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China National Offshore Oil Corporation

(中国海洋石油集团有限公司)

中国海洋石油集团有限公司

The latest news, analysis and opinion on China National Offshore Oil Corporation. In-depth analysis, industry insights and expert opinion.

Chairman / President

Wang Dongjin

CEO / Managing Director

Xu Keqiang

CFO / Finance Director

Xie Weizhi

Industry

Oil / Gas / Mining

Website

cnooc.com.cn

Headquarters Address

65 Furong South Road, Tianhe District, Guangzhou, Guangdong Province, China

Stock Code

SEHK: 883

Year Founded

1982

Pedestrians walk in front of an electronic sign board showing the Hang Seng Index in Hong Kong on July 11, 2025. Photo: AFP

Hong Kong stock market

Tech firms lead Hong Kong stock advance with rate cut ‘locked in’

Growing confidence in a US interest-rate cut overcomes concerns about an AI bubble and a contraction in mainland factory activity.

1 Dec 2025 - 4:48PM

Hong Kong stock market

Hong Kong stocks advance as investors look for signs of easing global tensions

23 Oct 2025 - 4:33PM

Made in China 2025

China’s oil sector breaks new ground with export of suction anchors to Brazil

14 Jul 2025 - 7:30PMvideocam

Hong Kong stock market

Hong Kong stocks fall on rising geopolitical tensions

Israel launches air strikes targeting both nuclear and military sites and officials leading Iran’s nuclear programme.

13 Jun 2025 - 4:43PM

A man passes a foreign exchange shop in Hong Kong. Photo: Reuters

Stocks

Tencent tops Chinese mutual funds’ holdings as Hong Kong stocks gain traction

Some 1,200 mainland Chinese mutual funds held a combined 151 million Tencent shares worth US$9.5 billion at the end of the first quarter.

23 Apr 2025 - 5:00PM

China-Africa relations

As Chinese gas investments in Africa take off, oil imports sink

While China’s oil trade in Africa has dropped over recent years, there is another fuel that investors cannot get enough of.

15 Mar 2025 - 10:00PMvideocam

China economy

Opinion | The problem with China’s oil habit is not supply but demand

Drilling for deep-sea, offshore oil entails high costs and fracking carries unique challenges. Ultimately, China must drastically cut oil use.

28 Jul 2024 - 10:47AMvideocam

China’s largest self-operated offshore oilfield, Suizhong 36-1, has become its first offshore oilfield to produce over 100 million tonnes of crude oil, operator CNOOC said last month. The oilfield in Bohai Bay boasts a daily production of over 8,900 tonnes. Photo: CNOOC

China energy security

Opinion | The problem with China’s oil habit is not supply but demand

Drilling for deep-sea, offshore oil entails high costs, and fracking carries unique challenges. Ultimately, China must drastically cut oil use.

25 Jul 2024 - 1:00PM

Commodities

China’s oil refiners are slowing down after decades of growth

A prolonged property crisis has weighed on China’s economy this year, while the steady uptake of new-energy vehicles and trucks powered by gas are flashing bearish signs for future oil demand.

14 Jun 2024 - 11:45AM

Ukraine war

Opinion | Welcome thaw in Arctic relations but Russia’s shadow looms large

After two years of frosty relations and a stalled LNG project in the wake of Russia’s invasion of Ukraine, there is sign of a thaw amid pressing climate concerns: Arctic Council working group meetings are resuming virtually.

17 Mar 2024 - 10:07AM

Large Icebergs float away as the sun rises near Kulusuk, Greenland in August 2019. Norway took over the Arctic Council’s rotating presidency on May 11, 2023 amid concerns that the work of the council on protecting the sensitive environment is at risk due to the suspension of cooperation with Moscow. Photo: AP

Corruption in China

‘Voice of China’ echoes Xi’s call to double down against corruption

China Media Group chief says the state broadcaster will spread Xi’s message about the crackdown to audiences at home and abroad.

16 Mar 2024 - 8:00PMvideocam

China Media Group will spread Xi Jinping’s anti-corruption message at home and abroad, according to its chief. Photo: Reuters

Vietnam

Hanoi’s low-key approach may be central to muted confrontations with Beijing

Vietnam also has the ability to isolate maritime issues from bilateral ones, analysts say, ensuring fewer confrontations with China compared to the Philippines.

4 Feb 2024 - 9:35AMvideocam

China-Africa relations

Uganda to start building oil pipeline with pipes from China, as opposition mounts

First 100km of line pipes for the massive cross-border EACOP project have arrived in the port of Dar es Salaam in Tanzania. Environmental and rights groups say pristine ecosystems, biodiversity hotspots, water resources and community land are under threat.

31 Dec 2023 - 4:01PMvideocam

China energy security

Chinese oil giant CNOOC looks underground to store fuel reserves

Company has started building below-ground facility in Ningbo that promises to be cheaper to construct and operate.

10 Dec 2023 - 11:00PM

China starts construction of its largest commercial crude stockpiling facility in Ningbo, east China’s Zhejiang province. Photo: CNOOC

China-Africa relations

China targeted by climate activists over contentious East Africa oil pipeline

Environmentalists protest against Chinese backing of the East African Crude Oil Pipeline, which Western lenders backed out of.

22 Nov 2023 - 5:21PMvideocam

Protesters in Africa and abroad have been turning up the heat on a massive pipeline project that Chinese lenders are considering funding. Climate activists have said the pipeline would have disastrous social and environmental impacts. Photo: X/@aifeuganda

SCMP’s 120th anniversary

Hong Kong through the eyes of SCMP’s business, tech reporters

With more than a century of experience between them, the stories of the Post’s veteran journalists recount Hong Kong’s transformation in real estate, finance, ESG and technology.

8 Nov 2023 - 4:12PM

Ukraine war

Ukraine puts China’s three biggest oil producers on a ‘sponsors of war’ list

CNOOC Group, Sinopec Group and CNPC were added to the Ukrainian government’s register, which Kyiv claims is used by banks and insurance companies for risk assessments.

4 Oct 2023 - 1:52AM

Science

Chinese underwater explorer dives deep in hunt for oil and gas

Home-grown Haijing system seeks out offshore oil reserves and can detect ocean earthquakes, state broadcaster says.

2 Oct 2023 - 5:29PMvideocam

China’s geophysical exploration ship Haiyang Shiyou 720, or Offshore Oil 720, towed long cables to collect undersea data. Photo: Handout

China-Africa relations

Chinese lenders step in to back crude oil pipeline in Uganda

Several major Western banks have pulled out of investing in the project due to pressure from environmental groups.

23 Sep 2023 - 8:00PMvideocam

Hong Kong company reporting season

Sinopec’s interim profit falls as economic woes crimp oil demand

Domestic sales of refined oil products at Sinopec rose 18 per cent in the first six months from the previous year, when residents in megacities were completely locked down for months on end

27 Aug 2023 - 6:44PM

Africa

China-backed 900-mile oil pipeline in Africa creates climate dilemma

Debate is raging in Africa over creating jobs and boosting government revenues while destroying ecosystems and increasing emissions. The oil will be exported, often to nations limiting their own fossil fuel production.

6 Jun 2023 - 3:36AMvideocam

The East African Crude Oil Pipeline (EACOP) project. Photo: Handout

Business of climate change

CNOOC commissions China’s first offshore CCS project

China, the world’s largest greenhouse gas emitter, attaches great importance to the country’s CCS development to support its goals of peaking carbon emissions by 2030.

1 Jun 2023 - 8:00PM

CNOOC has commissioned what it calls the country’s first offshore carbon capture and storage (CCS) demonstration project. Photo: Xinhua

China-Africa relations

China digs in on divisive African pipeline as Western lenders pull out

The US$5 billion project, which is strongly opposed by environmental and human rights groups, is now highly dependent on Beijing.

21 May 2023 - 10:00PMvideocam

US-China relations

Editorial | Yuan’s rise will make only a small dent in might of US dollar

The Chinese currency will not be supplanting the greenback any time soon but given the significance of China as the major trading partner to a majority of countries around the world, the yuan, despite its many limitations, will be increasingly important in bilateral trade.

10 Apr 2023 - 5:00AM

My Take

My Take | End of dollar dominance will also spell demise of US hegemony

The financial future of the world is not that the yuan is likely to become the dominant global currency, but that the US is doing its best, or worst, to debase and dethrone the almighty dollar.

4 Apr 2023 - 9:00PM

Yuan

As ‘de-dollarisation reflects cracks’ in US dominance, yuan makes inroads

An increase in yuan settlements with the largest South American country shows how Beijing is trying to prevent China from being financially strangled amid US decoupling.

4 Apr 2023 - 11:02AMvideocam

Beijing has set out to reduce its exposure to dollar assets and prevent China from being financially strangled by Washington. Photo: Reuters

South China Sea

South China Sea: risk of flashpoints ‘high’ as energy projects expand

Every claimant except the Philippines is moving forward with oil and gas projects in the disputed waters, according to a new US report.

9 Mar 2023 - 9:13PMvideocam

China-Africa relations

US attempts to counter rising Chinese and Russian influence in Africa

US Treasury Secretary Janet Yellen and US ambassador to the United Nations Linda Thomas-Greenfield visited Africa in quick succession last month as Washington steps up efforts to counter Chinese and Russian influence on the continent.

5 Feb 2023 - 5:00PMvideocam

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China National Offshore Oil Corporation

(中国海洋石油集团有限公司)

Tech firms lead Hong Kong stock advance with rate cut ‘locked in’

Growing confidence in a US interest-rate cut overcomes concerns about an AI bubble and a contraction in mainland factory activity.

Hong Kong stocks advance as investors look for signs of easing global tensions

China’s oil sector breaks new ground with export of suction anchors to Brazil

Hong Kong stocks fall on rising geopolitical tensions

Israel launches air strikes targeting both nuclear and military sites and officials leading Iran’s nuclear programme.

Tencent tops Chinese mutual funds’ holdings as Hong Kong stocks gain traction

Some 1,200 mainland Chinese mutual funds held a combined 151 million Tencent shares worth US$9.5 billion at the end of the first quarter.

As Chinese gas investments in Africa take off, oil imports sink

While China’s oil trade in Africa has dropped over recent years, there is another fuel that investors cannot get enough of.

.css-1m2rp1p{color:#34b8b5;}Opinion | The problem with China’s oil habit is not supply but demand

Drilling for deep-sea, offshore oil entails high costs and fracking carries unique challenges. Ultimately, China must drastically cut oil use.

Opinion | The problem with China’s oil habit is not supply but demand

Drilling for deep-sea, offshore oil entails high costs, and fracking carries unique challenges. Ultimately, China must drastically cut oil use.

China’s oil refiners are slowing down after decades of growth

A prolonged property crisis has weighed on China’s economy this year, while the steady uptake of new-energy vehicles and trucks powered by gas are flashing bearish signs for future oil demand.

Opinion | Welcome thaw in Arctic relations but Russia’s shadow looms large

After two years of frosty relations and a stalled LNG project in the wake of Russia’s invasion of Ukraine, there is sign of a thaw amid pressing climate concerns: Arctic Council working group meetings are resuming virtually.

‘Voice of China’ echoes Xi’s call to double down against corruption

China Media Group chief says the state broadcaster will spread Xi’s message about the crackdown to audiences at home and abroad.

Hanoi’s low-key approach may be central to muted confrontations with Beijing

Vietnam also has the ability to isolate maritime issues from bilateral ones, analysts say, ensuring fewer confrontations with China compared to the Philippines.

Uganda to start building oil pipeline with pipes from China, as opposition mounts

First 100km of line pipes for the massive cross-border EACOP project have arrived in the port of Dar es Salaam in Tanzania. Environmental and rights groups say pristine ecosystems, biodiversity hotspots, water resources and community land are under threat.

Chinese oil giant CNOOC looks underground to store fuel reserves

Company has started building below-ground facility in Ningbo that promises to be cheaper to construct and operate.

China targeted by climate activists over contentious East Africa oil pipeline

Environmentalists protest against Chinese backing of the East African Crude Oil Pipeline, which Western lenders backed out of.

Hong Kong through the eyes of SCMP’s business, tech reporters

With more than a century of experience between them, the stories of the Post’s veteran journalists recount Hong Kong’s transformation in real estate, finance, ESG and technology.

Ukraine puts China’s three biggest oil producers on a ‘sponsors of war’ list

CNOOC Group, Sinopec Group and CNPC were added to the Ukrainian government’s register, which Kyiv claims is used by banks and insurance companies for risk assessments.

Chinese underwater explorer dives deep in hunt for oil and gas

Home-grown Haijing system seeks out offshore oil reserves and can detect ocean earthquakes, state broadcaster says.

Chinese lenders step in to back crude oil pipeline in Uganda

Several major Western banks have pulled out of investing in the project due to pressure from environmental groups.

Sinopec’s interim profit falls as economic woes crimp oil demand

Domestic sales of refined oil products at Sinopec rose 18 per cent in the first six months from the previous year, when residents in megacities were completely locked down for months on end

China-backed 900-mile oil pipeline in Africa creates climate dilemma

Debate is raging in Africa over creating jobs and boosting government revenues while destroying ecosystems and increasing emissions. The oil will be exported, often to nations limiting their own fossil fuel production.

CNOOC commissions China’s first offshore CCS project

China, the world’s largest greenhouse gas emitter, attaches great importance to the country’s CCS development to support its goals of peaking carbon emissions by 2030.

China digs in on divisive African pipeline as Western lenders pull out

The US$5 billion project, which is strongly opposed by environmental and human rights groups, is now highly dependent on Beijing.

Editorial | Yuan’s rise will make only a small dent in might of US dollar

The Chinese currency will not be supplanting the greenback any time soon but given the significance of China as the major trading partner to a majority of countries around the world, the yuan, despite its many limitations, will be increasingly important in bilateral trade.

My Take | End of dollar dominance will also spell demise of US hegemony

The financial future of the world is not that the yuan is likely to become the dominant global currency, but that the US is doing its best, or worst, to debase and dethrone the almighty dollar.

As ‘de-dollarisation reflects cracks’ in US dominance, yuan makes inroads

An increase in yuan settlements with the largest South American country shows how Beijing is trying to prevent China from being financially strangled amid US decoupling.

South China Sea: risk of flashpoints ‘high’ as energy projects expand

Every claimant except the Philippines is moving forward with oil and gas projects in the disputed waters, according to a new US report.

US attempts to counter rising Chinese and Russian influence in Africa

US Treasury Secretary Janet Yellen and US ambassador to the United Nations Linda Thomas-Greenfield visited Africa in quick succession last month as Washington steps up efforts to counter Chinese and Russian influence on the continent.

Opinion | The problem with China’s oil habit is not supply but demand