CNOOC

Recent Articles

China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow
Friday, May 26, 2017 The move by China's so-called "teapots", a key driver of the country's crude appetite, will stir concerns about demand in the world's top oil buyer.
Asia Oil Refinery Delays Favor Producer Case for Extending Output Cuts
Monday, May 22, 2017 Energy consultants Wood Mackenzie now expect a net refinery capacity addition in Asia of 360,000 bpd, down from a forecast of 450,000 bpd in December.
CNOOC CEO Resigns After Less Than A Year In Latest Board Reshuffle
Tuesday, April 18, 2017 CNOOC says chief executive officer Yang Hua has resigned, less than a year after being appointed to the top spot.
Norway Deputy Oil Minister To Meet CNOOC As Oslo-Beijing Relations Thaw
Wednesday, April 05, 2017 Norway's deputy oil minister will meet top executives of CNOOC's to discuss possible cooperation ahead of the first visit by a Norwegian prime minister to China in a decade, officials said.
CNOOC Ties Up With Australia's FAR To Hunt For Oil, Gas Off West Africa
Friday, March 31, 2017 CNOOC Ltd agrees to team up with Australian minnow FAR Ltd to look for oil and gas prospects in what is seen as a promising frontier off Senegal and Gambia over the next 2 years.
Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks
Thursday, March 30, 2017 Cenovus Energy fell the most since its trading debut more than seven years ago after agreeing to buy Canadian oil assets from ConocoPhillips for C$17.7 billion ($13.3 billion) in a deal that increases its risks at a time of uncertain oil prices.
US Transparency Reversal Stings Canadian, European Oil Firms
Friday, February 03, 2017 Canadian and European oil companies could find themselves at a competitive disadvantage to their American rivals if US lawmakers scrap tighter transparency requirements on the industry.
China's Oil Majors Set To Lift CAPEX For First Time In Years
Thursday, January 26, 2017 China's oil majors are expected to pump up spending in 2017 for the first time in years, scrambling to squeeze more barrels of crude out of ageing domestic wells in the hope that higher prices are here to stay.
China To Tender More Xinjiang Oil, Gas Blocks To Non-State Firms
Monday, January 23, 2017 China will auction about 30 oil and gas blocks in the northwestern region of Xinjiang this year to investors outside the top state energy firms, state media reported.
CNOOC to Drill 126 Exploration Wells in 2017
Thursday, January 19, 2017 CNOOC Limited will drill 126 exploration wells and acquire approximately 5,000 square miles of 3D seismic data in 2017, according to its latest business strategy and development plan.
CNOOC Commences Production from Enping 23-1, South China Sea
Wednesday, January 18, 2017 China's CNOOC Limited has commenced production from the Enping 23-1 oilfields, located in the Pearl River Mouth Basin of the South China Sea.
CNOOC Starts Penglai 19-9 Output
Friday, January 13, 2017 CNOOC Limited reveals that Penglai 19-9 comprehensive adjustment project, located in the Bohai Sea, has commenced production.
Mexico Oil Auction Succeeds in Drawing World's Biggest Drillers
Tuesday, December 06, 2016 Mexico's first competitive deepwater oil auction surpasses expectations as eight of the 10 blocks are awarded to some of the world's top oil firms.
First Oil Flows from CNOOC's Enping 18-1 Field in Pearl River Mouth Basin
Thursday, September 22, 2016 CNOOC commences oil production at the Enping 19-1 field in the Pearl River Mouth Basin of the South China Sea.
CNOOC Commences Oil Production at Weizhou 6-9/6-10 Project in Beibu Gulf
Tuesday, September 13, 2016 CNOOC commences oil production at Weizhou 6-9/6-10 project in the Beibu Gulf in South China Sea.
Ifax: Gazprom Invites China's CNOOC to Take Part in Offshore Oil Exploratio
Tuesday, September 06, 2016 Gazprom invites CNOOC to take part in offshore oil exploration in Russia, according to the Interfax news agency.
China Oil Giants Unmoved By Bull Rally After Worst Earnings
Thursday, August 25, 2016 After posting their worst-ever half-year results, two of China's oil giants aren't getting carried away by crude's return to a bull market, forecasting a rocky path ahead.
China's CNOOC Swings To H1 Loss, Punished By Weak Oil, Gas Prices
Wednesday, August 24, 2016 CNOOC Ltd swings to a loss in the first half of 2016 as revenue sank almost by a third because of lower crude oil and natural gas prices.
China Oil Giants Seen Soothing Investors With Post-Crash Payouts
Tuesday, August 23, 2016 China's biggest oil companies may use special dividends to soothe investors after the collapse in energy prices.
Algeria's Hassi Bir Rekaiz Project JV to Submit Development Plan in 2017
Wednesday, August 17, 2016 Thailand's PTTEP and joint venture partners intend to submit development plan for the onshore Hassi Bir Rekaiz Project in eastern Algeria to the authorities in early 2017.