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In June 2005, a CNOOC Group company (NYSE and Hong Kong-listed public company CNOOC limited) made an $18.5 billion cash offer for American oil company Unocal Corporation, topping an earlier bid by ChevronTexaco. [7] Unocal's oil interests in Central Asia were considered a strategic fit for the company. On July 20, 2005, Unocal announced that it ...
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CNOOC Limited (中国海洋石油有限公司) is China's largest producer of offshore crude oil and natural gas, noted as such in 2010. [3] It is a major subsidiary of China National Offshore Oil Corporation (CNOOC) and has been listed in Hong Kong SEHK: 883 since February 2001.
COSL claims a 95% share of China's market for offshore drilling services, 70% of the marine support and transportation market, 60% of the well survey services market and more than 50% of the seismic data collection market. Globally, about 15% of oil companies' capital expenditure goes to exploration, 35% to field development and 50% to production.
In a sign of the pickup in offshore equity sale momentum, two tech companies raised $500 million in total this week alone, and bankers and lawyers said a growing list of firms is preparing to ...
Such projects could shield China from oil price volatility, as it is the world's largest importer of crude oil. In 2023, its imports reached 11.3 million barrels per day, growing over 10% compared ...
The headquarters of the electric utility company State Grid in Beijing. It was China's largest and the world's third-largest company by revenue in 2021, with annual revenues of over US$460 billion. [1] The Industrial and Commercial Bank of China was both China and the world's largest company by assets in 2021, with over US$5.5 trillion in total ...
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