CNOOC Limited,of which China National Offshcre Oil Corporation (CNOOC) is the parent,recently posted its first-ever half-year loss as the plunge of crude oil prices destroy the profit at China's biggest offshore oil and gas producer.
The company swung to a 7.74 billion yuan (USD1.16 billion) loss in the January-June period,compared to a net income of 14.7 billion yuan a year earlier,according to a statement released by the Beijing-headquartered company in late August.