Tag Archives: China National Offshore Oil Corporation (CNOOC)

CNOOC Denies Plans for $3 Billion UK North Sea Exit

CNOOC has brushed aside recent media reports that the firm is considering withdrawing from oilfield investments in the UK North Sea, the US and Canada. The Nikkei Asia financial publication said the Chinese national oil firm is not, contrary to reports, seeking to diminish its vulnerability to Western-led sanctions targeting …

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