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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...

China to import gas from Qatar

Business | Energy
2009-3-9

CHINA planned to import more liquefied natural gas from Qatar in the coming years to feed the huge demands of the domestic market, according to China National Offshore Oil Co. Fu Chengyu, general manager of CNOOC,...

CNOOC says lots of gas at discovery

Business | Energy
2009-2-25

CHINA National Offshore Oil Co Ltd yesterday announced the first appraisal well at its deep-water natural gas discovery in the South China Sea has been successfully completed by its partner Husky Oil China Ltd. Test...

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,...