Monday 14 July 2014
 
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CNOOC

CNOOC profit slides 11.4 per cent

China's top offshore oil producer CNOOC posted a 11.4 per cent slide in its 2013 net profit yesterday, lagging analysts' forecasts, as it struggled to deliver production growth and control costs amid weakening crude prices.

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Canada approves CNOOC-Petronas deals

Canada approved China's biggest foreign takeover, the $15.1 billion bid by CNOOC for energy company Nexen, after the Chinese giant agreed to conditions, but drew a line in the sand against future purchases by state-owned enterprises.

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Aramco, CNOOC eye $2.2bn Frac Tech stake

Saudi Aramco, China Petroleum & Chemical Corp (Sinopec) and CNOOC are in talks to buy up to 30 per cent stake in North American oil and gas services company Frac Tech International in a deal worth about $2.2 billion. Frac Tech has hire

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Total acquires 25pc stake in Qatari block

France's Total has acquired a 25 per cent stake in Qatar's Block BC offshore exploration license, state-owned Qatar Petroleum said in a statement on Sunday. Located 130km east of the Qatari coast, the offshore block covers an area of 5,649

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BP to sell Pan American stake for $7bn

BP said it had agreed to sell its stake in Argentina-based oil and gas group Pan American Energy (PAE) to Bridas Corp, half-owned by China's CNOOC, for $7 billion, as it raises cash to pay for the Gulf oil spill. The planned sale of the 60

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Sinopec, CNOOC in $7bn OGX asset bid

China's Sinopec Group and CNOOC are bidding for stakes in assets owned by Brazilian oil and gas start-up OGX SA in a potential $7 billion deal, sources with direct knowledge of the matter said on Friday. OGX, part of the EBX industrial

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Iraq signs Maysan oilfields deal

Iraq's Oil Ministry signed a final deal with China's CNOOC and state-run Turkish Petroleum Corporation (TPAO) on Monday to develop the 2.5-billion-barrel Maysan oilfield complex.    The deal is the 11th of a series

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Iraq to sign oilfield deal with CNOOC, TPAO

Iraq plans to sign a final deal with China's CNOOC and state-run Turkish Petroleum Corporation (TPAO) to develop the 2.5-bilion-barrel Maysan oilfield complex on Monday, a senior oil official said. China's Sinochem is no longer a part of t

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Iraq-China firms sign deal for Maysan fields

Iraq has signed an initial deal with China's CNOOC and Sinochem to develop the 2.5-billion-barrel Maysan oilfield complex, Oil Minister Hussain Al-Shahristani told Reuters on Sunday. A final deal with both companies will be signed in t

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CNOOC H1 profit plummets 55pc

China's largest listed offshore oil and gas producer CNOOC said Wednesday that its first-half net profit fell 55 per cent on the back of lower oil prices. The China National Offshore Oil Company (CNOOC) said in a statement that its net pro

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