|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.0900 - 2.0900|
|52 Week Range||0.0001 - 2.0900|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||18.17|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Caofeidian 6-4 oilfield has commenced production.
A rapid rise in offshore drilling and deepwater gas extraction may seem an unlikely path to lower emissions, but are central planks of Chinese energy major CNOOC Ltd’s plan to help hit Beijing's climate goals. While global peers like BP, Royal Dutch Shell have announced cuts in hydrocarbon output and huge renewable energy investments to cut emissions, China's third-largest oil and gas producer plans an ambitious gas-heavy overhaul of its production mix by 2035 as its way of helping meet carbon-cutting goals. The country aims to cap carbon dioxide emissions by 2030 and become "carbon neutral" by 2060.
Shell (RDS.A) takes delivery of the first carbon-neutral LNG in Europe from Gazprom to further supply it to the domestic energy markets in the U.K.