CNOOC Company News

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CNOOC's Latest Penglai Phase Starts Production
Tuesday, May 26, 2020A new wellhead platform has been built, with 47 wells planned in total.

CNOOC's Productivity Hit Records in 2019
Thursday, March 26, 2020CNOOC saw multiple operating indicators reach record levels in 2019, according to its recent year-end results.

CNOOC Names New President, Executive Director
Monday, March 23, 2020Xu Keqiang has resigned from the role of President.

CNOOC Makes Large Bohai Bay Discovery
Tuesday, March 17, 2020The well was tested to produce around 1,178 barrels of oil per day.

Global Oil, Gas Discoveries Hit Four-Year High in 2019
Thursday, February 06, 20202019 was the best since 2015 for new hydrocarbon supplies.

Guyana Becomes Oil Producer
Monday, December 23, 2019Exxon Mobil Corp. and partners Hess Corp. and CNOOC Limited reported that the Liza field in the Stabroek Block offshore Guyana has achieved first oil.

Offshore Canada Drilling Clears Hurdle
Wednesday, December 18, 2019CNOOC International's proposed Flemish Pass Exploration Drilling Project offshore Newfoundland and Labrador can proceed.

Brazil Aiming to Double its Oil Production
Friday, November 29, 2019Future expansion depends on access to capital, high-end tech from foreign investors and big oil companies with deepwater and pre-salt expertise.

Brazil's Largest Ever Oil Auction Flops
Wednesday, November 06, 2019State-controlled Petrobras did most of the bidding while other major oil companies stayed away.

The Top 10 Ideal NOC Employers
Thursday, August 29, 2019Presenting the highest-scoring NOCs in Rigzone's 2019 Ideal Employer Survey!

Big Oil Feels Gas Pain as Asia LNG Nears 10-Year Low
Wednesday, July 31, 2019Natural gas in Asia is heading toward the lowest price in a decade, possibly extending pain for global oil majors suffering from the fuel's weakness.

Deepwater GOM Pipeline System Starts Up
Thursday, July 25, 2019Williams has acquired and placed into service the Norphlet deepwater gas gathering system.

Argentinean LNG May Enjoy Geographic Advantage
Monday, June 17, 2019Argentina's southern hemisphere location could lure Asian LNG buyers.

CNOOC Leading the Way for China's NOCs
Friday, January 25, 2019CNOOC has laid out a bullish plan, but keep it in the proper context, says analyst.

China's Surging Gasoline Exports Hurting Regional Refiners
Tuesday, January 15, 2019Fitch Solutions Macro Research identifies factors driving growth in China's gasoline exports.

Shell and CNOOC Eye Closer Petchems Collaboration
Wednesday, October 24, 2018CNOOC Chairman Yang Hua and Shell CEO Ben van Beurden shake hands at the signing event as Chinese Premier Li Keqiang and Dutch Prime Minister Mark Rutte look on. SOURCE: Shell

Uganda Expects to Miss Target for First Oil
Monday, September 24, 2018Uganda said it expects to miss its 2020 target for the East African nation's first crude production.

Uganda's National Oil Firm, China's CNOOC Sign Exploration Deal
Thursday, September 06, 2018Uganda's national oil firm and CNOOC sign an agreement to jointly conduct exploration in a new block.

Hammerhead-1 Strikes Offshore Guyana
Thursday, August 30, 2018The hits keep on coming offshore Guyana, where ExxonMobil, Hess and CNOOC's Nexen unit have made their ninth discovery.

CNOOC Posts Best Half-Year Profit Since 2015, Domestic Oil Output Drops
Thursday, August 23, 2018CNOOC says its profits climbed 57% year-on-year in the first half of 2018, boosted by higher crude prices and robust gas sales.

Media: China CNOOC Plans $2.2B LNG Terminal In East China
Friday, June 29, 2018CNOOC plans to build a receiving terminal of LNG in the eastern province of Jiangsu.

Total To Start Uganda Oil Production In 2021 At The Earliest
Tuesday, June 19, 2018Total says it expects to start producing oil in Uganda in 2021 at the earliest.

China's CNOOC Sees Ugandan Oil Production Starting In 2021
Wednesday, June 13, 2018Oil production in Uganda is likely to start in 2021 at the earliest, China's CNOOC said, giving a later date than the government's 2020 target.

Philippines' Phoenix Petroleum, China's CNOOC Partner For LNG Terminal
Tuesday, June 05, 2018Phoenix Petroleum says it had agreed to partner with a subsidiary of CNOOC to explore building a receiving terminal for LNG in the country.

China's Cnooc Sees Likely Start of Uganda Oil Field in 2021
Thursday, May 24, 2018Cnooc says production at Kingfisher field will probably start in 2021.

Indonesia Compensates Pertamina with Oil Block Handover
Friday, April 20, 2018Pertamina has signed deals to take over rights to eight expiring oil field blocks previously held by firms including Chevron, CNOOC and Inpex, Indonesian energy ministry officials said.

CNOOC Sells LNG In Debut Shanghai Auction As China Aims To Boost Supplies
Wednesday, April 18, 2018CNOOC sells LNG cargoes on a domestic exchange for the first time.

Oil's Heavy Hitters Line Up to Dive Into Mexico's Deep Waters
Friday, January 26, 2018The sale will be Mexico's biggest, in terms of fields and expected investment, since Pemex's monopoly ended in 2013.

Iceland's Oil Dream in Peril as China, Norway Give Up Last Block
Tuesday, January 23, 2018Iceland's hope of finding oil offshore its coast is fading.

ExxonMobil Reports More Offshore Guyana Success
Friday, January 05, 2018Ranger-1 is sixth in string of world-class discoveries offshore South American country.

CNOOC 3Q Revenue Rises; Only Halfway To 2017 Spending Goal
Wednesday, October 25, 2017Third-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, 2017CNOOC 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, 2017Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday.

China's CNOOC Begins Oil Partner Hunt in Mexico Deep Waters
Friday, September 15, 2017CNOOC 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, 2017CNOOC 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, 2017Alberta 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, 2017The 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, 2017Energy 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, 2017CNOOC 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, 2017Norway'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, 2017CNOOC 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, 2017Cenovus 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, 2017Canadian 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, 2017China'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, 2017China 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, 2017CNOOC 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, 2017China'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, 2017CNOOC 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, 2016Mexico'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, 2016CNOOC commences oil production at the Enping 19-1 field in the Pearl River Mouth Basin of the South China Sea.