UK needs ‘another Buzzard’ to balance North Sea decline and reduce imports
A leading analyst says the North Sea “could do with another Buzzard” to offset production decline and plug the import gap.
CNOOC
CNOOC denies plans for $3 billion UK North Sea exit
CNOOC has brushed aside recent media reports that the firm is considering withdrawing from oilfield investments in the UK North Sea, the US and Canada.
Finder Energy acquires acreage around the giant CNOOC Buzzard field
Finder Energy has acquired further acreage around the CNOOC Buzzard field in the Central North Sea.
China oil giant Cnooc jumps as much as 44% in mainland debut
Cnooc Ltd jumped as much as 44% in its first day of trading in Shanghai as mainland investors leaped at the chance for exposure to soaring oil and gas prices.
China energy giants in talks for Shell’s Russian gas stake
China’s key state-run energy companies are in talks with Shell to buy its stake in a major Russian gas export project, according to people with knowledge of the matter.
North Sea operators confirm future for Flotta into 2030s and beyond
Repsol Sinopec Resources UK (RSRUK) and CNOOC have confirmed plans to continue exporting oil to the Flotta Terminal for years to come.
Reuters – Cnooc North Sea exit spurred on by fears about potential sanctions
Fears about potential sanctions on Chinese Government assets are driving Cnooc’s departure from the North Sea, it has been reported.
Exxon seizes Yellowtail with fourth Guyana FID
ExxonMobil has taken its fourth final investment decision (FID) in Guyana on the Yellowtail project.
Harbour Energy, NEO and Waldorf all ‘likely’ destinations for Cnooc assets
The North Sea’s new class of operators could be poised to further strengthen their dominance in the basin with several major assets expected to hit the market.
Cnooc plans share buybacks after record profit on pricey oil
Cnooc Ltd plans to implement share buybacks and guarantee dividends through 2024 after its profits soared to a record last year.
BP courts Chinese and Indian energy majors in bid to offload Russia assets
BP has reached out to state-backed firms in Asia and the Middle East as it searches for a way to offload its Russian assets.
Chinese oil giant Cnooc planning North Sea exit as part of ‘strategic shift’ – report
Chinese oil giant Cnooc (TSX: CNU) is putting plans in place to pull out of the North Sea, according to reports.
2022 is ‘opportune time’ to go ahead with UK Avalon oilfield: DNeX
Malaysia’s Dagang NeXchange (DNeX) has said 2022 is the “opportune time” to press ahead with a new North Sea development as commodity prices surge.
CNOOC starts work on world’s largest LNG storage tanks
Chinese oil and gas giant CNOOC is set to install the world’s largest storage tanks at the Binhai LNG import terminal in Jiangsu by the end of 2023, reported Reuters.
Dozens of North Sea helicopter flights grounded as Storm Eunice hits
Dozens of flights going to and from North Sea oil and gas installations have been impacted as Storm Eunice hits the region.
CNOOC’s $13bn oil, gas deals show China’s supply fears
China National Offshore Oil Corporation (CNOOC) struck $13 billion worth of deals to boost oil and gas supply, as the country aims to avoid a repeat of last year’s energy crunch.
Opportunities abound as Asia Pacific set for $4 billion subsea spend in 2022
Subsea opportunities will be plentiful in Asia Pacific over the coming years as international oil companies (IOCs) and national oil companies (NOCs) advance a backlog of projects, while offshore wind developers accelerate activity across the region.
Future North Sea: ‘Subsea electrification is ready to go mainstream’
Delegates at an Energy Voice event Thursday afternoon heard how a range of technologies, from AI to smarter valves, are enabling the sector in its journey to net zero.
Glengorm: Analysts slash estimates for North Sea discovery
The estimates of recoverable barrels for the CNOOC Glengorm discovery have been downgraded by analysts after a disappointing appraisal campaign.
Glengorm: Appraisal yields ‘no commercial hydrocarbons’ at decade’s largest UK gas discovery
Questions have been raised over the future of Glengorm, hailed as the UK's largest gas discovery in a decade, after an appraisal campaign yielded no commercial hydrocarbons.
China’s CNOOC signs maiden US LNG deals with Venture Global
US-based Venture Global LNG has signed a pair of liquefied natural gas (LNG) supply deals with China National Offshore Oil Corporation (CNOOC). Significantly, the move underscores China’s increasing appetite for US LNG and it marks the first LNG supply agreement signed by a US exporter with CNOOC, China's largest importer of LNG.
UK well slot: Five wells completed in 2021
Westwood Global Energy reports that as of 16 December there was one appraisal well and three exploration wells active in the UK. Completions to date in 2021 are two appraisal wells at 22/26d-3 Glengorm South and 30/13e-12, 12Z Talbot and three exploration wells at 22/6c-B4Z Bacchus South, 16/2a-6 Tiger Lily and 22/1b-12, 12Z, 12Y Fotla.
Cnooc officially cuts links to New York Stock Exchange
Cnooc Ltd, China’s biggest offshore oil and gas driller has officially cut its ties with the New York Stock Exchange following a geopolitical spat with the US.
CNOOC confirms first oil from delayed Buzzard Phase 2 project
Production has kicked off at a major project designed to extend the life of one of the North Sea’s largest producing fields.
EnQuest completes £240m acquisition of Golden Eagle stake
EnQuest has completed its acquisition of Suncor’s stake in the Golden Eagle field in the UK North Sea.