NSTA expands energy pathfinder portal to include upcoming O&M work
Upcoming tenders, worth millions of pounds, for operations and maintenance (O&M) work are now advertised on North Sea regulator’s website.
CNOOC
China’s Cnooc more than doubles profits on higher oil prices
Cnooc Ltd more than doubled its first half profits from a year ago as China’s biggest offshore driller benefited from sky-high oil and gas prices.
Buzzard is ‘appealing proposition’ for Harbour, NEO and Waldorf
With Suncor (NYSE: SU) and ONE-Dyas looking to sell off their UK portfolios, analyst firm Welligence has suggested the Buzzard hub may be an "appealing proposition" for a raft of key buyers.
Parkmead pulls in Gneiss to help find Greater Perth Area partner
Parkmead Group (LON: PMG) has launched a farm-out process for the Greater Perth Area (GPA) project in the Central North Sea.
Exxon racks up another two Guyana finds
ExxonMobil has made another two discoveries in the Stabroek block, bringing the total number of its finds offshore Guyana to more than 25.
UK North Sea to lead global charge on major subsea projects
The UK will lead the way on the number of major subsea projects coming globally over the next five years, according to new analysis.
CNOOC launches offshore China acreage for bidding
Chain National Offshore Oil Corporation (CNOOC) is offering 13 offshore exploration oil and gas blocks to foreign companies as part of its 2022 bidding round.
China’s Cnooc doubles first half profit to $10bn on surge in oil prices
China’s biggest offshore oil driller said it more than doubled first half profits from a year ago amid a surge in oil and gas prices.
Cnooc getting on with electrifying Buzzard, contract due to tender next month
Chinese state-owned oil firm Cnooc is cracking on with plans to electrify one of its key North Sea assets.
ExxonMobil, CNOOC and Shell team up for carbon capture and storage hub in China
ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission have signed a memorandum of understanding to evaluate the potential for a world-scale carbon capture and storage (CCS) project to reduce greenhouse gas emissions at the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province, China.
CNOOC finishes China’s first offshore CCS project
CNOOC has finished China's first offshore carbon capture and storage (CCS) project designed to permanently store carbon dioxide (CO2) in the seabed, state media reported recently.
China in advanced talks with Qatar for gas stakes worth billions
China’s energy majors are in advanced discussions to invest billions of dollars in Qatar’s massive liquefied natural gas (LNG) expansion project.
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 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.