Keyword: CNOOC

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CNOOC to Buy Nexen for $15.1 Billion in China's Largest Foreign Deal

24.07.2012 - State-controlled CNOOC launched China's richest foreign takeover bid yet on Monday by agreeing to buy Canadian oil producer Nexen for $15.1 billion, forcing Ottawa to decide...

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CNOOC Starts Building $1.6 Billion Taizhou Crude Facility

18.06.2012 - CNOOC, China's third-largest state-run refiner, has started building a 60,000-barrel-per-day crude processing facility in eastern China, to boost its still nascent refining and...

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CNPC, PDVSA to Start Building Joint Refinery in Late April

23.04.2012 - State-run China National Petroleum Corp (CNPC) and Petroleos de Venezuela (PDVSA) will start building their mega joint refinery on China's southern coast later this month, a move...

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CNOOC Says 2011 Profit Surges 29%

28.03.2012 - China's top offshore oil producer CNOOC posted a 29% rise in 2011 net profit on Wednesday, matching forecasts, on soaring crude oil prices. Unlike peers PetroChina and China...

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Sinopec to Restructure Engineering Units by Mid-2012

06.02.2012 - Sinopec Group, parent of top Asian refiner Sinopec, will complete restructuring of its engineering business by about mid-year before listing the new vehicle via a public stock...

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China Energy M&A Deals in 2011, 2012

24.01.2012 - Fast-growing, resource-hungry China continues to invest in oil and gas assets from Canada to Latin America to Australia in 2011, and also sees a few acquisitions in the nuclear...

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Sinopec's $2.8 Billion LNG Terminal To Win Final Approval Soon

20.01.2012 - China Petroleum and Chemical Corp's (Sinopec Corp) plan to build a 3 million ton-per-year import terminal of liquefied natural gas (LNG) in south China is expected to win final...

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CNOOC Targets Higher Output and Capex In 2012

20.01.2012 - Top Chinese offshore producer CNOOC said on Wednesday it plans to produce 2.4% more oil and gas in 2012 as more projects commence operation, and to further boost spending on...