CNOOC


Trump’s ‘decoupling’ continues as NYSE delists China’s state oil company 

Trump’s ‘decoupling’ continues as NYSE delists China’s state oil company 

[ATF] China’s state-owned oil giant, China National Offshore Oil Corp (CNOOC) became the latest Chinese company to be pushed out of the New York Stock Exchange (NYSE), following an executive order signed by former US president Donald Trump.The outgoing president rubber-stamped the order in November soon after losing the election …

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Another billion-tonne oil and gas discovery in Bohai oilfield 

Another billion-tonne oil and gas discovery in Bohai oilfield 

(ATF) The China National Offshore Oil Corporation on Tuesday announced another large-scale oil and gas discovery in the Bohai sea, in the Bozhong 13-2 oil and gas field. CNOOC said it has proven geological reserves of 100 million tonnes of oil and gas.The Bozhong 13-2 oil and gas field is …

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China's massive gas rig ready to go to South China Sea

China's massive gas rig ready to go to South China Sea

(ATF) China is pulling no stops in its efforts to ramp up its domestic oil and gas production amid a marked increase in demand for both fuels as its economy continues to shrug off economic headwinds from the Covid-19 pandemic. Last week, China's first domestically-built, semi-submersible deep-water oil production unit …

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Commerce Sect Ross targets CNOOC as Pentagon adds Xiaomi to list

Commerce Sect Ross targets CNOOC as Pentagon adds Xiaomi to list

(ATF) Commerce Secretary Wilbur Ross placed CNOOC and Skyrizon on an export blacklist, and the Pentagon added nine companies including COMAC and Xiaomi to its list of firms with links to China’s military on Thursday January 14.The anti-China moves on Thursday by Ross and the Pentagon follow a successful intervention …

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Chinese energy producers on alert as dangerous sea ice expands

Chinese energy producers on alert as dangerous sea ice expands

(Reuters) Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy terminals along the coast of the Bohai Sea in the country's north.A cold wave sweeping the northern hemisphere has plunged temperatures …

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China strikes back at 'unjustified' foreign laws

China strikes back at 'unjustified' foreign laws

(ATF) China has hit back at 'unjustified' laws and sanctions imposed by the United States and other countries on Chinese companies or citizens. The move comes amid a trade war with the US and worsening ties with the Trump administration in Washington. The Ministry of Commerce in Beijing published new …

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China records a banner year for oil and gas discovery

China records a banner year for oil and gas discovery

(ATF) China National Petroleum Corporation (CNPC) expects to ramp up its domestic energy production to offset increases in consumption as the state-run behemoth said its Changqing oil and gas field, the country's largest, will set new record high production levels in 2020.As of December 27, the field had produced 24.5 …

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Global economy set to warm up faster than US-China relations

Global economy set to warm up faster than US-China relations

(ATF) With progress on Covid-19 vaccines, prospects for the world economy in 2021 are brightening. But the same cannot be said yet for US-China ties, despite hopes for an improvement under Joe Biden. Investors snapping up Chinese assets must guard against complacency and price in continued political risk.Global markets are …

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US blacklist could bring CNOOC to its knees

US blacklist could bring CNOOC to its knees

(ATF) As President Donald Trump gets ready to leave the White House, he is seemingly pulling out no stops to hit back at China using what little time he has remaining in office.The latest salvo for the firebrand president came on Thursday when his administration added China’s top chip-maker, SMIC, …

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Trump gets personal with new China visa ban

Trump gets personal with new China visa ban

(ATF) President Donald Trump’s administration has issued rules to restrict travel to the United States by members of China’s ruling Communist Party and their families, in another move to attack China before he leaves office in January.The policy reduces the maximum length of non-immigrant business and tourist visas for party …

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