GO
Loading...

CNOOC Ltd

More

  • March 26- Hong Kong shares finished lower on Thursday in line with most Asian markets, which dropped due to tension in the Middle East and losses on Wall Street. But oil giants CNOOC and PetroChina bucked the trend, rising 1.5 percent and 0.9 percent respectively, as oil prices shot up nearly 6 percent after Saudi Arabia and Gulf Arab allies started air strikes...

  • SINGAPORE, March 19- Iraq has notified its exploration partners that it plans to start splitting its southern Basra oil production into two grades due to quality differences, and offer a heavier type of crude from May onwards, sources with knowledge of the matter said on Thursday. Holders of technical service contracts include Lukoil, Petronas, CNPC, CNOOC, BP,...

  • SINGAPORE, March 19- OPEC's second largest producer Iraq has notified its partners that it plans to start splitting its southern oil production into two grades and offer a heavier type of crude from May onwards, sources with knowledge of the matter said on Thursday. Iraq's State Oil Marketing Organization said it will allocate Basra Heavy crude, with an API...

  • CALGARY, Alberta, March 17- Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, said on Tuesday it will cut about 400 jobs in North America and the United Kingdom in response to plunging global oil prices. Nexen, which was bought by state-controlled CNOOC in 2013 for $15.1 billion, has begun to cut some 340 employees in North America, and started...

  • CALGARY, Alberta, March 17- Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, said on Tuesday it will cut about 400 jobs in North America and the United Kingdom in response to plunging global oil prices. Nexen, which was bought by state-controlled CNOOC in 2013 for $15.1 billion, will cut approximately 340 employees in North America and 60 at its UK...

  • LAUNCESTON, Australia, Feb 27- The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny. The Chinese authorities are mulling joining China National Petroleum Corp, the parent of PetroChina, and China Petrochemical Corp, the...

  • HONG KONG, Feb 23- Hong Kong shares ended little changed on Monday, with gains in Tencent Holdings offsetting weakness in casino operators and oil firms and as most investors stuck to the sidelines awaiting major corporate earnings later in the week. Conglomerate Hutchison Whampoa as well as property firms including Cheung Kong, Sun Hung Kai Properties and New...

  • *HSBC to announce earnings on Monday, Cheung Kong later the week. HONG KONG, Feb 23- Hong Kong shares dipped on Monday, with oil firms and casino operators leading the slide, as investors awaited direction from major corporate earnings later the week, marking a weak start to the Year of Goat. Property group Cheung Kong and conglomerate Hutchison Whampoa are set to...

  • *China raises initial 2015 oil product export quotas by 20 pct. China controls oil product exports through quotas to state-run refiners after assessing domestic needs. This year Sinopec Corp, CNOOC Ltd and PetroChina were given an oil product export quota of 9.75 million tonnes, up about 20 percent from the initial limit set for 2014, industry sources with...

  • Feb 17- China is considering combining its huge state-controlled oil companies to better compete with the world's biggest producers, the Wall Street Journal reported. Other options include merging China National Offshore Oil Corp, or CNOOC, and Sinochem Group, the report said. China said late last year that it would merge the country's top two state-owned...

  • BEIJING, Feb 8- A deepsea natural gas discovery in the northern part of the South China Sea has certified proven reserves exceeding 100 billion cubic metres, making it one of China's biggest offshore finds, Chinese state television reported. Offshore oil and gas specialist CNOOC Ltd announced the discovery last August after striking high flows of gas in the...

  • Hong Kong shares gain on Greece hopes, higher oil price Wednesday, 4 Feb 2015 | 3:07 AM ET

    Feb 4- Hong Kong shares rose in line with most Asian markets, lifted by a rebound in the oil price and encouraging developments in Greece. The energy sector led gains in Hong Kong on Wednesday, sparked by the recent rally in oil prices. Among the most actively traded main board stocks were Chaoda Modern Agriculture Holdings Ltd, down 6.0 percent at HK $0.40; Unity...

  • SINGAPORE, Feb 4- Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 percent over the past four sessions. Brent crude was 50 cents lower at $57.41 a barrel by 0336 GMT, after gaining almost 6 percent on Tuesday and off a near six-year low of $45.19 reached in mid-January.

  • U.S. oil prices drop around 2 pct after 4-day rally Tuesday, 3 Feb 2015 | 7:25 PM ET

    SINGAPORE, Feb 4- U.S. crude futures fell more than 2 percent in early Asian trade on Wednesday, after a tumbling dollar had pushed up prices by about 19 percent over the last four sessions. Estimates by industry group American Petroleum Institute that U.S. crude stockpiles rose more than 6 million barrels last week, in a fifth straight week of climbs, helped drive...

  • *Half of the assets on sale are in North America. *North Sea could prove a hard sell. LONDON, Jan 30- With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of who will blink first to set the M&A scramble in motion.

  • HONG KONG, Jan 22- International law firm Dentons and China's Dacheng Law Offices have agreed on a merger that is expected to create the world's largest law firm and would be only the second time a global firm and a domestic Chinese firm have joined forces. A spokeswoman for Dentons said partnerships of both firms had approved the deal and that China's Ministry of...

  • Dec 21- CNOOC Ltd's Nexen unit said on Sunday it was shutting operations at an oilfield and processing facility in Yemen, where the Islamist militant al Qaeda group is operating, due to a security threat. Yemen has been in turmoil since 2011 mass protests forced veteran president Ali Abdullah Saleh to step down, and tensions have increased since Shi'ite Muslim...

  • Dec 21- CNOOC Ltd's Nexen unit is shutting operations at an oil field and processing facility in Yemen due to a security threat, a Nexen spokeswoman said on Sunday. The spokeswoman said Nexen determined there is an undue risk for staff working at its Block 51 field operations and BAK PF processing facility in Yemen. China's CNOOC acquired Calgary, Alberta- based...

  • US alliances in Asia strained amid China's influence Saturday, 8 Nov 2014 | 9:57 PM ET
    President Barack Obama speaking at the White House, November 5, 2014.

    As Washington seeks to expand American interests in Asia, some U.S. partners have shown less willingness to challenge Beijing.

  • It includes deployment of American Marines in Darwin, Australia, stepped up U.S. naval visits to the Philippines and many more joint drills with that nation's armed forces, as well as the lifting of a ban on lethal weapons sales to Vietnam. But just as Washington seeks to expand American interests in Asia as a counterpoint to China's growing influence, some U.S....