Oil, Gas and Consumable Fuels
Company Overview of China National Offshore Oil Corporation
China National Offshore Oil Corporation explores, develops, produces, and sells 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; and power generation activities through natural gas, and in the provision of finance, trust, insurance, and financial and strategic investment services, and finance leasing services. The company was founded in 1982 and is headquartered in Beijing, China.
Founded in 1982
Key Executives for China National Offshore Oil Corporation
Chief Executive Officer and Secretary of The Leading Group of The Communist Party
President, Vice Party Leadership Group Secretary and Director
Party Leadership Group Member, Director, Chief Executive Officer of Cnooc Limited, Vice Chairman of Cnooc Limited and Member of Strategic Development Committee
Chief Financial Officer and Party Leadership Group Member
Vice President, Party Leadership Group Member and President of CNOOC Limited
Compensation as of Fiscal Year 2015.
China National Offshore Oil Corporation Key Developments
Investor Reportedly Mulls Acquisition of Stake In Santos
Nov 4 15
ENN Energy Holdings Limited (SEHK:2688) alongside China Petroleum & Chemical Corp. (SEHK:386) (Sinopec) and China National Offshore Oil Corporation have emerged as a lead contender for a 15% placement understood to be under close consideration by Santos Limited (ASX:STO. It is understood Santos, which is advised by Deutsche Bank AG (DB:DBK) and Lazard Ltd. (NYSE:LAZ), has turned its attention to Asia as it seeks a white knight cornerstone investor. Sources said China Petroleum & Chemical Corporation could fit the bill, while any strategic placement would likely be capped at 15% of the company's issued equity and its investment would be accompanied by a rights issue to existing shareholders. ENN Energy has also been named as a potential strategic investor, as has China National Offshore Oil Corp.
Primeline Obtains Contract Extension with China National Offshore Oil Corporation
Oct 13 15
Primeline Energy Holdings Inc. announced that China National Offshore Oil Corp. ("CNOOC") has agreed to extend the exploration period under the Petroleum Contract for Block 33/07 ("Petroleum Contract") to facilitate Primeline's exploration drilling programme. On October 9, 2015, CNOOC and Primeline signed an amendment agreement relating to the Petroleum Contract to extend phase one of the exploration period from three years to 3.5 years so that it now expires on April 30, 2016. The Petroleum Contract originally had a seven year exploration period split into three phases of three, two and two years. The amendment agreement extends the exploration period to 7.5 years with the first phase extended to 3.5 years, with the other phases remaining at two years each.
China National Offshore Oil Reportedly Seeks To Sell Stake In CNOOC Dongying Petrochemical
Sep 17 15
China National Offshore Oil Corporation reportedly is seeking to sell 21% stake in CNOOC Dongying Petrochemical Co.,Ltd. China National Offshore Oil Corporation (CNOOC) would reduce its holdings in CNOOC Dongying Petrochemical in a bid to shake off poor refining assts, according to media reports on September 17, 2015. CNOOC plans to trim its holdings in CNOOC Dongying Petrochemical to 30% from 51%.
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