15 articles
Uganda appointed Vitol to market its crude oil exports, delaying commercial production to early 2027 due to infrastructure delays. The deal expands Vitol's regional presence alongside partners TotalEn
Uganda officially named its blended crude oil "Pearl Sweet" ahead of planned commercial production by year-end, featuring 1.65 billion barrels in recoverable reserves. The project, led by TotalEnergie
CNOOC CEO Huang Yongzhang expressed optimism on US-China energy cooperation, noting room for LNG trade despite tariffs. The firm plans to consider investments with U.S. partners while navigating froze
CNOOC posted a record first-half net profit of 85.8 billion yuan, boosted by higher oil prices and rising production. The firm secured new exploration blocks in Brazil and Indonesia while maintaining
Cnooc reported 1H net income of 85.8 billion yuan, driven by Brent crude averaging $87 per barrel amid Middle East tensions. The company raised its interim dividend and maintained production guidance
Chinese refiners including Rongsheng and Cnooc purchased 8 million barrels of Iraqi Basrah crude to address supply gaps amid Red Sea logistics issues affecting Saudi and UAE exports.
Ugandan farmers filed a UK lawsuit challenging the $5.6 billion East African Crude Oil Pipeline over environmental and climate concerns. The case targets developers TotalEnergies and Cnooc, potentiall
China's CNOOC has commenced full production at the Kenli 10-2 oilfield Phase I in the Bohai Sea, with daily output exceeding 20,440 barrels, contributing to cumulative regional output surpassing 40 mi
CNOOC plans to expand deep-sea oil and gas operations from 1500 to 3000 meters depth. Following the "Deep Sea No. 1" project launch, China joins the US and Norway as the third nation with autonomous u
Ugandan President Museveni won a seventh term amid political tensions, while the nation prepares for an oil boom with TotalEnergies and Cnooc set to begin crude production in October.
Uganda will launch its third petroleum exploration licensing round in the 2026/27 financial year to expand resources beyond the Albertine Graben. Current reserves total 6.5 billion barrels, operated j
CNOOC reported a 7.1% rise in first-quarter net profit to 39.14 billion yuan, driven by higher oil prices and an 8.6% increase in production volume across domestic and overseas operations.
Cnooc reported a 7% rise in Q1 net income to 39.14 billion yuan driven by higher global crude prices amid Middle East tensions. The offshore driller increased output by 8.6% and raised capital expendi
A CCTV documentary revealed details of former CNOOC GM Li Yong's bribery case, where he attempted to burn cash to destroy evidence before being sentenced to 14 years for accepting over 67 million RMB
Petrobras commissioned the Buzios Oil Field Phase VI project on December 31, 2025, with CNOOC holding equity. The deepwater development boosts total field capacity beyond 1.15 million barrels daily wh
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