China News


CNOOC Makes 'Significant' Discovery Offshore China

Jun 29, 2020

Chinese oil and gas company CNOOC has said it has made a significant discovery of Huizhou 26-6 in the Eastern South China Sea.CNOOC on Monday said the discovery was expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin…

China's Jutal Nets Offshore Wind, FPSO Orders Worth $283M

Jun 23, 2020

China's Jutal Offshore Oil Services Limited has said it has won orders to build components for an offshore wind farm and an FPSO, for unnamed clients.Jutal said in a statement that the contracts were awarded to Zhuhai Jutal Offshore Oil Services Limited…

China to Boost Oil, Gas Output in 2020

Jun 22, 2020

China aims to produce 1% more crude oil this year than in 2019 and to boost natural gas output by 4.3%, official targets showed on Monday, as the country seeks to safeguard energy security even after a coronavirus-driven collapse in oil prices…

CNOOC Buys Two Carbon-neutral LNG Cargoes from Shell

Jun 22, 2020

China National Offshore Oil Corp, or CNOOC, has agreed to buy from Royal Dutch Shell two cargoes of liquefied natural gas with offset carbon emissions, marking China's first gas imports of this kind, said the Shanghai Oil and Gas Exchange.CNOOC…

VIDEO: China's First 8MW Offshore Wind Turbine Commissioned

Jun 16, 2020

Chinese power generation and industrial equipment provider Shanghai Electric said Tuesday it had commissioned China's first 8MW offshore wind turbine, 'which is now entering operation.' The wind turbine was tested onshore at the Shantou Haojiang offshore industrial park…

CNOOC Brings Online Bohai Bay Oil Field

Jun 11, 2020

Chinese oil company CNOOC has started production from its Qinhuangdao 33-1S oil field phase I in the Bohai Bay.Qinhuangdao 33-1S is a shallow water oilfield, located in central and western Bohai with an average water depth of 21 meters. 'The…

PHOTO: CNOOC Completes First Development Well at Lingshui 17-2

Jun 11, 2020

Chinese oil company CNOOC has this week completed the drilling of the first development well at the Lingshui 17-2 (LS 17-2) gas field development in the South China Sea, offshore China.The info, along with the photos, was shared by CIMC-Raffles…

Forum Energy Technologies Pushes for Growth in Asia

Jun 08, 2020

Forum Energy Technologies, a provider of remotely operated vehicles for the offshore energy industry, is expanding its offering in Asia.The company has signed an agreement with Wuxi Haiying-Cal Tec Marine Technology Co., Ltd to represent Forum…

Seacor Marine Takes Full Ownership of Seacosco

Jun 05, 2020

U.S. offshore vessel provider Seacor Marine will buy the remaining 50% stake in Seacosco from China's Cosco.Seacor will pay $28.15 million in installments, and the transaction is expected to close in June 2020.With the acquisition, Seacor will…

Singapore’s First LNG Bunkering Vessel Hits the Water

Jun 04, 2020

Singapore’s first LNG bunkering vessel has hit the water in Keppel Nantong Shipyard in China. The vessel was moved from land to water on May 28, 2020.The news was shared earlier this week by the vessel-owner FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum…

Allseas Debuts in China

Jun 04, 2020

Offshore installation firm Allseas has started pipelaying operations at the Lingshui 17-2 gas field in the South China Sea using two of its vessels Audacia and Calamity Jane. It is interesting to note that, while the company has over the years conducted work around the globe…

China: Empyrean Gets More Time to Drill at 29/11 offshore block

Jun 03, 2020

London AIM-listed oil and gas explorer Empyrean Energy has been given more time to drill a well in its 29/11 offshore block in China.Empyrean said Wednesday that, due to the COVID-19 pandemic and the resultant global control policies, it engaged…

Oil Gains, with Brent above $40

Jun 03, 2020

Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.Brent crude futures for August were up 78 cents…

French EDF in Offshore Wind JV in China

Jun 02, 2020

French state-controlled power group EDF said on Tuesday it had agreed a joint venture partnership with China Energy Investment Corporation (CEI) to develop offshore wind farms in China.EDF will take a 37.5% stake in the project company through its subsidiaries EDF Renewables and EDF China…

Oil Drops but Still Set for Biggest Monthly Gain in Years

May 29, 2020

Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea, and a worsening in U.S.- China relations, but were still on track for a hefty monthly gain.July Brent crude fell 72 cents…

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