China’s Oil Giants Take Spending Cuts Deeper

• Thursday, 31st March 2016
• by Egypt Oil & Gas

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

• Sunday, 27th March 2016
• by Egypt Oil & Gas

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.

China Marks First-Ever Ultra Deepwater Gas Discovery

• Tuesday, 1st March 2016
• by Egypt Oil & Gas

China's China National Offshore Oil Corp (CNOOC) said it had tapped country's first ultra-deepwater natural gas discovery in the northwestern part of the South China Sea. An "ultra-deep" well is categorized as one th ...

Chinese Court Okays Pollution Lawsuit

• Monday, 27th July 2015
• by Egypt Oil & Gas

A Chinese court allowed a lawsuit by a domestic non-governmental organization against Cnooc Ltd. and ConocoPhillips over the Bohai Bay oil spill in 2011, in what may be one of the first tests for the government’s new ...

China’s Cnooc Postpones Shale Project

• Sunday, 29th March 2015
• by Egypt Oil & Gas

China National Offshore Oil Corp (Cnooc) has decided to shelve its shale gas project in Anhui province in the latest sign that the shale gas revolution that transformed the US energy industry is unlikely to replicate ...

CNOOC Finishes Offshore China Project

• Wednesday, 4th February 2015
• by Egypt Oil & Gas

CNOOC Limited today announced that its Jinzhou 9-3 comprehensive adjustment project has commenced production.

CNOOC, Total and Repsol consortia win Algerian exploration permits

• Monday, 21st December 2009
• by Egypt Oil & Gas

Algeria's Ministry of Energy awarded three exploration licenses out of 10 permits on offer at a public session, said the Head of the licensing committee Djilali Takkherst.