CNOOC warned by HSE over lack of inspections at Buzzard
The UK safety regulator has warned CNOOC over its inspection routines for process equipment on board the North Sea’s Buzzard platform.
China National Offshore Oil Corporation (Cnooc)
Philippines court finally rejects China, Vietnam exploration deal
For PNOC to provide information to the state on the area, it would require approval from CNOOC and Petrovietnam. This, the Supreme Court said, was unacceptable.
MPs warn of risk posed by Chinese North Sea investments
Several senior MPs have claimed Chinese involvement in North Sea oil and gas operators presents a “very real risk to security”, as the UK’s diplomatic stance continues to harden.
China’s Cnooc doubles first half profit to $10bn on surge in oil prices
China’s biggest offshore oil driller said it more than doubled first half profits from a year ago amid a surge in oil and gas prices.
China oil giant Cnooc jumps as much as 44% in mainland debut
Cnooc Ltd jumped as much as 44% in its first day of trading in Shanghai as mainland investors leaped at the chance for exposure to soaring oil and gas prices.
CNOOC launches China’s first offshore carbon capture project
China's top offshore oil and gas producer, CNOOC, has launched the country's first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more than 1.46 million tonnes of carbon dioxide, reported Reuters.
Energy sector at risk from U.S.-China flashpoints
The increasing geopolitical rivalry between the U.S. and China has more than a 50% chance of spilling over into some form of military confrontation in the year ahead. This could involve threats, posturing, or the actual use of force, as well as have serious implications for energy companies and markets.
Chinese oil majors undervalued
Analysis from investment house Bernstein suggests that the Chinese oil majors - CNOOC, Sinopec and PetroChina - offer a potential 30% upside as they trade at a wide discount to historic prices and global peers.
Woodside stops Myanmar work after violence
Australia’s Woodside Energy is reducing its presence in Myanmar and expects to fully demobilise its offshore exploration drilling team over the coming weeks following reports of human rights violations in the Southeast Asian nation.
COSL benefits as China offshore capex surges
China Oilfield Services Limited (COSL) is expected to have another solid year in 2021 as offshore capital spending is set to surge to record levels in China.
CNOOC’s capital spend set at $15bn, highest since 2014
CNOOC, China’s third-biggest oil company, aims to raise its capital spending this year to between 90 billion and 100 billion yuan ($15 billion), the highest level since 2014, bucking the industry trend.
CNOOC at risk of delisting in US as sanctions bite
Chinese oil majors may be next in line for delisting in the US after the New York Stock Exchange said last week it would remove the Asian nation’s three biggest telecom companies.
CNOOC profits and production drop during Riddoch’s final year
CNOOC saw profits and production tumble for its North Sea business in Ray Riddoch’s final year at the helm of the operating company.
InterMoor wins deepwater deal with Cnooc subsidiary
Aberdeen-based InterMoor, a member of subsea group Acteon, has announced a new deepwater deal with China Offshore Oil Engineering Company (Cooec), a subsidiary of China National Offshore Oil Corporation (Cnooc International).
Nexen changes name to Cnooc International
Oil and gas operator Nexen has officially changed its name to Cnooc International.
Aker Solutions wins mammoth subsea deal with Cnooc
Norwegian oil services firm Aker Solutions has announced a mammoth subsea deal with China National Offshore Oil Corporation (Cnooc).