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CNOOC (NYSE:CEO) (TSX:CNU) announced today that the Enping 18-1 oilfield has commenced production.
According to the press release:
The Enping 18-1 oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 90 meters. In addition to fully utilize the existing facilities
Mohr predicts that WTI will recover to the $65 level by the fourth quarter of 2015. “I think the price is going to move up to $65 because there has been such a huge drop in cost of production. Margins are being squeezed for drillers and service providers, but also
CNOOC Ltd. (NYSE:CEO) — the Chinese state-owned company that a year ago acquired Nexen Inc — is now making plans to build a huge liquefied natural gas facility in northern British Columbia, the Vancouver Sun reported.
By Vivien Diniz
For the first time since July, oil futures are down below $100 per barrel.
The agreement to ship up to 900,000 barrels of Russian oil a day to China follows a huge acquisition by Rosneft, leading to fears that Russia is pursuing a policy of world energy domination.
In today’s challenging finance environment, some miners are looking to royalty companies to fill the funding void. Royalty sales give the junior mining company capital to explore or build a mine in exchange for a percentage of future production. It is a win-win. Investors have exposure to gold profits, but
Despite oil price volatility, a number of investors retain the bullish belief that based on a few important fundamentals, the Canadian energy sector will record significant growth in the medium to long term.
The country’s largest producer has been added to the list of major assets currently on the block. Here, we look at some potential buyers.
The world’s third-biggest economy posted its third straight quarter of contraction this week, while the giant CNOOC-Nexen deal cleared its last hurdle.
The BBC reported that the United States has approved CNOOC’s (NYSE:CEO,HKEX:0883) acquisition of Canada’s Nexen (NYSE:NXY,TSX:NXY). The deal has already been okayed by Canadian authorities, so approval from the US means that the path for the sale is now clear.
Two high-profile groups believe the major challenges that miners will face in the coming year come down to one word: costs.
A just-released report reveals why the country’s resource sector looks set for continued growth. Here’s a look behind the numbers.
The Commodity Investor weighs in on how investors can benefit from a concession that is coming up for renewal in the United Arab Emirates.
With wide-eyed ambition, BHP Billiton hopes its Jansen project will change the potash industry. But not everyone agrees.
The state-owned oil and gas producer made two big deals this week, while talks to resolve the fiscal cliff stalled in the US.
A brief overview of oil price developments, supply and demand and significant market movers.
The Wall Street Journal reported that both Nexen Inc. (TSX:NXY,NYSE:NXY) and CNOOC Ltd. (NYSE:CEO) believe that CNOOC’s $15.1 billion takeover offer for Nexen will go through by the fourth quarter of this year.
Interest in Canada’s oil assets is steadily increasing, including from Indian private and public companies.
Resource prices moved sideways this week, but gold hit fresh highs on the possibility of further stimulus in China.
Resource prices gained earlier this week on a new stimulus package from Japan — but slower manufacturing activity in China and Europe spoiled the party.
