China News

 

COSLProspector delivered

Jan 13, 2015

The first new-build semisubmersible drilling rig incorporating Wood Group Mustang Norway's (WGMN's) GG5000 floating hull design has been delivered to COSL Drilling Europe (CDE). The COSLProspector was designed to operate in water depths up to 1500m (5000 feet) and drill wells up to 7600m (25…

McDermott completes Pemex compression module

Jan 07, 2015

McDermott International's Chinese joint venture Qingdao McDermott Wuchuan Offshore Engineering (QMW) completed a fast-track compression process module fabrication subcontract for Jord Oil & Gas Systems. The company is the prime contractor…

CNOOC in Qiongdongnan basin gas find

Jan 07, 2015

CNOOC encountered oil and gas at its deepwater Lingshui 25-1 prospect in the Qiongdongnan Basin in the South China Sea, the operator confirmed on 6 January 2015. The well was tested to produce about 35.6 MMcf/d of natural gas and 395 b/d of oil…

Ferguson Group unveils new HVAC system

Jan 06, 2015

The Ferguson Group has unveiled a new HVAC system for its workspace modules, which will protect workers from high temperatures and excessive humidity levels whilst offshore. The new HVAC system has been installed in the new workspace…

Husky begins production at Liuhua 34-2

Dec 15, 2014

Husky Energy began production at its Liuhua 34-2 gas field in the eastern South China Sea. The Liuhua 34-2 gas field is in a water depth range of 850-1250m. The gas field consists of one producing well and shares the existing facilities of Liwan 3-1 gas field for overall development…

Service during sanctions

Dec 09, 2014

For Western-based service companies whose products or personnel were at work in the waters off the Russia, projects that were already complex by virtue of the location became substantially more so with the recent Western sanctions against the Russian Federation…

CNOOC starts Panyu 34-1/35-1/35-2

Dec 01, 2014

CNOOC Ltd. began production at its Panyu 34-1/35-1/35-2 project in the South China Sea. Image from CNOOC.    Panyu 34-1/35-1/35-2 is located in the Pearl River Mouth basin in a water depth range of 195-338m…

OPEC sticks to its guns - oil price slides

Nov 28, 2014

Benchmark Brent crude plunged to a four-year low, below US$73 a barrel, yesterday (27 November) after oil cartel OPEC chose to leave its 30MMbbl/d output target unchanged at its latest meeting in Vienna.  The move, led by Saudi Arabia…

CNOOC begins oil production at Huizhou-Xijiang

Nov 24, 2014

China National Offshore Oil Co. (CNOOC) has begun production from the Huizhou 25-8 oilfield and Xijiang 24-3 oilfield in the South China Sea, known as the Xijiang 24-1 District joint development project.   Xijiang 24-3 facility…

Caribbean FLNG undocks in China

Nov 19, 2014

The Caribbean floating liquefaction and storage (FLNG) facility undocked from the Wison Offshore & Marine dry dock in Nantong, China. Wison Offshore & Marine dry dock. From Wison.   Wison…

CNOOC hits more pay off China

Nov 19, 2014

CNOOC Ltd. encountered a new mid-sized discovery at the Lufeng14-4 structure in the eastern South China Sea. Pearl River Mouth basin activity. From CNOOC. Lufeng14-4 is located in Lufeng…

Fosun, Roc Oil deal nears completion

Nov 17, 2014

Fosun International subsidiary Transcendent Resources has almost completed its off-market takeover bid of Roc Oil. The Hong Kong-based Fosun announced that it has received acceptances of 92.595% of all existing Roc shares, which translates to 363…

Brightoil going after upstream expansion

Nov 04, 2014

Brightoil Petroleum Ltd. is preparing to submit a formal bid to acquire all the issued shares of Newfield Global Inc., which holds 12% interest in Bohai Bay Block 05/36 and 49% interest in Pearl River Block 16/05, offshore China. According to Newfield…

Frosty Relations

Nov 03, 2014

How much does Russia’s oil and gas industry stand to lose in light of increasing Western sanctions? Sarah Parker Musarra reports. In April 2014, the first oil produced from the Russian Arctic Shelf…

CNOOC makes new discovery in Bohai

Oct 24, 2014

CNOOC Ltd. made a new, “mid-to-large” discovery at Jinzhou 23-2 in Bohai, offshore China. The Jinzhou 23-2 structure is located in the north part of Liaodong Uplift of Bohai with an average water depth of about 10m. The well Jinzhou…

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