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OPERATIONS

CNOOC capex to rise 5% on 2021 

CHINA's CNOOC is bucking the trend of peers and planning a rise in spending this year after 2020 production rose 5% despite the pandemic and lowered demand across much of the world. 

Helen Clark
CNOOC partners with Horizon offshore China

CNOOC partners with Horizon offshore China

Last year's output totalled  528 million barrels of oil equivalent, slightly below the high end of its targeted 530MMboe.    It said production offshore China will account for 68% of this year's target;...

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