CNOOC
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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.
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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).
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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.
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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.
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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
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
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
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
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
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.
Latest News
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Egypt Launches First Natural Gas Stations App
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Official Gazette publishes Law authorizing Oil Exploration Contracts in Sidi Barrani
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Norpetco Inaugurates HSE Project with $1.3 MM
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El Molla Attends the 5th IEF-EU Energy and Climate Day
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 62.73 | +2.00% |
Crude Oil (Brent) Brent | USD/bbl | 65.70 | +1.99% |
NYMEX Natural Gas | USD/MMBtu | 2.79 | +0.65% |
OPEC Basket Price | USD/bbl | 65.42 | +2.22% |
Last Modified March 1, 2021