China News

 

Wärtsilä, CSCC establish joint venture

Jul 18, 2014

Wärtsilä and China State Shipbuilding Corporation (CSSC) signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines. The CSSC Wärtsilä Engine (Shanghai) Co. Ltd factory will be located at Lingang…

Kongsberg secures Chinese contracts

Jul 18, 2014

Kongsberg Maritime’s ‘Full Picture’ solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of NOK330 million. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC)…

Wison-WorleyParsons eye Asian FLNG

Jul 17, 2014

Australia-head quartered WorleyParsons has agreed a memorandum of understanding (MOU) with Wison Offshore & Marine to jointly work on ship-shaped floating LNG (FLNG), FPSO and other similar offshore oil and gas projects, targeting Australasia…

South China Sea oil find

Jul 16, 2014

China National Petroleum Corporation (CNPC) found hydrocarbons on the Zhongjannan exploration project, off the Paracel or Xisha Islands, in the South China, the firm announced.  Drilling, using the 2011-delivered, deepwater, HYSY-981…

Vroon orders 2 more PSVs

Jul 11, 2014

COSCO (Guang Dong) Shipyard Co. is going to build a further two platform supply vessels of the ULSTEIN PX121 design for Vroon Offshore Services, the Netherlands. Ulstein has entered into an agreement with COSCO on delivering ship design…

Proppant market forecast, 2014 - 2024

Jul 08, 2014

Continual expansion of unconventional oil and gas development seen over the next decade - most notably in the US, but also around the globe - will necessitate steadily increasing proppant sales over the next 10 years. In the US, proppant…

Stanford Mustang delivered

Jul 02, 2014

Stanford Marine announced that its news anchor handling tug, the Stanford Mustang, has been delivered. The Stanford Mustang, a 50m DP2 tug, was specially designed to handle a specific charter in Qatar and was built at Fujian Mawei shipyard in Fuzhou…

Kvaerner and COOEC join forces

Jul 02, 2014

Norway's Kvaerner and China Offshore Oil Engineering Co. (COOEC) have officially opened an engineering joint venture, Kvaerner COOEC Engineering & Technology (KCET), in Qingdao, Shandong, China.  KCET will carry out and further develop…

Nam Cheong secures AWB contract

Jun 23, 2014

Nam Cheong Ltd a global offshore marine company and Malaysia’s largest Offshore Support Vessel (OSV) builder announced today that it has sold two accommodation work barges (AWB) worth approximately US$84 million. The barges were sold to Perdana Petroleum Berhad…

CNOOC signs PSC with Eni

Jun 20, 2014

China National Offshore Oil Corporation (CNOOC) announced today that it has signed a production sharing contract (PSC) with Eni for Block 50/34 in the South China Sea. Block 50/34 encompasses an area of 2000sq km in the Qiongdongnan Basin of offshore Hainan Island…

BP, CNOOC sign 20-year LNG deal

Jun 17, 2014

BP and the China National Offshore Oil Corp. (CNOOC) signed a heads of agreement regarding the supply of up to 1.5MTPA of liquefied natural gas (LNG) over 20 years starting in 2019, the supermajor announced on 17 June 2014.  The agreement…

Moving forward from automation awareness

Jun 16, 2014

Awareness is a very big word circulating around the industry these days. Awareness about automation. Things like Big Data. More awareness about safety. And a new-found enlightenment about security. With all the changes, and fears, this awareness brings…

FTSI signs JV with Sinopec for hydraulic fracturing

Jun 10, 2014

FTS International, based in Ft. Worth, Texas, announced today that it has signed a 15-year joint venture agreement with Sinopec Group to bring its well stimulation capabilities and expertise to China. Hydraulic fracturing is recognized as one of the keys to unlocking production in shales…

Deep Sea Supply buys 10 PSVs

Jun 02, 2014

Deep Sea Supply has agreed a deal to buy 10 platform support vessels (PSVs) for US$366 million.  The move will increase the firm's fleet from 30 to 40 vessels. Deep Sea Supply says the 10 PSVs will achieve attractive cash break even rates…

4 newbuild orders for ASL

May 30, 2014

Singapore-based ASL Marine Holdings has won new shipbuilding contracts worth about S$91 million for the construction of three infield support vessels (of ART 100-42 class Rotor Tugs design) and one seismic support vessel (SSV). The…

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