Eleven Japanese companies including oil and gas exploration firm Inpex have joined forces to create a new firm focused on methane hydrate extraction. Japan Methane Hydrate Operating Co., (JMH) was formally established 1 October specifically…
Roc Oil failed to find commercial hydrocarbons at the QK11-1-1 well in Bohai Bay, offshore China, reported joint venture partner AWE Ltd. The well was drilled to a total depth of 4377m measured depth and 3863 true vertical depth on 7…
Australian company AWE Ltd. and ROC Oil Company signed a farm-in agreement for AWE to acquire 40% working interest in Block 09/05, Bohai basin, offshore China. Map of Block 09/05. Image from ROC Under the terms of the farm-in agreement…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
Kongsberg Maritime’s ‘Full Picture’ solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of NOK330 million. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC)…
Australia-head quartered WorleyParsons has agreed a memorandum of understanding (MOU) with Wison Offshore & Marine to jointly work on ship-shaped floating LNG (FLNG), FPSO and other similar offshore oil and gas projects, targeting Australasia…
Norway's Kvaerner and China Offshore Oil Engineering Co. (COOEC) have officially opened an engineering joint venture, Kvaerner COOEC Engineering & Technology (KCET), in Qingdao, Shandong, China. KCET will carry out and further develop…
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…
Prospector Offshore Drilling's new jack-up drilling rig, Prospector 1, arrived in the Cromarty Firth, Scotland today, after a two-month journey from its construction shipyard in Dalian, China. The jack-up features an advanced, fully-automated…
Norway-based Odfjell SE signed shipbuilding contracts with Nantong Sinopacific Offshore & Engineering Co., Ltd., of China, for construction of four 17,000 cbm capacity LPG/Ethylene gas tankers. Odfjell also secured various options for delivery of up to four additional tankers…
The Myanmar-China natural gas pipeline is now delivering hydrocarbons produced from the Bay of Bengal, offshore Myanmar, to China. The soon-to-be complete, parallel oil pipeline will transport Middle East and African oil. The pipeline projects have five investors from four countries: China…
Jiangsu Yangzijiang Offshore Engineering Co. Ltd. (YZJOE) is ready to “strike steel” on the construction of a US$170million Le Tourneau Super 116E, self-elevating jackup for drilling in 350ft water depths. The detailed engineering phase has…
Marin Teknikk AS has entered into a contract with China Merchants Heavy Industry (Shenzhen) Co. Ltd., for the design & engineering delivery of a large diving & construction vessel (DCSV) to Kreuz Subsea Marine Pte Ltd. in Singapore. The vessel will be a MT6024 DSCV design with an 18-man…
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…
Chevron signs up for South China Sea acreageChevron China and China National Offshore Oil Corp. (CNOOC) have entered into production sharing contracts (PSC) for two exploration blocks in the South China Sea, the company announced on 16 January 2013…
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