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Chinese language oil big Cnooc planning North Sea exit as a part of ‘strategic shift’ – report

Utility Services

June 23, 2022

Chinese language oil big Cnooc planning North Sea exit as a part

Chinese language oil big Cnooc (TSX: CNU) is placing plans in place to tug out of the North Sea, based on experiences. Reuters says Financial institution of America has been drafted in to start out getting ready a proper sale

By Hepisoping

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Cnooc plans share buybacks after file revenue on expensive oil

Utility Services

February 27, 2022

Cnooc plans share buybacks after file revenue on expensive oil

Cnooc Ltd plans to implement share buybacks and assure dividends by means of 2024 after its earnings soared to a file final yr. China’s greatest offshore driller reported 70.3 billion yuan ($11 billion) in internet earnings in 2021, rebounding from

By Hepisoping

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Exxon seizes Yellowtail with fourth Guyana FID

Utility Services

December 23, 2021

Exxon seizes Yellowtail with fourth Guyana FID

ExxonMobil has taken its fourth remaining funding determination (FID) in Guyana on the Yellowtail undertaking. Yellowtail would be the largest on the Stabroek Block, with manufacturing of 250,000 barrels per day of oil beginning up in 2025. The $10 billion

By Hepisoping

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BP courts Chinese language and Indian vitality majors in bid to dump Russia belongings

Utility Services

July 22, 2021

BP courts Chinese language and Indian vitality majors in bid to dump

BP has reached out to state-backed companies in Asia and the Center East because it searches for a method to offload its Russian belongings. The UK vitality big has made preliminary approaches to China Nationwide Petroleum Corp. and Sinopec Group

By Hepisoping