CNOOC Ltd<0883><CEO> on Nov. 13 signed a memorandum of understanding with Qatargas to purchase 5 million tons of liquefied natural gas every year, bringing the annual supply volume to 7 million tons, sources reported.Last year, CNOOC inked a 25-year LNG contract to acquire two million tons from...
CNOOC Ltd<0883><CEO>, a subsidiary of China National Offshore Oil Corp, on Thursday announced that it halted the production at its BZ25-1 oil field in Bohai Bay on Nov. 10 after being hit by strong winds, according a statement filed with the Hong Kong Stock Exchange.The BZ25-1 field, which is 83.8%-held by...
China National Offshore Oil Corp. (CNOOC), the country's leading offshore oil producer, has signed an agreement with Qatargas to buy more liquefied natural gas (LNG) from the latter to meet the growing domestic demand. The two parties signed a memorandum of understanding (MOU) on Friday, under wh...
China National Offshore Oil Corp has bought an interest in oil field leases in U.S. waters in the Gulf of Mexico from Norwegian oil company Statoil ASA, the Wall Street Journal reported.According to the report, Statoil ASA sold 20% of its share in one lease and 10% in each of the other three leases.CNOOC has thus...
Norwegian energy group Statoil announced Wednesday that it had sold parts of its oil assets in the Gulf of Mexico to China National Offshore Oil Corporation (CNOOC). If approved by the US government, CNOOC would be the first Chinese energy company to enter the US market. The deal involves the sal...
CNOOC Ltd<0883><CEO>, a subsidiary of the China National Offshore Oil Corp, announced that it has discovered a new oilfield in the central and northern part of the Bohai Sea, sources reported. The new find, to be called Qinhuangdao 35-4 or QHD35-4, is at a depth of about 26 meters and is estimated to produce...
China National Offshore Oil Corporation (CNOOC), China's largest offshore oil and gas producer, recorded revenue of 23.74 billion yuan in the third quarter this year, down 23.1 percent from a year earlier due to weaker oil prices, in an announcement published by CNOOC Thursday. According to the ...
China National Offshore Oil Corp, the parent of CNOOC Ltd<0883><CEO>, on Oct. 18 received the first shipment of liquid natural gas, totaling 216,000 cubic meters, from Qatar at Dapeng LNG terminal in Shenzhen, Guangdong Province, sources reported.According to the contract signed with Qatargas,...
BEIJING, Oct 20 - State-owned China National Offshore Oil Corporation (CNOOC) has received its first cargo of liquefied natural gas (LNG) from Qatar, the China Daily reported on Tuesday. The first shipment, of 216,000 cubic...
By Chen Yang A CNOOC oil exploration platform in the Bohai Sea off the east coast of China. [Agencies] The China National Offshore Oil Corporation (CNOOC) ranked 16th on this year's list of the world's best companies released by Business Week recently, becoming the country's first State-owned en...