Cnooc News

China National Offshore Oil Corporation Limited, the listed unit of the country's largest offshore oil producer, announced Thursday that the company has made a new oil discovery in the Bohai Sea.

The credit profile of CNOOC's core subsidiary CNOOC Ltd. supports the parent's SACP.

There are many situations where the mind of a businessman can solve problems and break deadlocks where the mind of a politician cannot.

It's crazy to think that in just the last three years, China has become the world's second largest economy, the world's largest energy consumer, and the world's second largest oil consumer.

The rating on CNOOC Ltd. reflects the company's strong stand-alone credit profile and Standard & Poor's Ratings Services opinion that there is an "extremely high" likelihood that the government of China will provide sufficient and timely extraordinary support to CNOOC Ltd.

China National Offshore Oil Corp. , the country's largest offshore oil producer, has signed a product-sharing contract with an Australian company on an oilfield in the Bohai Sea.

Taiwan government-owned refiner CPC Corp. said Friday that it and Cnooc Ltd. will decide in August or September whether to continue joint gas exploration in the southern waters of the Taiwan Strait.

Philippine ports tycoon Enrique Razon is opposing a plan by Philex Mining Corp. chair Manuel Pangilinan to bring in a Chinese company as a partner in tapping natural gas deposits in Recto Bank off the coast of Palawan province in west Philippines.

China 's first deep-water rig began operations near an island chain in the South China Sea, a move Cnooc Ltd.

's big state companies, confident on the outlook for domestic natural gas reforms, are buying up local distributors and raising fresh capital - and making gas the hottest prospect for energy investment in the world's top energy consumer.

The rig, CNOOC-981 is pictured above. The development is major technological progress for China, which claims to have developed the new platform indigenously through its state-owned corporation, China National Offshore Oil Corporation [ : CEO, Hong Kong: 0883]. It also occurs in an area where China has clashed recently with neighbors including the ... (more)

Nexen Inc said it did not find oil or natural gas in commercial quantities at its Kakuna exploratory well in the Gulf of Mexico and was abandoning it.

Excellence in FPSO Design, Construction & Operations in China 2012: Gaining Key Insights into FPSO and FLNG Development and Projects in China.

ConocoPhillips agreed to pay around $297 million, or 1.8 billion yuan to compensate for an oil spill in Bohai Bay China last year.

Conoco Phillips reported the company's last full quarter as an integrated oil operator as the company is set to complete the spinoff of its non upstream operations into a separate company on May 1, 2012.

Last year's series of oil spills off the coast of northern China costs ConocoPhillips and its partner Cnooc 1.683 billion yuan, or $266.9million, according to China's State Oceanic Administration.