Page 25 - Cnooc News Today

An oilfield was discovered in the South China Sea on Friday, and it has proven oil and gas reserves reaching 102 million tonnes of oil equivalent, according to the China National Offshore Oil Corporation (CNOOC).

(UPDATE) CHINAS national oil giant China National Offshore Oil Corp. (CNOOC) made an oilfield discovery with a volume of 100 million tons in the eastern South China Sea, the company announced on Friday.

An oilfield was discovered in the South China Sea on Friday, and it has proven oil and gas reserves reaching 102 million tonnes of oil equivalent, according to the China National Offshore Oil Corporation (CNOOC).

(UPDATE) CHINAS national oil giant China National Offshore Oil Corp. (CNOOC) made an oilfield discovery with a volume of 100 million tons in the eastern South China Sea, the company announced on Friday.

The Hong Kong stock market has moved lower in back-to-back sessions, dropping almost 280 points or 1.7 percent along the way. The Hang Seng Index now sits just above the 16,510-point plateau although it's due for support on Friday.

Chevron has purchased Hess at a discount when compared to its own financial and operating performance. Would it also be a good deal for ExxonMobil and CNOOC?

As the continent’s largest trading partner, China has played an active role in harnessing Africa’s energy resources and developing...

Chevron and Hess are engaged in constructive discussions with ExxonMobil and CNOOC regarding the applicability of a right of first refusal.

Chevron warned Monday that its pending $53 billion acquisition of Hess may be in jeopardy because it will require the approval of Exxon Mobil and a Chinese national oil company, which both hold rights to development of an oilfield off the coast of the South American nation Guyana.

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