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Stock Market & Financial Investment News

News Breaks
July 31, 2014
06:50 EDTCEOCNOOC announces start of Panyu project production
CNOOC announced that its Panyu 10-2/5/8 project has commenced production. This project includes 3 oilfields, Panyu 10-2, Panyu 10-5 and Panyu 10-8 and was designed to share some facilities of Panyu 4-2 oilfield. The main newly-built production facilities include 1 wellhead platform and 9 producing wells. Currently there are 4 wells producing approximately 9K barrels per day, and the project is expected to hit its peak production of approximately 13K barrels per day in 2015. Panyu 10-2/5/8 is an independent project in which the company holds 100% interest.
News For CEO From The Last 14 Days
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October 24, 2014
05:42 EDTCEOCNOOC announces new discovery Jinzhou 23-2 in Bohai
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October 23, 2014
06:44 EDTCEOChina to raise energy resource tax, Xinhua reports
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October 22, 2014
05:42 EDTCEOShell announces Gabon deep-water gas discovery
Shell (RDS.A, RDS.B)announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-salt reservoir. Leopard-1 is located around 145 kilometres off the Gabonese coast, west of Gamba. It was drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell and partners are planning to undertake an appraisal programme to further determine the resource volumes. Leopard-1 was drilled in license BCD10, operated by Shell. Second partner in the venture is CNOOC (CEO). This frontier discovery follows recent deep water exploration successes in the heartlands for Shell Exploration in the Gulf of Mexico and Malaysia.
October 13, 2014
05:35 EDTCEOCNOOC reports Enping 24-2 oilfield commences production
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