Liuhua News

CNOOC Seeks to Raise $5.4B to Fund Key Oil and Gas Projects

Sep 27, 2021

China's state-run offshore oil and gas major CNOOC Ltd said it plans to raise up to 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects.The domestic fund-raising plan came as U…

CNOOC Brings Another Bohai Sea Field Online

Aug 26, 2021

Chinese national offshore oil and gas company CNOOC has started production from its Bozhong 26-3 oil field expansion project in the south of Bohai Sea, The field is located in an area with an average water depth of around 21 meters. 'In addition to fully utilizing the existing processing facilities…

China's CNOOC Dives into Uncharted Deep Waters in Bold Gas Pivot

Jul 09, 2021

When the first gas from CNOOC Ltd's new ultra-deep field in the South China Sea started flowing in late June to the world's largest customized floating platform 1,500 meters above the sea bed, it marked a key phase in China's gas drive.For CNOOC…

FPSO Demand Booming: 10 Units Expected to Be Ordered in 2022

Jul 05, 2021

More FPSO contracts were awarded in the second quarter of 2021 than during the whole of 2020, with Rystad Energy expecting FPSO awards to reach a total of 10 units in 2021. Rystad has also noted muted interest from suppliers for some recent FPSO tenders…

Production Starts from Husky's Liuhua 29-1 Gas Field, Offshore China

Nov 02, 2020

Canadian oil and gas company Husky Energy and China's CNOOC have started gas production from the Liuhua 29-1 gas field, offshore China.The Liuhua 29-1 gas field is located in the eastern South China Sea, 86 kilometers northeast of Liwan 3-1 gas field…

Husky Energy Completes Liuhua 29-1 Gas Project Offshore China

Sep 30, 2020

Commissioning has been completed at the third field at the Liwan gas project offshore China, Canadian oil company Husky Energy has said.'As a result of strong cooperation between Husky and its long-time partner CNOOC, the seven-well Liuhua 29-1 project was completed safely…

CNOOC Starts Oil Production from Liaodong Bay Field

Sep 28, 2020

Chinese oil company CNOOC said Monday that the Jinzhou 25-1 oilfield 6/11 area in Liaodong Bay, China, had started production.Jinzhou 25-1 oilfield 6/11 area is located in central Liaodong Bay in Bohai with average water depth of 22.5 meters…

CNOOC Brings Online South China Sea Oil Project

Sep 21, 2020

Chinese national oil company CNOOC has produced the first oil from the Liuhua 16-2 oilfield / 20-2 oilfield joint development project.Liuhua 16-2 oilfield / 20-2 oilfield joint development project is located in the eastern South China Sea. The…

Husky Energy's Offshore Project in China Nears Completion

Sep 02, 2020

Canadian oil and gas company Husky Energy said Wednesday it was moving towards the startup of the Liuhua 29-1 field at the Liwan Gas Project, offshore China. Husky said that the tie-in of the Liuhua 29-1 field at the Liwan Gas Project was complete…

Husky Energy Delays Projects, Cuts Upstream Capex by $900M

Mar 13, 2020

Canadian oil and gas company has cut its CAPEX and production guidance for 2020 amid the volatile oil market environment. The cuts will be made in its upstream business with projects put on hold in China, Indonesia, and Canada.The company has slashed its 2020 capital program reduced by $900 million…

Ocean Installer Wins Subsea Cable Installation Job in China

Mar 10, 2020

Norway's offshore installation company Ocean Installer has won a deal to deliver and install a subsea power cable in China, as part of CNOOC Liuhua 16-2 oil field development in the South China Sea.In what is the company's second contract in China…

CNOOC to Drill 227 Exploration Wells in 2020

Jan 13, 2020

Chinese oil company CNOOC plans to drill 227 exploration wells in 2020 and has set aside up to around $13,8 billion for capital expenditures, CNOOC's highest annual Capex since 2014, according to Reuters.CNOOC said Monday that its targeted net…

CNOOC Earnings on the Rise

Aug 29, 2019

China's national offshore producer CNOOC Ltd reported a near 19% rise in first-half profit on Thursday, as higher sales of oil and gas offset weaker global oil prices.The listed arm of state-owned China National Offshore Oil Corp said that it…

FES Bags Multiple DBSC Orders

Aug 21, 2019

Fluid transfer systems provider FES International said it has secured four new orders to deliver is Diver Bend Stiffener Connectors (DBSCs) to projects across Asia, Africa and Europe.The 31 DBSCs will be supplied for projects taking place in the Johan Castberg field in the Barents Sea…

InterMoor Wins COOEC Contract

May 20, 2019

Mooring services, foundation solutions and offshore installations provider InterMoor said it has signed a contract with COOEC, a subsidiary of China National Offshore Oil Corporation (CNOOC), to install deepwater mooring systems for the Liuhua…

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