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Geopolitics

ASIA PACIFIC:

CHINA:

  • The US Commerce Department said it added Chinese National Overseas Oil Corporation (CNOOC) to a US economic blacklist. It said CNOOC has “repeatedly harassed and threatened offshore oil and gas exploration and extraction in the South China Sea, with the goal of driving up the political risk for interested foreign partners, including Vietnam.”

SOURCE: BUSINESS TIMES


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Global Energy Stategic Resources

Asia Pacific

ASIA PACIFIC

  • CHINA/USA: Chinese state oil giant CNOOC faces possible new US sanctions, threatening to cripple its international operations.

SOURCE: SOUTH CHINA MORNING POST

 

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Middle East

MIDDLE EAST

  • IRAQ: China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq (West Qurna 1 field). The oilfield is one of the world’s largests.

SOURCE: WORLD OIL

 

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Asia Pacific

ASIA PACIFIC

  • SOUTH CHINA SEA: The Philippine National Oil Company (PNOC) is reportedly planning to commence an exploration venture with state-owned China National Offshore Oil Corporation (CNOOC) in the South China Sea by next year. The exploration venture will focus on the Calamian oil and gas prospect.

SOURCE: NS ENERGY BUSINESS

 

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