CNOOC Limited

CNOOC Limited Released the 2023 Environmental, Social and Governance Report

Retrieved on: 
Tuesday, April 2, 2024
Securities Times, Communication, RMB, Asset, Science, Environment, The Company, ESG, Ethics, Perception, Research, CNOOC Limited, CNOOC, CCS, Carbon, Insurance, Strategy, Social, Water, Daya Bay, Institutional Investor, Coal, HKD, Gold Award

HONG KONG, April 2, 2024 /PRNewswire/ -- CNOOC Limited ("the Company", SEHK: 00883 (HKD counter) and 80883 (RMB counter), SSE: 600938) released its 2023 Environmental, Social and Governance (ESG) Report in Hong Kong today.

Key Points: 
  • HONG KONG, April 2, 2024 /PRNewswire/ -- CNOOC Limited ("the Company", SEHK: 00883 (HKD counter) and 80883 (RMB counter), SSE: 600938) released its 2023 Environmental, Social and Governance (ESG) Report in Hong Kong today.
  • CNOOC Limited positions ESG report as an important carrier for disclosing compliance information, strengthening sustainable development, and improving communication among stakeholders.
  • CNOOC Limited continues to reinforce corporate governance, tightens risk management and control, and further consolidates the foundation for sustainable development.
  • CNOOC Limited actively fulfills its corporate responsibility, expands its social contributions, and shares the fruits of development with all stakeholders.

CNOOC Limited Announces A Hundred-Million-Ton Oilfield Discovery of Kaiping South in South China Sea

Retrieved on: 
Thursday, March 7, 2024
RMB, HKD, Natural gas, Growth, Perception, Climate change, Water, Insurance, CNOOC Limited, Audit

The Kaiping South Oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 meters.

Key Points: 
  • The Kaiping South Oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 meters.
  • Through continued exploration, the proved in-place volume of Kaiping South Oilfield has reached 102 million tons of oil equivalent.
  • The discovery fully demonstrates the broad prospects for exploration in deep-water South China Sea and further expands the resource base for the Company's high-quality development."
  • The Company remains committed to oil and gas resources exploration and development in the South China Sea, thereby continuously enhancing its energy supply capacity."

CNOOC Limited Announces Its 2024 Business Strategy and Development Plan

Retrieved on: 
Thursday, January 25, 2024
Bohai Sea, Wind, Insurance, Perception, CCUS, CNOOC Limited, RMB, Public expenditure, Huizhou, Climate change, HKD, Petroleum reservoir, Growth, Renewable energy

HONG KONG, Jan. 25, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces its business strategy and development plan for the year 2024.

Key Points: 
  • HONG KONG, Jan. 25, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces its business strategy and development plan for the year 2024.
  • We focus on the efficiency of investment and make prudent plans on capital expenditure to ensure the sustainable development of our oil and gas business.
  • Major projects in China include Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project, Bozhong 19-2 Oilfield Development Project, Shenhai-1 Phase II Natural Gas Development Project, Huizhou 26-6 Oilfield Development Project and Shenfu Deep-play Coalbed Methane Exploration and Development Demonstration Project.
  • The Company continues to lever technological innovation to sustain reserves and production growth, and to empower the Company's high-quality development.

CNOOC Limited Announces Lufeng Oilfields Phase II Development Project Commences Production

Retrieved on: 
Wednesday, January 3, 2024
CNOOC Limited, HKD, CNOOC, Perception, Insurance, RMB, Water, Climate change, Oil

HONG KONG, Jan. 2, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Lufeng Oilfields Phase II Development Project has commenced production.

Key Points: 
  • HONG KONG, Jan. 2, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Lufeng Oilfields Phase II Development Project has commenced production.
  • It consists of Lufeng 8-1 Oilfield, Lufeng 9-2 Oilfield and Lufeng 14-8 Oilfield.
  • One new drilling platform is built, and 14 development wells are planned to be put into production, including 13 production wells and 1 water-injection well.
  • The project is expected to achieve a peak production of approximately 22,600 barrels of crude oil per day in 2025.

CNOOC Limited Announces Mero2 Project Commences Production

Retrieved on: 
Tuesday, January 2, 2024
HKD, Santos Basin, FPSO, Petrobras, RMB, CNOOC Limited, Federal Union, Perception, Insurance, Water, Climate change, TotalEnergies, CNPC

HONG KONG, Jan. 1, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Mero2 Project has commenced production safely.

Key Points: 
  • HONG KONG, Jan. 1, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Mero2 Project has commenced production safely.
  • The development plan includes 4 production units, namely, Mero1, Mero2, Mero3 and Mero4.
  • Mero2 Project is the second project commissioned in the field following Mero1 Project.
  • CNOOC Petroleum Brasil Ltda, a wholly-owned subsidiary of CNOOC Limited, holds 9.65% interest.

CNOOC Limited Announces Payara Project in Guyana Commences Production

Retrieved on: 
Wednesday, November 15, 2023
Perception, HSSE, Block, Climate change, FPSO, HKD, Insurance, RMB, SSE, Partnership, CNOOC Limited, SEHK, Oil, Payara

HONG KONG, Nov. 14, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Payara Project has commenced production safely.

Key Points: 
  • HONG KONG, Nov. 14, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Payara Project has commenced production safely.
  • Payara Project is expected to reach its peak production of approximately 220,000 barrels of crude oil per day in 2024.
  • CNOOC Petroleum Guyana Limited, a wholly owned subsidiary of CNOOC Limited, holds 25% interest in the Stabroek Block.
  • ExxonMobil Guyana Limited is the operator and holds 45% interest, and Hess Guyana Exploration Ltd. holds 30% interest.

CNOOC Limited Announces Bozhong 19-6 Condensate Gas Field Phase I Development Project Commences Production

Retrieved on: 
Tuesday, November 14, 2023
Condensate, Bohai Economic Rim, Perception, HSSE, SSE, Insurance, Natural gas, SEHK, HKD, CNOOC Limited, Water, RMB, Oil

HONG KONG, Nov. 13, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Bozhong 19-6 Condensate Gas Field Phase I Development Project has commenced production.

Key Points: 
  • HONG KONG, Nov. 13, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Bozhong 19-6 Condensate Gas Field Phase I Development Project has commenced production.
  • The main production facilities include 1 newly built central processing platform, 3 unmanned wellhead platforms and 1 gas process terminal.
  • 65 development wells are planned to be commissioned, including 42 production wells, 20 gas injection wells and 3 water source wells.
  • It is expected to achieve a peak production of approximately 37,000 barrels of oil equivalent per day in 2024.

AM Best Affirms Credit Ratings of ICM Assurance Ltd

Retrieved on: 
Friday, November 3, 2023
Insurance, Professional Services, AM Best, ICMA, Credit, CNOOC, News, AM, CNOOC Limited, Risk management, ERM, Risk, ALL, Michael (archangel)

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of ICM Assurance Ltd (ICMA) (St. Michael, Barbados).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of ICM Assurance Ltd (ICMA) (St. Michael, Barbados).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

CNOOC Limited Announces the Train 3 of Tangguh LNG Project Commences Production

Retrieved on: 
Friday, October 20, 2023
Insurance, SSE, HKD, RMB, SEHK, HSSE, PSC, Train (3 Doors Down song), CNOOC Limited, Perception, Natural gas, Limited, LNG, Tangguh gas field

HONG KONG, Oct. 19, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that the first LNG cargo from the newly-built liquefaction train (Train 3) of the Tangguh LNG project in Indonesia has been delivered, marking the safe commencement of the Train 3 of Tangguh LNG project.

Key Points: 
  • HONG KONG, Oct. 19, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that the first LNG cargo from the newly-built liquefaction train (Train 3) of the Tangguh LNG project in Indonesia has been delivered, marking the safe commencement of the Train 3 of Tangguh LNG project.
  • Tangguh LNG project is located in Papua Barat Province in Indonesia, consisting of 6 offshore gas fields under 3 PSCs.
  • Train 3 brings the total plant capacity to 11.4 mtpa, which further consolidates the position of Tangguh LNG project as the largest gas field and the largest LNG production hub in Indonesia.
  • CNOOC Muturi Limited, a wholly-owned subsidiary of the Company, holds a 13.90% interest in Tangguh project.

CNOOC Limited Announces Its First Onshore Centralized Photovoltaic Project Connected to the Grid

Retrieved on: 
Wednesday, July 5, 2023
Insurance, Altitude, CNOOC Limited, Farmer, Perception, Animal, Coal, HKD, SSE, HSSE, SEHK, Project, RMB, Renewable energy

HONG KONG, July 5, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that the Company's first onshore centralized photovoltaic project – the Animal Husbandry-solar Complementary Project in Hezuo City, Gannan Autonomous Prefecture is connected to the grid for power generation.

Key Points: 
  • HONG KONG, July 5, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that the Company's first onshore centralized photovoltaic project – the Animal Husbandry-solar Complementary Project in Hezuo City, Gannan Autonomous Prefecture is connected to the grid for power generation.
  • The Project is located in Gannan Autonomous Prefecture, Gansu Province of China, where the altitude is as high as 3,000 meters.
  • Compared with coal-fired generators of the same capacity, the project can save more than 20,000 tons of standard coal each year.
  • CNOOC Limited owns 100% equity interest in the Animal Husbandry-solar Complementary Project.