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

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Iraq renews gas drive
8 May 2021
Baghdad turns again to China to develop its second largest gasfield
European power trading innovation: Old dogs learn new tricks
7 May 2021
The founders of Energy Quantified by Montel have built analysis models before. But this time they have torn up the rulebook
Restrained US shale set for cashflow pay-off
7 May 2021
Rebounding oil prices have boosted company balance sheets, but debt remains the priority over growth
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video