China News

 

BP, CNOOC sign new PSC

Jul 16, 2013

BP and China National Offshore Oil Corp. (CNOOC) Ltd. signed a production sharing agreement for Block 54/11 in the South China Sea, the two companies confirmed on July 16. The block covers 4586sq km in water depths ranging from 370-2300m…

GE to deliver Chinese LNG carriers

Jul 11, 2013

Hudong-Zhonghua Shipbuilding Group, part of the China State Shipbuilding Corporation, was awarded a contract from GE for the supply of power and propulsion systems for six LNG carriers that it will build in its shipyard in Shanghai for major Asian shipping companies…

CNOOC strikes PSC with PetroBroad

Jul 08, 2013

China National Offshore Oil Corporation (CNOOC) signed a production sharing contract (PSC) with PetroBroad Copower Ltd. (PetroBroad Copower) for Block 28/03 in Pearl River Mouth Basin. Block 28/03 is located in Pearl River Mouth Basin in the east part of the South China Sea…

ABB wins Western Isles FPSO contract

Jun 28, 2013

ABB has been awarded a US$20 million contract to provide power and automation technologies to a floating production, storage and offloading vessel (FPSO). The unit is being built to Sevan Marine's cylindrical design at Chinese shipyard COSCO Nantong for Dana Petroleum…

MacGregor wins Bourbon crane contract

Jun 27, 2013

MacGregor, part of Cargotec, has won an order for a 150-tonne active heave-compensated (AHC) subsea crane from leading offshore oil & gas marine services specialist, Bourbon. This builds on a contract that was secured at the end of 2007 from the operator for ten similar cranes…

Sinopec buys into BP's PSVM

Jun 26, 2013

Marathon Oil has agreed to sell its 10% working interest in Block 31, off Angola to China Petrochemical Corp. (Sinopec) for US $1.5 billion.. The companies anticipate closing 4Q 2013, with an effective date of January 1, 2013. The transaction will bring Sinopec’s stake in Block 31 to 15%…

Dalian wins Seadrill jackup order

Jun 20, 2013

Seadrill Ltd signed new contracts for the construction of two high specification jackup drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China.  The newbuild rigs are scheduled for delivery during 4Q 2015 and 1Q 2016…

The Future of Solutions

Jun 18, 2013

Since the 1980’s, the Norwegian subsea industry has evolved to become a world-leading supplier of underwater equipment and technology. Oil and gas production across the world happens in ever deeper water, and the wells are increasingly complicated to operate…

Umbilicals bring new production to China’s Liuhua field

Jun 13, 2013

After a major storm crippled production from Liuhua field, a major life extension project and new umbilicals from JDR Cable systems renewed an aging property; Victor Schmidt explains. Recently, JDR Cable Systems deployed several subsea…

GE wins Pemex subsea deal

Jun 05, 2013

GE Oil & Gas and Pemex Exploration and Production have signed an US$84 million agreement for the supply and installation of subsea wellheads for Pemex’s deepwater and ultra-deepwater drilling projects in the Gulf of Mexico. The agreement…

Van Oord commissions Stingray, new shallow-water pipelay vessel

May 22, 2013

International contractor Van Oord is in the final stages of commissioning its first shallow-water pipelay vessel, Stingray, at the COSCO shipyard in Nantong, China. Meg Chesshyre spoke with Maurice de Kok, Van Oord Offshore’s area manager for offshore pipeline installation…

Global Deepwater Review

May 16, 2013

E&P companies are ramping up exploration of deepwater and ultra-deepwater reservoirs, encouraged by attractive oil prices. New developments spread across offshore Africa, Asia Pacific, Europe, Middle East and North and South America. Jeannie…

Chinese ocean thermal energy plan

Apr 17, 2013

Lockheed Martin has announced that it is working with Reignwood Group to develop an Ocean Thermal Energy Conversion (OTEC) pilot power plant off the coast of southern China. A memorandum of agreement between the two companies was signed in Beijing on Saturday…

Wartsila wins Chinese rig supply

Apr 17, 2013

Wärtsilä will supply a comprehensive, fully integrated power, propulsion and positioning system for a DP3 Dynamically Positioned offshore accommodation rig being built in China, the company announced on 17 April 2013. Wartsila power…

Manual gear operators for Chinese natural gas project

Apr 16, 2013

Rotork’s compact 242 Series manual gear operators are entering deployment in China. The company received orders from China Valves Hanwei for an undisclosed natural gas project. The 242 Series manual quarter-turn gear operators are ideal for low-torque applications…

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