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CNOOC Ltd (0883.HK)

0883.HK on Hong Kong Stock

8.93HKD
22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

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

CNOOC Ltd - Explosion at Nexen Canadian oil sands facility kills one person - Reuters
Friday, 15 Jan 2016 09:31pm EST 

CNOOC Ltd:One person was killed and a second person was in hospital after an explosion at Nexen Energy's Long Lake oil sands facility south of Fort McMurray, Alberta, the company said in a statement - RTRS."The affected facility has been shut down and we are stabilizing the scene. There is no immediate danger to the neighbouring communities or personnel still on site," Nexen, a unit of China's CNOOC Ltd 0883.HK, said in statement. - RTRS.  Full Article

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