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Stock Market & Financial Investment News

News Breaks
October 26, 2012
07:24 EDTSHI, CEO, PTRChina’s shale gas blocks draw record bidding, FT reports
Chinese energy companies, including many smaller, privately owned ones, are piling into shale gas exploration projects and the latest bidding round for China’s shale gas blocks drew a record number of bidders, reported Financial Times. Reference Link
News For CEO;SHI;PTR From The Last 14 Days
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August 27, 2015
10:00 EDTCEOOn The Fly: Analyst Upgrade Summary
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08:09 EDTCEOCNOOC upgraded to Outperform from Neutral at Credit Suisse
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August 25, 2015
09:36 EDTCEOCNOOC upgraded to Buy from Hold at Societe Generale
07:44 EDTPTRPetroChina volatility elevated as oil trades at 6-year low, China cuts interest
PetroChina September call option implied volatility is at 48, October is at 41; compared to its 52-week range of 20 to 44, suggesting large near term price movement.
August 19, 2015
05:34 EDTCEOCNOOC signs PSCs with ROC
CNOOC Limited announced that its parent company, China National Offshore Oil Corporation, has signed two production sharing contracts with Roc Oil Company for Blocks 16/07 and 03/33 in the South China Sea. The two blocks mentioned above are located in the Pearl River Mouth Basin in the South China Sea. Block 16/07 covers a total area of 2,743 square kilometers and has a water depth of approximately 100 meters. Block 03/33 covers a total area of 2,367 square kilometers and has a water depth of 65-145 meters. According to the terms of the PSCs, ROC shall act as the operator during the exploration period and conduct exploration activities in the two blocks mentioned above, in which all expenditures incurred will be borne by ROC. Once entering the development phase, CNOOC has the right to participate in up to 51% of the working interest in any commercial discoveries of the blocks. After signing the above-mentioned PSCs, CNOOC will assign all of its rights and obligations under such contracts, except for those relating to CNOOC's administrative functions to CNOOC China Limited, a subsidiary of CNOOC Limited.

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