Post by
mrbb on Dec 20, 2018 11:51am
husky sign strategic deal in south china sea
CNOOC Signs Strategic Deals Wednesday, December 19, 2018, 3:37 AM MST __________________________________________________________ Reuters) China's CNOOC Limited indicated a renewed commitment to oil and gas exploration on Tuesday as its chairman said it would raise spending to a record while signing strategic exploration agreements with nine firms for the South China Sea. The strategic agreements cover Blocks A and B in the Pearl River Mouth Basin in the northern section of the South China Sea, offshore Guangdong province. The nine firms involved include Chevron Corporation, ConocoPhillips, Equinor, Husky Energy Inc., Kuwait Foreign Petroleum Exploration Co., Australia's Roc Oil, Royal Dutch Shell plc, SK Innovation and Total SA. All of these firms have existing exploration and production operations in China. The agreements follow increased efforts by China's state oil and gas producers PetroChina, Sinopec and CNOOC to boost domestic oil and gas drilling, after a call by President Xi Jinping to boost domestic energy supply security. The strategic co-operation agreements cover mostly geologically challenging ultra-deepwater, high pressure or low permeability reservoirs, Wood Mackenzie Ltd. analyst Andrew Harwood said in a note on Wednesday. "Should these Strategic Cooperation Agreements progress into full exploration contracts, CNOOC will retain operatorship," said Harwood, adding that the basin is believed to hold significant deepwater gas and shallow water oil potential. The comments on the increased spending came from CNOOC chairman Yang Hua at a company event in Beijing on Tuesday where the agreements were announced. "Currently the central government highly values oil and gas exploration and development and gave special directions," Yang said, though he did not give details on the amount to be spent. Yang said the government is likely to give favourable policies to oil companies to support their offshore oil and gas exploration. Central government officials have met recently with executives from China's three state-owned oil majors PetroChina, Sinopec and CNOOC to discuss plans to boost China's crude oil and natural gas output, Yuan Guangyu, vice-president of the CNOOC group said on the sidelines of the event.
Comment by
canonmp530 on Jan 02, 2019 11:59am
Husky is not a Public Company, it is Communist Controled and all these Deals are just smoke and mirrors. These are Chineses SOE's and as such deals are not made or brokered they are imposeed with coersion and threats.
Comment by
oilandgasmick on Jan 02, 2019 12:06pm
I'm pretty sure you are right. Its all the illuminati and their minions driving these deals. . I have just received info that suggests Husky is setting up a secret moon base with the Chinese to harvest titanium and other precious minerals. Watch out, they know where all the Srock House posters live and could be watching you through your back window as I type this message.
Comment by
SQCConsulting on Jan 02, 2019 12:55pm
Scottie, Eigen, and now this......lol No need to go to the circus anymore.
Comment by
canonmp530 on Jan 03, 2019 11:04am
https://www.bbc.com/news/science-environment-46724727
Comment by
mrbb on Jan 03, 2019 5:00pm
old news https://www.stockhouse.com/companies/bullboard/t.hse/husky-energy-inc?postid=29140774 your link is about china landing on far side of the moon. Maybe china will sign a land pact with the space alien which I heard habituating the far side of the moon.
Comment by
canonmp530 on Jan 03, 2019 11:48am
https://www.cnbc.com/2019/01/03/us-issues-new-warning-over-china-travel-urging-increased-caution-.html