Search Results

Results 1 - 10

CNPC and Sudan to cooperate on refining

Business | Energy
2009-11-21

CHINA'S largest oil and gas company said it has signed a memorandum of understanding with Sudan to strengthen cooperation in oil refining. China National Petroleum Corp, the parent of PetroChina Co, sealed the...

Stakes allow CNOOC to tap US waters

Business | Energy
2009-11-6

CHINA'S CNOOC Ltd has agreed to buy minority stakes in four exploration licenses in the Gulf of Mexico from a Norwegian oil and gas producer, the first time for a Chinese company to tap reserves in the US waters. ...

Iraq inks oil deal with CNPC and BP

Business | Energy
2009-10-10

IRAQ'S Oil Ministry has signed a deal with China National Petroleum Corp and Britain's BP to develop its super-giant Rumaila oilfield, a milestone in Iraq's efforts to renew its struggling oil sector. "The signed...

CNOOC 'in talks with Nigeria'

Business | Energy
2009-9-30

CHINESE oil company CNOOC is in talks with Nigeria to buy large stakes in some of Africa's richest oil blocks, the Financial Times reported yesterday. The value of the potential deal was not disclosed, but some...

CNOOC's profit in H1 plunges 55% on slump in crude prices

Business | Energy
2009-8-27

FIRST-HALF net profit at CNOOC Ltd, China's top offshore oil producer, plunged 55 percent as a slump in crude oil prices squeezed margins. However, Chairman and CEO Fu Chengyu believed signs of economic recovery...

Oil giant refutes US bribes report

National
2009-8-16

CHINA National Offshore Oil Corporation (CNOOC), one of the country's largest oil companies, yesterday denied involvement in a bribery case involving a US firm. A CNOOC official, who spoke on condition of anonymity,...

CNOOC drills new discovery

Business | Energy
2009-7-29

CNOOC Ltd, China's dominant offshore oil producer, has successfully drilled a new discovery in northeast China, the company said in a statement yesterday. The Jinzhou 20-2N discovery is located in shallow waters...

CNOOC, Sinopec seal deal in Angola

Business | Energy
2009-7-18

CHINA'S CNOOC Ltd and Sinopec Group have agreed to jointly acquire a 20-percent working interest in a block offshore Angola from a United States energy company in a US$1.3-billion deal. Through an equally-owned...

Oil firms battle for right to bid on YPF

Business | Energy
2009-7-4

CHINA National Offshore Oil Corp and China National Petroleum Corp are battling for approval to bid on YPF, the Argentinian unit of Spanish oil major Repsol, sources said yesterday, in a deal that could be worth about...

CNOOC gets advice on bid for Kosmos

Business | Energy
2009-6-20

CHINA'S top offshore oil and gas producer CNOOC Ltd has hired Goldman Sachs to advise it on a bid for a stake in Africa-focused oil and gas firm Kosmos Energy, a source said yesterday, in a deal that may be worth...