CNOOC Company News
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CNOOC 3Q Revenue Rises; Only Halfway To 2017 Spending Goal
Wednesday, October 25, 2017 Third-quarter revenue rose at CNOOC because of higher oil and natural gas prices but the company's capital spending has lagged its goal.
CNOOC Completes Test Runs at Huizhou Refinery in Guangdong - Report
Monday, October 09, 2017 CNOOC completed trial runs at its 200,000-bpd Huizhou refinery in the southern Guangdong province on Oct. 2, China Securities Journal reported on Monday.
Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction
Thursday, September 28, 2017 Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday.
China's CNOOC Begins Oil Partner Hunt in Mexico Deep Waters
Friday, September 15, 2017 CNOOC is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach.
China's CNOOC Ends Feasibility Study For Western Canadian LNG Terminal
Thursday, September 14, 2017 CNOOC says it will end the feasibility study for its LNG export terminal on British Columbia's coast due to low global commodity prices.
Alberta Regulators Charge Nexen Energy Over 2015 Pipeline Spill
Thursday, July 06, 2017 Alberta regulators charge Nexen Energy, a wholly-owned subsidiary of CNOOC Ltd, for a pipeline spill in July 2015.
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.
Husky, CNOOC Ink Deal to Lower Gas Prices from Liwan Gas Project off China
Wednesday, August 03, 2016 Husky and CNOOC ink deal to lower natural gas prices from their Liwan Gas Project in the South China Sea.
CNOOC Warns Of $1.2B Loss Amid Oil Sands Writedown
Friday, July 29, 2016 CNOOC Ltd., China's biggest offshore oil and gas producer, projects about $1.2 billion in first-half losses, flipping from a profit a year ago, as it took a charge on its Canadian oil sands assets.
Philippines' Oil Still In Troubled Waters After South China Sea Ruling
Friday, July 22, 2016 The Philippines, eager to resume development of vital oil and gas reserves off its coast, will likely need to reach an accord with a Chinese government infuriated by last week's ruling that granted Manila a big victory in the South China Sea.
Philex Seeks Foreign Partner to Explore for O&G in Parts of South China Sea
Friday, July 15, 2016 Philex Petroleum is looking a foreign partner to explore for oil and gas in parts of the South China Sea.
China's Oil, Coal Output Slides in Sign of More Imports to Come
Friday, July 15, 2016 The world's biggest consumer of energy is producing less of it.
CNOOC Cutbacks at Long Lake Oil Sands Site Caps Years of Trouble
Thursday, July 14, 2016 CNOOC's decision this week to idle part of its Long Lake oil sands operation in Alberta comes after five years of problems cemented the site's reputation as one of the most troubled projects in the region.
China's Hilong to Install Jackets for Indonesia's Madura MDA-MBH Project
Monday, June 20, 2016 China's Hilong Petroleum Offshore Engineering Co. secures a contract from PT Timas Suplindo to install jackets for the Husky-CNOOC Madura Ltd.'s Madura MDA-MBH project offshore Java, Indonesia.
China's March To Biggest Oil Importer Hits US Shale Roadblock
Friday, June 17, 2016 The world's biggest oil importer. The title nobody wants.
CNOOC Appoints New CEO
Wednesday, June 15, 2016 CNOOC Limited appoints Yang Hua as its new CEO, amid a flurry of other managerial changes.
China Plans Oceanic 'Space Station' In South China Sea
Wednesday, June 08, 2016 China is speeding up efforts to design and build a manned deep-sea platform to help it hunt for minerals in the South China Sea, one that may also serve a military purpose in the disputed waters.
Primeline to Commence Arbitration Against CNOOC Over China's Offshore Block
Wednesday, May 25, 2016 Primeline Energy to commence arbitration proceedings against joint venture partner CNOOC under the provisions of the petroleum contract for Block 25/34 in East China Sea.
Canada's Oil Sands Producers Prepare to Re-Enter Evacuated Sites
Monday, May 23, 2016 All of the Canadian oil sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno.
No Big Bang, But Quiet Reforms Reshaping China's Oil And Gas Sector
Thursday, May 12, 2016 Expect no radical "big bang" in China's shake-up of its giant state-run energy firms, but a series of experimental and incremental steps that Beijing has quietly embarked on may still bring meaningful change to an economically crucial sector.
Primeline Enters into Phase 2 Exploration of Block 33/07 in East China Sea
Thursday, May 05, 2016 Primeline Energy enters into the second phase of its exploration commitment for Block 33/07 in East China Sea.
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.