Oil, Gas and Consumable Fuels
Company Overview of China National Offshore Oil Corporation
China National Offshore Oil Corporation engages in the exploration, development, production, and marketing of oil and gas in China. It offers upstream, mid, and downstream services; and engages in the development, production, and sale of fertilizers and chemical products. The company offers technical services, including oilfield services, and offshore oil and gas engineering and construction services, as well as technical services for oil exploration and production, petrochemical and refining, natural gas power generation, and LNG. It also provides financing, insurance, and asset management services for its members; and engages in the exploration and utilization of renewable and clean energi...
Founded in 1982
Key Executives for China National Offshore Oil Corporation
Chief Executive Officer and Secretary of The Leading Group of The Communist Party
Compensation as of Fiscal Year 2013.
China National Offshore Oil Corporation Key Developments
China National Offshore Oil Corporation and Brunei National Petroleum Company Sdn Bhd Sign Agreement to Set Up an Oilfield Services Joint Venture
Oct 17 13
China National Offshore Oil Company (CNOOC) and Brunei National Petroleum Company Sdn Bhd have signed an agreement to set up an oilfield services joint venture (JV). The signing took place during Chinese premier Li Keqiang's visit to Brunei last week. CNOOC does not hold any acreage in Brunei. The JV was signed shortly after the governments of Brunei and China inked a memorandum of understanding (MOU) on maritime co-operation. The CNOOC-Petroleum Brunei JV carries a strategic as well as a commercial significance for China, given that a substantial portion of Brunei's offshore 200 nautical mile exclusive economic zone falls within China's 'nine-dash line', which represents China's claim to a large part of the South China Sea. The JV is the practical realisation of a long-standing Chinese policy in dealing with maritime disputes, which focuses on setting aside differences and jointly developing resources, such as hydrocarbons, in disputed areas. The JV also builds on an agreement signed in February 2011, in which CNOOC and Petroleum Brunei agreed to undertake joint oil and gas exploration in Brunei's hydrocarbon-rich waters.
China National Offshore Oil Corporation Signs USD 3 Billion of Syndicated Loans with 11 Banks
Sep 25 13
China National Offshore Oil Corporation signed up for a USD 3 billion syndicated loan with 11 banks. The company received USD 2 billion in a one-year term facility, and USD 1 billion in a five-year term portion.
China National Offshore Oil Corp to Build CNY 12 Billion LNG Import Terminal Project in Jiangsu Province
Sep 18 13
China National Offshore Oil Corp. announced it will build a CNY 12 billion ($2 billion) liquefied natural gas (LNG) import terminal project in Jiangsu province that is due for commissioning in 2016. The company has obtained regulatory approval from China's National Development and Reform Commission (NDRC) in August this year to begin preparatory works for the terminal. First phase of the project will consist of a 2.2 m tone/year floating storage and re-gasification unit (FSRU), a 100,000-tone specialized jetty and an onshore terminal with an annual handling capacity of 3 m tones. Construction of the project's first phase is likely to be completed in two or three years at the soonest. CNOOC is expected to expand the terminal's annual handling capacity to 6 m tones in the second phase of construction. LNG received by the terminal will be supplied to a proposed gas-fuelled power generation plant, which will be equipped with eight 300-megawatt (MW) generators, and will also be supplied to nearby markets.
Similar Private Companies By Industry
Recent Private Companies Transactions