Key Developments: CNOOC Ltd (CEO.N)

CEO.N on New York Stock Exchange

140.78USD
2 Jul 2015
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Latest Key Developments (Source: Significant Developments)

CNOOC Ltd announces Yang Hua as Chairman
Tuesday, 19 May 2015 09:49am EDT 

CNOOC Ltd:Says Wang Yilin has resigned from his positions as Chairman of the Board, Chairman of the Nomination Committee and Non-executive Director of the Company.Yang Hua, an existing Non-executive Director of the Company, has been appointed as Chairman of the Board and Chairman of the Nomination Committee of the Company.Says in addition, Yang has no longer served as Vice-chairman of the Board.Aforementioned changes become effective from May 19.  Full Article

CNOOC Ltd announces pricing of guaranteed notes offering
Tuesday, 28 Apr 2015 08:59pm EDT 

CNOOC Ltd:Announced pricing of offering of $3,800,000,000 aggregate principal amount of guaranteed notes.Offering consists of $1,500,000,000 of 2.625 pct. guaranteed notes due 2020, $2,000,000,000 of 3.500 pct. guaranteed notes due 2025, and $300,000,000 of 4.200 pct. guaranteed notes due 2045.2020 Notes and 2045 Notes (collectively, the Australian issuer notes) will be issued by CNOOC Finance (2015) Australia Pty Ltd, indirect wholly owned subsidiary of the company incorporated in Victoria, Australia.And 2025 Notes (the Delaware issuer notes) will be issued by CNOOC Finance (2015) U.S.A. LLC, indirect wholly owned subsidiary of the company formed in Delaware, U.S.Notes will be guaranteed by the company.Net proceeds from this offering are expected to be about $3,765.1 million.Proceeds will be used for general corporate purposes.  Full Article

CNOOC Ltd recommends final dividend
Friday, 27 Mar 2015 04:19am EDT 

CNOOC Ltd:Recommends payment of final dividend of HK$0.32 (tax inclusive) per share for year ended Dec. 31, 2014.Dividend payable on July 3 to all shareholders on register of members of company on June 12 subject to shareholders’ approval.  Full Article

Nexen Energy ULC, owned by China’s CNOOC Ltd, to cut 400 jobs amid industry downturn - Canadian Business
Monday, 16 Mar 2015 08:00pm EDT 

CNOOC Ltd:Nexen Energy ULC, the Canadian company acquired by China’s CNOOC Ltd. more than two years ago, is cutting 400 jobs - Canadian Business.It says 340 of those will be in North America and the rest are with its U.K. North Sea operations.The North American job cuts, 300 are in Canada, where Nexen is active in the oilsands and in Western Canadian shale fields.  Full Article

CNOOC signs PSCs with SK Innovation Co., Ltd
Tuesday, 10 Feb 2015 04:02am EST 

CNOOC Ltd:Says that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with SK Innovation Co., Ltd. (SK) for Blocks 04/20 and 17/03 in the South China Sea.The two blocks mentioned above are located in the Pearl River Mouth Basin.Block 04/20 covers a total area of 5,138 square kilometers and has a water depth of 50-100 meters.Block 17/03 covers a total area of 7,686 square kilometers and has a water depth of 50-100 meters.Both blocks are included in CNOOC's Open Blocks in Offshore China for the year 2012.  Full Article

CNOOC Ltd commences production on Enping 24-2 oilfield
Monday, 13 Oct 2014 05:15am EDT 

CNOOC Ltd:Says its Enping 24-2 oilfield has commenced production.Enping 24-2 is an independent oilfield which the company holds 100 pct interest and acts as the operator.  Full Article

CNOOC Ltd declares interim dividend
Thursday, 28 Aug 2014 04:17am EDT 

CNOOC Ltd:Declares interim dividend of HK$0.25 per share (tax inclusive) for first half of 2014.Interim dividend will be paid on or around Oct. 16 to shareholders whose names appear on register of members on Sept. 19.  Full Article

CNOOC Ltd Signes PSC with Eni China B.V
Friday, 20 Jun 2014 06:49am EDT 

CNOOC Ltd:Says its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with Eni China B.V. (Eni) for the Block 50/34 in South China Sea.Block 50/34 is located in the Qiongdongnan Basin of offshore Hainan Island with a total area of 2,000 square kilometers, is one of the blocks CNOOC offered for foreign cooperation in 2012\According to the terms of the contract.Says Eni will conduct 3D seismic survey and drill exploration well in Block 50/34 during the 6.5 years exploration period.All expenditures incurred during the exploration period will be borne by Eni. CNOOC Limited has the right to participate in up to 51 pct working interest in any commercial discoveries in the block.  Full Article

CNOOC Ltd announces pricing of guaranteed notes offering
Wednesday, 23 Apr 2014 09:30pm EDT 

CNOOC Ltd:Announces pricing of $4,000 million aggregate principal amount of guaranteed notes.The offering consists of $1,250 million of 1.625 pct. guaranteed notes due 2017, $2,250 million of 4.250 pct. guaranteed notes due 2024 and $500 million of 4.875 pct. guaranteed notes due 2044.The net proceeds from this offering are expected to be about $3,963.2 million.The proceeds are intended to be used in part for repaying all or part of a $2.0 billion facility that was entered into for the purpose of repaying part of the bridge loan that financed the company's acquisition of Nexen Inc.The remaining proceeds, will be used for general corporate purposes.BOCI Asia Limited, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank AG, Singapore Branch, Goldman Sachs (Asia) L.L.C.And J.P. Morgan Securities LLC, Morgan Stanley & Co. International plc and UBS AG, Hong Kong Branch are the joint lead managers and joint bookrunners.  Full Article

CNOOC Ltd recommends final dividend
Friday, 28 Mar 2014 04:21am EDT 

CNOOC Ltd:Recommends payment of a final dividend of HK$0.32 (tax inclusive) per share for FY 2013.To be paid on July 3 to all shareholders on the register of members of the company on June 13.  Full Article

CNOOC's new output to lift China's oil production from 2014 record

BEIJING, July 3 - China's crude oil output looks set to rise this year from a record in 2014 as new production from third largest producer CNOOC helps to counter reductions from its two bigger rivals.

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