China National Offshore Oil
CNOOC chairman Wang Yulin smiles during the company's 2012 annual results announcement press conference in Hong Kong on March 22, 2013. Chinese oil giant CNOOC on March 22 reported that 2012 net profit fell 9.3 percent, blaming higher operating costs -- including exploration -- and the poor global economy.
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What this signing does is it consummates the relationship between British Gas and CNOOC as a customer and also as an investor in this project.
These new agreements with BG Group will not only substantially enhance the partnership in QCLNG, but also facilitate the construction of CNOOC's overseas production base of LNGMore quotes »
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