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UPDATE 1-EnQuest selling stake in North Sea Golden Eagle oilfield, sources say
EnQuest selling stake in North Sea Golden Eagle oilfield, sources say. Britain's EnQuest is looking to sell its 27% stake in the Golden Eagle field in the British North Sea. The company bought the stake from Suncor in 2021 for $325 million. EnQuest has struggled in recent years with high debt levels.
Reuters · 3d ago
HESS: FPSO VESSEL FOR WHIPTAIL IS UNDER CONSTRUCTION
Reuters · 04/12 11:26
UPDATE 3-Exxon moves forward with sixth oil project in Guyana
Exxon moves forward with sixth oil project in Guyana. Production at the $12.7 billion Whiptail project is expected to begin in 2027. The project will add 250,000 barrels of oil per day to the Stabroek Block. Shares of Exxon were up over 1.2% in morning trade.
Reuters · 04/12 11:25
UPDATE 2-Exxon moves forward with sixth oil project in Guyana, targets 1.3 mln bpd output
Exxon moves forward with sixth oil project in Guyana, targets 1.3 mln bpd output. A consortium led by Exxon began crude output in 2019 and has ramped up production to 650,000 barrels per day. Production at the $12.7 billion project is expected to begin in 2027. Exxon is currently embroiled in a dispute with Hess over the Stabroek block.
Reuters · 04/12 11:25
China stocks rise as commodities shine; Hong Kong snaps winning streak
China stocks rise as commodities shine; Hong Kong snaps winning streak. Strong performances in copper and gold miners offset drag from weak consumer data. China released worse-than-expected March consumer data on Thursday. Hong Kong stocks track overnight losses in Wall Street and drag down U.S. Shares.
Reuters · 04/11 05:17
Guyana gas-to-power project to shave weeks off oil output, hit revenue
Guyana gas-to-power project to shave weeks off oil output, hit revenue. First phase of a power plant is running six months behind schedule. Guyana's biggest effort to capitalize on its energy bounty is embroiled in legal fights. The country's first commercial oil and gas discovery will be in 2015. Exxon Mobil is building a gas pipeline to supply the power plant.
Reuters · 04/08 10:00
EXCLUSIVE-Russia's Arctic LNG 2 suspends gas liquefaction amid sanctions, lack of tankers, sources say
Russia's Arctic LNG 2 suspends gas liquefaction amid sanctions, lack of tankers, sources say. The project has slashed gas output in recent month - media sources. Russia's largest producer of liquefied gas faces challenges in getting specialist gas tankers. Project had been hoping to start commercial deliveries in first quarter of this year.
Reuters · 04/02 15:01
Deals of the day-Mergers and acquisitions
EU antitrust regulators resume their investigation into British Airways owner IAG's bid to buy out Air Europa. Italian bank UniCredit sells its 4.99% stake in construction group WeBuild. South Africa's Telkom agrees to sell its masts and towers business for $357 million. Chinese offshore oil and gas major CNOOC files arbitration claim.
Reuters · 03/22 09:44
China's CNOOC files arbitration over Hess stake in Guyana oil block
China's CNOOC files arbitration over Hess stake in Guyana oil block in the event of the U.S. Firm's sale to Chevron CVX.N. CNOoc filed the arbitration application on March 15, following a similar move by Exxon Mobil. The oil and gas major wants to establish a right over Hess' stake in the Guyana field.
Reuters · 03/22 03:50
CERAWEEK -Exxon Mobil CEO says not trying to acquire Hess
Exxon Mobil CEO Darren Woods says company is trying to secure preemption rights over Hess assets. Woods says Exxon would have waited for Chevron to announce its deal to buy Hess. Exxon has filed arbitration case to block Chevron's $53 billion deal for Hess. Woods raises concerns about development of hydrogen gas and carbon reduction.
Reuters · 03/18 13:58
Exxon-led group strikes new oil and gas discovery off Guyana
Exxon-led group strikes oil and gas discovery off Guyana. The company's first announced discovery in the South American country this year. The discovery joins more than 30 already since 2015 in the prolific Stabroek block. The consortium led by Exxon began crude output in Guyana in 2019.
Reuters · 03/15 20:33
INSIGHT-Chevron's CEO faces challenges of a lifetime with Hess bid
Chevron's CEO Michael Wirth faces challenge of a lifetime with Exxon Mobil's $53 billion bid for Hess. Exxon filed an arbitration claim that could block Hess' proposed merger with Chevron. The sale includes Hess' 30% stake in a consortium that has discovered 11 billion barrels of oil in Guyana.
Reuters · 03/08 11:00
UPDATE 1-Exxon signals potential counter offer for Hess's Guyana assets
Exxon Mobil says it filed a contract arbitration disputing Hess's proposed sale of Guyana oil properties. Move could jeopardize Chevron's proposed purchase of Hess's assets. Exxon says it may counter Chevron's pending deal for the assets. Company says arbitration case will preserve right to acquire Hess's 30% stake in giant Stabroek offshore oil block.
Reuters · 03/06 18:06
UPDATE 1-Guyana takes no side in Exxon-Chevron dispute -vice president
Guyana takes side in Exxon-Chevron dispute - vice president Bharrat Jagdeo. Guyana will accept whatever decision emerges in dispute over sale of Hess to Exxon. Exxon says it wants to acquire Hess's 30% stake in the Stabroek offshore oil field. Chevron proposed to buy Hess in October.
Reuters · 02/28 21:49
RPT-BREAKINGVIEWS-Exxon juggles stick of dynamite near Hess deal
Exxon and Chinese partner CNOOC have asserted their right to insert dynamite into Chevron's deal for Hess. The dispute centers over the partners’ right of first refusal to bid for Hess’s 30% stake in a prodigious oil field off Guyana's coast. Robert Cyran says Exxon's threat could saddle Chevron with a risky time-bomb.
Reuters · 02/28 13:00
ANALYSIS-Exxon's curveball move in Guyana alters Chevron-Hess deal prospects
Exxon Mobil says it may exercise pre-emptive rights to block Chevron's acquisition of Hess. Exxon wants Chevron to increase its commitments to a Guyana oil block, analysts say. Chevron's $53 billion deal to buy Hess is the centerpiece of Exxon's challenge to the deal. Exxon is the largest foreign oil company in Guyana.
Reuters · 02/28 11:00
Hess says pre-emption provision doesn't apply to buyout deal with Chevron
Hess says pre-emption provision doesn't apply to buyout deal with Chevron. Exxon Mobil says it may preempt Chevron's acquisition of a 30% stake in a giant Guyana oil block. Hess says it remains "fully committed" to the deal. Hess said pre-emptive provision does apply to proposed $53-billion buyout by Chevron.
Reuters · 02/27 22:26
BREAKINGVIEWS-Exxon juggles stick of dynamite near Hess deal
Exxon and Chinese partner CNOOC say Chevron’s acquisition of Hess gives them the right to buy Hess stake in a Guyana oil field. Chevron says Exxon and Chinese company have asserted they have right to pre-empt its deal. Chevron may be liable for a $1.7 billion breakup fee if deal fails.
Reuters · 02/27 17:56
BUZZ-Hess falls as Exxon, Chevron in dispute over stake in Guyana oil block
Hess falls as Exxon, Chevron in dispute over stake in Guyana oil block. Shares of oil and gas company Hess HES.N down ~3% pre-market at $145.50. Exxon Mobil XOM.N said it may preempt Chevron's acquisition of a 30% stake in a giant GuyanaOil block. Dispute could end Chevron's $53 billion deal for Hess.
Reuters · 02/27 12:58
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About CEO
CNOOC Limited is a Hong Kong-based investment holding company principally engaged in the exploration, production and trading of oil and gas. Its businesses include conventional oil and gas businesses, shale oil and gas businesses, oil sands businesses and other unconventional oil and gas businesses. The Company mainly operates businesses through three segments. The Exploration and Production segment is engaged in the exploration, development and production of crude oil, natural gas and other petroleum products. The Trading segment is engaged in the trading of crude oil, natural gas and other petroleum products. The Corporate segment is engaged in corporate-related businesses. The Company mainly operates businesses in China, Canada, the United Kingdom, Nigeria, Indonesia and Brazil, among others.