China News


Heerema planning new heavy lifter

Mar 20, 2014

Heerema Marine Contractors is planning a new semisubmersible crane vessel (NSCV), which, according to crane supplier Huisman, will have the world's largest cranes on board. At 214m-long and 97.5m-wide, the NSCV will become the world’s largest semi-submersible crane vessel…

Anadarko divests Chinese subsidiary

Feb 21, 2014

Anadarko Petroleum Corp has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for US$1.075 billion. 'This transaction accelerates…

Exmar, PRE order second FLNG unit

Feb 06, 2014

Belgium's Exmar and Canada's Pacific Rubiales Energy (PRE), through its wholly-owned affiliate Pacific Midstream Holding, announced the ordering of a barge-based floating LNG regasification unit under a 50/50 joint venture. The unit will…

Tanker conversion for heavy lift

Jan 31, 2014

FKAB China has won a design order from Shanghai Zhenhua Heavy Industry's (ZPMC) shipping arm for conversion of a 15-year-old afrmax tanker to a semisubmersible heavy lift vessel. After conversion, the heavy lift vessel will be able to transport container cranes…

Bourbon achieves US$770 million of vessel sales in 2013

Jan 10, 2014

Bourbon sells 12 additional vessels to ICBC Financial Leasing for US$378 million and concludes a new sale and bareboat charter agreement with Standard Chartered Bank for $150 million Bourbon announces the transfer of ownership of 12 vessels…

New COSL jackup delivered

Jan 06, 2014

The COSLGift, an independent leg cantilever jackup rig, has been delivered, and is enroute to Southeast Asia, China Oilfield Services Ltd. (COSL) announced. COSL acquired the COSLGift and its sister rig COSLHunter (pictured) in August 2013…

Colloquy: Projections for 2014 and beyond

Jan 03, 2014

Colloquy: Editor’s Column As we start a new year at OE, we offer projections from companies about projects and markets. This issue features a Global Market Forecast, with analysts from Infield Systems, DouglasWestwood, and Petroleum Geo-Services weighing in about exploration…

Technip agrees China JV

Dec 20, 2013

Technip and China's China Offshore Oil Engineering Co. Ltd (COOEC) have signed an joint-venture agreement in September. The five-year agreement will target deepwater engineering, procurement, construction and installation (EPCI) subsea umbilicals risers…

Keppel starts building CAN DO design

Dec 12, 2013

Keppel FELS Ltd has said it is to start building its CAN DO drillship design, with a 2016 completeion date. No secure contract has been secured for the vessel yet. Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M)…

GE powers Logitel unit

Dec 12, 2013

GE's Power Conversion business is to supply of dynamic positioning (DP) for a floating accommodation unit being built by Cosco (Nantong) Shipyard in Nantong City, China. The vessel is being built for Logitel Offshore, the Singapore-based floating logistics and accommodation rig owner…

Global Briefs: December 2013

Nov 27, 2013

CGG surveys GOM for Pemex CGG has been selected to carry out a large high-end seismic acquisition survey in the Gulf of Mexico on behalf of Pemex. The survey, in Mexican waters, is phase 5 in Pemex’s Centauro program, the largest ever…

Global Briefs: November 2013

Nov 07, 2013

Transboundary may head to committee The US Senate bill ratifying the US-Mexico Transboundary Hydrocarbon Agreement, S. 812, is reportedly on its way to a conference committee. The Senate’s version of the bill, passed last month (October)…

Colloquy: High-performance computing

Nov 06, 2013

Colloquy: Editor’s Column BP will invest US$100 million in high-performance computing over five years, and part of that is being spent on a new facility at the Westlake campus in Houston, housing the world’s largest super computer for…

Global oil's structural shift

Nov 05, 2013

Dana Petroleum group CEO Marcus Richards believes the oil industry is seeing a structural shift. He gave his personal views at a UK Chatham House event:  I would like address the questions raised by the shift in oil demand to industrialized economies in terms of energy security…

COSL wins 3 new orders

Nov 01, 2013

China Oilfield Services Limited (COSL) has signed construction contracts for two jack-up drilling rigs and a semisubmersible drilling rig. The contracts are with Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) and China Merchants Heavy Industry (Shenzhen) Co…

Current News

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

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Why the Volatile South Caucasus is Important for Oil and Gas supplies

Why the Volatile South Caucasus is Important for Oil and Gas supplies

Japan's Mitsui, Canada's Northland to Build 1 GW Offshore Wind Farm in Taiwan

Japan's Mitsui, Canada's Northland to Build 1 GW Offshore Wind Farm in Taiwan

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