Chinese oil explorer CNOOC Ltd (0883.HK: Quote, Profile, Research, Stock Buzz) has made a sizeable light crude oil and gas discovery at its Jinzhou 25-1 field in Bohai Bay, off China’s northeastern coast, a government website said on Wednesday.
China’s State-owned Assets Supervision and Administration Commission (SASAC) said CNOOC’s discovery, which was in the “100 million [...]
Royal Dutch Shell PLC, Europe’s biggest oil company, had agreed to sell an annual 2 million tones of liquefied natural gas (LNG) to China in a 20-year agreement, Shell (China) Limited said Monday.
The agreement was signed between the European oil giant and PetroChina International Co., a wholly-owned subsidiary of PetroChina Company Limited (PetroChina), China’s largest [...]
China National Offshore Oil Corp.(CNOOC), China’s top offshore oil producer, and its partners may spend about 200 billion yuan ($29 billion) to develop fuel deposits in the South China Sea in the nation’s biggest push to tap reserves off the country’s coast.
The investments between next year and 2020 include an estimated 15 billion yuan by [...]
PetroChina Co, the country’s biggest oil and gas producer, posted a 30 percent increase in third-quarter earnings thanks to higher crude oil prices and increased output.
The company reported a net profit of 39.89 billion yuan from July to September. Earnings per share were 0.22 yuan, an increase of 0.05 yuan from the same period of [...]
China’s largest offshore oil producer CNOOC Ltd<883>, the listed arm of China National Offshore Oil Corp, said its unaudited total revenue surged 69.1% year-on-year to hit RMB 30.9 billion in the third quarter boosted by the rising oil and gas prices, market sources reported.
In the third quarter, its net daily production totaled 549,589 barrels of [...]
China National Offshore Oil Corp, parent of China’s largest offshore oil producer CNOOC Ltd<883>, has won approval from the National Development and Reform Commission (NDRC) on an oil terminal project in Huizhou, Guangdong province, according to Shanghai Secuties News on Friday.
Under the project, a 300,000-ton crude oil berth with a designed capacity of 18 million [...]
