China News

 

Oil Drops but Still Set for Biggest Monthly Gain in Years

May 29, 2020

Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea, and a worsening in U.S.- China relations, but were still on track for a hefty monthly gain.July Brent crude fell 72 cents…

China, India Soak Up Oil from Floating Storage as Demand Picks Up

May 28, 2020

The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analysts said. A total of 3.4 million tonnes (24.8 million barrels) of crude oil was discharged…

CNOOC Starts Production from Penglai Oilfield Project

May 22, 2020

China's CNOOC said Thursday that Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project had started production.The Penglai 19-3/19-9 oilfields are located in Bohai Bay with an average water depth of approximately 28 meters…

U.S. Tops List of Most Attractive Countries for Renewables Investments. Overtakes China

May 19, 2020

The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy sector is expected to bounce back quickly despite the coronavirus pandemic, research showed on Tuesday.In…

Chinese Survey Ship Leaves Malaysian Waters After Standoff

May 15, 2020

A Chinese survey ship that had been involved in a month-long standoff with a Malaysian oil exploration vessel in the South China Sea has left Malaysia’s exclusive economic zone (EEZ), shipping data showed on Friday.Since mid-April, the Haiyang Dizhi 8 had been surveying in the EEZ…

VIDEO: SBM Offshore's Liza Unity FPSO Moves to Dry Dock

May 15, 2020

SBM Offshore, the Netherlands-based FPSO supplier, has shared a video of its Liza Unity FPSO Hull going into the dry dock in Singapore.The hull was ordered on speculation in 2017 as the first of what are now five hulls being built as part of SBM Offshore's Fast4Ward standardized-FPSO-hull program…

LOC to Provide MWS for Chinese Offshore Wind Farm Project

May 12, 2020

LOC has won a contract to provide Marine Warranty Services (MWS) to support transport and installation operations for the development of the Jieyang II windfarm. The Jieyang II windfarm will consists of 64 wind turbines, with an installed capacity of 350MW…

United Wind Logistics' New Deck Carrier Delivered in China

May 11, 2020

Germany's United Wind Logistics has taken delivery the MV BoldWind deck carrier which will be used to transport turbines for offshore wind farms.MV BoldWind, delivered by Jiangsu Zhenjiang shipyard in China, will start her maiden voyage towards Europe…

SWS Shipyard Delivers Two Platform Suppliers for COSL

May 11, 2020

Shanghai-based SWS shipyard has delivered two newbuild platform supply vessels to Sinoocean.The vessels the 'Guo Hai Min Xing' and the 'Guo Hai Min Sheng' -  both of the ULSTEIN PX121 design - are operating for COSL – China Oilfield Services Limited…

SWS Delivers Newbuild Jack-Up Rig to Northern Offshore

May 08, 2020

China's Shanghai Waigaoqiao Shipbuilding has this month delivered the newbuild jack-up Energy Edge to its owner Northern Offshore.The delivery of the CJ-50 design jack-up drilling unit took place in Shanghai on May 2.According to previous reports…

CNOOC Cuts 2020 Output, Spending Plans

Apr 29, 2020

CNOOC Ltd on Wednesday lowered its 2020 oil and gas production and capital spending, China's state offshore oil and gas producer said.It cut its capital spending target by 10 billion yuan ($1.41 billion) to a range of 75-85 billion, CNOOC said…

Malaysia Calls for Peaceful End to South China Sea Standoff

Apr 23, 2020

Malaysia called on Thursday for disputes over the South China Sea to be resolved by peaceful means, amid a standoff between Chinese and Malaysian vessels that a U.S. think tank said had been going on for months.U.S. and Australian warships arrived…

Qatar Books Chinese Shipyard Capacity in LNG Carrier Fleet Expansion Push

Apr 22, 2020

Qatari state-owned oil and gas company Qatar Petroleum has signed a deal to reserve LNG ship construction capacity in China in a deal potentially worth more than $3 billion.QP said that the reserved LNG carrier construction capacity would be used for QP’s future LNG carrier fleet requirements…

Australia Joins U.S. Ships in South China Sea Amid Rising Tension

Apr 22, 2020

An Australian frigate has joined three U.S. warships in the South China Sea near an area where a Chinese vessel is suspected to be exploring for oil, near waters also claimed by Vietnam and Malaysia, officials said on Wednesday.The warships…

Two U.S. Warships in South China Sea Amid China-Malaysia Standoff

Apr 21, 2020

Two U.S. warships are operating in the South China Sea, the Navy said on Tuesday, with three regional security sources saying they were near an area of a standoff between China and Malaysia.The Haiyang Dizhi 8, a Chinese government research ship…

Current News

Subsea 7 Expects 2021 Results to be Adversely Impacted by Virus, But Forecasts Rise in Revenue

Subsea 7 Expects 2021 Results to be Adversely Impacted by Virus, But Forecasts Rise in Revenue

Saipem CEO: "2021 is certainly not a back to normal year"

Saipem CEO: "2021 is certainly not a back to normal year"

Norway Launches Consultation on Offshore Licensing Round with 84 New Blocks

Norway Launches Consultation on Offshore Licensing Round with 84 New Blocks

Borssele V Offshore Wind Farm Innovation Site Fully Built

Borssele V Offshore Wind Farm Innovation Site Fully Built

Subscribe for OE Digital E‑News

Offshore Engineer Magazine