China News

 

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…

U.S. Tells China to Stop 'Bullying Behavior' in South China Sea

Apr 20, 2020

The United States called on China on Saturday to stop 'bullying behavior' in the South China Sea and said it was concerned by reports of Beijing's 'provocative actions' aimed at offshore oil and gas developments in the disputed waters.Three…

Chinese, Malaysian Offshore Oil Vessels in South China Sea Standoff

Apr 17, 2020

A Chinese government survey ship is tagging an exploration vessel operated by Malaysia's state oil company Petronas in disputed waters in the South China Sea, three regional security sources said on Friday.China's Haiyang Dizhi 8 entered waters near Malaysia on Thursday…

Chinese Seismic Vessel Seen Moving Near Malaysia Amid Rising South China Sea Tensions

Apr 16, 2020

A Chinese government survey ship embroiled in a standoff with Vietnamese vessels moved south near Malaysia, shipping data showed Thursday, amid accusations that China is using the pandemic to assert its presence in the South China Sea.The Haiyang Dizhi 8 was spotted off Vietnam this week…

Energean FPSO Hull Reaches Singapore. Yard Closed Due To COVID-19

Apr 15, 2020

The Mediterranean-focused oil and gas company Energean has said that the hull of its Energean Power FPSO has reached Singapore.The China-built hull is expected to be fitted with the topside modules built in Singapore at the Sembcorp Yard, before setting sail to the Karish offshore field in Israel…

Alfa Laval Nets Framo Pump Contracts in China, Singapore

Apr 14, 2020

Swedish company Alfa Laval has said it has won two large orders in the offshore industry space from clients in China and Singapore.Under the orders, of a combined value of around SEK 170 million (USD 17 million), Alfa Laval will deliver  Framo…

Dyna-Mac, China Merchants Heavy Industry Form JV Firm

Apr 09, 2020

Singapore-based FPSO module specialist Dyna-Mac and China's offshore equipment and vessel builder China Merchants Heavy Industry Holdings (CMHIH) have entered into a joint venture deal.Under the agreement, the two companies will create the DM-CMHI Heavy Industry company in China…

Energean Ups Israeli Offshore Field Size Estimate

Apr 09, 2020

Eastern Mediterranean-focused gas group Energean said on Thursday a report showed its Karish North field contained around a third more gas and oil than it had previously thought.The Karish North field, according to an expert report typically used in the industry…

CNOOC to Trim 2020 Spending by Up To 15%

Apr 08, 2020

China National Offshore Oil Corp (CNOOC) will trim annual investment by 10% to 15% in 2020, while maintaining its goal of increasing domestic crude oil and natural gas production for the year, the company said in a statement on Wednesday.CNOOC Ltd…

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