Sinopec's access to China's strategic petroleum reserves--which can roughly cover up to 110 days of oil imports--provides a substantial buffer, but the prospect of a prolonged energy shortage has cast ...

(Corrects reference to price in paragraph 10 to CNOOC's average selling prices of oil and gas not CNOOC's share price) By Sam ...

Higher crude prices and 8.6% output growth supported earnings, while capital spending increased to sustain production expansion ...

In a report released yesterday, from Bank of China maintained a Buy rating on CNOOC Limited, with a price target of HK$34.69. The company’s shares closed yesterday at HK$29.38. CNOOC Limited has an ...

Despite weaker oil prices, CNOOC’s 00883 first-half 2023 net profit of CNY 63.8 billion, down 11% year on year, was largely in line with the Refinitiv consensus. However, the results beat our ...

The companies are looking at LNG and alternative fuel bunkering opportunities as Hong Kong aims to position itself as a regional bunkering hub.

CNOOC’s 00883 cumulative nine months 2023 net profit was down 10.2% year on year to CNY 97.6 billion, largely in line with the Refinitiv consensus. The impact of lower energy prices was partly offset ...

Lower oil prices offset a record-high oil and gas production to drag down the 2025 profit of Chinese oil and gas giant CNOOC from a year earlier and below analyst estimates. CNOOC Ltd, China’s top ...

Chinese offshore operator CNOOC Limited has commenced production at the Luda 5-2 North oilfield Phase 2 development project in Bohai Bay, offshore northern China. Located in the central Bohai Sea in ...

Cnooc Ltd. has paused a planned sale of its UK North Sea portfolio, which could have been valued at as much as $3 billion in a deal, according to people familiar with the matter. Initial offers failed ...

HONG KONG, Jan. 11, 2023 /PRNewswire/ -- CNOOC Limited (the "Company" or, SEHK: 00883, SSE: 600938) today announces its business strategy and development plan for the year 2023. The Company raises its ...