Norway's Aqualis ASA has won several new construction supervision, transportation & installation and marine warranty contracts in Asia. The total contract value is approximately US$11 million. Aqualis Offshore in Singapore has been awarded…
Following almost two decades of negotiation, Russia and China have agreed a deal to supply 38 billion cubic meters (bcm) per annum of gas from Gazprom's East Siberian fields into China via the Power of Siberia pipeline. Details on pricing…
Rosneft's President and Chairman of the Management Board Igor Sechin met with Fu Chengyu, Chairman of China Petroleum and Chemical Corp (Sinopec) in Beijing today, 15 May 2014. Rosneft reported that the parties discussed a wide range…
CIMC Raffles at Yantai delivered the jackup rig Gulf Driller No.1 to ship owner COSL, the company announced 10 May 2014. CIMC Raffles said the jackup is expected to set out for the Bohai gulf. The Super M2 jackup rig was designed by…
CNOOC Ltd began production at its 100%-owned Kenli 3-2 oilfields, the company announced on 12 May 2014. The Kenli 3-2 oilfields, located in the southern Bohai Sea at an average water depth of 20m, consists of Kenli 3-2, Bozhong 34-6/7…
Transparency Market Research has released a new market report titled 'Enhanced Oil Recovery (EOR) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2023,' that defines and segments the enhanced oil recovery…
COSCO subsidiary companies have picked up contracts to build four emergency response rescue field support vessels (ERRVs) and two platform supply vessels (PSVs). COSCO (Dalian) Shipyard Co. won the four- ERRV contract, from an Asian company…
China Oilfield Services Limited's newly purchased platform supply vessel HYSY613 has been delivered for operation and is expected to start work in the South China Sea mid-April. Another platform supply vessel of the same model that was…
Representatives from China National Petroleum Corp. and Shell met on 8 April 2014 to sign global cooperation agreements. CNPC Chairman Zhou Jiping met with Shell CEO Ben van Beurden in Beijing where the pair signed agreements covering both company's unconventional resources…
US rakes in $850million for lease sale The US Bureau of Ocean Energy Management (BOEM) received 380 bids for 326blocks in the central Gulf of Mexico, totaling more than US $850 million. Gulf of Mexico Lease Sale 231 attracted operators to bison almost 40 million acres…
Heerema Marine Contractors is planning a new semisubmersible crane vessel (NSCV), which, according to crane supplier Huisman, will have the world's largest cranes on board. At 214m-long and 97.5m-wide, the NSCV will become the world’s largest semi-submersible crane vessel…
Anadarko Petroleum Corp has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for US$1.075 billion. 'This transaction accelerates…
Belgium's Exmar and Canada's Pacific Rubiales Energy (PRE), through its wholly-owned affiliate Pacific Midstream Holding, announced the ordering of a barge-based floating LNG regasification unit under a 50/50 joint venture. The unit will…
FKAB China has won a design order from Shanghai Zhenhua Heavy Industry's (ZPMC) shipping arm for conversion of a 15-year-old afrmax tanker to a semisubmersible heavy lift vessel. After conversion, the heavy lift vessel will be able to transport container cranes…
Bourbon sells 12 additional vessels to ICBC Financial Leasing for US$378 million and concludes a new sale and bareboat charter agreement with Standard Chartered Bank for $150 million Bourbon announces the transfer of ownership of 12 vessels…
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