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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

Yao Qian’s corruption case featured in a documentary broadcast on state television. Photo: Capco

China’s Communist Party

How Chinese corruption busters are tracking down bribes paid in cryptocurrency

A documentary on state television highlights how a senior central bank official was bribed with a digital currency.

15 Jan 2026 - 8:34PMvideocam

China-EU relations

Explainer | Trump says Greenland is ‘surrounded’ by Chinese ships. What’s the real story?

7 Jan 2026 - 11:12PMvideocam

Hong Kong stock market

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

1 Dec 2025 - 4:48PM

Hong Kong stock market

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

Traders watch closely if ‘scheduled’ talks between Xi and Trump next week could help stabilise markets rattled by geopolitical risks.

23 Oct 2025 - 4:33PM

Hong Kong stocks gain 0.7 per cent after falling by 0.4 per cent earlier on Thursday. Photo: Shutterstock

Made in China 2025

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

The suction caissons – developed under the Made in China 2025 project – will be used to secure deep-sea oil platforms in 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

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

Tencent was Chinese mutual funds’ top stock holding in the first quarter, according to data from TX Investment Consulting. Photo: Reuters

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 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

China National Offshore Oil Corporation’s oil refinery in Huizhou in southern China’s Guangdong province on July 28, 2009. Photo: Reuters

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

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

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

Chinese President Xi Jinping shakes hands with General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong in Hanoi. Photo: Xinhua

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

Environmental activists protest over the East African Crude Oil Pipeline at the TotalEnergies office in Brussels last month. The oil company has a 62 per cent interest in the pipeline. Photo: EPA-EFE

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-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

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

Staff group photo at the SCMP editorial office in Times Square, Causeway Bay. Photo: May Tse

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-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

The East African Crude Oil Pipeline (EACOP) has seen Western banks pull out of financing the project over environmental concerns. Photo: Handout

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

Models displayed at the booth of Chinese oil company Sinopec during the China International Fair for Trade in Services (CIFTIS) in Beijing on September 1, 2022. Photo: Reuters

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

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

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

The East African Crude Oil Pipeline has faced repeated delays and is a lightning rod for environmental and human rights activists. Photo: Handout

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

Banknotes of the Chinese yuan and the US dollar. Photo: Reuters

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

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China National Offshore Oil Corporation

(中国海洋石油集团有限公司)

How Chinese corruption busters are tracking down bribes paid in cryptocurrency

A documentary on state television highlights how a senior central bank official was bribed with a digital currency.

.css-sioo19{color:#c79a00;}Explainer | Trump says Greenland is ‘surrounded’ by Chinese ships. What’s the real story?

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

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

Traders watch closely if ‘scheduled’ talks between Xi and Trump next week could help stabilise markets rattled by geopolitical risks.

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

The suction caissons – developed under the Made in China 2025 project – will be used to secure deep-sea oil platforms in 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.

Explainer | Trump says Greenland is ‘surrounded’ by Chinese ships. What’s the real story?

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