Cnooc

China’s US$470 billion oil and gas splurge is just the start

The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon

A tariff war with the United States has pushed Chinese buyers to resell US-sourced cargoes and secure new supply deals as tit-for-tat tariffs drive up import costs.

China’s Cnooc agrees LNG deal with UAE’s Adnoc amid tariff war with US

[SINGAPORE] China National Offshore Oil Corporation (Cnooc) has agreed a term deal to buy liquefied natural gas (LNG) from Abu Dhabi National Oil Company (Adnoc), the third supply contract the Middle ...

The Chinese oil and gas major said CNOOC Energy Holdings USA entered into a sales agreement with a subsidiary of Ineos relating to CNOOC’s upstream oil and gas assets in the US part of the Gulf of Mexico.

China’s CNOOC sells US assets to Britain’s Ineos

CHINA National Offshore Oil Corp (CNOOC) has sold its US subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group Ineos, according to a statement iss...

Cnooc said net income rose to 36.9 billion yuan (S$6.8 billion), from 33.9 billion yuan last year.

Cnooc profit rises as expanded output offsets weaker demand

CNOOC posted a rise in third-quarter profit after the company offset lower crude oil prices with increased output.

CNOOC expects domestic natural gas production to maintain strong growth through 2030 and stands ready to monetise vast gas resources in Guyana, chief executive Zhou Xinhuai told the briefing.

China's CNOOC says fossil fuel crucial for the foreseeable future

The state-run company aims to pump 700 million to 720 million barrels of oil equivalent for 2024

Cnooc has invested heavily in the development of China’s offshore oil and gas reserves, as part of a broader push to offset declining output from aging onshore fields.

China’s Cnooc reports major oil and gas breakthrough in Bohai Bay

CHINA’S state-owned oil and gas firm Cnooc said on Monday (Jul 15) it achieved an exploration breakthrough in Bohai Bay, with a discovery well tested to produce about 210 cubic meters of crude oil and...

CNOOC's Lingshui 36-1 gas field, located in the western South China Sea, has been tested to produce over 10 million cubic metres per day of open flow natural gas.

China's CNOOC reports major gas breakthrough in South China Sea

CNOOC has achieved a major exploration breakthrough in an ultra-shallow gas play in ultra-deep water South China Sea, the state-owned oil and gas firm said on Thursday (Jun 6).

CNOOC began pumping the Russian crude last November into the 31.5 million-barrel storage base it has built in east China’s Dongying port.

China's CNOOC stockpiles Russian oil at new reserve base, traders, tanker trackers say

State-run China National Offshore Oil Co (CNOOC), one of the country’s top importers of Russian oil, has in recent months been pumping shipments of Espo blend from Russia’s Far East into a newly launc...

The discovery was made at the Qinhuangdao 27-3 oilfield located in the north-central waters of the Bohai Sea, CNOOC says.

China’s CNOOC discovers 100 million tonnes oilfield in Bohai Sea

CHINA’S CNOOC has made a major oilfield discovery in the Bohai Sea, adding over 100 million tonnes of oil equivalent proved in-place volume, the state-owned oil and gas giant said on Monday (Mar 18).

The reserve is located at CNOOC’s deepwater Kaiping South oilfield in the Pearl River Delta near Guangdong province, and contains light crude.

China's CNOOC makes 100 million ton oilfield discovery in South China Sea

Chinese state-owned oil and gas giant CNOOC has discovered a new reserve in the South China Sea containing over 100 million tons of oil equivalent proved in-place, the company said in a statement on F...