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Shell and CNOOC in pact to supply carbon-neutral LNG cargoes
June 22, 2020

Shell and CNOOC in pact to supply carbon-neutral LNG cargoes

China National Offshore Oil Corp, or CNOOC, will buy two cargoes of LNG with offset carbon emissions from Royal Dutch Shell, thus marking China's first gas imports of this kind. The companies will use carbon credits won in projects in China's northwest Xinjiang and Qinghai region to offset the carbon emissions involved in producing and consuming the two gas cargoes. The two cargoes will be auctioned at the Shanghai exchange.

CNOOC, Shell to invest 5.6 billion U.S. dollars in new ethylene project
May 18, 2020
Source: Reuters

CNOOC, Shell to invest 5.6 billion U.S. dollars in new ethylene project

China National Offshore Oil Corporation (CNOOC), the largest offshore oil and gas producer in China, and Royal Dutch Shell, the world's leading energy and petrochemical conglomerate, signed a strategic cooperation framework agreement worth 5.6 billion U.S. dollars on Sunday. The new cooperation, based on the CNOOC and Shell Petrochemical Company Limited, is the CNOOC and Shell Huizhou phase III ethylene project.

Opex wins a multimillion contract with CNOOC
Aug. 13, 2019
Source: Energy Voice

Opex wins a multimillion contract with CNOOC

Operational Excellence (Opex) Group has backed a multimillion pound contract with Cnooc. It is a three-year deal for Cnooc International's North Sea assets. Opex will roll out its predictive analysis technology at the Buzzard, Golden Eagle and Scott platforms. Also, ts X-pas service will use data science to monitor all the installations. "We are pleased to have extended our scope across the company’s UKCS assets", said Chief Executive of Opex.

ADNOC inks collaborative agreement with CNOOC
July 24, 2019

ADNOC inks collaborative agreement with CNOOC

State-run Abu Dhabi National Oil Corporation (ADNOC) has entered into an agreement with Chinese oil major, CNOOC to collaborate in the upstream and downstream sectors and LNG. The agreement requires the firms to share knowledge, best strategies and technologies in ultra-sour gas development. ADNOC and CNOOC will also consider business opportunities in the downstream sector. Adnoc Group CEO and CNOOC chairman exchanged the Strategic Framework Agreement.

CNOOC China and Sinopec sign Cooperation Framework Agreement
July 11, 2019
Source: World Oil

CNOOC China and Sinopec sign Cooperation Framework Agreement

CNOOC China Limited has signed a Cooperation Framework Agreement with Sinopec. Three joint study agreements have been signed between both the companies, “Joint Study Agreement on Bohai basin,” “Joint Study Agreement on North Jiangsu basin and South Yellow Sea basin” and “Joint Study Agreement on Beibu Gulf basin.” This cooperation will help to scientifically optimize the potential exploration zones and targets.

CNOOC extends contract for Maersk Innovator
June 15, 2019
Source: Energy Voice

CNOOC extends contract for Maersk Innovator

Chinese E&P giant, CNOOC has awarded a contract extension to Maersk Drilling for the Maersk Innovator to perform drilling activities at the Buzzard field. An ultra-harsh environment jack-up rig, the Maersk Innovator will continue to drill infill wells in the North Sea until February 2020. Hydrocarbons were discovered in the Buzzard field back in 2001. CNOOC expects first oil from Phase 2 in 2021.

CNOOC signs HOA with Novatek for stakes in Arctic LNG
April 26, 2019
Source: World Oil

CNOOC signs HOA with Novatek for stakes in Arctic LNG

Chinese oil major, CNOOC has entered into a Heads of Agreement (HoA) with Russian gas producer, Novatek for 10% interest in the Arctic LNG 2 project. The Arctic LNG 2 Project is one of the largest onshore conventional natural gas projects, operated by JSC Novatek. The project involves the development and production of Utrenneye gas field, apart from the construction and operation of three LNG trains.

CNOOC and Smart Oil sign PSC
April 13, 2019
Source: World Oil

CNOOC and Smart Oil sign PSC

CNOOC has signed a production sharing contract (PSC) with Smart Oil, informed CNOOC Limited. The contract is for the Bohai 09/17 Block which covers 509.3 square kilometers. Under the scope of this agreement, Smart Oil will be the operator of the field during the exploration period. And when the development phase starts, CNOOC will have 51% of the participating interest in any commercial discoveries of the Bohai 09/17 Block.

CNOOC resells floating LNG cargo to Japan
Jan. 22, 2019

CNOOC resells floating LNG cargo to Japan

According to the sources, China National Oil Corp (CNOOC) has sold a LNG cargo which is floating offshore South Korea. This cargo has been sold for the second time pointing out the drop in winter gas demand in China. Unlike 2017/18 winter, when China was desperate to keep up with the super-chilled fuel demand, this move signifies that the nation has overcome those times.

CNOOC receives its first LNG cargo from Yamal
Nov. 20, 2018
Source: Reuters

CNOOC receives its first LNG cargo from Yamal

China’s CNOOC has received its first LNG cargo from the Russian Arctic gas project on November 11. The cargo was shipped from Yamal and was bought from Novatek, a Russian firm. Novatek also controls Yamal LNG along with Total, CNPC and the Silk Road Fund. Meanwhile, CNPC is also planning to buy at least 3 million tonnes of LNG from Yamal starting from 2019.

Aker Solutions signs deal with CNOOC
Oct. 24, 2018
Source: Energy Voice

Aker Solutions signs deal with CNOOC

Aker Solutions has signed a huge subsea deal with CNOOC. Under this deal, which is worth more than £158 million, Aker will supply umbilicals and subsea production system for the Lingshui 17-2 gas field. This project is located almost 5000 feet deep and is CNOOC’s first project at this depth. The work scope includes connecting the subsea development to a new, semisubmersible platform and more than 930 miles of umbilicals.

Total and CNOOC strengthen cooperation
Oct. 23, 2018
Source: Energy Voice

Total and CNOOC strengthen cooperation

French supermajor, Total and Chinese state-owned CNOOC have modified the sale and purchase agreement for LNG supply, inked in 2008. While the contract volume has been increased from 1 Mtpa to 1.5 Mtpa of LNG, the term of the contract has been extended from 15 years to 20 years. The move will further strengthen the cooperation between the firms in the liquefied natural gas business.

Auction and fears in Brazil
Sept. 25, 2018

Auction and fears in Brazil

As previously announced, auction for the four blocks in Rio de Janeiro in the Santos in Campos basins will be held just a week before the presidential elections, on Friday. The companies registered for this are CNOOC, Chevron Corp, Equinor, BP and Total. These companies will have the last chance to try for one of the most wanted Brazil’s offshore oil. There is a fear regarding obstacles for foreign investment.

New catalyst at CNOOC facility
Sept. 21, 2018

New catalyst at CNOOC facility

Chinese state-owned CNOOC successfully deployed Clariant’s MegaMax 800 methanol synthesis catalyst at its China BlueChemical methanol plant. The 800 kilotons facility runs on DAVY™ methanol process technology to manufacture methanol-based chemical products and mineral fertilizers. MegaMax 800 results in 40% higher productivity than previous catalyst generations and can sustain its performance advantage at low-temperature conditions as well.

CNOOC updates regarding production details
Sept. 20, 2018

CNOOC updates regarding production details

China’s energy giant, CNOOC Limited has informed that production has begun at the Penglai 19-3 oilfield 1/3/8/9. CNOOC is the operator in this project, holding 51% interest in the oilfield, rest 49% are being held by ConocoPhillips. This comprehensive adjustment project is located in Bohai Sea and has the advantage of existing facilities at Penglai 19-3 oilfield. The water depth of the oilfield is 27 to 33 m.

Nexen awards contract to Pipetech
Aug. 22, 2018
Source: Energy Voice

Nexen awards contract to Pipetech

CNOOC wholly-owned subsidiary, Nexen has awarded a contract for the Scott platform in the North Sea to integrity specialist, Pipetech. The scope of the contract covers Active Caisson Management, delivering inspection, cleaning, coating and planned and programmed maintenance. Throughout the lifespan of caisson, the firm will additionally support with repair scheduling to improve cost efficiencies and sustain asset integrity.

Aker Solutions to work with CNOOC
Aug. 16, 2018
Source: World Oil

Aker Solutions to work with CNOOC

Aker Solutions has won more than NOK 350 million orders of CNOOC’s Liuhua oil fields. It will deliver power umbilical systems to China’s oil major. The engineering work will be done by Aker’s Malaysian team while production and manufacturing will be done at its facility in Alabama, US. Delivery of Liuhua 16-2 and 20-2 is set for 2019 end and that of Liuhua 21-2 is in 2020.

CNOOC plans for winter demands
Aug. 9, 2018

CNOOC plans for winter demands

The state oil firm of China, CNOOC informed yesterday that the company is expanding its liquefied natural gas receiving terminal in the southern province of Hainan. The oil major is looking to boost sales of gas carried by trucks or smaller tankers, ahead of a demand surge in winter. The expansion will increase the terminal's annual handling capacity of 1.32 million tonnes and is expected to be completed by October end.

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