China News

 

Fighting for survival

Feb 01, 2016

So much for a happy new year! The first few weeks of 2016 have given no cause for cheer with crude falling a further 20%, more job losses, and further project delays or cancellations. Colin Welsh…

ABB software for Ultra Deep Solutions' newbuilds

Feb 01, 2016

Power and automation firm ABB is to provide software for three newbuild deepwater subsea construction vessels being built by new company Ultra Deep Solutions. Ultra Deep Solutions was set up in 2014, by industry veteran Sheldon Hutton…

Nylacast to open China facility

Jan 28, 2016

Leicester-based engineering polymer firm Nylacast is to open a new production facility in China following a £12 million (US$17.21 million) funding deal from Santander Corp. & Commercial.  Nylacast supplies high performance engineering polymers and finished components to the oil and gas…

CNOOC's Kenli 10-4 online

Jan 27, 2016

China’s CNOOC commenced production at the Kenli 10-4 oilfield, offshore China. The Kenli 10-4 oilfield is located in the South of Bohai at about 15m water depth. In addition to fully utilizing the existing facilities of Kenli 10-1 oilfield…

CNOOC sees drop in 2016 plan

Jan 19, 2016

Beijing-based China National Offshore Oil Corp. (CNOOC)’s 2016 business and development plan shows a slight reduction of about 5% when compared to 2015 due to continued challenges with low oil prices. Image of CNOOC's Golden Eagle…

12-year oil price lows mark start to 2016

Jan 11, 2016

Oil prices have been extremely volatile since the first trading day of 2016 and hit 12-year lows last week with Brent dropping below US$33/bbl for the first time since 2005. The fall in the Chinese manufacturing index, the Saudi-Iran…

Shell, BG to shed 2800 jobs as merger clears

Dec 14, 2015

Shell has cleared the final regulatory approval for its US$70 billion acquisition of BG Group, after receiving 'unconditional merger clearance' from the Chinese Ministry of Commerce (MOFCOM). This approval from China is the final regulatory…

CNOOC, Husky in South China Sea PSC

Dec 03, 2015

China National Offshore Oil (CNOOC) signed a production sharing contract (PSC) with Husky Oil Operations (China) for Block 15/33 in the South China Sea. Block 15/33 is located in the Pearl River Mouth Basin of the South China Sea. The…

The North Sea gets steamy

Dec 01, 2015

Using steam to help increase oil recovery, particularly from heavy oil, is a well tried and tested technology, but not quite so offshore. Elaine Maslin looks at a bid to change that. Images from The Steam Oil Production Co…

Roc, CNOOC JV spud off China

Nov 17, 2015

The Roc Oil and CNOOC-led joint venture spudded the WZ 12-8W-A6P1 appraisal well, in Beibu Gulf, offshore China, according to parnter Horizon Oil. Map from Horizon Oil. The well is located in the Weizhou 12-8 fields area…

Primeline spuds East China Sea well

Nov 17, 2015

Primeline Energy Holdings has started drilling operations on the LS30-3-1 well in the East China Sea. Following the plug and abandon operation of LS23-1-1 announced 28 October, Primeline’s contractor, China Oilfield Service Ltd. (COSL)…

Husky marks Indonesian milestone

Nov 10, 2015

Husky Energy has installed the jacket and wellhead platform for the Madura Strait BD gas-condensate field development, offshore Indonesia. Development drilling is expected to started soon, at the 55m water depth site, and the project remains on target for first production in 2017…

Investigating the deep

Nov 01, 2015

Heather Saucier speaks with Mark Randolph and Susan Gourvenec, professors at the University of Western Australia’s Centre for Offshore Foundation Systems, about deepwater geotechnical challenges, such as complex carbonates found off the coast of Australia…

Primeline fails off China

Oct 30, 2015

Primeline Energy’s LS23-1-1 well showed little potential for commercial production, offshore China. The company will now continue with the exploration drilling program for the LS30-3-1. Image from Primeline…

Cosco confirms floater delay

Oct 23, 2015

Dana Petroleum's Western Isles floating production unit will not be on stream until late 2017, some two years later than originally planned, it was confirmed today. In a statement, China's Cosco Corp (Singapore) said it and a European…

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