OPEC announces losses in revenues; China projects lower oil prices; China-Myanmar pipeline planned despite oil prices.

HONG KONG, April 28 (UPI) -- China's CNOOC Ltd. saw net production of 496,753 barrels of oil a day, up 5 percent over first-quarter 2007, and revenue was up 61.8 percent, Xinhua reported.

BEIJING, March 28 (UPI) -- China National Offshore Oil Corp. Ltd. posted disappointing profits for 2007, up only 1.1 percent.

CNOOC to increase output; Gazprom, UES to set up venture; Turkmenistan to export gas to South Asia

BEIJING, Oct. 24 (UPI) -- The China National Offshore Oil Corp. plans to float shares of its subsidiary Oil Base Group in 2008.

India to skip IPI talks over transit fees; Deal on Kovykta field delayed; CNOOC, COSCO in energy deal

BEIJING, July 4 (UPI) -- The head of the Chinese oil company trying to buy Unocal Corp. says opponents of the deal don't understand how much China has changed.

BEIJING, June 29 (UPI) -- China expressed opposition to interference in a government-controlled oil company's bid for the U.S.-based oil company Unocal, state media said Wednesday.

BEIJING, May 10 (UPI) -- China's third largest oil firm, China National Offshore Oil Corp., is keeping mum on whether or not it will make a bid for Unocal, state media said Tuesday.