China News


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…

Yamal LNG progresses

May 23, 2014

OAO Yamal LNG closed on a contract to supply China National Petroleum Corporation (CNPC) 3mtpa LNG annually for 20 years from the Yamal LNG project in the Russian Arctic, according to Yamal LNG majority shareholder OAO Novatek. CNPC bought…

Aqualis wins Asian construction contracts

May 22, 2014

Norway's Aqualis ASA has won several new construction supervision, transportation & installation and marine warranty contracts in Asia. The total contract value is approximately US$11 million. Aqualis Offshore in Singapore has been awarded…

Russia-China deal opens up 'New Europe' for Gazprom

May 22, 2014

Following almost two decades of negotiation, Russia and China have agreed a deal to supply 38 billion cubic meters (bcm) per annum of gas from Gazprom's East Siberian fields into China via the Power of Siberia pipeline. Details on pricing…

Heads of Rosneft, Sinopec meet

May 15, 2014

Rosneft's President and Chairman of the Management Board Igor Sechin met with Fu Chengyu, Chairman of China Petroleum and Chemical Corp (Sinopec) in Beijing today, 15 May 2014. Rosneft reported that the parties discussed a wide range…

CIMC Raffles delivers Gulf Driller jackup

May 12, 2014

CIMC Raffles at Yantai delivered the jackup rig Gulf Driller No.1 to ship owner COSL, the company announced 10 May 2014.  CIMC Raffles said the jackup is expected to set out for the Bohai gulf. The Super M2 jackup rig was designed by…

CNOOC: Kenli 3-2 in production

May 12, 2014

CNOOC Ltd began production at its 100%-owned Kenli 3-2 oilfields, the company announced on 12 May 2014. The Kenli 3-2 oilfields, located in the southern Bohai Sea at an average water depth of 20m, consists of Kenli 3-2, Bozhong 34-6/7…

EOR market to pass US$500B by 2023

Apr 24, 2014

Transparency Market Research has released a new market report titled 'Enhanced Oil Recovery (EOR) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2023,' that defines and segments the enhanced oil recovery…

COSCO wins multi-vessel orders

Apr 22, 2014

COSCO subsidiary companies have picked up contracts to build four emergency response rescue field support vessels (ERRVs) and two platform supply vessels (PSVs).  COSCO (Dalian) Shipyard Co. won the four- ERRV contract, from an Asian company…

COSL increases PSV fleet

Apr 10, 2014

China Oilfield Services Limited's newly purchased platform supply vessel HYSY613 has been delivered for operation and is expected to start work in the South China Sea mid-April. Another platform supply vessel of the same model that was…

Shell, CNPC sign global agreements

Apr 09, 2014

Representatives from China National Petroleum Corp. and Shell met on 8 April 2014 to sign global cooperation agreements. CNPC Chairman Zhou Jiping met with Shell CEO Ben van Beurden in Beijing where the pair signed agreements covering both company's unconventional resources…

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