LNG

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.

ExxonMobil Corp., the largest US oil company and leading LNG producer and a partner of Qatar, said changes in natural gas prices would impact its second-quarter Upstream earnings by $1.8 billion to $2.2 billion compared with the first quarter even as the company was also overhauling trading activities and embarking on oil projects in Guyana and LNG expansion.