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CNOOC Ltd (0883.HK)

0883.HK on Hong Kong Stock

11.94HKD
17 Oct 2019
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Latest Key Developments (Source: Significant Developments)

CNOOC Announces Issue Of US$1 Billion 2.875% Guaranteed Notes Due 2029
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - CNOOC Ltd <0883.HK>::CNOOC- COMPANY AND CNOOC FINANCE ENTERED INTO UNDERWRITING AGREEMENT IN CONNECTION WITH ISSUANCE OF 2029 NOTES AND 2049 NOTES.AGGREGATE PROCEEDS FROM ISSUANCE OF NOTES ARE ESTIMATED TO BE APPROXIMATELY US$1,489.9 MILLION.AGREEMENT ENTERED INTO WITH BANK OF CHINA, BOC INTERNATIONAL, CITIGROUP, GOLDMAN SACHS (ASIA) L.L.C., J.P. MORGAN, AMONG OTHERS.ISSUES US$1 BILLION 2.875% GUARANTEED NOTES DUE 2029 AND US$500 MILLION 3.300% GUARANTEED NOTES DUE 2049.ISSUE PRICE OF 2029 NOTES WILL BE 99.440% OF PRINCIPAL AMOUNT, PLUS ACCRUED INTEREST, IF ANY, FROM 30 SEPT 2019 TO ISSUE DATE.CNOOC - ISSUE PRICE OF 2049 NOTES WILL BE 100.000% OF PRINCIPAL AMOUNT, PLUS ACCRUED INTEREST, IF ANY, FROM 30 SEPT 2019 TO ISSUE DATE.  Full Article

CNOOC Says Yuan Guangyu Resigned As Executive Director And Chief Executive Officer
Monday, 2 Sep 2019 

Sept 2 (Reuters) - CNOOC Ltd <0883.HK>::YUAN GUANGYU HAS RESIGNED AS AN EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER.YANG HUA RESIGNED AS CHAIRMAN.  Full Article

Tullow CEO: Uganda delay does not change aim of reducing stake to 11%
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Tullow Oil PLC ::TULLOW OIL CEO SAYS TOO EARLY TO SAY WHEN IN 2020 KENYA FID MIGHT COME.TULLOW OIL CEO SAYS STILL WANTS TO REDUCE UGANDA STAKE TO CA 11%, RESTRUCTURING FARM-DOWN A POSSIBILITY.TULLOW OIL CEO SAYS UGANDA TALKS FOCUS ON COST RECOVERY AFTER TRANSFER OF STAKE.TULLOW OIL CEO SAYS KENYA DEAL SIGNED ON TUESDAY PROVES PROJECT VIABLE AT $50/BBL.TULLOW OIL CEO SAYS HAS NO CONCERNS ABOUT LICENSE IN GUYANA DESPITE GOV'T ATTENTION TO HOW LICENSES WERE AWARDED.  Full Article

CNOOC Ltd Says Unit Shall Acquire 10% Equity Interest In Arctic LNG 2 LLC
Sunday, 9 Jun 2019 

June 9 (Reuters) - CNOOC Ltd <0883.HK>::CO, UNIT CEPR ENTERED INTO SHARE PURCHASE AGREEMENT WITH JOINT STOCK COMPANY NOVATEK, ITS UNIT EKROPROMSTROY LIMITED LIABILITY CO.UNIT CEPR LTD SHALL ACQUIRE 10% EQUITY INTEREST IN ARCTIC LNG 2 LLC HELD BY EKROPROMSTROY, UNIT OF JSC NOVATEK.  Full Article

CNOOC China Signs A Petroleum Contract With PetroChina
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Cnooc Ltd <0883.HK>::CNOOC CHINA LIMITED SIGNS A PETROLEUM CONTRACT WITH PETROCHINA.SUBSIDIARY CNOOC CHINA SIGNED A PETROLEUM CONTRACT WITH PETROCHINA FOR BEIBU GULF 23/29 BLOCK AND BEIBU GULF 24/11 BLOCK.PETROCHINA SHALL ACT AS OPERATOR DURING EXPLORATION PERIOD IN CONTRACT AREA AND BEAR 70% OF DIRECT EXPLORATION EXPENDITURES.CNOOC CHINA LIMITED BEARS OTHER 30 PERCENT OF DIRECT EXPLORATION EXPENDITURES.ONCE ENTERING INTO DEVELOPMENT AND PRODUCTION PHASE, TWO PARTIES SHALL SET UP A JOINT OPERATION ORGANIZATION TO ACT AS JOINT OPERATORS.  Full Article

Sino Geophysical's Unit In Agreement With CNOOC To Develop Bohai Block, Plans Mexico Unit
Friday, 12 Apr 2019 

April 12 (Reuters) - Sino Geophysical Co Ltd <300191.SZ>::SAYS IT PLANS TO SET UP UNIT SINOGEO SEISMIC SERVICE (MEXICO) LIMITED.SAYS ITS OVERSEAS UNIT AGREES WITH CNOOC ON A 30-YEAR PRODUCTION SHARING CONTRACT TO DEVELOP BOHAI BLOCK.  Full Article

CNOOC Posts FY Profit Attributable At RMB52,688 Million
Thursday, 21 Mar 2019 

March 21 (Reuters) - CNOOC Ltd <0883.HK>::FY PROFIT ATTRIBUTABLE RMB 52,688 MILLION VERSUS RMB 24,677 MILLION.FY REVENUE RMB226,963 MILLION VERSUS RMB186,390 MILLION.RECOMMENDS FINAL DIVIDEND OF HK$ 0.40 PER SHARE.EXTERNAL OPERATING ENVIRONMENT IS LIKELY TO REMAIN CHALLENGING IN 2019.  Full Article

PTT Exploration And Production Says Started Development On Phase 1 Of Algeria Hassi Bir Rekaiz Project
Tuesday, 19 Mar 2019 

March 19 (Reuters) - PTT Exploration And Production Pcl ::CO, SONATRACH AND CNOOC HAVE STARTED DEVELOPMENT ON PHASE 1 OF ALGERIA HASSI BIR REKAIZ PROJECT.FIRST OIL PRODUCTION FROM PROJECT FOR INITIAL PHASE OF 10,000-13,000 BARRELS PER DAY EXPECTED IN EARLY 2021.PLAN FOR THE SECOND PHASE PRODUCTION CAPACITY RAMPING UP TO AROUND 50,000-60,000 BPD IN 2025 FOR ALGERIA PROJECT.  Full Article

Phoenix Petroleum Philippines Board Approved JV With Cnooc
Friday, 1 Feb 2019 

Feb 1 (Reuters) - CNOOC Ltd <0883.HK>::BOARD APPROVED JV WITH CNOOC TO ESTABLISH & OPERATE VARIOUS TRADE AND SERVICES UNDER LNG INTEGRATED HUB PROJECT.BOARD APPROVED FORMATION OF NEW WHOLLY-OWNED SUBSIDIARY OR CO TO MANAGE LNG INTEREST IN LNG INTEGRATED HUB PROJECT.BOARD APPROVED INITIAL INVESTMENT OF 250.0 MILLION PESOS FOR LNG PROJECT, INCLUDING THE FORMATION OF NEW CO.  Full Article

CNOOC Ltd Sees 2019 Net Production Between 480 Mln-490 Mln BOE
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - CNOOC Ltd <0883.HK>::COMPANY'S TARGETED NET PRODUCTION FOR 2019 IS 480 MILLION TO 490 MILLION BARRELS OF OIL EQUIVALENT.NET PRODUCTION FOR 2020 AND 2021 ARE ESTIMATED TO BE 505 MILLION TO 515 MILLION BOE AND 535 MILLION TO 545 MILLION BOE.COMPANY'S TOTAL CAPITAL EXPENDITURE FOR 2019 IS BUDGETED AT RMB70 BILLION TO RMB80 BILLION.NET PRODUCTION FOR 2018 IS EXPECTED TO BE APPROXIMATELY 475 MILLION BOE.IN 2019, COMPANY PLANS TO DRILL 173 EXPLORATION WELLS.IN 2019, SIX NEW PROJECTS ARE EXPECTED TO COME ON STREAM.  Full Article