CNOOC Limited
Encyclopedia
CNOOC Limited is the major Hong Kong listed subsidiary of China National Offshore Oil Corporation
. CNOOC Ltd is listed in Hong Kong
and also trades in New York
.
CNOOC Ltd's parent, CNOOC Group, is the third largest of the "Big Three" Chinese oil companies, and traditionally specialised in offshore upstream exploration and production, whereas CNPC Group specialised in onshore upstream exploration and production, and Sinopec Group specialised in refining and marketing. These distinctions are now increasingly blurred as the three companies compete in all areas.
All of the "Big Three" have vested the majority of revenue producing assets in listed Hong Kong subsidiaries. CNPC into PetroChina
, Sinopec Group into Sinopec
Limited, and CNOOC Group into CNOOC Limited. China Oilfield Services
(COSL) is another subsidiary of CNOOC Limited listed in Hong Kong.
China National Offshore Oil Corporation
China National Offshore Oil Corporation is one of the three major national oil companies of China....
. CNOOC Ltd is listed in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
and also trades in New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
.
CNOOC Ltd's parent, CNOOC Group, is the third largest of the "Big Three" Chinese oil companies, and traditionally specialised in offshore upstream exploration and production, whereas CNPC Group specialised in onshore upstream exploration and production, and Sinopec Group specialised in refining and marketing. These distinctions are now increasingly blurred as the three companies compete in all areas.
All of the "Big Three" have vested the majority of revenue producing assets in listed Hong Kong subsidiaries. CNPC into PetroChina
PetroChina
PetroChina Company Limited is a Chinese oil company and is the listed arm of state-owned China National Petroleum Corporation , headquartered in Dongcheng District, Beijing. It is China's biggest oil producer, and was the world's most valuable company by market value as of September 28th 2010...
, Sinopec Group into Sinopec
Sinopec
China Petroleum & Chemical Corporation Limited , or Sinopec Limited , is a majority owned subsidiary of state owned company Sinopec Group. Sinopec Limited is listed in Hong Kong and also trades in Shanghai and New York ....
Limited, and CNOOC Group into CNOOC Limited. China Oilfield Services
China Oilfield Services
China Oilfield Services is an oilfield service. It is a majority owned subsidiary of Chinese state owned company CNOOC Group. It also has a listed sister company in Hong Kong, CNOOC Limited....
(COSL) is another subsidiary of CNOOC Limited listed in Hong Kong.