China News

 

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)…

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…

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