Former CNOOC executive Yuan Guangyu has received a death sentence with a two-year reprieve after a Chinese court found he accepted more than 152 million yuan in bribes.
COSCO’s Zhi Yuan Kou transported and installed CNOOC’s largest offshore platform, highlighting precision positioning and heavy marine capability, now sailing toward Australia.
CNOOC has appointed Huang Yongzhang as Chief Executive Officer, adding the role to a broader set of senior leadership positions at the Chinese state-owned oil and gas company.
SLB OneSubsea has won a 20-well EPC contract from CNOOC for the Kaiping 18-1 deepwater project in the South China Sea, covering integrated subsea production systems, installation support and commissioning services.
CNOOC targets a 40% offshore wind capacity increase in 2026 to reach 3.5 GW, partnering with Ming Yang Smart Energy as falling costs and national targets accelerate China’s offshore wind build-out.
Haiyang Shiyou 696, a WS25000-class Tuna Offshore Series vessel designed by SDARI and built by Wuhu Shipyard for CNOOC, has started sea trials as China’s first large integrated offshore well stimulation ship.
CNOOC Ltd said the Xijiang Oilfields 24 Block project in the Pearl River Mouth Basin has started production, targeting a 2026 plateau of about 18,000 boe/d and using Huixi facilities plus an unmanned platform.
Former CNOOC deputy GM Yuan Guangyu has been formally charged by prosecutors in Xuzhou, Jiangsu, over allegations that he took extremely large bribes while holding senior posts at CNOOC Bohai and CNOOC Limited.
China’s top anti-corruption watchdog is investigating Li Zhong, deputy general manager and chief engineer at CNOOC Research Institute, a veteran behind key deepwater breakthroughs in the South China Sea.
