China’s state-held oil and gas giant CNOOC reported on Wednesday a record-high net profit for the first half of 2024, pushed up by an all-time high oil and gas production and rising oil prices. CNOOC, which specializes in offshore oil and gas developments in China and internationally, booked a net profit of $11.18 billion (79.7 billion Chinese yuan) from January to June. This represented a 25% jump compared to the same period of 2023 and “the best level of the same period in history,” the company said. CNOOC’s board also…
