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CNOOC Ltd, China's biggest offshore oil and gas developer, announced its 2014 business strategy on Jan 20, 2014, which includes producing 422 to 435 million barrels of oil equivalent. It's net 2013 production is estimated at 412 million BOE, including 61 million BOE from Nexen.
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  • (Xinhua)2017-12-06 10:41

    BEIJING - China's top economic planner has coordinated major natural gas suppliers to secure supply and stabilize prices to cope with rising demand in northern China. Companies should keep natural gas prices basically stable and ensure adequate supplies, Xinhua-run Economic Information Daily quoted ...

  • By Zheng Xin(China Daily)2017-11-01 08:16

    A PetroChina technician inspects equipment at an oil refinery in Fushun, Liaoning province. The company's revenue for the third quarter rose 17 percent from a year ago.YANG QING/XINHUARobust earnings surge for oil giants likely to continue in the fourth quarterThe mainland's largest oil and gas prod...

  • (China Daily)2017-10-27 07:41

    Govt and policies China leads in digital payment China is leading its Asia-Pacific peers in digital payment, according to a report from US-based electronic payment platform PayPal. Released on Wednesday, the report said that the total transaction value of mobile payment platforms in China reached $5...

  • (Xinhua)2017-10-26 14:00

    BEIJING — China National Offshore Oil Corporation (CNOOC), the country's biggest offshore oil and gas producer, reported strong revenue growth for the third quarter mainly due to rising prices for crude oil and natural gas. The unaudited revenue from oil and gas sales in the third quarter rose 16....

  • By Zhou Mo In Huizhou, Guangdong(China Daily)2017-10-25 08:12

    Huizhou city in Guangdong province has launched a new work system as it makes efforts to create a better environment for businesses.Under the new system, "chief service officers" (CSO) are introduced to help businesses solve their problems and difficulties.The CSOs are government officials of variou...

  • By Zheng Xin(China Daily)2017-09-12 08:02

    Chinese conglomerate CEFC has agreed to buy a 14.16 percent stake in oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening energy partnerships with Moscow, according to an announcement by Glencore released on Sept 8. Following the deal, CE...

  • By Zheng Xin(China Daily)2017-08-26 09:25

    PetroChina's petrol station is pictured in Beijing, China, March 21, 2016. [Photo/Agencies]Analysts believe the outstanding performance of China's three major oil companies is expected to continue in the next six months, as oil prices surge and oil companies worldwide gradually recover from the sect...

  • (Xinhua)2017-08-25 09:46

    PetroChina's petrol station is pictured in Beijing, China, March 21, 2016. [Photo/Agencies]BEIJING - Chinese oil giant PetroChina Thursday reported a surge in net profit in the first half of this year, citing rising oil prices, cost reductions and efficiency improvement. Profit attributable to com...

  • By Zheng Xin(China Daily)2017-07-25 07:42

    US-sourced liquefied natural gas pours in as China reaches for blue skies, diverse supplies China significantly ramped up imports of liquefied natural gas in the first half of the year, as part of broader efforts to clean up its coal-dominated energy mix. LNG channeled into the country totaled 15.89...

  • By Zhong Nan(China Daily)2017-07-17 08:24

    Chinese shipyards begin making high-end vessels for domestic and overseas customers, taking on global competitors After delivering frigates to naval forces of Algeria and Pakistan, and mega-container ships, liquefied natural gas or LNG carriers and vehicle carriers to shipowners in the United States...

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