Word: cnooc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...drilling wells in volatile countries such as Uganda, Mozambique or Somalia. But better technology, lower risk in some of the countries and higher oil prices in recent years have changed the equation. Wildcatters and majors such as Italy's Eni, Petronas of Malaysia and China National Offshore Oil Corporation (CNOOC) have all moved on East Africa in the past few years...
...That's changing. Kenya issued six exploration licenses between 2000 and 2002 and two more to CNOOC in the next four years. In 2008 and 2009, it issued 18 new licenses. "Despite a long history of unsuccessful exploration, the oil companies are investing in Kenya," says Mwendia Nyaga, managing director of the National Oil Corporation of Kenya. "The question is not if any hydrocarbon deposits exist, but where they are." (See "Borders of Sudan's Oil-Rich Region Shrink...
...very active to get as many commitments on energy around the world before the dollar devalues too much." In August, China signed a $41 billion contract to buy liquefied natural gas over the next 20 years from Australia. Last month, China's state-owned China National Offshore Oil Corp (CNOOC) entered talks with Nigeria to buy as much as one-sixth of the West African nation's proven petroleum reserves, the Financial Times reported. This week, Guinea's junta announced a $7 billion mining deal with an unnamed Chinese company, which human-rights activists say could prop up a government...
...weaker by the day and we want hard assets. Companies, land, buildings, amusement parks, golf courses, whatever. Our sovereign wealth fund - the China Investment Corp. - is already looking at possible investments, as are some of our state-owned companies. A few years ago, one of our better-run companies, CNOOC, tried to buy a second-tier oil company in Los Angeles, UNOCAL, but backed off after your own xenophobic politicians created a ruckus. We hope that in the future your Administration will help explain to the American people - not to mention the members of Congress in both parties - that increased...
...Rudd insists Australia remains open for investment from all comers. And that may well be true. But whether the Chinese remain interested in Australia might be another story. Recently, Fu Chengyu, the CEO of CNOOC and the man who tried to acquire UNOCAL in 2005, told reporters from TIME and Fortune that his company was still keenly interested in overseas investments. And then added, smiling, "though not in North America...