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...Hess and Cnooc did not immediately respond to requests for comment....
...Hess and Cnooc did not respond to requests for comment....
...Cnooc’s operations in the South China Sea are already a bone of contention. The area is core to Cnooc’s oil and natural gas production....
...It is too late for China’s biggest offshore oil and gas producer CNOOC, which left the New York Stock Exchange in October. US officials had previously deemed CNOOC a threat to national security....
...Cnooc, the only one of China’s state-run oil businesses subject to US sanctions, is also listed in Hong Kong, where its shares fell 4 per cent....
The FT’s Leslie Hook explains how environmental activists are approaching their battle against the project in Uganda and Tanzania
...Oil production from the Tilenga project operated by Total and the Kingfisher project operated by Cnooc is expected to start in 2025 and reach a combined 230,000 barrels a day....
...One of the new contracts with Cnooc is also for 20 years....
...The commerce department last year put Cnooc on a separate blacklist — called the “entity list” — that makes it hard for US companies to sell products and technology to the Chinese oil group....
...Cnooc acted as “a bully” for the Chinese military to help intimidate China’s neighbours in the South China Sea, said Wilbur Ross, US commerce secretary....
...The addition of Cnooc to the US blacklist would be immediately damaging. Cnooc relies on US technology and on partners such as ExxonMobil for oil discoveries and projects....
...Some of China’s biggest oil companies, including Cnooc, are already on the US list of companies with military links. Tech companies have been a longstanding target too....
...possibility that the latest military-linked companies will be added to the entity list, Edison Lee, an equity analyst at Jefferies in Hong Kong, compared their situation to that of Chinese oil company Cnooc...
Buyers weigh temporary cancellation of contracts due to coronavirus impact
...A $900m deal by Tullow Oil to sell a significant stake in a project in east Africa to Total and Cnooc has collapsed following a tax dispute with the Ugandan government....
...In 2005 Mr Li advised Cnooc on its $18.5bn bid for California-based Unocal, which was ultimately sunk by political opposition in the US....
...Total owns a 25 per cent interest in the Glengorm discovery, while Cnooc is the operator with a 50 per cent stake. The remainder is owned by Italy’s Edison....
...Oil company Cnooc’s proposed 2005 takeover of Unocal was scuppered in large part because of political opposition, and others have met similar fates since then....
Dollar holds gains as Fed chair signals commitment to gradual rate rises
...Cnooc’s Tianjin LNG terminal near Beijing is already working at full capacity, forcing the company to introduce of the lorry convoy to meet demand....
...Among the large Chinese oil companies, PetroChina was up 3 per cent and CNOOC added 2.2 per cent in early trading....
...Less than half a year later, NavTech bought the investment holding company, GAE Ltd, and by extension, Silex....
...Chinese oil giant Cnooc was up 1.8 per cent in Hong Kong after touching its highest since 2015....
...Sinopec was up 2.2 per cent while rival Cnooc climbed 1.5 per cent and PetroChina rose 1 per cent....
...Under the deal, uncontracted gas from Surat Basin fields would flow to the QCLNG project – which Shell runs for partners CNOOC and Tokyo Gas – and then be sold to the local and export markets....
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