News Snapshot:
A CNOOC booth during the China International Fair for Trade in Services, in Beijing, on Sept. 1, 2022.FLORENCE LO/Reuters China’s CNOOC Ltd has raised its 2023 production target by around 8 per cent to a record 650 million to 660 million barrels of oil equivalent (boe), it said on Wednesday. The state-controlled offshore oil and gas company produced about 620 million boe last year, exceeding its goal of 600-610 million boe, CNOOC said in a filing to the Hong Kong Stock Exchange outlining its annual strategic outlook. CNOOC is aiming for 6 per cent average annual production growth by 2025...
