China News

 

Waiting for the bright side

Mar 01, 2017

2016 was a year of huge challenges for the offshore drilling rig sector as the low oil price environment and reduced E&P spending continued to bite. Stephen Gordon, of Clarksons Research, charts the state of the market, which is arguably facing some of its toughest times since the 1980s…

Newfield divests Bohai stake

Feb 22, 2017

Newfield Exploration Co. signed a sales agreement with some of its joint venture partners to divest its non-operated 12% stake in the Bohai Bay field in China for approximately US$39 million. The deal is subject to customary regulatory approval…

South China Sea in Frogtech study

Feb 20, 2017

Australia's Frogtech Geoscience has released a new basement-focused study of the hydrocarbon-rich South China Sea and Gulf of Thailand; a geologically complex region. The study (South China Sea Seebase) includes new, terrane-based plate…

MFDevCo, COSL sign MOU over marginal field initiatives

Jan 26, 2017

UK-based MFDevCo, or Marginal Field Development Co., has agreed a collaboration deal with Singapore-based jackup drilling rig operator CDPL, a subsidiary of China Offshore Services Ltd. (COSL).  The move will see MFDevCO use CPDL on a 'one stop shop' basis…

CNOOC to drill 126 wells in 2017

Jan 19, 2017

China’s CNOOC has revealed its 2017 business strategy and development plan that includes a total of five new projects set to come onstream, and a capex that could reach US$10.2 billion (RMB 70 billion). Image from CNOOC…

Enping 23-1 oilfields starts production

Jan 17, 2017

China's CNOOC started production at its Enping 23-1 oil fields, in the Pearl River Mouth Basin of the South China Sea. The oil fields have an average water depth of approximately 90m, in which CNOOC holds 100% interest. There are currently three wells producing approximately 5600 b/d…

CNOOC starts up Penglai 19-9

Jan 13, 2017

CNOOC's shallow water Penglai 19-9 comprehensive adjustment project has started production. The Penglai 19-9 oilfield is in Bohai Bay, China, which has an average water depth of about 30m. The Penglai field, discovered in 1999, has been described as the largest offshore field in China…

Beibu Gulf hits production milestone

Jan 12, 2017

Production on 10 January 2017 from the Beibu Gulf fields, offshore China, reached a total of 13.9 MMbbl, according to Horizon Oil. Up until this point, the Block 22/12 participants have been paying a fixed operating tariff of US$4.75/bbl to China National Offshore Oil Corp…

Mermaid cancels two more newbuild orders

Jan 03, 2017

Mermaid Maritime is at the chopping block again with China Merchants Industry, as the Thai company axes an additional two newbuild contracts with the shipbuilder. Illustration of the MTR-3 rig…

Empyrean awarded PRMB permit

Dec 20, 2016

Empyrean Energy has been awarded a permit for 100% of the exploration rights for Block 29/11, located in the Pearl River Mouth Basin (PRMB), offshore China, following a successful application to the China National Offshore Oil Corp. Empyrean…

FES develops CALM Buoy Swivel

Dec 15, 2016

Flexible Engineered Solutions International (FES), a supplier of fluid transfer systems to the oil and gas offshore industry, has developed the CALM Buoy Swivel for a major manufacturer of marine equipment, based in China.  The CALM Buoy Swivel…

Wärtsilä, CSSC sign licensing agreement

Dec 13, 2016

Wärtsilä has signed a manufacturing license agreement with Jiujiang Precision Measuring Technology Research Institute, a subsidiary of China State Shipbuilding Corp. (CSSC), based in Jiujiang, China. The two-way agreement provides CSSC with…

Royal IHC bags Chinese reel lay work

Nov 30, 2016

Royal IHC has entered into a contract with Shanghai Salvage in China for the supply of an integrated 550t reel lay system, making it the first reel lay system in the Chinese market. Illustration from Royal IHC…

LNG a-go-go

Nov 01, 2016

Mozambique’s emerging LNG business may be picking up after a quiet period. John Sheehan reports on progress made, including Eni’s Coral FLNG project. An Anadarko employee. Images from Anadarko…

Mekers launches liftboat

Oct 27, 2016

Mekers Offshore launched its first in a series of liftboats at Dajin Heavy Industries yard in Jiangsu, China.  The self-elevating liftboat is a four-legged, DP2, self-propelled vessel with a working depth of 70m. It can house up to 250…

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