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The Latest Breaking News from CNOOC

Exxon's Block Fails—Chevron Seals $53 Billion Hess Deal After Ruling

In a pivotal moment for the energy sector, Chevron Corporation‘s (NYSE:CVX) has won a dispute with Exxon Mobil Corporation (NYSE:XOM) over Hess Corp’s (NYSE:HESS) offshore oil assets in Guyana.

Benzinga

Chevron-Hess Arbitration Nears Verdict As Analyst Sees Limited Downside, Big Upside Potential

After nearly two years of uncertainty and legal wrangling, a resolution may be imminent in Chevron Corporation’s (NYSE:CVX) highly anticipated acquisition of Hess Corporation (NYSE:HES).

Benzinga

TotalEnergies accused of abuses linked to €10bn East African oil pipeline

Rights groups have accused France's TotalEnergies and Chinese oil company CNOOC of human rights violations and environmental damage linked to a €10 billion oil project in Uganda and Tanzania.

Radio France Internationale

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US rights watchdog cites "a climate of fear" in Uganda oil development project

Oil activities on the shores of Uganda’s Lake Albert have triggered widespread suffering among locals facing forced displacement and other violent abuses, a U.S. climate watchdog said Monday

The Independent UK

NGO Reports 'Human Rights Disaster' At Uganda Oil Project

A massive oil project in Uganda co-owned by French group TotalEnergies and China's CNOOC is mired in reports of sexual violence, forced evictions and environmental damage, climate activists said Monday.

International Business Times

Exxon Mobil And Chevron Diverge With Q2 Earnings. Exxon Scores First Profit Increase In 4 Quarters.

Investors will have to wait until 2025 to see the result of the ongoing Guyana saga.

Investors Business Daily

Four Ex-CNOOC Executives Stung in Graft Crackdown

The quartet, including ex-deputy general managers and department heads, are under investigation for ‘suspected serious violations of discipline and law’

Caixin Global

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Two Ex-Executives of CNOOC Fall Amid Anti-Graft Storm

Two more industry veterans face probe as authorities target corruption in sprawling state-owned sector

Caixin Global

Shanghai Composite Index Rose 0.99% on Monday

Shenzhen Component Index closed up 1.46%

Caixin Global

CNOOC Discovers 100 Million Ton Oilfield In South China Sea

CNOOC's oilfield discovery in the South China Sea enhances China's energy security and production capacity, reducing reliance on foreign oil imports.

Top News

Uganda will soon be exporting oil: an energy economist outlines 3 keys to success

Uganda entered into agreements in 2012 with two foreign oil entities to exploit its oil resources. Total Energies holds 56.67% of the joint venture partnership and China National Oil Offshore Company (CNOOC) has 28.33%. Through Uganda National Oil Company, the government owns the remaining 15%.

The Conversation

Chevron, Exxon Responses Diverge Amid Venezuela-Guyana Border Buildup

ExxonMobil and Chevron are both waiting to see what happens next for Guyana, as a dizzying set of competing incentives come into play.

International Business Times

French court to rule on TotalEnergies' east Africa projects

A Paris court is set to rule on a case pitting French and Ugandan environmentalist groups against oil giant TotalEnergies regarding a major oil field and pipeline projects in east Africa

The Independent UK

Uganda begins oil drilling, hopes for production by 2025

Oil drilling has begun in a Chinese-operated field in Uganda and the East African country expects to start production by 2025

The Independent UK

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Benzinga

Which Chinese Firms Face Delisting From US Stock Exchanges?

Geopolitical tensions between China and the US have escalated in recent years amid efforts by both countries to become the world’s economic powerhouse.

Caixin Global

CNOOC Kicks Off Subscription for $5.1 Billion Shanghai IPO

State oil giant selling more than 5% of its equity plans to use proceeds for global project development including fields in Guangdong and Guyana

Caixin Global

State Oil Giant CNOOC Cleared for $5.5 Billion Share Sale in Shanghai

China’s biggest offshore driller posts record 2021 earnings as profits jump 182% on rising output and soaring world oil prices

Radio France Internationale

France's Total and China's CNOOC to extract Uganda's Lake Albert oil reserves

French and Chinese oil companies signed a ten-billion-dollar deal on Tuesday to develop oil resources under Lake Albert in Uganda and build a pipeline to bring the oil though Tanzania. The plan is being criticised by environmental groups, who warn the pipeline will be devastating for wildlife and people along…

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