Royal Dutch Shell Plc .com Rotating Header Image

Cnooc

Shell signs global strategic alliance agreement with CNOOC

Jun 17th, 2014
by John Donovan.
No comments yet

Screen Shot 2014-02-10 at 16.29.29(Reuters) – Royal Dutch Shell: Tuesday, 17 June 2014

* Shell and CNOOC sign global strategic alliance agreement

* Shell and China National Offshore Oil Corporation (cnooc) announced today that they have signed a global strategic alliance agreement

* Under agreement, companies also commit to exploring potential cooperation opportunities in upstream, midstream and downstream

* Agreement was signed by Royal Dutch Shell Chairman Jorma Ollila and CNOOC Chairman Wang Yilin

* Committed to growing business together with CNOOC and other Chinese partners and cooperating with them internationally to bring more and cleaner energy to china – CEO read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

BP And Shell Land China Deals

Jun 16th, 2014
by John Donovan.
No comments yet

Screen Shot 2014-01-30 at 00.47.49Extracts from an article by Sky News City Editor Mark Kleinman published 16 June 2014 under the headline: “BP And Shell Land China Deals As Premier Visits” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Shell Signs Deal With China’s State Oil Producers to Get Access

Jul 25th, 2012
by John Donovan.
No comments yet

By Brian Swint – Jul 25, 2012 12:18 PM GMT+0100

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, expanded cooperation with China’s state- backed producers, giving it more access to reserves in the world’s second-largest economy.

The London-based company signed two offshore production- sharing contracts with Cnooc Ltd. (883) for the Yinggehai basin and amended a production sharing agreeement with China National Petroleum Corp. to allow the development of tight gas reserves, Shell said in a statement today. It also agreed to explore blocks off Gabon with Cnooc. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Shell ups China presence with CNOOC tie-up

Jul 25th, 2012
by John Donovan.
No comments yet

LONDON | Wed Jul 25, 2012 8:48am EDT

(Reuters) – Oil major Shell (RDSa.L) sealed an exploration tie-up with China’s state-run oil firm CNOOC (0883.HK) on Wednesday in a move which will help secure longer term growth from projects in the world’s energy-hungry second largest economy.

Shell said it agreed two partnership deals with CNOOC, one to explore for oil and gas in the Yinggehai basin in the South China Sea, and one to look for hydrocarbons off the coast of Gabon.

Shell already operates a gas field in central China, in the Changbei block, and said it would seek to increase production on that block through a separate amended agreement with state-run CNPC, where it is partnered with CNPC’s listed arm PetroChina (0857.HK). read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Cnooc’s Profit Growth to Surpass Exxon, Shell on Output, Prices

Aug 21st, 2008
by John Donovan.
No comments yet

Aug. 21 (Bloomberg) -- Cnooc Ltd.'s first-half profit growth may be double that of Exxon Mobil Corp. and Royal Dutch Shell Plc after China's third-largest oil company increased its crude reserves and output amid record prices.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Cnooc, Other Chinese Oil Companies May Lead Oil Mergers

Aug 23rd, 2005
by John Donovan.
No comments yet

BLOOMBERG: Cnooc, Other Chinese Oil Companies May Lead Oil Mergers

“BG Group Plc, Repsol YPF SA, Woodside Petroleum Ltd. and even Royal Dutch Shell Plc also “could be in the hands of other players…”

Tuesday 23 August 2005

Aug. 23 (Bloomberg) — Cnooc Ltd., Petrochina Co. Ltd. and other Chinese oil companies may be back in the takeover hunt to get access to more reserves to meet demand in the country’s growing economy, a Foresight Research Solutions energy analyst says.

After the sting of Cnooc failing to prevail in the bidding for Unocal Corp., the company and its Chinese rivals are likely to stay away from U.S., Canadian, Australian and European targets, said Bernard Picchi, an energy analyst for Foresight in New York in a note to investors. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

The Australian: Chinese whispers wrong on Woodside

Aug 16th, 2005
by John Donovan.
No comments yet

The Australian: Chinese whispers wrong on Woodside

“CHINA’S third-ranked oil company, the government-owned CNOOC, was not interested in making a takeover offer for Woodside Petroleum, it has told the West Australian Government.”

Tuesday August 16, 2005

Nigel Wilson, Energy writer

CHINA’S third-ranked oil company, the government-owned CNOOC, was not interested in making a takeover offer for Woodside Petroleum, it has told the West Australian Government.

The company’s CEO, Fu Chengyu, dismissed the suggestion at a meeting in Beijing last week with Western Australia’s State Development Minister, Alan Carpenter.

The English-speaking Mr Fu opened the discussion with the senior minister by openly addressing speculation that has helped drive Woodside’s shares hit record highs in recent weeks. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Cnooc Stock Arcs to New High

Aug 15th, 2005
by John Donovan.
No comments yet

THE WALL STREET JOURNAL: Cnooc Stock Arcs to New High

“Four years ago, the Australian government blocked an effort by Shell to take control of Woodside on grounds it wasn’t in the national interest and limited Shell to a 34% stake. Analysts assume a takeover by Cnooc would run into similar obstacles.” Lack of Unocal Strain Cheers Investors, but Old Problems Linger

By MATT POTTINGER
Staff Reporter of THE WALL STREET JOURNAL
August 15, 2005; Page C12

BEIJING — Its attempt to purchase Unocal has failed and its expansion strategy appears stuck.

So why is Cnooc performing so well on the stock market?

The share price of China’s No. 3 oil and natural gas producer touched an all-time high last week, closing Friday at HK$6.05 (78 U.S. cents) on the Hong Kong stock exchange. The stock has been buoyed by soaring crude-oil prices and by the removal of uncertainty surrounding Cnooc’s $18.5 billion bid for Unocal, analysts say. Cnooc withdrew the bid this month amid fierce opposition in the U.S. Congress, paving the way for rival bidder Chevron to acquire the El Segundo, California, oil company. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

The corporate dragons chasing success in the West

Aug 7th, 2005
by John Donovan.
No comments yet

THE INDEPENDENT ON SUNDAY: The corporate dragons chasing success in the West

“Analysts say CNOOC could now make a bid for Royal Dutch Shell’s 34 per cent stake in the Australian company Woodside, but it is likely CNOOC would face similar obstacles from the Australian government to what they came up against in the US over the Unocal deal.”

Sunday 7 August 2005

Unocal might have been ‘saved’ for the American nation and the Chinese predators beaten off, but there are many more companies flexing their financial muscles in order to stake a claim in the global marketplace

By Tim Webb, Ben Schneiders and Clayton Hirst

Until recently, takeovers involving Western and Chinese companies were exclusively one-way traffic: Chinese takeaways by their bigger and richer Western rivals were the order of the day. But the tables are turning. Now, increasingly, Chinese companies, mostly owned – and funded – by the Chinese government, are becoming the predators. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

NEW YORK TIMES: Aggressive Search by Cnooc for New Oil and Gas Seen

Aug 5th, 2005
by John Donovan.
No comments yet

NEW YORK TIMES: Aggressive Search by Cnooc for New Oil and Gas Seen

The Chinese energy company Cnooc is preparing to mount an aggressive international search for oil”

Friday 5 August 2005

By DAVID LAGUE,

International Herald Tribune

Published: August 5, 2005

BEIJING, Aug. 4 – The Chinese energy company Cnooc is preparing to mount an aggressive international search for oil and gas supplies in the aftermath of its failed bid for Unocal, oil industry experts say.

In announcing on Tuesday that it would abandon its $18.5 billion offer, Cnooc, shorthand for the China National Offshore Oil Corporation, signaled that it would continue to work with foreign governments and companies in its search for overseas oil and gas reserves. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

DOW JONES NEWSWIRES: INTERVIEW: Unocal Tensions Not Derailing Gorgon Gas Talks

Jul 14th, 2005
by John Donovan.
No comments yet

DOW JONES NEWSWIRES: INTERVIEW: Unocal Tensions Not Derailing Gorgon Gas Talks

“Estimated to cost at least A$11 billion and produce its first gas in 2010, Gorgon is 50% owned and operated by Chevron. Royal Dutch/Shell Group (RD) and ExxonMobil Corp. (XOM) each own 25% of the venture.”

Thursday 14 July 2005

By Veronica Brooks

Of DOW JONES NEWSWIRES

CANBERRA (Dow Jones)–Negotiations between China National Offshore Oil Corp. and the Chevron Corp. (CVX)-led Gorgon liquefied natural gas project are still alive, Australia’s Industry and Resources Minister Ian Macfarlane said Thursday. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

THE NEW YORK TIMES: A Deft Balance in Orchestrating China’s Oil Offer

Jul 7th, 2005
by John Donovan.
No comments yet

THE NEW YORK TIMES: A Deft Balance in Orchestrating China’s Oil Offer

“Mr. Fu said the withdrawal of Shell and Unocal had no bearing on the decision to buy Unocal.”

Thursday July 7, 2005

He has cultivated a Western image, telling visitors that he prefers coffee to tea for the extra caffeine jolt it gives him and hinting that he thinks like a maverick, not a politically correct steward of one of the country’s influential businesses.

Asked about his relations with Chinese leaders, he jokes that there are few he can talk to.

“I don’t think there’s anybody in the government who understands our business,” he said.

Yet whether or not they understand, there are signs that they care. Cnooc has followed a path set by the Politburo and repeated by President Hu as recently as last week, when he told a Politburo session on energy, “We must enthusiastically push ahead with international cooperation to develop energy resources and fully make use of international markets.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Bid Puts New Focus on China’s Oils

Jun 27th, 2005
by John Donovan.
No comments yet

BARRON’SOnline: Bid Puts New Focus on China’s Oils

Monday 27 June 2005

By LESLIE P. NORTON

Emerging Markets

EVER SINCE ITS INITIAL public offering in 2001, China National Offshore Oil Corp., or Cnooc (ticker: CEO), has traded at a premium to the better- known PetroChina (PTR), notwithstanding billionaire Warren Buffett’s stake in the latter.

Growth prospects for Cnooc, which explores offshore for oil and gas, were perceived as superior. PetroChina was saddled with mature fields and difficult-to-extract reserves, as well as thousands of gas stations subject to price controls. The other Chinese oil stock, downstream play Sinopec (SNP), historically has traded at a discount to both. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Planet Ark: Shell in talks with China on Sakhalin gas deal

Aug 30th, 2004
by John Donovan.
No comments yet

Planet Ark: Shell in talks with China on Sakhalin gas deal

CHINA: August 30, 2004

SHANGHAI – Energy giant Royal Dutch/Shell is keen to sell liquefied natural gas LNG.L from its Sakhalin project to China, as it vies with rivals such as BP to tap the market’s potentially explosive growth.

But the world’s third-biggest oil group RD.AS SHEL.L will first have to overcome pricing issues and a still tiny market for supplies from the island development off eastern Siberia’s coast.

Shell, the biggest private supplier of LNG with sales of more than eight million tonnes per year, is ramping up efforts to tap a gas market expected to boom in coming years as Beijing inches toward cleaner fuels. Rival BP BP.L is hard on its heels. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

CHINA PRESS: China OKs Refinery Project

Jul 24th, 2004
by John Donovan.
No comments yet

The Wall Street Journal: CHINA PRESS: China OKs Refinery Project

Originally proposed as a joint venture with Shell, the approved refinery is to be solely funded by China National Offshore Oil Corp

DOW JONES NEWSWIRES

Posted 24 July 2004

BEIJING — A 16 billion yuan ($1=CNY8.28) refinery proposed by China National Offshore Oil Corp., or CNOOC, has been approved by state authorities, Information Times reports Friday.

The refinery, which will have an annual capacity of 12 million metric tons, will be built near CNOOC and Shell Nanhai Ltd.’s existing petrochemical project at Daya Bay in Guangdong province, the newspaper reported.

Originally proposed as a joint venture with Shell , the approved refinery is to be solely funded by CNOOC, the report said. The proposed site is about 120 kilometers from CNOOC’s Huizhou offshore oil field, it said. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

The Sunday Times: Shell coy over £1bn refinery in China

May 16th, 2004
by John Donovan.
No comments yet

The Sunday Times: Shell coy over £1bn refinery in China

From Carl Mortished in Hong Kong

May 15, 2004

SHELL is talking to CNOOC, a leading Chinese oil company, about building a £1 billion oil refinery in Guangdong province to exploit the region’s demand for fuel.

The refinery would be built next to a vast petrochemical plant that CNOOC and Shell are building at Huizhou in Daya Bay. Costing $4.3 billion (£2.45 billion), the CSPC-Nanhai complex would supply raw chemicals for China’s rapidly expanding plastics and packaging industry.

Shell’s negotiations with CNOOC over a significant energy infrastructure project have emerged as concerns mount about the impact on the price of oil of China’s soaring energy needs.
 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.