CNOOC Limited (CEO) said it appointed Li Fanrong as its new chief executive officer. Also, the board announced that, Yang Hua resigned as CEO of the company, due to his responsibility as the President of China National Offshore Oil Corporation which requires more of his time.
Accordingly, Yang Hua was re-designated from an Executive Director to a Non-Executive Director of the company. Further, Yang continues to serve as the Vice Chairman of the board and would mainly focus on the strategy of the company.
Wang Yilin, the company's chairman commented, "Mr. Li has served the Company for more than 20 years, and has accumulated abundant operation and management experiences in offshore oil and gas development. I firmly believe Mr. Li has the capability to lead the Company and to create more value to our shareholders."
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.