CNOOC Ltd (0883.HK)
18 Jan 2019
Fri, Jan 18 2019
BEIJING/SINGAPORE, Jan 18 China National Offshore Oil Company, or CNOOC, said on Friday it aims to double its exploration activities and proven oil and gas reserves in China over the next seven years, a target that will see the state oil firm expedite capital spending.
* Outage at Gorgon, planned maintenance at Bontang support prices
* Net debt at $3.1 bln (Adds details CEO comment, analyst comment)
SINGAPORE, Jan 16 China's state-owned CNOOC is temporarily storing liquefied natural gas (LNG) in a tanker off South Korea as a warmer than usual winter cuts expected spot demand for the fuel, industry sources said on Wednesday.
* CNOOC Ltd said on Tuesday its parent group China National Offshore Oil Corporation (CNOOC Group) has signed strategic agreements with nine foreign companies to conduct exploration at two oil and gas blocks in southern China
(Recasts; adds analyst comment on new exploration deals) BEIJING/SINGAPORE, Dec 19 China's CNOOC Ltd indicated a renewed commitment to oil and gas exploration on Tuesday as its chairman said it would raise spending to a record while signing strategic exploration agreements with nine firms for the South China Sea. The strategic agreements cover Blocks A and B in the Pearl River Mouth Basin in the northern section of the South China Sea, offshore Guangdong province.
BEIJING Chinese oil and gas major CNOOC's third-quarter revenue rose to 49.8 billion yuan (6 billion pounds), up from 37.25 billion yuan in the same period last year, its strongest third quarter performance since 2015, a Reuters calculation based on company filings to the Hong Kong stock exchange showed.
BEIJING China's CNOOC Ltd is considering selling parts of its U.S. oil assets in the Gulf of Mexico, a company spokeswoman said on Thursday, but added that it does not intend to fully exit the U.S. market.
BEIJING, Sept 27 China's CNOOC Ltd is considering selling parts of its U.S. oil assets in the Gulf of Mexico, a company spokeswoman said on Thursday, but added that it does not intend to fully exit the U.S. market.
BEIJING China's CNOOC Ltd is considering selling parts of the stakes in oil assets in the Gulf of Mexico it has no plan to invest in exploration, a company spokeswoman said on Thursday.