Related Articles
China's Liaoning aircraft carrier and accompanying fleet conducts a drill in the South China Sea
Forward article link
Share PDF with colleagues

Cnooc looks to South China Sea

The NOC’s delisting from the NYSE may only serve to embolden its South China Sea drilling despite lingering controversy surrounding projects in the region

The change in occupancy at the White House has not eased Sino-US relations. The New York stock exchange (NYSE) confirmed in late February that it had begun the process of delisting Chinese state-controlled producer Cnooc in line with a Biden Treasury Department endorsement in late January of a November executive order by then US president Donald Trump. President Joe Biden seems largely content to follow the tough line taken by his predecessor. In a parting shot in January, Trump’s commerce secretary Wilbur Ross accused Cnooc of being a “bully for the People's Liberation Army to intimidate China’s neighbours”. $15.5bn E&P spend this year Cnooc’s leaders have sought to dial down



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Sonangol exits Trafigura’s Puma
20 April 2021
The NOC will sell its stake in Puma Energy in return for the firm’s Angolan assets
European power trading innovation: Data begets more data
20 April 2021
Historic and real-time fundamentals are not the only information show in town, says software provider Kyos
Gabon’s E&P sector stays active
20 April 2021
The west African nation continues to attract upstream investment despite the global contraction in activity
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video