Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

CNOOC Q1 oil, gas revenues up 13.3%


Post Date: 28 Apr 2013    Viewed: 380

CNOOC Ltd, the country's largest offshore oil producer, said Friday its revenues from oil and gas sales rose 13.3 percent year-on-year due to increased output in the first quarter of 2013.


The revenues, which have yet to be audited, reached 55.31 billion yuan ($8.89 billion) in the first quarter, the company said in a statement. The growth was much faster than the annual rise of 2.9 percent in 2012.


Net output of oil and gas jumped 17.3 percent year on year to 93.6 million barrels in the first quarter, compared with the annual 3.2-percent gain in 2012.


The company, listed in New York and Hong Kong, attributed the higher output to its acquisition of Canadian energy firm Nexen Inc and production from new oil fields and overseas projects.


CNOOC completed the deal to acquire Nexen in February, paying about $15.1 billion for all of the firm's common and preferred shares in the biggest ever overseas takeover made by a Chinese company.


Nexen runs oil sands and shale gas projects in western Canada. It also conducts conventional exploration and development operations, primarily in the British North Sea, off the shores of West Africa and in the Gulf of Mexico.


In the first quarter, CNOOC discovered four new oil fields in Chinese waters, according to the statement.


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0205 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2