CNOOC leads gains among China's oil groups as energy prices climb

IDEX

02/06/2023 04:37

** Shares of CNOOC  0883.HK  lead gains in Hong Kong-listed
oil producers and energy firms, rising as much as 3.4% to
HK$12.22 and on track for a second session of climb, if gains
hold 
    ** Stock is second-biggest pct gainer in Hang Seng Composite
Index  .HSCIE , which tracks energy stocks 
    ** Oil prices rose on Friday in early Asian trade as markets
weighed the likelihood of price-supportive OPEC+ production cuts
over the weekend amid positive sentiment over the U.S. monetary
policy and Washington's debt ceiling bill 
    ** CNOOC said on Thursday it has begun production at the
Buzios5 well off the coast of Brazil 
    ** CNOOC also announced the official commissioning of
China's first offshore carbon capture and storage (CCS)
demonstration project, filling the gap in China's offshore
carbon dioxide storage technology  
    ** Says the CCS project is part of the development of Enping
15-1 oilfields in Pearl River Mouth Basin about 190 kilometers
southwest of Hong Kong
    ** Shanghai-listed shares of CNOOC  600938.SS  climb 1.7%
    ** Hong Kong shares of PetroChina  0857.HK , Sinopec Corp
 0386.HK  and China Oilfield  2883.HK  rise between 2.4% and
3.7%  
    ** Hang Seng Mainland Oil & Gas Index  .HSMOGI  rises 3.1%
and Hang Seng Index  .HSI  surges 3.4%


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))