China News

 

Petrobras inks $2 billion China leasing deal

Oct 13, 2015

Brazilian giant Petróleo Brasileiro (Petrobras) entered into a US$2 billion deal with the Industrial and Commercial Bank of China Leasing (ICBC) for a finance lease on two existing platforms. Image from Petrobras…

Petrofac cancels JSD 6000 build contract

Oct 09, 2015

London-listed oil and gas industry service provider Petrofac is facing legal action from a Chinese yard after terminating a construction contract for its newbuild JSD 6000 deepwater multi-purpose offshore vessel. Petrofac says the termination…

MacGregor lands Chinese AHTS deal

Oct 08, 2015

MacGregor entered into an agreement with Guangzhou Shunhai Shipyard to deliver anchor handling winch packages for five 48m anchor handling tug supply (AHTS) vessels. Each will have a 75-tonne bollard pull and one 40m AHTS vessel with a 70-tonne bollard pull…

Caribbean FLNG time-lapse

Oct 05, 2015

In this video, EXMAR shows a time-lapse video of the construction of the Caribbean FLNG at Wilson Shipyard, located in Nantong China. In EXMAR's 2Q 2015 report, the company revealed that pre-commissioning of the Caribbean FLNG ws proceeded as planned for 3Q…

Primeline spuds East China Sea well

Sep 24, 2015

Primeline Energy Holdings spudded the LS23-1-1 exploration well on 23 September to tap into resources near its LS36-1 gas field production facility, in the East China Sea. Images from Primeline Energy…

ROC spuds second Bohai Bay well

Sep 23, 2015

ROC Oil commenced drilling operations the second of two planned exploration wells in the Bohai Bay basin, offshore China, according to joint venture partner AWE. Map of Block 09/05. From ROC. The…

Primeline mobilizes to East China Sea

Sep 18, 2015

Primeline Energy Holdings announced that its drilling contractor China Oilfield Service (COSL) started the mobilization of the rig for the drilling operation of LS23-1-1 well, in the East China Sea. Following the signing of the drilling…

Wood Mac: Few LNG project reductions

Sep 03, 2015

In a new global gas analysis, Wood Mackenzie remarks that despite the outlook for global LNG demand looking increasingly subdued, the number of LNG projects proposed to take a final investment decision (FID) in 2015 and 2016 has not reduced significantly…

Fluor, COOEC form fabrication JV

Aug 20, 2015

Image: Zhuhai skidway and assembly yard/Fluor Fluor Corp. and Offshore Oil Engineering Co. (COOEC) have formed a new joint venture, COOEC Fluor Heavy Industries Co., Ltd. (CFHI)…

Primeline lines up East China Sea drilling

Aug 19, 2015

Primeline Energy has entered into a turnkey drilling contract with China Oilfield Service Ltd. (COSL) for its 2015 exploration program of two wells in Block 33/07 in the East China Sea. Under the terms of the drilling contract, COSL has…

Aqualis wins Chinese liftboat contract

Aug 05, 2015

Image from Aqualis Offshore Aqualis Offshore has been awarded a contracted by Mekers Offshore Ltd. to supervise the construction of the Zhejiang-based company’s two new liftboats…

Tackling geopolitics and oil prices

Aug 01, 2015

A busy week for global news mid-July sent crude prices plummeting. The agreement between the Greek government and European financial ministers left a lingering uncertainty hanging over the Eurozone, with several high profile organizations remaining openly critical of it…

Boundary disputes: South China Sea

Aug 01, 2015

Offshore assets in the South China Sea are ripe for further development, but territorial challenges are common. Focusing on Vietnam, Jeannie Stell talks to Quynh Anh, partner at Mayer Brown, for an overview of the political conditions, contract…

COSL to drill for Primeline in East China Sea

Jul 27, 2015

Primeline Energy has contracted China Oilfield Service Co. (COSL) as drilling contractor for its Block 33/07 exploration program in the East China Sea. Primeline says the rig market has proved favorable with good availability of suitable rigs and competitive prices…

Shangdong, Northern deal goes ahead

Jul 16, 2015

The shareholders of Norwegian driller Northern Offshore approved a takeover deal by China's Shangdong Offshore. The acquisition will be done by amalgamation according to the law of Bermuda for US$0.96 per share, valuing Northern at $164…

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