The move comes amid ongoing challenges for the East African Crude Oil Pipeline (Eacop), which has seen more than $500m (Shs1.8 trillion) injected by shareholders following delays in debt financing.

Expansion of Adnoc’s Lower Zakum and Upper Zakum oilfields is crucial to its plans to boost emirate’s oil production capacity ...

The E&P chief of U.K.’s Ineos says its oily Eagle Ford Shale acquisition in 2023 has been a profitable platform entry for its ...

Chinese stocks have been a money pit for the past few years. But for investors willing to look past the wreckage, some ...

Find insight on Cnooc, Ampol and Santos and more in the latest Market Talks covering energy and utilities.

Crude oil output reached 213 million tons last year, nearing historic peaks, while natural gas production rose to 246.4 ...

CNOOC set a target of raising its net production to over two million barrels of oil equivalent a day in 2025 while keeping ...

In the longer term, CNOOC intends to transform itself into a low-carbon company and the firm plans to invest an additional 5% to 10% of its annual capital expenditure in the new energy sector, such as ...

Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff ...

Chinese state oil and gas company CNOOC has set its 2025 production target at a record high, between 5.6% and 8.3% above 2024 ...

Chinese state oil and gas company CNOOC has lifted its 2025 production target by 5.6-8.3% to a record high versus 2024 output.

The Dongfang 29-1 is expected to achieve peak production of 38 million cubic feet of natural gas per day this year.