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CNOOC Ltd (0883.HK)

0883.HK on Hong Kong Stock

9.24HKD
27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

CNOOC says FY net profit RMB 637 mln
Thursday, 23 Mar 2017 04:39am EDT 

CNOOC Ltd : fy net oil and gas production of 476.9 million boe . fy net profit rmb 637 million versus rmb 20,246 million a year ago . Recommended a final dividend of hk$0.23 (tax inclusive) per share . fy total revenue rmb 146,490 million versus rmb 171,437 million . in 2017, 5 new projects will commence production . "group is dealing with a number of other lawsuits and arbitrations that arise in ordinary course of business" . "company believes these proceedings are not expected to have a material effect on consolidated financial statement" . Plan to increase reserves and production through drill bits and value-driven acquisitions .Will continue to concentrate independent exploration efforts on operating areas, especially offshore China.  Full Article

CNOOC says total capital expenditure for 2017 is budgeted at RMB60 bln to RMB70 bln
Thursday, 19 Jan 2017 03:34am EST 

CNOOC Ltd <0883.HK> : Company's total capital expenditure for 2017 is budgeted at rmb60.0 billion to rmb70.0 billion . targeted net production for 2017 is 450 million to 460 million barrels of oil equivalent . company's net production for 2016 is expected to be approximately 476 million boe. . net production for 2018 and 2019 are estimated to be 455 million to 465 million boe and 460 million to 470 million boe, respectively. . in 2017, five new projects are expected to come on stream . Company will maintain prudent financial policy, improve capital efficiency and ensure sustainable development . in 2017, company plans to drill 126 exploration wells . in 2017, company plans to acquire approximately 13 thousand square kilometers 3-dimensional (3d) seismic data .currently, nearly 20 projects are under construction.  Full Article

CNOOC says Liu Jian appointed vice chairman
Tuesday, 20 Dec 2016 03:32am EST 

CNOOC: Change in directors and other positions . Liu Jian has been appointed as vice chairman and a non-executive director .Lv Bo has resigned as a non-executive director.  Full Article

CNOOC Ltd enters into financial services framework agreement
Thursday, 1 Dec 2016 05:49am EST 

CNOOC Ltd <0883.HK>: Company and cnooc finance entered into framework agreement on 1 december 2016 .Cnooc finance has agreed to continue to provide services to group for a term of three years with effect from 1 january 2017.  Full Article

CNOOC Ltd HY net loss RMB7.74 billion
Wednesday, 24 Aug 2016 04:39am EDT 

Cnooc Ltd <0883.HK> : HY oil and gas sales RMB55.08 billion versus RMB77.03 billion . Says interim dividend (tax inclusive) HK$0.12 per share . HY net production of oil and gas 241.5 million BOE, up 0.6% . HY net loss RMB7.74 billion versus profit of RMB 14.73 billion a year ago . Looking ahead to second half of year, uncertainties still remain in both the international and domestic macro environment . In area of exploration, will continue to focus on exploration of mid-to-large-sized oil and gas fields ."Recovery of international oil prices faces headwinds".  Full Article

Husky Energy, CNOOC announce agreement for Liwan gas project
Tuesday, 2 Aug 2016 05:30pm EDT 

Husky Energy Inc : Husky energy and cnooc limited announce agreement for liwan gas project . "long term fundamentals remain strong for natural gas demand in china" . Plans will get underway to finalize commercial and development approach to tie liuhua 29-1 field into liwan infrastructure . Liquids production, net to husky, is expected to remain in range of 5,000-6,000 barrels per day for project . Co's china unit signed agreement with cnooc, relevant cos for price adjustment of natural gas from liwan 3-1 and liuhua 34-2 fields .Agreement for price adjustment of natural gas from liwan 3-1, liuhua 34-2 that will see price set at $12.50-15.00 cdn per thousand cubic feet.  Full Article

CNOOC issues profit warning<0883.HK>
Thursday, 28 Jul 2016 04:52am EDT 

CNOOC Ltd <0883.HK>: Profit warning announcement <0883.HK> . Expected to record a loss for six months ended 30 June 2016, with net loss attributable to equity shareholders of co of approximately RMB8 billion . Expected loss due to further decline of the crude oil realized price of the company during the first half of 2016 .  Full Article

CNOOC Ltd appoints Yang Hua as chief executive officer<0883.HK>
Wednesday, 15 Jun 2016 04:26am EDT 

CNOOC Ltd <0883.HK>: Change in directors and other positions <0883.HK> . Yang Hua re-designated as an executive director and appointed as chief executive officer of company, remains as chairman of the board . Wu Guangqi, an existing executive director, has been re-designated as a non- executive director . Yuan Guangyu, an existing executive vice president, has been appointed as an executive director and president of the company . Says Li Fanrong has resigned as an executive director, the chief executive officer and the president of the company .  Full Article

Alberta official says minor fire damage at CNOOC Nexen facility
Sunday, 8 May 2016 02:48pm EDT 

: Alberta official says minor damage in yard at CNOOC's Nexen Long Lake facility from wildfire near Fort McMurray Further company coverage: [0883.HK] (Reporting by Allison Martell, editing by G Crosse) ((Allison.Martell@thomsonreuters.com)).  Full Article

Nexen's Long Lake site believed unaffected by fire- official
Saturday, 7 May 2016 05:25pm EDT 

: ALBERTA PREMIER SAYS GOV'T AIMS TO MOVE SOUTH ALL EVACUEES STUCK NORTH OF WILDFIRE-DAMAGED CITY BY END SATURDAY . ALBERTA'S NOTLEY SAYS 156,000 HECTARE CANADA WILDFIRE MAY DOUBLE IN SIZE AND ENTER NEIGHBORING PROVINCE . ABORIGINAL COMMUNITY NORTH OF MASSIVE CANADA WILDFIRE UNDER VOLUNTARY EVACUATION ORDER- PROVINCE PREMIER . ALBERTA GOV'T SAYS FIRE EXPECTED TO BURN TO EDGE OF SUNCOR SITE, BUT SITE LIKELY RESILIENT TO FIRE . NEXEN'S LONG LAKE SITE UNDER SMOKE FROM WILDFIRE, BUT BELIEVED UNAFFECTED - PROVINCE OFFICIAL . NEXEN'S LONG LAKE SITE UNDER SMOKE FROM WILDFIRE, BUT BELIEVED UNAFFECTED - PROVINCE OFFICIAL<0883.HK> Further coverage: [nL2N18409E] (Reporting by Ethan Lou and Jeffrey Hodgson) ((Jeffrey.Hodgson@thomsonreuters.com;)).  Full Article

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UPDATE 1-China's CNOOC reports worst result since at least 2011, forecasts output rise

* Oil, gas revenue falls to 121 bln yuan in 2016 vs 147 bln yuan (Adds detail)