“三桶油”加速布局新能源

Group 1 - The "Three Barrels of Oil" companies are intensifying their establishment of subsidiaries to accelerate their layout in the new energy sector since August this year [1][4] - CNOOC has established a new subsidiary, CNOOC (Dongfang) Energy Co., Ltd., with a registered capital of 1 billion yuan, focusing on offshore wind power and solar energy services [1][2] - CNOOC's offshore wind power demonstration project, located in Hainan, has a planned capacity of 1500 MW, with the first phase set to generate 600 MW and the second phase 900 MW [2][3] Group 2 - The collaboration between CNOOC and Mingyang Smart Energy dates back to June last year, focusing on offshore wind power and overseas project development [3] - Mingyang Smart Energy has already initiated a 1500 MW marine energy project in Hainan, aiming to establish a leading benchmark for affordable offshore wind power in the region [3] - The establishment of new companies by the "Three Barrels of Oil" reflects their strategy to diversify and transition towards renewable energy amidst declining revenues and profits in traditional oil and gas sectors [4][5] Group 3 - Other major oil companies, such as PetroChina and Sinopec, are also actively forming new companies to invest in solar, wind, and energy storage technologies [4] - PetroChina has established a new company focused on solar energy and carbon reduction technologies, while Sinopec is promoting energy transition through new ventures in electric vehicle charging and energy storage [4][5]