CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today it has filed with the United States Securities and Exchange Commission ("SEC") its 2019 annual report on Form 20-F ("annual report on Form 20-F") that included audited financial statements for the year ended December 31, 2019.
CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced appointment of Executive Director and change of President. Mr. Hu Guangjie has been appointed as an Executive Director and the President of the Company. Mr. Xu Keqiang has resigned as the President of the Company, and he remains as an Executive Director and the Chief Executive Officer of the Company. The aforementioned changes take effect from March 20, 2020.
CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project has commenced production.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CNOOC Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
While LNG prices plunge due to a supply glut, this gives Sinopec (SNP) a leverage over Cheniere, which is the supplier in the potential $16-billion LNG deal.
CNOOC Limited has announced that the offshore Bozhong 34-9 oilfield has commenced production.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
CNOOC Limited Announces A Large-sized Discovery Kenli 6-1 in Bohai
HONG KONG , April 29, 2020 /CNW/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the first quarter of 2020. The Company achieved a total net production of 131.5 million barrels of oil equivalent ("BOE") for the first quarter of 2020, representing an increase of 9.5% year-over-year ("YoY"). Production from China increased by 9.7% YoY to 87.1 million BOE, mainly attributable to commencement of new projects and the acquisition of China United Coalbed Methane Corporation Limited.
S&P Global said on Thursday that China National Offshore Oil Corp's (CNOOC) recent declaration of force majeure on some liquefied natural gas (LNG) imports will not affect its ratings or that of Australian LNG exporters. CNOOC, China's biggest LNG importer, has invoked force majeure to suspend contracts with at least three suppliers, two sources told Reuters on Feb. 6.
BEIJING/SINGAPORE, March 25 (Reuters) - China's national offshore energy producer CNOOC Ltd reported a 15.9% rise in 2019 profit on Wednesday, its best performance in five years thanks to higher oil and gas output and persistent cost control. CNOOC, one of the industry's lowest-cost explorers and producers, had planned to lift capital spending this year to its highest level since 2014 but the plan might be clouded by the coronavirus outbreak and plunging oil prices. "As the coronavirus outbreak increases uncertainties in global economy and oil prices fall sharply ... the company will implement more stringent cost controls and more prudent investment decisions," said the company statement.
CNOOC Limited Announces Bozhong 34-9 Oilfield Commences Production
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China National Offshore Oil Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
A report by a nonprofit watchdog group critical of Exxon Mobil Corp's oil contract with Guyana has rekindled a debate over whether the deal is too generous to the company, just a month before a crucial presidential election. In a report http://www.globalwitness.org/exxonguyana published Monday, London-based anti-corruption group Global Witness said the U.S. oil major's 40-year deal to produce crude in the offshore Stabroek block would deprive the government of up to $55 billion in revenue over the life of the contract, compared with deals in other countries. The discovery of more than 8 billion barrels of oil and gas offshore Guyana by an Exxon-led consortium, which includes Hess Corp and China's CNOOC, will transform the economy of the poor South American country.
CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its 2019 annual results for the year ended December 31, 2019.
Exxon Mobil's oil contract with Guyana would be exempt from a review of the South American nation's deals if the opposition wins the March 2 election, the party's top candidate said. While his People's Progressive Party (PPP) has criticized President David Granger's 2016 deal with Exxon as too generous, Irfaan Ali called the company - whose 1 million barrel cargo of Guyana's first-ever crude production set sail on Monday - a "pioneer" in an interview over the weekend. The PPP's platform pledged to "immediately engage the oil and gas companies in better contract administration/re-negotiation." Other companies exploring off Guyana's coast include Britain's Tullow Oil, Spain's Repsol SA and France's Total.
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Hess and CNOOC
Exxon Mobil Corp said on Tuesday the start of production at its Payara project in Guyana, its third major development in the world's newest offshore oil hotspot, could be delayed as the company scales back spending due to the crude price crash. Payara's startup had been slated for "as early as 2023" and was expected to eventually produce some 220,000 barrels per day of crude, according to Exxon's website. The firm and its partners Hess Corp and China's CNOOC Ltd have discovered more than 8 billion barrels of recoverable oil in the South American country, which has no history of production.