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LG, CNOOC agree to form petrochem JV

Business | Chemical industry
2009-7-22

CHINA National Offshore Oil Corp and South Korea's LG Chem Ltd will build a US$370-million petrochemical plant in south China. They agreed to form an equally-owned joint venture for the plant to produce acrylonitrile...

CNOOC's US$6.5b plan to expand

Business | Energy
2009-4-2

CHINA National Offshore Oil Corp will spend 44.2 billion yuan (US$6.5 billion) to expand a petrochemical complex that includes its first major refinery in the southern Guangdong Province. The company aims to almost...

Rise in CNOOC H2 net flat

Business | Energy
2009-4-1

THE rise in CNOOC Ltd's second-half earnings was almost flat as a plunge in crude oil prices weighed on the top Chinese offshore energy producer's margins, it said yesterday. The harsh...

Oil producer enjoys profit, higher output

Business | Energy
2009-2-7

CHINA National Offshore Oil Corp, the country's third-biggest oil producer, said profit rose 19.8 percent last year because of increased output and record prices. Profit rose to US$9.9 billion and sales gained...

Offshore oil producer reveals 'big margin' after 22% surge

Business | Energy
2009-1-22

CHINA National Offshore Oil Corp, the country's third-biggest oil producer, said sales jumped 22 percent last year and profit rose by "a big margin" as crude output increased and prices rose to a record. Sales...

Tianjin project

Business | Energy
2008-12-31

CHINA National Offshore Oil Corp, the nation's third-biggest oil producer, agreed to invest 15 billion yuan (US$2 billion) in renewable energy projects and grow sales in Tianjin. The Beijing-based parent of Hong...

Oil hunt reaches new depths

Business | Energy
2008-11-25

CHINA National Offshore Oil Corp is planning to invest 200 billion yuan (US$29 billion) with its foreign partners in deep-water exploration in the South China Sea, in what analysts said could more than double its net...

Disasters delay refinery project

Business | Energy
2008-9-19

CHINA National Offshore Oil Corp, the nation's third-largest oil explorer, will postpone starting its first oil refinery until the end of the year, because some major natural disasters delayed equipment deliveries,...

Refinery stake taps fuel demand

Business | Energy
2008-9-9

CHINA National Offshore Oil Corp has acquired a controlling stake in a refinery in Shandong Province. The company bought a 51-percent share in Shandong Haihua Group Co from the Weifang Municipal State-owned Assets...

Qatar LNG deal

Business | Energy
2008-6-25

CHINA National Offshore Oil Corp, operator of the country's first liquefied natural gas terminal, has signed a 25-year LNG supply agreement with Qatar after an initial accord. China National Offshore, the parent...