China's first fully-hydraulic mobile drilling rig integrated with automated wellhead tools, fast moving capability, fully hydraulic drive and compact structure, the KY720, has been developed by Kerui Group
In the past, massive market fluctuations would have provided state-backed oil and gas companies the chance to outmanoeuvre their private-investor dependent rivals and seize vulnerable assets, but wider economic and political factors have placed a straightjacket on national oil companies in the world’s fastest growing economies
Submitted by Editorial staff on 25th February 2015
25th February 2015
The Gazprom board of directors has approved the company’s strategy aimed at diversifying its export routes and increasing the Russian gas competitiveness
Submitted by Editorial staff on 24th February 2015
24th February 2015
Searcher Seismic has entered into a commercial marketing agreement with BGP that provides BGP with an exclusive right to market the Searcher multi-client 2D and 3D seismic library within China and receive commission fees on the sales of this data
China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts (PSCs) with South Korea’s SK Innovation Co., Ltd. (SK) for Blocks 04/20 and 17/03 in the South China Sea
On Friday 6 February 2015, Wuchang Shipbuilding Industry Co., Ltd., China, held a steel cutting ceremony for the first of four platform supply vessels of Ulstein’s PX121 design being built for Otto Offshore Limited
CNOOC Limited has announced its business strategy and development plan for the year 2015 in which it plans to cut capital expenditure by up to 35 per cent whilst boosting production levels
