|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||11.600 - 11.880|
|52 Week Range||8.450 - 13.160|
|PE Ratio (TTM)||1,047.52|
|Forward Dividend & Yield||0.40 (3.44%)|
|1y Target Est||N/A|
March 20 (Reuters) - CNOOC Ltd: * SAYS ITS WEIZHOU 6-13 OILFIELD HAS COMMENCED PRODUCTION AHEAD OF SCHEDULE * SAYS THERE ARE SEVEN WELLS IN PRODUCTION AND THE PROJECT IS EXPECTED TO REACH PEAK PRODUCTION ...
Any deal between the Philippines and a Chinese firm to jointly explore for gas in the Reed Bank of the South China Sea will be illegal unless China recognises the southeast Asian nation's sovereign rights there, a Philippine judge said on Monday. Manila has identified two areas in the crowded waterway suitable for joint exploration and the two countries seek a way to tackle the diplomatic and legal headache of jointly exploring in the waters, but without addressing the issue of sovereignty. The Reed Bank is claimed by both sides, but international law says it falls within the Exclusive Economic Zone (EEZ) of the Philippines.
Cnooc Ltd. plans to raise capital spending to the highest since 2014 and revised upward its oil and gas output targets as China’s biggest offshore producer recovers from crude’s crash. The Beijing-based explorer sees capital expenditures at 70 billion to 80 billion yuan ($11.1 billion to $12.7 billion) for 2018, it said in a statement to the Hong Kong stock exchange Thursday. It also raised its production estimate to between 470 million and 480 million barrels of oil equivalent, poised for the the first increase in three years.
CNOOC plans to ramp up spending by at least 40% in 2018, as well as raise production, thanks to a more 'suitable' oil price.
The Zacks Analyst Blog Highlights: CVR Refining, Statoil ASA, HollyFrontier, CNOOC and North American Energy Partners
Third-quarter revenue rose at CNOOC because of higher oil and natural gas prices but the company's capital spending has lagged its goal.
CNOOC's (CEO) subsidiary, Nexen will look for future investment potential in upstream and downstream projects in North America.
Cnooc Ltd. is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach.
CNOOC Ltd's Nexen Energy and Inpex Corp will end the feasibility study for the Aurora liquefied natural gas project in Canada's British Columbia province, the former company said in a statement on Thursday. ...
Norway's deputy oil minister will meet top executives of CNOOC's to discuss possible cooperation ahead of the first visit by a Norwegian prime minister to China in a decade, officials said.
CNOOC Ltd agrees to team up with Australian minnow FAR Ltd to look for oil and gas prospects in what is seen as a promising frontier off Senegal and Gambia over the next 2 years.