China News


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…

COSL increases Norway presence

Apr 04, 2013

China Oilfield Services Limited (COSL) is pleased to announce that COSLPromoter, a semi-submersible drilling rig of the Group, has officially commenced operation in Norwegian North Sea for an eight-year service contract with Statoil ASA on 2 April 2013 Norwegian Time…

Chinese duo

Mar 28, 2013

Chevron subsidiary Chevron China Energy and China National Offshore Oil Corp (CNOOC) signed production sharing contracts for two shallow water exploration blocks in the South China Sea. Chevron will hold 100% interest during the exploration…

Beibu in production

Mar 22, 2013

First production has begun at the CNOOC-operated Beibu Gulf Project in the South China Sea, announced partner Roc Oil on 21 March 2012.Roc said production from two development wells, A5H and A2 on the WZ 6-12 wellhead platform, follows the successful installation…

Seadrill orders two new jackups

Mar 05, 2013

Seadrill has exercised fixed price options for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The rigs are scheduled for delivery during the third and fourth quarter of 2015…

Dalian wins Seadrill jackup contract

Feb 01, 2013

Newbuilds are slated to cost US$230 million F&G JU2000E design (Image: Friede & Goldman)Seadrill has entered into an agreement for the construction of two high specification jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Inc…

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