CNOOC buys 5% stake in Petrobras’s Buzios oil field

Brazil’s state-owned oil company Petrobras announced that it had received $1.9bn from CNOOC Petroleum Brasil Ltd. (CPBL) for a 5% stake in a production-sharing agreement for the Buzios field in the pre-salt of the Santos Basin. The $1.9bn includes adjustments provided for in the contract. The transaction is subject to approval by Brazil’s Ministry of

Pavilion Energy, Gasum and CNOOC to collaborate on LNG bunkering supply

Singapore-based Pavilion Energy, Finland’s Gasum and CNOOC Gas and Power Group have teamed up to bolster the liquefied natural gas (LNG) bunker supply network in Singapore, northwest Europe and China’s coastal areas – the top three bunkering regions. A strategic collaboration agreement will see the three companies work to establish central links across the West

CNOOC Marine Supplies delivers first bunker fuel to YM Enlightenment ship

CNOOC Marine Supplies completed its first bunker fuel delivery. The company a subsidiary of CNOOC Group has earlier received a bonded bunkering business license from the Shenzhen Municipal Party Committee and Municipal Government. The company delivered 1,730 metric tonnes (mt) of low-sulphur bonded fuel oil to YM Enlightenment ship in Yantian Port. The company has

CNOOC awards 12 LNG carriers construction contract

China National Offshore Oil Company (CNOOC) has awarded 16 billion yuan ($2.42 billion) worth of contracts to build 12 liquefied natural gas tankers. China is the world’s largest buyer of the super-chilled gas, while CNOOC is the country’s largest importer of the fuel and among the state majors leading a drive to expand their LNG

NYK inks charter contact with CNOOC for six new LNG carriers

Japan’s Nippon Yusen Kaisha (NYK) has gone to Shanghai for its latest expansion of its LNG fleet, inking orders for six 174,000 cu m vessels with CSSC Hudong-Zhonghua Shipbuilding worth a combined $1.26bn. China National Offshore Oil Corporation (CNOOC) will take the vessels on long term charter with delivery dates stretching all the way out

The main body of six world’s largest liquefied natural gas storage tanks in China has been built

The concrete pouring of all bearing platforms of six liquefied natural gas storage tanks with the world’s largest single tank capacity of 270000 cubic meters in the “green energy port” of CNOOC Yancheng was completed, and the construction of the main body of the storage tank was officially started. The project will build 10 large

China’s CNOOC supplies first carbon neutral LNG to Hong Kong

China National Offshore Oil Corp will supply carbon neutral LNG for the first time to Hong Kong, the state-owned oil and gas major said on its social media account late Dec. 20. CNOOC said it received a 65,000 mt carbon neutral LNG cargo on board the vessel “Magnolia” at the Guangdong Dapeng LNG terminal in

Beijing allocates extra 1 mn mt bunker fuel export quota to Sinopec, PetroChina, CNOOC

China’s Ministry of Commerce this week allocated an additional 1 million mt of quotas to Sinopec, PetroChina and CNOOC to export their domestically produced bunker fuel oil for bonded bunkering at China’s ports in 2021, sources with knowledge of the matter said. Meanwhile, the ministry has also approved Sinochem to transfer 230,000 mt of its