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2017-01-20 18:50:00

CHINA'S CNOOC INVESTMENT UP TO 39%

CHINA'S CNOOC INVESTMENT UP TO 39%

FT - China's Cnooc on Thursday set out plans to raise capital spending by up to 39 per cent this year despite an anticipated fall in oil and gas production, as firming oil prices allow it to bring new projects on steam.

The annual forecast by Cnooc's listed unit serves as the first indication of output and investment plans by China's state-controlled oil producers, which also include China National Petroleum Corp or PetroChina and Sinopec. Cnooc's listed arm does not represent all of the output by its state-controlled parent company, but remains a good…

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Tags: CHINA, CNOOC, INVESTMENT, OIL, PRICES
Chronicle:
CHINA'S CNOOC INVESTMENT UP TO 39%
2019, August, 21, 11:55:00
INDONESIA'S COAL EXPORTS UP
Indonesia exported 30.6 million mt of thermal coal in May, up 6% on the month and up 20% on the year, according to latest customs data.
CHINA'S CNOOC INVESTMENT UP TO 39%
2019, August, 19, 11:50:00
OIL PRICE: NEAR $59 YET
Brent was up 55 cents, or about 0.9%, at $59.19 a barrel, WTI were up 57 cents, or 1%, at $55.44 a barrel.
CHINA'S CNOOC INVESTMENT UP TO 39%
2019, August, 19, 11:45:00
WORLD OIL DEMAND WILL UP BY 1.14 MBD
Total oil demand for the year is now anticipated to reach 99.92 mb/d. For 2020, world oil demand is expected to grow by 1.14 mb/d, in line with last month’s projection, with total world consumption anticipated to average 101.05 mb/d.
CHINA'S CNOOC INVESTMENT UP TO 39%
2019, August, 19, 11:40:00
U.S. PETROLEUM DEMAND 20.8 MBD
Total U.S. petroleum demand averaged 20.8 million barrels per day (mb/d) in July 2019, which represented a 0.9% year-over-year increase and the highest demand for the month since 2005,
CHINA'S CNOOC INVESTMENT UP TO 39%
2019, August, 19, 11:35:00
INDIA'S RENEWABLE INVESTMENT: $500-$700 BLN
India will require US$500 – 700 billion in renewable energy and supporting grid investment over the coming decade in order to meet its renewable energy targets
CHINA'S CNOOC INVESTMENT UP TO 39%
2019, August, 19, 11:30:00
NORWAY'S JULY PRODUCTION 1.8 MBD
Preliminary production figures for July 2019 show an average daily production of 1 799 000 barrels of oil, NGL and condensate, which is an increase of 402 000 barrels per day compared to June.
CHINA'S CNOOC INVESTMENT UP TO 39%
2019, August, 19, 11:25:00
U.S. SECURITIES ACQUISITIONS $1.7 BLN
The sum total in June of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $1.7 billion. Of this, net foreign private inflows were $6.1 billion, and net foreign official outflows were $4.5 billion.
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