China News

 

AWE acquires interest in China block as drilling begins

Aug 14, 2014

Australian company AWE Ltd. and ROC Oil Company signed a farm-in agreement for AWE to acquire 40% working interest in Block 09/05, Bohai basin, offshore China. Map of Block 09/05. Image from ROC Under the terms of the farm-in agreement…

Teekay inks accommodation unit

Aug 11, 2014

Teekay Offshore Partners have exercised the first of six options to build another floating accommodation unit (FAU) based on the cylindrical Sevan design at the Cosco Shipyard, Nantong, China. The new FAU is scheduled for delivery in Q3 2016…

Fosun to buy Roc Oil for US$441 million

Aug 08, 2014

Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…

SKF selected for first international order

Aug 06, 2014

SKF has been selected to deliver Nautilus bearings for Dongfang Electric New Energy Equipment (Hangzhou) Co Ltd.’s first order of wind turbines outside China. Dongfang Electric New Energy Equipment is a leading manufacturer of wind turbines to a broad range of customers in China…

Sinopacific enters Mexican market

Aug 06, 2014

Sinopacific Shipbuilding Group has been contracted by Mexican shipping company Naviera Petrolera Integral to construct three SPP17A offshore support vessels (OSV), marking the Chinese company’s first foray into the Mexican market. The vessels…

Making time

Aug 04, 2014

Loading rock on to the Flintstone at Shenzhen, mainland China. Photo from Tideway. Fast local sourcing and past experience helped Tideway turnaround a Chinese rock placement project in quick time…

BGP completes 3D seismic project offshore Gabon

Aug 01, 2014

China’s BGP Pioneer completed Perenco Oil & Gas Gabon 3D seismic acquisition project of approximately 1500sq km offshore Gabon. The project included undershoot operations between platforms and was to be run in water depth varying between depth between 15 to 55m…

Colloquy: Marine noise

Aug 01, 2014

Underwater noise is recognized as an adverse environmental stress and must be addressed in environmental impact assessments (EIAs). Companies have stepped forward with 3D acoustic modeling and measurement systems as countries develop…

Big gets bigger - and more capable

Aug 01, 2014

Frank Verhoeven  Boskalis is eyeing an increasing role in offshore oil and gas and renewables projects—including the potential to dry dock floating production vessels at sea. Elaine Maslin found out more…

CNOOC begins Panyu 10-2/5/8 production

Jul 31, 2014

CNOOC Ltd. commenced production at its Panyu 10-2/5/8 project in the Pearl River Mouth Basin in the South China Sea, the company announced on 31 July 2014. This project includes three oilfields – the Panyu 10-2, Panyu 10-5 and Panyu 10-8 – with an average water depth of 100m…

Indonesia orders world's first CNG carrier

Jul 31, 2014

Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN) has contracted with Qingdao Wuchuan Heavy Industry’s shipyard in northern China to build the world's first compressed natural gas (CNG) carrier…

Lishui 36-1 gas field begins production

Jul 29, 2014

Hong Kong-based CNOOC Ltd. announced the Lishui 36-1 gas field began production. The Lishui 36-1 gas field is located 150km from Wenzhou city Zhejiang province, with an average water depth of approximately 84m. The gas field has four producing wells…

Cosco jackup delivered

Jul 24, 2014

Singapore's Cosco announced on 23 July that the Cosco (Nantong) Shipyard, delivered jackup Kai Xuan Yi Hao to an unamed Asian buyer. The jackup, which measures 66.71m in length of all and is 67.06m wide, can operate at water depths of…

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)…

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