Does cnooc have any energy storage concept

Is CNOOC launching a new energy business?

Wang said the new energy business is new to CNOOC Ltd: “The development is still at its infancy.” He added that the company has completed the overall planning intended to play its part in achieving China’s target of carbon emissions peaking by 2030 and carbon neutrality by 2060.

Why did CNOOC make a profit?

Burning of natural gas results in roughly half the carbon emissions of coal per million British thermal units of energy and 30 per cent less than oil. CNOOC said its first-half net profit grew mainly due to a 61 per cent jump in average oil selling price to US$62.38 a barrel.

Is CNOOC developing a wind project offshore Shantou?

The state-controlled player has just won government approval to develop a wind project offshore Shantou city in southern China’s Guangdong province, the second of its kind for CNOOC Ltd. Last September, the company started operations at its first offshore wind project in Jiangsu province.

What is China's first offshore carbon storage project?

[Photo/Xinhua] China's first offshore million-tonne carbon storage project was put into operation on Thursday in the South China Sea, said the China National Offshore Oil Corporation.

How does CNOOC Shenzhen work?

Zhang Wei, chief engineer of CNOOC Shenzhen, which spearheads the project implementation, said the scheme involves first separating oil from the CO 2 and then dewatering and compressing CO 2 before it is rejected into the reservoir.

Is CNOOC a good stock to buy?

Sanford C. Bernstein senior analyst Neil Beveridge said CNOOC was one of the least expensive oil and gas stocks among global peers. “Addition to the US [sanctions] list is part of the reason for the discount, but for non-US investors who want exposure to oil, CNOOC offers attractive returns,” he wrote in a note on Thursday.