CNOOC

  • ExxonMobil Makes 18th Discovery Offshore Guyana

    ExxonMobil Makes 18th Discovery Offshore Guyana

    Wednesday, 9th September 2020

    American supermajor, ExxonMobil, has announced the discovery at the Redtail-1 well which will add to the previously estimated recoverable resource of more than 8 billion barrels of oil equivalent (bbboe) on the Stabroek Block.

  • ADNOC Transfers Concession Rights to CNOOC from CNPC

    ADNOC Transfers Concession Rights to CNOOC from CNPC

    Tuesday, 28th July 2020

    The Abu Dhabi National Oil Company (ADNOC) has agreed to transfer the rights of Lower Zakum, Umm Shaif, and Nasr offshore from the China National Petroleum Corporation (CNPC) to China National Offshore Oil Corporation’s subsidiary CNOOC Limited (CNOOC).

  • CNOOC, Shell Invest $5.6 B in New Ethylene Project

    CNOOC, Shell Invest $5.6 B in New Ethylene Project

    Wednesday, 20th May 2020

    China National Offshore Oil Corp (CNOOC) and Shell Petrochemicals Company Ltd (CSPC), a joint venture established by CNOOC and Royal Dutch Shell, signed a strategic cooperation framework agreement with Shell worth $5.6 billion for the phase III ethylene project.

  • ADNOC, CNOOC Sign Agreement During UAE-China Economic Forum

    ADNOC, CNOOC Sign Agreement During UAE-China Economic Forum

    Monday, 22nd July 2019

    Abu Dhabi National Oil Company (ADNOC) and China National Offshore Oil Corporation (CNOOC) have signed an agreement for collaboration in liquefied natural gas (LNG), as well as upstream and downstream sectors.

  • CNOOC Teams Up with FAR to Search for Oil and Gas, West Africa

    CNOOC Teams Up with FAR to Search for Oil and Gas, West Africa

    Tuesday, 4th April 2017
    CNOOC teams up with FAR to search for oil and gas within Senegal and Gambia over the next two years. The two parties signed an AMI that regulates their areas of collaboration.
  • Tullow Sells Uganda Assets to Total for $900m

    Tullow Sells Uganda Assets to Total for $900m

    Monday, 20th March 2017
    UK's Tullow Oil plc announced that it agreed to farm-down 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total E&P Uganda B.V. (Total) for a total consideration of $900m.
  • Uganda Likely to Produce First Oil by 2020

    Uganda Likely to Produce First Oil by 2020

    Thursday, 23rd February 2017
    Uganda has come closer to materializing its plan to produce first oil by 2020.
  • PTTEP to Decide on Hassi Bir Rekaiz

    PTTEP to Decide on Hassi Bir Rekaiz

    Tuesday, 15th November 2016
    PTT Exploration and Production Plc (PTTEP) declared that it is close to finalizing an investment decision towards the onshore Hassi Bir Rekaiz Project in eastern Algeria.
  • Total Took 10% Stake in Refinery

    Total Took 10% Stake in Refinery

    Tuesday, 1st November 2016
    Total SA, the French oil company drilling wells in Uganda, agreed to take a 10% stake in the country’s planned refinery as it seeks other investors for the $4b plant.
  • Tanzania, Congo to Jointly Explore Lake Tanganyika

    Tanzania, Congo to Jointly Explore Lake Tanganyika

    Wednesday, 5th October 2016
    Tanzania and the Democratic Republic of the Congo signed a memorandum of understanding for joint exploration and development of hydrocarbons in Lake Tanganyika.