CNOOC Ltd. could spend a record amount of money this year; the lion's share will go to the Chinese upstream, but most production growth will come from overseas.Raising oil output may take precedence over the energy transition as prices remain high and China focuses on boosting its economy after ending its "zero-Covid" policy. The commissioning of new oil projects could jeopardize CNOOC's target to sharply increase the share of natural gas in its production mix. Save for later Print Download Share LinkedIn Twitter The Issue
