China

COSL launches South China Sea-bound semisub drilling rig

Submitted by Paddy Harris on 19th November 2014

19th November 2014

COSL launches South China Sea-bound semisub drilling rig

China Oilfield Services Limited (COSL) has announced the successful delivery of the deepwater semi-submersible drilling rig COSLProspector, commissioned and built in Yantai, Shandong

CNOOC strikes pay at Lufeng14-4 in the South China Sea

Submitted by Paddy Harris on 19th November 2014

19th November 2014

CNOOC strikes pay at Lufeng14-4 in the South China Sea

CNOOC has made a mid-sized new discovery Lufeng14-4 in the Eastern South China Sea

RH Petrogas spuds first of 15 development wells in the Fuyu 1 Block onshore China

Submitted by Paddy Harris on 17th November 2014

17th November 2014

RH Petrogas spuds first of 15 development wells in the Fuyu 1 Block onshore China

RH Petrogas has commenced the drilling of its first development well at Fuyu 1 Block, Jilin Province, China

Fosun closes Roc Oil acquisition and completes entry into oil and gas sector

Submitted by Paddy Harris on 17th November 2014

17th November 2014

Fosun closes Roc Oil acquisition and completes entry into oil and gas sector

Fosun International has announced that its wholly-owned subsidiary Transcendent Resources has closed the acquisition of Roc Oil Company last Friday, one of Australia's leading independent upstream oil and gas companies, by acquiring 92.6 per cent of Roc’s outstanding share capital.

Honghua commits USD 150m to Sino-Mex Energy Fund following energy sector reform

Submitted by Paddy Harris on 13th November 2014

13th November 2014

Honghua commits USD 150m to Sino-Mex Energy Fund following energy sector reform

The Chinese driller has, through a wholly-owned subsidiary, invested USD 150m into the Sino-Mex Energy Fund to participate and profit from onshore and offshore oil and gas infrastructure projects

China-Russia ink Western Route agreement and discuss shadowy offshore accord

Submitted by Paddy Harris on 10th November 2014

10th November 2014

China-Russia ink Western Route framework agreement and discuss shadowy offshore accord

A framework agreement stipulating natural gas supply terms to China via Russia’s the Western Route pipeline transmission network was signed between CNPC and Gazprom in Beijing yesterday in the presence of Russian president Vladimir Putin and Chinese president Xi Jinping

Rosneft and CNPC sanction Tianjin refinery feasibility study

Submitted by Paddy Harris on 10th November 2014

10th November 2014

Rosneft and CNPC sanction Tianjin refinery feasibility study

The board of directors of the PetroChina-Rosneft Orient Petrochemical (Tianjin) Company (a joint venture of Rosneft and the Chinese National Petroleum Corporation (CNPC)) has endorsed a Feasibility Study (FS) for the project to construct the Tianjin refinery

COSL steamrollers on with South China Sea deepwater development

Submitted by Paddy Harris on 7th November 2014

07th November 2014

COSL steamrollers on with South China Sea deepwater development

China Oilfield Services Limited (COSL) has seen its semi-submersible drilling rig NH9 complete drilling operations at its first 1,000-metre deepwater well offshore China

Does China’s offshore oil and gas industry still need Western technology?

Submitted by Paddy Harris on 5th November 2014

05th November 2014

Does China’s offshore oil and gas industry still need Western technology?

Offshore deepwater production from fields within China’s territorial waters is growing exponentially and state players like CNOOC and CNPC want to go it alone without kowtowing to Western IOCs – but is this the end of European and North American involvement offshore China?

Brightoil eyes further Bohai Bay and Pearl River acreage

Submitted by Paddy Harris on 4th November 2014

04th November 2014

Brightoil eyes further Bohai Bay and Pearl River acreage

Brightoil Petroleum is planning to submit a formal bid to acquire all the issued shares of Newfield Global, which holds a 12 per cent interest in Bohai Bay Block 05/36 and a 49 per cent interest in Pearl River Block 16/05