Primeline Energy has entered into a turnkey drilling contract with China Oilfield Service Ltd. (COSL) for its 2015 exploration program of two wells in Block 33/07 in the East China Sea. Under the terms of the drilling contract, COSL has…
Image from Aqualis Offshore Aqualis Offshore has been awarded a contracted by Mekers Offshore Ltd. to supervise the construction of the Zhejiang-based company’s two new liftboats…
A busy week for global news mid-July sent crude prices plummeting. The agreement between the Greek government and European financial ministers left a lingering uncertainty hanging over the Eurozone, with several high profile organizations remaining openly critical of it…
Offshore assets in the South China Sea are ripe for further development, but territorial challenges are common. Focusing on Vietnam, Jeannie Stell talks to Quynh Anh, partner at Mayer Brown, for an overview of the political conditions, contract…
Primeline Energy has contracted China Oilfield Service Co. (COSL) as drilling contractor for its Block 33/07 exploration program in the East China Sea. Primeline says the rig market has proved favorable with good availability of suitable rigs and competitive prices…
The shareholders of Norwegian driller Northern Offshore approved a takeover deal by China's Shangdong Offshore. The acquisition will be done by amalgamation according to the law of Bermuda for US$0.96 per share, valuing Northern at $164…
Seismic vessels are the lifeblood of global offshore exploration efforts. Jeannie Stell searches for bright spots in the current global market of seismic vessel activity. The Sanco Sword. From Dolphin Geophysical…
MacGregor, part of Cargotec, has won contracts for its new lattice boom cranes (LBC) from Merkers Offshore, successfully negotiated and procured through Marine Commerce in Singapore. Four 20015-6045 LBC cranes will be installed on two…
CNOOC began production at its Bozhong 28/34 oilfields offshore China. The Bozhong 28/34 oilfields are located in Bohai Bay with an average water depth of approximately 22m. The project consists of three sub-projects, namely Bozhong 28-2S oilfields comprehensive adjustment project…
The Petrobras Lava Jato (Car Wash) scandal is hitting Asia this week, as the names of two Singaporean shipbuilders are coming back into play for allegedly being linked to one of the largest oil and gas bribery and corruption waves to hit South America…
Baoham Offshore (HK) Ltd. will acquire new vessels for its fleet, including a newbuild semisubmersible and liftboat, reports the American Bureau of Shipping. Baoham selected ABS to provide classification services for the newbuilds in China…
China National Offshore Oil Corp. (CNOOC) commenced production at the Dongfang1-1 gas field Phase I adjustment project ahead of schedule, in the South China Sea. Image from CNOOC. The…
About US$336 billion (€300 billion) could be spent in offshore wind capex over the next 10 years, with cumulative capacity surpassing 57GW. Douglas Westwood’s Rachel Stonehouse explains. Cumulative offshore wind capacity is forecast to reach 57GW by 2024…
China National Offshore Oil Corp. (CNOOC) discovered a mid-sized oil find at Liuhua 20-2 in the eastern South China Sea. Oil was found at the LH20-2-1 well, located at the Liuhua 20-2 structure in Northern Slope Belt of Baiyun Sag in…
Petróleo Brasileiro (Petrobras) confirms that it signed a US multi-billion dollar cooperation agreement with China Development Bank Corp. (CDB). Funding will be for years 2015 and 2016, which includes US$3.5 billion, already disbursed…