China News

 

Contract awarded for Huisman wind-farm crane

Aug 27, 2013

Huisman has secured a contract for the delivery of a 1,500mt @ 32m “leg-encircling crane” for Seajacks new offshore wind farm installation vessel, Scylla. The contract for the 1,500mt crane was awarded to Huisman by the South Korean shipyard Samsung Heavy Industries…

ABB to power Sevan vessels

Aug 20, 2013

ABB has won an order to provide integrated solutions that include the electrical propulsion system, Azipod® CZ and automation system onboard two offshore accommodation vessels. The 1+1 ccommodation vessels will be built by COSCO (Nantong) ShipyardCo…

Fugro and COSL sign JV extension

Aug 07, 2013

On 23 August 2013, when the recently signed ten-year extension comes into effect, Fugro will enter the fourth decade of the successful joint venture with China Oilfield Services Ltd (COSL). The joint venture, named China Offshore Fugro Geosolutions (COFG) in which Fugro holds 50%…

Shell, CNOOC sign third PSC

Aug 02, 2013

China National Offshore Oil Corp. (CNOOC) signed production sharing contract (PSC) with Shell China Exploration and Production for Block 35/10 in Yinggehai Basin, west of the Hainan Island, China, in the South China Sea. Block 35/10 covers a total area of 3…

COSCO updates newbuild activity

Aug 02, 2013

COSCO Corp. Ltd. has been active completing vessels and signing new construction contracts. The company announced that COSCO (Qidong) Shipyard Co., Ltd has delivered the jackup barge, IB914, and the transportation barge, IB924, to an Australian company…

MAN Diesel & Turbo win LNG contract

Jul 17, 2013

MAN Diesel & Turbo won the contract to supply the engines for six Chinese LNG carriers (LNGCs). The order for the 30 × MAN 51/60DF dual-fuel engines is a significant development for both Chinese shipyards as well as the LNGC market. The…

Aker wins mooring system supply

Jul 17, 2013

Aker Solutions won a contract to supply a complete Pusnes wire mooring system for a cylindrical-shaped accommodation unit being built at Cosco Nantong Shipyard in China. The equipment includes three triple wire winches, three control cabins…

BP, CNOOC sign new PSC

Jul 16, 2013

BP and China National Offshore Oil Corp. (CNOOC) Ltd. signed a production sharing agreement for Block 54/11 in the South China Sea, the two companies confirmed on July 16. The block covers 4586sq km in water depths ranging from 370-2300m…

GE to deliver Chinese LNG carriers

Jul 11, 2013

Hudong-Zhonghua Shipbuilding Group, part of the China State Shipbuilding Corporation, was awarded a contract from GE for the supply of power and propulsion systems for six LNG carriers that it will build in its shipyard in Shanghai for major Asian shipping companies…

CNOOC strikes PSC with PetroBroad

Jul 08, 2013

China National Offshore Oil Corporation (CNOOC) signed a production sharing contract (PSC) with PetroBroad Copower Ltd. (PetroBroad Copower) for Block 28/03 in Pearl River Mouth Basin. Block 28/03 is located in Pearl River Mouth Basin in the east part of the South China Sea…

ABB wins Western Isles FPSO contract

Jun 28, 2013

ABB has been awarded a US$20 million contract to provide power and automation technologies to a floating production, storage and offloading vessel (FPSO). The unit is being built to Sevan Marine's cylindrical design at Chinese shipyard COSCO Nantong for Dana Petroleum…

MacGregor wins Bourbon crane contract

Jun 27, 2013

MacGregor, part of Cargotec, has won an order for a 150-tonne active heave-compensated (AHC) subsea crane from leading offshore oil & gas marine services specialist, Bourbon. This builds on a contract that was secured at the end of 2007 from the operator for ten similar cranes…

Sinopec buys into BP's PSVM

Jun 26, 2013

Marathon Oil has agreed to sell its 10% working interest in Block 31, off Angola to China Petrochemical Corp. (Sinopec) for US $1.5 billion.. The companies anticipate closing 4Q 2013, with an effective date of January 1, 2013. The transaction will bring Sinopec’s stake in Block 31 to 15%…

Dalian wins Seadrill jackup order

Jun 20, 2013

Seadrill Ltd signed new contracts for the construction of two high specification jackup drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China.  The newbuild rigs are scheduled for delivery during 4Q 2015 and 1Q 2016…

The Future of Solutions

Jun 18, 2013

Since the 1980’s, the Norwegian subsea industry has evolved to become a world-leading supplier of underwater equipment and technology. Oil and gas production across the world happens in ever deeper water, and the wells are increasingly complicated to operate…

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