Cnooc News

With U.S. stock markets surging over the last few months, investors still looking to put more cash into the market, but wary of the possibility of froth in the U.S. markets, may need to look outside this country for attractive opportunities.

From left, Sangyan Xu, Third Secretary Commercial Office of the Embassy of the People's Republic of China; Selwyn Lashley, Permanent Secretary , Ministry of Energy; Huang Xingyuan, Ambassador of the People's Republic of China; Energy Minister Kevin Ramnarine; Liu Ying, First Secretary Commercial Office of the Embassy of the People's Republic of ... (more)

Nigel Wright, former chief of staff for Prime Minister Stephen Harper, resigned on Sunday, days after the disclosure that he had written a personal cheque for $90,000 to Senator Mike Duffy to help him repay erroneously claimed expenses.

The trailing-twelve-month revenue at China Petroleum & Chemical is $444.25 billion.

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.

The plan includes a 30,000 barrels a day refinery initially and an export pipeline to carry the crude from the Lake Albert Rift basin oil fields that Tullow is developing with partners Total SA and China's CNOOC Ltd.

Husky Energy Inc , Canada's No. 3 integrated oil company, said on Tuesday its $6.5 billion Liwan Gas Project in the South China Sea was on track to start production in late 2013 to early 2014.

Li Fanrong, CEO of CNOOC Ltd., and interim Nexen Inc. CEO Kevin Reinhart last year, just after the Chinese state-owned CNOOC took control of Calgary oil and gas producer Nexen.

BG Group signs a binding $1.93B agreement with Cnooc to supply liquefied natural gas and for an equity stake in BG's Queensland Curtis LNG project in Australia.

New mega bond offers by Citic Securities and CNOOC indicate foreign investors may be increasingly willing to help Chinese firms finance their global M&A. Doug Young has lived and worked in China for 15 years, much of that as a journalist for Reuters writing about Chinese companies.

According to one Calgary-based financier, China is still hot for Canadian Energy.

The Nexen oil sands facility near Fort McMurray, Alberta. The federal government approved China's biggest overseas energy acquisition, a $15.1 billion takeover by state-owned CNOOC for Nexen.

CNOOC opened at 184.65 on Friday. CNOOC has a 1-year low of $171.00 and a 1-year high of $226.77. The stock's 50-day moving average is currently $185.6. The company has a market cap of $82.439 billion and a price-to-earnings ratio of 8.17. Several other analysts have also recently commented on the stock.

The Notes will be issued by CNOOC Finance Limited, a wholly owned subsidiary of the Company incorporated in the short-term credit facility that was entered into for the purpose of financing the Company's recent acquisition of Nexen Inc.

Coastal Energy Company is pleased to announce the appointment of Forrest Wylie as a Non-Executive Director of the Company, with effect from today.

Oil companies from China , Norway , Japan and other nations are investing billions of dollars in U.S. shale projects so they can learn how to extract oil and gas from bedrock and use those technologies to tap into the large and mostly undeveloped shale deposits outside the U.S. China 's Sinochem Group petrochemical company was the latest to buy ... (more)

On March 26, China announced that it launched a more market-oriented domestic fuel product pricing system to better reflect costs and adapt to fluctuations in global oil prices.

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.

During the quarter, the Company achieved a total net production of 93.6 million barrels of oil equivalent , representing 17.3% increase year over year , primarily attributable to the production contribution from the acquisition of Nexen Inc , the new oil and gas projects on stream, the resumption of Penglai 19-3 oil field and the overseas projects.

Meena is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.