China’s state-owned oil and gas producer CNOOC Limited said on Monday that Zhou Xinhuai has resigned as chief executive officer. Zhou, born in 1970, was appointed as the Executive Director and Chief Executive Officer of CNOOC Limited in April 2022,

SINGAPORE: Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow's two biggest o

China's state-owned oil refineries have suspended purchases of russian crude oil supplied by sea. This step was taken after the new US sanctions against the

Brazil's pre-salt area, known for its deep-water fields beneath a thick salt layer, is a crucial element of the country's oil production.

CNOOC Ltd. has begun production in the Bozhong 19-2 Oilfield Development Project in central Bohai Bay, the seventh oil and gas project put onstream by the Chinese state-backed company this year. The oil and gas explorer and producer expects the project to ...

Brazil sold five of the seven blocks offered in an oil auction on Wednesday to majors including Petrobras and Equinor ASA in a sign of renewed interest to explore in deep waters off the country’s southern coast despite low oil prices.

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. CNOOC forecasts oil prices to remain between $75 and $85 per barrel for the rest of 2024. The company reported record ...

Uganda’s long-awaited dream of producing its first barrel of oil is set to become a reality by July 2026, according to John Bosco Habumugisha, deputy managing director of the East African Crude Oil Pipeline (EACOP).

India and China are expected to turn to other supplies. Read more at straitstimes.com. Read more at straitstimes.com.