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Yang Hua News

20 Dec 2023

Asia Break Bulk and CSL Shipping Partner on Vessel Operation

Source: COLI Group

COLI Group’s subsidiary Asia Break Bulk (Singapore) has entered a strategic partnership with CSL Shipping (China) to market CSL’s multi-purpose carrier Jian Yang Hua Qing.The vessel has 2 x 250mt cranes for loading breakbulk, heavy lift and project cargo and is already active for both companies.Felix Peinemann, Managing Director of the COLI Group, said the partnership will expand our footprint in the multi-purpose (MPP) market. “COLI is steadily expanding its activities to offer clients more sailing possibilities and increase its footprint in the Chinese market.

12 Oct 2010

China Buys into U.S. Energy Market

Chesapeake Energy and CNOOC Limited executed an agreement whereby CNOOC International Limited, a wholly-owned subsidiary of CNOOC Limited, will purchase a 33.3% undivided interest in Chesapeake’s 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas. The consideration for the sale will be $1.08 billion in cash at closing, subject to adjustment. In addition, CNOOC Limited has agreed to fund 75% of Chesapeake’s share of drilling and completion costs until an additional $1.08 billion has been paid, which Chesapeake expects to occur by year-end 2012. Closing of the transaction is anticipated in the 2010 fourth quarter.

20 Aug 2010

CNOOC Changes to Senior Management

The board of directors of CNOOC Limited announced that Mr. Fu Chengyu, an Executive Director of the Company, will be re-designated as a Non-executive Director of the Company. Mr. Fu remains the Chairman of the Board. Mr. Li Fanrong, a Non-executive Director of the Company, will be re-designated as an Executive Director of the company. The re-designations of Mr. Fu and Mr. Li will become effective from 16 September 2010. Born in 1951, Mr. Fu received a B.S. degree in geology from the Northeast Petroleum Institute in China and a master degree in petroleum engineering from the University of Southern California in the United States. He has over 30 years of experience in the oil industry in the PRC. He previously worked in China’s Daqing, Liaohe and Huabei oil fields.

27 Jan 2009

CNOOC Growth Continues in 2009

On Jan. 20, CNOOC Limited announced its business strategy and development plan for year 2009. The total targeted net production of the company in 2009 is 225-231 million barrels of oil equivalent (BOE) (with WTI at $60/barrel), compared with the estimated net production of 194-196 million BOE (with WTI at $100.1/barrel) for 2008. During the year, ten new projects are expected to come on stream, eight of which are located in offshore China. In overseas, OML130 in Nigeria and Tangguh LNG project in Indonesia will start production this year. These new projects are major contributors to the production growth in 2009. In 2009, the Company will further enhance its exploration efforts. The Company's exploration activities will still focus on offshore China.