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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

A general view of Exchange Square in Central, Hong Kong. Photo: Jelly Tse

Hong Kong stock market

Hong Kong stocks advance as tech sector lifts sentiment amid prolonged conflict

Hang Seng Index climbs, driven by tech firms, helping investors look past prolonged Middle East hostilities.

16 Mar 2026 - 4:36PM

Hong Kong stock market

Hong Kong stocks fall further as US and Iran dig in heels amid escalating war

13 Mar 2026 - 5:02PM

China’s private sector

From oil to saffron: how US-Iran conflict is rattling Chinese retail investors

8 Mar 2026 - 8:27PM

Hong Kong stock market

Oil surge stokes inflation fears as Middle East flashpoint rattles markets

Rising oil prices are shaking global markets as investors rethink rate-cut bets and brace for slower growth and renewed inflation.

4 Mar 2026 - 5:11PM

The spike in energy costs has revived fears of a renewed bout of inflation, raising the risk of slower global growth. Photo: AFP

Corruption in China

China’s war on corruption – is this just the end of the beginning?

More ‘tigers’ are being culled than ever before in a campaign that could be becoming the new normal.

4 Mar 2026 - 6:05AMvideocam

Hong Kong stock market

Hong Kong stocks gain by most in nearly a month on China export optimism

‘China and Hong Kong are the biggest beneficiaries’ of US court decision on tariffs, Goldman Sachs strategists and economists say.

23 Feb 2026 - 4:47PM

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

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

China-EU relations

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

China has engaged with Greenland in areas ranging from oil and minerals to tourism. But its footprint is far smaller than Trump claims.

7 Jan 2026 - 11:12PMvideocam

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

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

An offshore oil and gas platform operated by the China National Offshore Oil Corporation (CNOOC) in the South China Sea. CNOOC is also the producer of the deepwater suction anchors recently delivered to Brazil. Photo: Xinhua

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

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

Chinese LNG investments in Africa are taking off as the country tries to reduce its reliance on Australian natural gas. Photo: Reuters/Stringer

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

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

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 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

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

Sinopec technicians check equipment at a gas gathering and transmission station in Chongqing, China. The company is one of three Chinese oil and gas firms sanctioned by the Ukraine government for dealing with Russia. Photo: Xinhua

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

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China National Offshore Oil Corporation

(中国海洋石油集团有限公司)

Hong Kong stocks advance as tech sector lifts sentiment amid prolonged conflict

Hang Seng Index climbs, driven by tech firms, helping investors look past prolonged Middle East hostilities.

Hong Kong stocks fall further as US and Iran dig in heels amid escalating war

From oil to saffron: how US-Iran conflict is rattling Chinese retail investors

Oil surge stokes inflation fears as Middle East flashpoint rattles markets

Rising oil prices are shaking global markets as investors rethink rate-cut bets and brace for slower growth and renewed inflation.

China’s war on corruption – is this just the end of the beginning?

More ‘tigers’ are being culled than ever before in a campaign that could be becoming the new normal.

Hong Kong stocks gain by most in nearly a month on China export optimism

‘China and Hong Kong are the biggest beneficiaries’ of US court decision on tariffs, Goldman Sachs strategists and economists say.

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-19im5qg{color:#c79a00;}Explainer | Trump says Greenland is ‘surrounded’ by Chinese ships. What’s the real story?

China has engaged with Greenland in areas ranging from oil and minerals to tourism. But its footprint is far smaller than Trump claims.

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

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-1pcrwvc{color:#2aa191;}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

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