September 30, 2016 11:31 AM ET

Oil, Gas and Consumable Fuels

Company Overview of China National Offshore Oil Corporation

Company Overview

China National Offshore Oil Corporation engages in the exploration, development, and production of oil and gas in China and internationally. The company also offers engineering and technical services, including oilfield, offshore oil engineering, and professional services. The company is also involved in the production and sale of petrochemical products and fertilizers; operation of LNG receiving terminals, natural gas pipelines, and natural gas vessels; natural gas liquefaction and distribution activities; and power generation activities through natural gas. In addition, it provides finance, trust, insurance, and financial and strategic investment services, as well as finance leasing servic...

CNOOC Building

No.25,Chaoyangmenbei Dajie

Dongcheng District

Beijing,  100010

China

Founded in 1982

Phone:

86 10 8452 1010

Fax:

86 10 6460 2600

Key Executives for China National Offshore Oil Corporation

President and Party Leadership Group Member
Age: 57
Chairman, Party Leadership Group Secretary, Chairman of Nomination Committee, Chairman of Strategic Development Committee, Vice Chairman of CNOOC Limited and Chief Executive Officer of CNOOC Limited
Age: 55
Chief Financial Officer and Party Leadership Group Member
Age: 51
Chief Legal Officer, Assistant President and Employee Director
Age: 58
Deputy Chief Engineer
Compensation as of Fiscal Year 2016.

China National Offshore Oil Corporation Key Developments

China National Offshore Oil Corporation Announces to Shut its Huizhou's Aromatics Plant in Guangdong Province for Maintenance

China National Offshore Oil Corporation Huizhou's aromatics plant in Guangdong province is currently shut for maintenance. The plant - which has 170,000 tonnes/year of crude toluene capacity and 125,000 tonnes/year of crude xylene capacity - was shut on 16 September 2016. This is the third time this year that the plant was taken off line due to feedstock shortage. The repeated shutdown of the plant has tightened supply of crude xylene in south China, market.

CNOOC Eyes Acquisitions

China National Offshore Oil Corporation (CNOOC) said it was scouting around for potential acquisition opportunities, although a climate of low oil prices was making it difficult to agree on price and close deals. "We are still looking for good M&A opportunities globally, but we will be more cautious after Nexen," joint company secretary Li Jiewen told S&P Global Platts on the sidelines, while the company announced its half-yearly results. "It is still hard for asset buyers and sellers to agree to a deal price currently."

China National Offshore Oil Corporation Announces Appointment of Wen Dongfen as CFO

The Chinese government has appointed Wen Dongfen, the chief financial officer of Sinopec Corp., as the new CFO of state-owned China National Offshore Oil Corp. (CNOOC). The 51-year-old Wen had been Sinopec Corp.'s finance chief for just seven months after being appointed in late December 2015. He replaces 61-year-old Wu Mengfei as CNOOC's CFO; Wu has reached retirement age, according to CNOOC.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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