CNOOC | Egypt Oil & Gas - Part 2

ADNOC, CNOOC Sign Agreement During UAE-China Economic Forum

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 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

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 has come closer to materializing its plan to produce first oil by 2020.

PTTEP to Decide on Hassi Bir Rekaiz

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 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 and the Democratic Republic of the Congo signed a memorandum of understanding for joint exploration and development of hydrocarbons in Lake Tanganyika.

Tanzania, Uganda to Complete Oil Pipeline in 2020

Tanzania plans to complete construction of a crude oil pipeline from Uganda in 2020 at an estimated cost of $3.5b.

China’s Oil Giants Take Spending Cuts Deeper

PetroChina Co., Cnooc Ltd. and China Petroleum & Chemical Corp., which together produce more crude than any country in OPEC besides Saudi Arabia, will reduce combined capital expenditure by about 8% this year.

China’s Offshore Corp. Records 66% Profit Drop in 2015

China National Offshore Oil Corporation (CNOOC), the country's largest offshore oil and natural gas developer, announced that its 2015 net profit slumped 66.4% due to lower oil prices.

Page 2 of 3


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password