China News


Service during sanctions

Dec 09, 2014

For Western-based service companies whose products or personnel were at work in the waters off the Russia, projects that were already complex by virtue of the location became substantially more so with the recent Western sanctions against the Russian Federation…

CNOOC starts Panyu 34-1/35-1/35-2

Dec 01, 2014

CNOOC Ltd. began production at its Panyu 34-1/35-1/35-2 project in the South China Sea. Image from CNOOC.    Panyu 34-1/35-1/35-2 is located in the Pearl River Mouth basin in a water depth range of 195-338m…

OPEC sticks to its guns - oil price slides

Nov 28, 2014

Benchmark Brent crude plunged to a four-year low, below US$73 a barrel, yesterday (27 November) after oil cartel OPEC chose to leave its 30MMbbl/d output target unchanged at its latest meeting in Vienna.  The move, led by Saudi Arabia…

CNOOC begins oil production at Huizhou-Xijiang

Nov 24, 2014

China National Offshore Oil Co. (CNOOC) has begun production from the Huizhou 25-8 oilfield and Xijiang 24-3 oilfield in the South China Sea, known as the Xijiang 24-1 District joint development project.   Xijiang 24-3 facility…

Caribbean FLNG undocks in China

Nov 19, 2014

The Caribbean floating liquefaction and storage (FLNG) facility undocked from the Wison Offshore & Marine dry dock in Nantong, China. Wison Offshore & Marine dry dock. From Wison.   Wison…

CNOOC hits more pay off China

Nov 19, 2014

CNOOC Ltd. encountered a new mid-sized discovery at the Lufeng14-4 structure in the eastern South China Sea. Pearl River Mouth basin activity. From CNOOC. Lufeng14-4 is located in Lufeng…

Fosun, Roc Oil deal nears completion

Nov 17, 2014

Fosun International subsidiary Transcendent Resources has almost completed its off-market takeover bid of Roc Oil. The Hong Kong-based Fosun announced that it has received acceptances of 92.595% of all existing Roc shares, which translates to 363…

Brightoil going after upstream expansion

Nov 04, 2014

Brightoil Petroleum Ltd. is preparing to submit a formal bid to acquire all the issued shares of Newfield Global Inc., which holds 12% interest in Bohai Bay Block 05/36 and 49% interest in Pearl River Block 16/05, offshore China. According to Newfield…

Frosty Relations

Nov 03, 2014

How much does Russia’s oil and gas industry stand to lose in light of increasing Western sanctions? Sarah Parker Musarra reports. In April 2014, the first oil produced from the Russian Arctic Shelf…

CNOOC makes new discovery in Bohai

Oct 24, 2014

CNOOC Ltd. made a new, “mid-to-large” discovery at Jinzhou 23-2 in Bohai, offshore China. The Jinzhou 23-2 structure is located in the north part of Liaodong Uplift of Bohai with an average water depth of about 10m. The well Jinzhou…

InterMoor completes COOEC projects

Oct 22, 2014

InterMoor, an Acteon company, has completed two major offshore projects for China Offshore Oil Engineering Corporation (COOEC).  To extend the life of the Hai Yang Shi You III FPSO, the first project involved full mooring system replacement in the Panyu field…

Deferred delivery agreed for Sevan Developer

Oct 17, 2014

Sevan Drilling and Cosco (Qidong) Offshore have come to an agreement over the delivery of the new-build Sevan Developer cylindrical drilling rig.  The deepwater unit is being built by Cosco, but has faced construction delays. Meanwhile…

MacArtney winch for advanced Chinese research vessel

Oct 16, 2014

MacArtney has delivered a MERMAC R40 RA winch to the Hunan University of Science and Technology (Xiangtan, China). The company works closely with SeaTech China in its role as exclusive MacArtney product and system representative on the Chinese market for underwater technology…

SWS building two jackups for BOD

Oct 16, 2014

Blue Ocean Drilling Ltd. (BOD) awarded China’s Shanghai Waigaoqiao Shipbuilding (SWS) a contract to build two Gusto MSC CJ50 high specification jackup rigs. Image from Blue Ocean Drilling.   Upon the terms of agreement…

CNOOC hits Miocene oil in second Beibu Gulf well

Oct 15, 2014

CNOOC discovered oil in its second Beibu Gulf well, WZ12-10-2, in Block 22/12, off the southern Chinese coast. The shallow-water (36m WD) location is about 1.6km (1mi.) east-northeast of the WZ12-8W platform and about 3.2km west-southwest of the previously drilled discovery well…

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