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China reneges on commodity deals worsening global trade chaos

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(Bloomberg) Global commodity trade plunged deeper into chaos as Chinese companies started walking away from purchase contracts because of the spread of the deadly...

Development drilling for giant Liza Phase 2 project set to begin...

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Development drilling for the 220,000 barrels per day Liza Phase 2 project offshore Guyana will begin next month as US oil major ExxonMobil ramps...

CNOOC targeting 227 exploration wells in 2020

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CNOOC Limited plans to ramp up its exploration programme in 2020 as multiple projects come on stream, including the Liza Phase 1 Development in...

Stabroek Block co-venturer CNOOC gets green light for Canada drill campaign

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Canada’s federal government has approved a new offshore exploration drilling project proposed by the China National Offshore Oil Corporation (CNOOC) set to begin in...

China’s CNOOC third-quarter capital spending surges 28%

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CNOOC Ltd, the listed arm of China’s largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the...

CNOOC to take majority interest in West African petroleum licenses

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(Reuters) - Australian oil and gas explorer FAR Ltd, which holds a stake in licenses for oil drilling off the coast of West Africa’s...

One oil major walked away, 20 companies said no to Guyana...

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The financial risk was high and the prospects of finding oil off the Guyana coast was low in the lead-up to the 2015 drill...

CNOOC Limited’s Appomattox Field in GoM commences production

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CNOOC Limited announced on Thursday that the Appomattox Field in the US Gulf of Mexico has safely commenced production ahead of schedule. The company said...

CNOOC seeking coordinator to lift its share of Guyana oil

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Chinese oil company CNOOC is looking for a coordinator to lift is share of oil when production gets underway at the 120,000 bpd Liza...

Stabroek co-venturer CNOOC looking to expand presence in Brazil

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Chinese oil company CNOOC Ltd, a co-venturer in Guyana’s Stabroek Block, wants to expand in Brazil and is considering bidding in an auction of...