China's Liaoning aircraft carrier and accompanying fleet conducts a drill in the South China Sea
Cnooc looks to South China Sea
The NOC’s delisting from the NYSE may only serve to embolden its South China Sea drilling despite lingering controversy surrounding projects in the region
The change in occupancy at the White House has not eased Sino-US relations. The New York stock exchange (NYSE) confirmed in late February that it had begun the process of delisting Chinese state-controlled producer Cnooc in line with a Biden Treasury Department endorsement in late January of a November executive order by then US president Donald Trump. President Joe Biden seems largely content to follow the tough line taken by his predecessor. In a parting shot in January, Trump’s commerce secretary Wilbur Ross accused Cnooc of being a “bully for the People's Liberation Army to intimidate China’s neighbours”. $15.5bn E&P spend this year Cnooc’s leaders have sought to dial dow
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