liwan gas project in the South China Sea, offshore China.
CNOOC Posts Sharper-Than-Expected Fall In 2013 Earnings
Friday, March 28, 2014 CNOOC posts an 11.4% slide in its 2013 net profit, lagging analysts' forecasts, as it struggles to deliver production growth and control costs amid weakening crude prices.
CNOOC Finds Gas at Bozhong 22-1-2 Well in China's Bohai Bay
Tuesday, March 25, 2014 CNOOC discovers gas at Bozhong 22-1-2 exploration well in China's Bohai Bay.
CNOOC Discovers Gas at Lingshui 17-2 Deepwater Well in South China Sea
Thursday, March 20, 2014 CNOOC discovers gas at Lingshui 17-2 deepwater exploration well in Qiongdongnan Basin in the South China Sea.
CNOOC Outlines Business Strategy, Development Plans for 2014
Tuesday, February 18, 2014 CNOOC recently unveiled its business strategy and development plan for 2014, with the firm holding on to a long term production growth target for the period 2011 to 2015.
Uganda Signs Memorandum With Oil Firms Over Production
Thursday, February 06, 2014 Uganda signs a memorandum of understanding regarding the start of oil production with Tullow Oil, Total and CNOOC, the government says.
Libra Field JV Approves Capex of $400-$500M for 2014
Friday, January 24, 2014 Petrobras and the joint venture for Libra field in the Santos Basin offshore Brazil has approved capital expenditure of $400-$500 million for 2014.
CNOOC Estimates Oil Output Growth Below Target For 3rd Year
Monday, January 20, 2014 CNOOC is aiming for an up to 4.3% increase in production this year, excluding its contributions from Canadian subsidiary Nexen.
CNOOC Commences Production at Liuhua 19-5 Gas Field
Wednesday, January 15, 2014 CNOOC reports that production has commenced at Liuhua 19-5 gas field in the Pearl River Mouth Basin off the South China Sea.
UMC: Papua New Guinea Seismic Survey Complete
Monday, January 06, 2014 CNOOC completes a 2D seismic survey over the PPL374 and PPL375 licenses, offshore Papua New Guinea.
PNG 2D Seismic Survey Almost Complete
Friday, January 03, 2014 UMC Energy reports that partner CNOOC has almost completed a 2D seismic survey over the PPL374 and PPL375 licenses, offshore Papua New Guinea.
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.