Chinese major CNOOC gives post-earnings strategy update on natural gas plans and details on Guyana block
China National Offshore Oil Corp., the Chinese energy major and LNG player with growing natural has interests, has outlined its strategy in a post-earnings conference call after reporting a fall in profits despite record production.
Chinese major Sinopec reports jump in profits amid expansion in domestic natural gas and overseas LNG deals
China Petroleum and Chemical Corp. (Sinopec), whose LNG assets include a stake in the Australia-Pacific LNG plant in Queensland and an expansion venture in Qatar, said third-quarter net profits increased by 34 percent and revenues also moved higher along with demand for natural gas and refined products.
Chinese major CNOOC reports drop in third-quarter profits even amid higher output and natural gas sales
China National Offshore Oil Corp. (CNOOC), a leading LNG market participant among Chinese oil and gas majors, reported a more than 8 percent fall in third-quarter profit on lower realised oil and natural gas prices even as production increased.
Chinese major CNOOC will boost Binhai LNG project storage and give two tanks to central province
China National Offshore Oil Corp., the holder of the nation’s largest capacity for LNG imports, plans to increase storage at its Binhai import terminal under construction in the eastern Jiangsu province and will reserve two tanks to help with the imported gas needs for a province in Central China.
China National Offshore Oil Corp. gas output and sales rise amid domestic LNG market change
China National Offshore Oil Corp. (CNOOC), a large holder of Chinese LNG import capacity, raised its year-to-date domestic natural gas production to 311.3 billion cubic feet from 250.6 Bcf in the same nine-month period last year as the nation overhauls the ownership structure of its terminals and pipeline system, offering third-party access.
