China News

 

COSL receives delivery of two Wärtsilä designed AHTS

Oct 03, 2016

The Wuchang Shipbuilding Industry Group yard in China has delivered two new Wärtsilä designed anchor handling tug supply (AHTS) vessels to China Oilfield Services Ltd. (COSL).   The delivery of these two ships follows the success of the…

Day of the drones

Oct 01, 2016

In a short period of time, drones have shot to popularity as a tool for offshore oil and gas facility inspection. Elaine Maslin profiles the technology and its providers. Flying high. Image from Sky-Futures…

Exmar FLNG unit completes testing

Sep 28, 2016

Exmar's barge-based FLNG unit, at one time meant to operate off the coast of Colombia, has completed performance testing at Wison Offshore & Marine's Nantong, China yard, the engineering firm announced on 27 September. While the deal…

CNOOC starts production from Enping

Sep 22, 2016

China's CNOOC has started production from the Enping 18-1 oilfield in the Pearl River Mouth Basin of the South China Sea. In addition to fully utilize the existing facilities of Enping 24-2 oilfield, the project teamed up with Enping 23-1…

CNOOC starts at Weizhou

Sep 12, 2016

CNOOC Ltd. started production at the Weizhou 6-9/6-10 comprehensive adjustment project in the South China Sea. The Weizhou field is in the Beibu Gulf at about 35m water depth. In addition to fully utilizing the existing facilities of Weizhou 6-9/6-10…

COSL completes Barents seismic campaign

Aug 10, 2016

China Oilfield Services Ltd. (COSL) completed a 3D seismic survey in the Barents Sea using its 12-streamer seismic vessel HYSY 720. The operation, over two blocks, had taken 100 days and signified a new monthly seismic data acquisition record of 1820…

OOS orders semisubmersible crane vessels

Aug 04, 2016

Chinese shipyard China Merchants Heavy Industry (CMHI) is to build two new semisubmersible combined accommodation and crane vessels for Dutch firm Overdulve Offshore Services.  The OOS Serooskerke (named after a village in the Netherlands) and OOS Walcheren (a former Dutch island…

Teekay cancels flotel newbuilds

Aug 04, 2016

Teekay Offshore is to take a hit of US$43.7 million after cancelling construction contracts for two flotels, described by Teekay as units for maintenance and safety (UMS). The firm also says it suffered a drop in income due to its Arendal…

New name for Repsol Sinopec joint venture

Jul 05, 2016

As of 4 July, the business formerly known as Talisman Sinopec Energy UK has been renamed as Repsol Sinopec Resources UK. This follows the acquisition, in 2015, by Repsol of the global assets of the former Talisman Energy, including a 51% stake in the UK North Sea joint venture with Sinopec…

UH researcher develops new tertiary recovery method

Jun 27, 2016

As oil producers struggle to adapt to lower prices, getting as much oil as possible out of every well has become even more important, despite concerns from nearby residents that some chemicals used to boost production may pollute underground water resources…

CNOOC names new CEO

Jun 16, 2016

China National Offshore Oil Corp. (CNOOC) has appointed a company chairman, Yang Hua, as its new new CEO. Hua is replacing Li Fanrong who will join China’s National Energy Administration as deputy director. Hua said he will continue…

Painting a rosy picture

Jun 01, 2016

Colin Welsh Good news at last! In recent months, I have endeavored to counter some of the gloom that has pervaded the oil business for the last eight quarters by highlighting fundamentals such…

Mermaid wins 7 subsea gigs, delays newbuilds

May 27, 2016

Mermaid Maritime’s Western Hemisphere business unit (MSSW) has been awarded seven different subsea projects in the Middle East with an estimated value of US$11 million. In addition, Mermaid has also secured extensions for three newbuild deliveries…

Primeline, CNOOC in arbitration

May 25, 2016

Primeline Energy has begun arbitration proceedings against China National Offshore Oil Corp. (CNOOC) for continuing disputes over the development, production and sale of gas from the LS36-1 gas field in the East China Sea. Primeline, which has 49% stake in LS36-1 in Block 25/34…

China's CNPC, Mozambique to cooperate

May 24, 2016

The heads of Chinese oil firm CNPC and Mozambique's state oil firm ENH have signed a cooperation framework agreement over work in the oil and gas exploration and production market. CNPC is a partner in the Eni-operated Block 4, offshore…

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