China News

 

CNOOC's Kenli 10-1 online

Apr 23, 2015

The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Image from CNOOC. Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m…

CERAWeek: Tillerson advises the industry

Apr 22, 2015

The sudden drop in oil prices is different from cycles in the recent past, said Rex Tillerson, chairman and chief executive of ExxonMobil, during his Tuesday morning keynote speech and discussion at the recently held CERAWeek. This event has been created due to oversupply…

CERAWeek: Managing through the cycle

Apr 21, 2015

Currently, the energy industry is focused on finding ways to master the challenges of the low oil-price cycle. To meet those challenges, first, operators must re-evaluate the future of global oil development, said OAO LUKOIL President Vagit Alekperov…

CSR completes SMD acquisition

Apr 17, 2015

China's Zhuzhou China South Rail Times Electric completed a £130 million acquisition of the UK-based ROV and trenching equipment manufacturer Specialist Machine Developments (SMD), also known as Soil Machine Dynamics. Zhuzhou specializes…

First TLPs for offshore China

Apr 16, 2015

Technip is to help design China's first tension leg platforms (TLPs) under a contract with joint venture partner China Offshore Oil Engineering Co. (COOEC). Image from CNOOC. The…

Renewables investment reaches record highs

Apr 07, 2015

Global investment in renewable energy reached record levels in 2014, including the record-breaking US$3.8 billion financing of the largest ever renewable energy plant, a Dutch wind farm project, a new report has shown. Image from Siemens…

Northern delays jackup deliveries

Mar 31, 2015

Northern Offshore is delaying the delivery of two of its high specification jackups due to the downturn of the drilling market. The West Navigator. From NADL.   Northern was able to…

GlobalData: Rosneft focuses on Russian gas

Mar 31, 2015

Despite the recent memorandum of understanding (MOU) between Rosneft and Golar LNG, the former’s current gas strategy is narrowly focused on developing domestic reserves and initiating liquefied natural gas (LNG) projects in Russia, according…

Wärtsila chosen to power new barges

Mar 13, 2015

Two new jackup barges ordered by the National Petroleum Construction Co. (NPCC), based in the United Arab Emirates, will feature fully integrated Wärtsilä power generation and electrical and automation (E&A) solutions. The SEP 650 and…

CNOOC brings Qinhuangdao online

Mar 09, 2015

CNOOC Ltd. announced that its Qinhuangdao 32-6 comprehensive adjustment project has commenced production. The Qinhuangdao 32-6 oilfield is located at the central north of Bohai Bay with an average water depth of approximately 20m. The…

Fugro launches G4 service

Feb 16, 2015

Fugro launched its G4 service, in the field of GNSS augmentation systems for offshore positioning applications. The new satellite correction service is the first to take advantage of all four GNSS (global navigation satellite systems): GPS…

Proserv named subsea company of the year

Feb 12, 2015

Proserv was named company of the year at the 2015 Subsea UK Awards. During the past 12 months, Proserv marked a number of milestones including a series of contract awards which expanded its manufacturing facilities and launching a new subsea technology…

Boskalis introduces White Marlin

Feb 12, 2015

Boskalis announced that the Dockwise vessel White Marlin was named and christened during a festive ceremony in Guangzhou, China. Following the ceremony, the semisubmersible heavy transport vessel will be mobilized to Singapore for its maiden…

"Don't waste a good crisis"

Feb 11, 2015

Subsea industry leaders were told not to 'waste a good crisis' today (February 11), with simplified engineering, a calibration of costs and better collaboration key focus areas. A sense of urgency is needed to re-baseline costs, which should have been addressed already years ago…

CNOOC, SK enter China PSCs

Feb 10, 2015

China National Offshore Oil Corp. (CNOOC), signed two production sharing contracts (PSCs) with SK Innovation Co., Ltd. (SK) for Blocks 04/20 and 17/03 in the South China Sea. The two blocks are located in the Pearl River Mouth basin. Block…

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