Post Tagged with: "CNOOC"

Source: Reuters

Vessel carrying Guyana’s first-ever oil cargo sets sail for the U.S.: Tanker Trackers

Reuters


A vessel carrying about 1 million barrels crude oil from Guyana set sail on Monday for the United States, according to vessel tracking service TankerTrackers.com, ushering the tiny South American nation into ranks of the world’s oil exporters.

The …

Oil Company Layoffs Hitting Canada

Oil Company Layoffs Hitting Canada

Spanish energy giant Repsol cuts 30% of Canadian staff with layoffs in Calgary, Chauvin and Edson

From Reuters

NEW YORK/CALGARY — Spanish energy company Repsol SA is cutting about 30 per cent of its Canadian workforce as part of global …

June 19, 2019 - 6:18 am Canada News, Closing Bell Story‎, Jobs, Oil & Gas Jobs
CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf

CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf

By Bevo Beaven, Editor, Oil & Gas 360

Maersk Drilling (stock ticker: DDRLF) said that its customer CNOOC subsidiary CNOOC Petroleum Europe has exercised a one-well option for its Mærsk Innovator jack-up rig in the North Sea. CNOOC will use …

Source: SBM Offshore

Petrobras Gets New Offshore Partner

FPSO Mero 2 expected to produce 180,000 BOPD
SBM Offshore N.V., a holding company headquartered in Amsterdam, signed a letter of intent this week with Petróleo Brasileiro S.A. (Petrobras) for a 22.5-year lease to operate its floating production storage and

Source: Novatek

CNOOC to Take 10% of Novatek Arctic LNG 2 Project

CNOOC Limited Signed a Heads of Agreement with JSC Novatek for the Arctic LNG 2 Project

April 26, 2019 - 7:36 am China, Closing Bell Story‎, LNG, Press Releases
CNOOC Produces Net Total of 120 Million BOE for Q1 2019

CNOOC Produces Net Total of 120 Million BOE for Q1 2019

CNOOC Limited Announces Key Operational Statistics for Q1 2019

April 25, 2019 - 4:38 am China, Closing Bell Story‎, Press Releases
Anadarko Secures 1.5 MTPA LNG Sale and Purchase Agreement With CNOOC

Anadarko Secures 1.5 MTPA LNG Sale and Purchase Agreement With CNOOC

Anadarko Announces LNG Sale and Purchase Agreement With CNOOC

February 1, 2019 - 5:00 am Closing Bell Story‎, LNG, Press Releases
CNOOC Makes UK North Sea Gas Discovery

CNOOC Makes UK North Sea Gas Discovery

CNOOC Limited Announced a New Discovery in UK North Sea

CNOOC Signs Strategic Agreements with 9 Oil Majors

CNOOC Signs Strategic Agreements with 9 Oil Majors

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

CNOOC 2018: 470 MMBOE Target, $11 Billion CapEx

CNOOC 2018: 470 MMBOE Target, $11 Billion CapEx

CNOOC Limited (ticker: CEO) plans to target 470-480 MMBOE for its net production goal in 2018. The geographic production areas are split between China (64%) and overseas (36%). The company’s net production for 2017 stood at approximately 469 MMBOE. As …

China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China on a tear to expand domestic gas output and diversify its natural gas imports

China’s quest for natural gas

“China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” …

(FILES) This file photo dated 08 September, 2004 shows a PetroChina gas station attendant in Beijing returning the nozzle at the pumps.  Fidelity Investments, the world's largest mutual fund firm, has sold the bulk of its American Depositary Receipts (ADR) in PetroChina amid pressure from United States activists upset over its parent's interests in Sudan, reports said 17 May 2007.  AFP PHOTO / FILES / Frederic J. BROWN

Is China’s Energy Sector Becoming a Dinosaur?

“We are a big elephant already. If we don’t reform ourselves faster, we will become a dinosaur” – Fu Chengyu, former Chairman of Sinopec and CNOOC

China’s oil and gas industry is at risk of falling behind the times, according …

December 1, 2016 - 4:47 pm China, Closing Bell Story‎, Oil and Gas 360 Articles
Job Security Comes at a Price for Chinese Oil and Gas Companies

Job Security Comes at a Price for Chinese Oil and Gas Companies

Maintaining employment strains Chinese oil and gas firms’ shrinking profits

Many international oil and gas companies have responded to the steep drop in prices since November 2014 by cutting expenditures. Companies have achieved better financial metrics by increasing efficiencies in …

China’s Oil Imports Up 20%

China’s Oil Imports Up 20%

Saudi Arabia and Russia vie for market share in China

Monthly oil imports to China in February were 20% higher in 2016 than the year before. The increased level of imports in February were the highest ever on a daily …

OPEC’s Strategy is Working – in China

OPEC’s Strategy is Working – in China

Sinopec shuts-in four production sites

As the oil price slump continues amid OPEC’s battle to maintain market share, the group’s goal of eliminating high-cost production appears to be working, but perhaps not where OPEC had originally hoped.

Sinopec (ticker: SNP), …

CNOOC to Cut Production and Spending

CNOOC to Cut Production and Spending

CNOOC’s 2016 plan looks to lower production for the first time in a decade

Lower oil and gas prices are forcing at least one of China’s producers to lower its production goal for 2016. In a press release Tuesday, China …

China Set to Form State Oil and Gas Midstream Company

China Set to Form State Oil and Gas Midstream Company

China looks to break oil and gas monopoly with new structure, further reforms

The Chinese government is moving forward with plans to shake things up at its oil and gas monopolies.

Reports say China will take the oil and gas …

Source: CNOOC

CNOOC to Resume 75% of Oil Sands Production

Alberta regulator calls for partial shutdown at CNOOC project

The Alberta Energy Regulator (AER) recently announced that it would partially lift a suspension order it issued August 28 against China National Offshore Oil Corp (CNOOC, ticker: CEO) subsidiary Nexen Energy …

CNOOC Starts Production at 36 MBOPD Offshore Project

CNOOC Starts Production at 36 MBOPD Offshore Project

China’s largest offshore producer announced that it has begun production at its offshore expansion project

China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced this week that it has begun production at its Qinhuangdao 32-6 Bohai Sea Map NOAA
comprehensive adjustment project. Once the …

March 11, 2015 - 6:15 pm International, Offshore, Oil and Gas 360 Articles
China Considering Mega-Mergers

China Considering Mega-Mergers

The Chinese government is considering merging state-owned oil companies in order to increase efficiency.

China is considering mergers of its state-run oil companies in order to create national champions that could compete with the likes of ExxonMobil (ticker: XOM) and …

February 17, 2015 - 3:35 pm International, Oil and Gas 360 Articles
CNOOC Confirms one of China’s Largest Offshore Discoveries

CNOOC Confirms one of China’s Largest Offshore Discoveries

CNOOC’s discovery in the South China Sea has more than 100 Bcm in reserves 

China National Offshore Oil Corporation’s (CNOOC) deepsea natural gas discovery in the northern part of the South China Sea has certified reserves exceeding 100 Bcm (3,531 …

February 11, 2015 - 3:54 pm International, Offshore, Oil and Gas 360 Articles

Petrobras Announces Production Sharing Contract with Four Companies, Prepares to Develop Libra Basin

Petróleo Brasileiro S.A., or Petrobras (ticker: PBR), is the state-run oil company of Brazil and has operations in 24 countries across five continents. It is the largest producer in South America and participates in E&P, refining, trade, transportation, petrochemicals, oil …

October 23, 2013 - 3:00 pm Oil and Gas 360 Articles, OPEC, Regulatory