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Cnooc to Start Offshore Fields, Shale Gas to Expand Reserves

Bloomberg -- Cnooc Ltd. (883), China’s biggest offshore energy producer, plans to develop new fields, acquire overseas assets and develop unconventional resources such as shale gas to meet output targets.

The energy explorer will start four blocks off the Chinese coast this year, Cnooc said, after posting second-half profit that beat analysts’ estimates. It is also “determined” to learn shale-gas technology from its partners and deploy it in China, holder of the world’s largest deposits of the fuel, Chairman Wang Yilin told reporters yesterday.


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Submitted Mar 30, 2012 By: Mudsprings
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Cnooc to Start Offshore Fields, Shale Gas to Expand Reserves Back to Topics
REPLIES (newest first) Post a Reply
puinsai808
Champion Author Honolulu

Posts:6,774
Points:1,500,235
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Message Posted: Mar 31, 2012 12:32:33 PM

Nobama needs to learn from the Chinese and their energy policy. Drill, drill, drill.
Ahking
Champion Author Orange County

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Message Posted: Mar 31, 2012 12:11:28 AM

Do we want the Chinese style or American style government here?
ExplorerWA
Champion Author Washington

Posts:6,053
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Message Posted: Mar 30, 2012 9:09:52 PM

Well, they don't have an administration that has no real energy policy and do not like fossil fuels..
judgemobile
Champion Author Ohio

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Message Posted: Mar 30, 2012 5:41:15 PM

at least Chinese leadership does something for Chinese people, unlike USA leadership, who are in it mostly for themselves.
puinsai808
Champion Author Honolulu

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Message Posted: Mar 30, 2012 9:15:02 AM

Ditto min_fuel. The Chinese have an energy policy unlike Nobama.
min_fuel
Champion Author Philadelphia

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Message Posted: Mar 30, 2012 7:24:29 AM

Chinese do not screw around when it comes to energy.
silverfoxv65
Champion Author Michigan

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Message Posted: Mar 30, 2012 3:48:21 AM

wonder what will happen next.
hubcapLA
Champion Author Louisiana

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Message Posted: Mar 30, 2012 2:12:43 AM

Don't trust the Chinese any more than I trust the lier!
MN1
Champion Author Twin Cities

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Message Posted: Mar 30, 2012 2:07:33 AM

Don't trust China.
BigZ1959
Champion Author Cincinnati

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Message Posted: Mar 30, 2012 1:41:21 AM

Down
humblepie
Champion Author Toledo

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Message Posted: Mar 30, 2012 1:33:07 AM

maybe they could drill in the great lakes or sf bay
leemun
Champion Author Utah

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Message Posted: Mar 30, 2012 12:37:30 AM

Since we don't drill, they might as well. Maybe they'll sell to us.
KhelbenArunson
Champion Author Michigan

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Message Posted: Mar 30, 2012 12:30:31 AM

Ok
joezIN
Champion Author Gary

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Message Posted: Mar 30, 2012 12:28:26 AM

f'em
cutter1330
Champion Author Oklahoma

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Message Posted: Mar 30, 2012 12:25:29 AM

That's as it should be.
DirtDauber
Champion Author San Antonio

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Message Posted: Mar 30, 2012 12:24:45 AM

Why not?
frostyWV
Champion Author West Virginia

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Message Posted: Mar 30, 2012 12:24:32 AM

ok
gmcgas
Champion Author Atlanta

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Message Posted: Mar 30, 2012 12:23:24 AM

oooooooook
roadrunnerMO
Champion Author Kansas

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Message Posted: Mar 30, 2012 12:21:14 AM

Knowing the current or possibly previous CEO, I expected expansion like this long ago. Good business sense in their expansion so they have an American as CEO.
KrsnaDragon
Champion Author Montreal

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Message Posted: Mar 30, 2012 12:20:23 AM

Speculation breeds despair.
HA4CNN
Champion Author Toronto

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Message Posted: Mar 30, 2012 12:19:23 AM

Watch out the Chinese are coming.
REVLAW
Champion Author San Antonio

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Message Posted: Mar 30, 2012 12:18:06 AM

Okay. Perhaps China can become a supplier of its own energy needs and reduce the strain on the global market.
CDMAuto
Champion Author Connecticut

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Message Posted: Mar 30, 2012 12:17:02 AM

Watch China...
jkpsr
Champion Author New Jersey

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Message Posted: Mar 30, 2012 12:14:38 AM

Maybe they can stop buying Iranian oil.
cmsense
Champion Author Columbus

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Message Posted: Mar 30, 2012 12:13:23 AM

At least I don't wrap myself in the flag and pretend to be a patriot,while deriding other Americans who don't follow talking point orders from a sheeple entertainment station.Your just PATHETIC.
Ron77095
Champion Author Houston

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Message Posted: Mar 30, 2012 12:13:15 AM

ok.
Double_Golden
Champion Author San Francisco

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Message Posted: Mar 30, 2012 12:12:22 AM

good
quasar502
Champion Author Lansing

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Message Posted: Mar 30, 2012 12:12:09 AM

They're C-O-M-I-N-G.
mfeldstein
Champion Author Ottawa

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Message Posted: Mar 30, 2012 12:11:43 AM

And the impact on gas prices will be ...?
RENEGADEGAS
Champion Author Missouri

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Message Posted: Mar 30, 2012 12:09:44 AM

China is at least trying to do something for themselves. We are just watching everything fall apart.
vulcan96
Champion Author Ohio

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Message Posted: Mar 30, 2012 12:09:28 AM

looks loke 41% of the population is still under the influence - you notice i did not say Americans because they are NOT Americans....
cmsense
Champion Author Columbus

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Message Posted: Mar 30, 2012 12:08:37 AM

The REAL poll will be in Nov.,when RoMoney gets his car elevator cleaned.I hope that poll made you feel better coke kid,you'll need a lot of mother's little helper after Nov.to dull the pain.
jimgraham
Champion Author Akron

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Message Posted: Mar 30, 2012 12:08:33 AM

If they pump enough on their own, they will remove themselves from the competition for oil from other producers - that will certainly depress oil prices!!

Drill China, drill.
72_Monte
Champion Author Twin Cities

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Message Posted: Mar 30, 2012 12:07:23 AM


Big whoop.

LilRedWagonIN
Champion Author Indiana

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Message Posted: Mar 30, 2012 12:06:52 AM

learning from it's partners; translates into what they do with every other industry -- steal corporate secrets, ignore patents, and get dupes like Clinton to give away technology.
mastermariner
Champion Author Texas

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Message Posted: Mar 30, 2012 12:05:46 AM

China is all over the globe looking for oil & gas
ron98146
Champion Author Seattle

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Message Posted: Mar 30, 2012 12:03:07 AM

watch out, here they come.
monieet
Champion Author California

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Message Posted: Mar 29, 2012 11:59:20 PM

OK!
TBONE3
Champion Author Pennsylvania

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Message Posted: Mar 29, 2012 11:58:46 PM

They will steal OUR Shale Gas technology and go with it.
coke_kid
Champion Author Chicago

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Message Posted: Mar 29, 2012 11:57:10 PM

Poll - 10043 - Mitt Romney vs. Obama

Who would you vote for, Mitt Romney or Barack Obama?
1. Mitt Romney (49.5%)
2. Barack Obama ( 41.7%)
3. Neither ( 6.69%)
Not Answered ( 1.98%)

Whom do you believe has better solutions for the nation's economic problems?
1. Conservatives ( 49.8%)
2. Liberal ( 26.4%)
3. Neither ( 20.7%)
Not Answered ( 2.86%)
Matt G
Champion Author Boston

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Message Posted: Mar 29, 2012 11:53:19 PM

Ok
allstar3
Sophomore Author Baton Rouge

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Message Posted: Mar 29, 2012 11:52:35 PM

Won't be long until this little bubble China is in pops and all goes to hell over there.
Rageagainsttm
Champion Author Tampa

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Message Posted: Mar 29, 2012 11:52:14 PM

cool
kosciak
Champion Author Hartford

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Message Posted: Mar 29, 2012 11:51:45 PM

ok
1momsunshine
Champion Author Ottawa

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Message Posted: Mar 29, 2012 11:49:56 PM

OK
Zonk
Champion Author Michigan

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Message Posted: Mar 29, 2012 11:48:02 PM

I think the Chinese will be most successful with this venture.
Chris46
Champion Author Dayton

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Message Posted: Mar 29, 2012 11:47:21 PM

China has lots of money. They can afford to expand their reserves.
LoneGuy
Champion Author Lansing

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Message Posted: Mar 29, 2012 11:46:00 PM

They seem to be doing things to make themselves the new leaders of the world. Unfortunately they are still under the Communist Rule.
Z51Corvette
Champion Author Austin

Posts:11,168
Points:2,363,345
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Message Posted: Mar 29, 2012 11:44:51 PM

I don't give a rip about China right now! We need to take care of ourselves. before stretching ourselves too thin!
Urek5
Sophomore Author Toronto

Posts:103
Points:860,090
Joined:Mar 2012
Message Posted: Mar 29, 2012 11:41:20 PM

ok
nomad228
Champion Author Columbus

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Joined:Feb 2011
Message Posted: Mar 29, 2012 11:39:04 PM

they better do something if they wan to keep their country up and running without bursting their construction bubble an dending up in the same situation we are now.
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