China's Offshore Oil Giant CNOOC To Cut CapEx By Up To 35%... Here's What It Shows

This article was firstly published by Seeking Alpha on February 4, 2015

By Sarfaraz A. Khan, Research Asst. Omar Edwardhams

China Will Be Profit-Gusher for French Oil Company Total

This article was originally published by TheStreet on April 16, 2014.

By Sarfaraz A. Khan

NEW YORK (TheStreet) -- China and its energy market are big factors in French oil major Total's (TOT_) long-term plans. 

The company recently has struggled with growth, but it could double its liquefied natural gas, or LNG, supply to China in the coming years as it targets a 30% increase in production by 2017.

Last year, Total's sales fell 2% to $251.73 billion while profits fell 18% to $11.21 billion. The company's hydrocarbon production remained flat, at 2.3 million barrels of oil equivalents per day. But Total has forecast daily production of 2.6 million barrels of oil equivalents by 2015 as it tries to satisfy China's ever increasing energy needs.

China's Oil Majors Could Move to Acquire This Australian Energy Giant

The European oil major Royal Dutch Shell (NYSE:RDS.A) has recently revealed that it plans to sell nearly $15 billion of its assets as the company requires an additional $55 billion in the next two years for investment in some of its major projects. Although Shell did not specifically mention the kind of assets it could be selling, but it’s an open secret that the oil giant’s $6.4 billion stake in Woodside Petroleum (WOPEY) could be up for grabs. Shell holds a 23% stake in Woodside Petroleum, which is Australia's second biggest oil and gas producer, as Shell’s management no longer feels that Woodside Petroleum is aligned with its long-term growth strategy.

Shell seems to have two options:

1. It can sell its stake back to Woodside, or other institutional investors.

2. it could sell this to Chinese oil majors, such as the offshore giant CNOOC (NYSE:CEO) or China Petroleum and Chemical Corp. (NYSE:SNP), popularly known as Sinopec .... read full article at GuruFocus