|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's range||0.000 - 0.000|
|PE ratio (TTM)||19.50|
|Earnings date||22 Aug 2018 - 27 Aug 2018|
|Forward dividend & yield||0.50 (3.86%)|
|1y target est||15.84|
BEIJING, June 19 (Reuters) - * China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday * The Lingshui ...
French oil major Total (LSE: 524773.L - news) says it expects to start producing oil in Uganda in 2021 at the earliest, the second firm to suggest it will be unable to meet the 2020 target set by the East African country. Total, alongside China's CNOOC (HKSE: 0883-OL.HK - news) , are the majority owners and operators of Uganda's oilfields, while London-listed Tullow Oil (LSE: TLW.L - news) owns a small stake but has left operations to its two bigger partners. President Yoweri Museveni's government is targeting 2020 as as the start of oil production and is banking on a windfall to clear mounting public debt and lift sagging growth.
Executives from oil majors were set to gather in Rio de Janeiro on Thursday to compete for stakes in Brazil's pre-salt oil play, home to some of the world's most alluring offshore geology, as rising oil prices boost appetite for expensive offshore projects. A record 16 companies, including Chevron Corp (CVX.N), BP Plc (BP.L) and Royal Dutch Shell Plc (RDSa.L) registered to bid for four blocks in the offshore Campos and Santos basins, part of the so-called fourth pre-salt auction on Thursday. Brazil, South America's top producer, has recently attracted record bids from the likes of Exxon Mobil Corp (XOM.N), also registered to compete on Thursday, as oil majors seek to replenish depleted reserves.
The Zacks Analyst Blog Highlights: Flotek Industries, Nine Energy Service, Baytex Energy, Mammoth Energy Services and CNOOC
China will set up an international free trade zone and port on the island of Hainan, state radio said on Friday, citing President Xi Jinping, granting foreign firms greater economic freedom in the southernmost province. The announcement came on Hainan's 30th anniversary as a province. Originally administered as part of nearby Guangdong on the mainland, the South China Sea island was given province status in 1988 and was declared the country's fifth special economic zone as part of former leader Deng Xiaoping's opening up of China.
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 ...
LONDON/SINGAPORE, March 9 (Reuters) - Falling industrial demand and mild weather have turned China's energy giants into sellers of liquefied natural gas (LNG) in Asia for the first time since last year's massive import spree. Although a CNOOC (HKSE: 0883-OL.HK - news) executive last week warned producers not to expect a similar payday in 2018, industry executives said they were not unduly concerned by the blip, saying Chinese demand would continue to grow.
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.
YENAGOA/LAGOS, Nigeria, Jan 17 (Reuters) - Nigerian militants threatened on Wednesday to attack off-shore oil facilities within days, raising fears of a repeat of a 2016 wave of violence that helped push Africa's biggest economy into recession. The Niger Delta Avengers - the fighters behind many of the 2016 attacks - said they had planned the assaults after giving up on talks to give their impoverished southern region a greater share of the oil revenue it produced.
The Zacks Analyst Blog Highlights: CVR Refining, Statoil ASA, HollyFrontier, CNOOC and North American Energy Partners
British oil major BP has agreed to merge its interests in South American oil company Pan American Energy with refiner and fuel retailer Axion Energy in a new joint venture with Axion's owner and PAE partner ...
MOSCOW/BEIJING, Sept 8 (Reuters) - Chinese conglomerate CEFC (Shenzhen: 002018.SZ - news) will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore (Amsterdam: GX8.AS - news) and the Qatar Investment Authority, strengthening the energy partnership between Moscow and Beijing. CEFC China Energy has grown in recent years from a niche oil trader into a sprawling energy conglomerate and the transaction will allow China, the world's second largest energy consumer, to boost cooperation with the world's top oil producer.