Our more than 1,000 crews provide oilfield services in 55 countries. Beijing , Beijing , China 10001+ CNOOC Limited Announces Penglai 25-6 Oil... 2020-12-14: more. CNOOC has become China's dominant producer of liquefied natural gas. China National Offshore Oil Corporation CNOOC Limited (the ?Company?, together with its subsidiaries, the ?Group? [citation needed], CNOOC has established CNOOC Gas and Power, which focuses on gas distribution and power generation. [23], In 2007, CNOOC was involved in a clash with Burmese workers who threw stones at the company offices. in August 1999, was listed on the New York Stock Exchange (code: CEO) and The Stock Exchange of Hong Kong Limited (code: 00883) on 27 and 28 February 2001, respectively. or ?we? China National Offshore Oil - W7CJAR from Alamy's library of millions of high resolution stock photos, illustrations and vectors. It is in the shape of a triangle with rounded corners, gently flaring outward, as to suggest the prow of an oil tanker. The Company explores, develops, produces, and sells oil and gas products. See the full list at Craft. The company is engaged in the oil and gas exploration and development, engineering and technical services, refining and marketing, natural gas and power generation. The CNOOC Headquarters Building (simplified Chinese: 中海油总部大楼; traditional Chinese: 中海油總部大樓; pinyin: Zhōnghǎiyóu zǒngbù dàlóu) is located on the Second Ring Road in the Chaoyangmen neighborhood of Beijing's Dongcheng District. The Group mainly engages in exploration, development, production and sale of crude oil and natural gas. 13 July 2011. [2], The building is meant to be a counterpart to the large Ministry of Foreign Affairs building on the opposite corner of the intersection of the Second Ring Road and Chaoyangmen Street. CNOOC brought LNG to China with its Dapeng LNG Terminal in Guangdong, which received its first shipment (from the NWS LNG project in Australia) in July 2006. [citation needed], Adding 61 percent to Nexen's July 20, 2012 stock price, on July 23 CNOOC agreed to buy Nexen for $15.1 billion (China's largest foreign deal). Export Administration Regulations (EAR) to CNOOC without first obtaining a U.S. export license. [1], In June 2005, a CNOOC Group company (NYSE and Hong Kong-listed public company CNOOC limited) made an $18.5 billion cash offer for American oil company Unocal Corporation, topping an earlier bid by ChevronTexaco. [7] Congressional delays and calls for inquiry deterred the CNOOC Limited bid. The Group’s core operation areas are Bohai, the Western South China Sea, the Eastern South China Sea and the East China Sea in offshore China. BP and China National Offshore Oil Corporation Agreement (5343643630).jpg 2,136 × 1,424; 663 KB. CNOOC Limited (中国海洋石油有限公司) is China's largest producer of offshore crude oil and natural gas. [30] This was followed by a second leak on June 17, which was contained within 48 hours. The annual output in Bohai Bay exceeded 10 million tons of oil equivalent for the first time, making it the second offshore area producing over 10 million tons (after the Eastern South Sea) and an energy-production base in northern China. Output reached 36.48 million tons of oil equivalent, increasing 3.12 million tons (nine percent) over 2003. Offshore Oil Engineering Co., Ltd is a listed company controlled by China National Offshore Oil Corporation, China’s only large project general contracting company integrating the qualifications for engineering design of offshore oil and natural gas development projects, onshore manufacturing and offshore installation, commissioning and repair projects, and liquefied natural gas and refining … [4][5], Despite a hands-off approach from the Bush administration, a group of Democrats and Republicans in Congress organized opposition to the CNOOC Limited bid. [23] In 2008, the US Treasury intimated that CNOOC cooperates with a company run by a family known for heroin trafficking. On July 20, 2005, Unocal announced that it had accepted an buyout offer from ChevronTexaco for $17.1 billion, which was submitted to Unocal stockholders on August 10. Many residents thought that, instead of resembling a ship or an oil derrick, the building looked like a toilet bowl,[4] particularly a model without a tank then being marketed in China by Kohler. On August 2 CNOOC Limited announced that it had withdrawn its bid, citing political tensions in the United States. [21], In 2010, CNOOC began to auction oil blocks in the Wushi oil field off Zhanjiang, a region yet unprospected with rich oil reserves.[22]. Having oil and gas assets and interests in over 30 countries, CNPC is playing a greater role globally as the world’s 3rd largest oil company. In accordance with the commitment by the Chinese government to join the World Trade Organization, the oil market will be opened to non-Chinese companies (such as Exxon Mobil and BP) by the end of 2006. [33], In December 2020, the United States Department of Defense named CNOOC as a company "owned or controlled" by the People's Liberation Army and thereby prohibited from receiving any American investment. [4][5], The company was advised by Goldman Sachs. The Group has oil and gas assets in Asia, Africa, North America, South America, Oceania and Europe. They argued that with $13 billion of CNOOC Limited's bid for Unocal coming from the Chinese government, the offer was not a free market transaction. [citation needed] The CNOOC Group focuses on the exploitation, exploration and development of crude oil and natural gas in offshore China, along with its subsidiary COOEC. It is the third-largest national oil company in the People's Republic of China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec). Its headquarters are … Today, the Bureau of Industry & Security (BIS) added China National Offshore Oil Corporation Ltd. (CNOOC) to the U.S. The building’s form visually references offshore oil production sites. CNOOC Building in Potou, Zhanjiang.jpg 4,240 × 2,832; 3.5 MB. [3], Local reaction to the building has seen it differently. The headquarters building of China National Offshore Oil Corporation (CNOOC) in Beijing on July 29, 2016. China National Offshore Oil Corporation, or CNOOC Group (Chinese: 中国海洋石油总公司 Pinyin: Zhōngguó Háiyáng Shíyóu Zǒnggōngsī), is one of the largest national oil companies in China. [10] In addition to Canadian authorities, the acquisition had to be approved by the Committee on Foreign Investment in the United States. [25] CNOOC's actions in Burma have been compared to that of communist officials in rural China, where entrepreneurs desiring development opposed by local residents steamroll their opposition.
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