Thursday, September 20, 2018

South China News

Saudi Aramco, Petronas tap Banks for Jumbo Financing

Saudi Aramco and Malaysia's Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size, banking sources familiar with the matter…

CNOOC Developing New Deep Sea Gas Block in South China Sea

China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday.The Lingshui 17-2 gas field is the first deep sea gas block fully operated by a Chinese company, Xinhua said citing CNOOC officials.The

Huisman Building Drilling System for CMHI

Photo: Huisman Equipment BV

This week, China Merchants Heavy Industries (CMHI) awarded Huisman a contract for the engineering and fabrication of a drilling system which will be integrated and installed on the moored drilling semi-submersible constructed at CMHI Haimen.This…

O&G Exploration in Chinese Waters Requires Beijing's Permission

China's Foreign Ministry said on Thursday that no country, organisation, company or individual can carry out oil and gas exploration or exploitation in Chinese waters without permission from Beijing.Ministry spokesman Lu Kang made the comment at a regular news briefing when asked about recent d

Rosneft: South China Sea Drilling is Within Vietnam Waters

(Photo: Rosneft)

Drilling in the South China Sea by Rosneft is within Vietnamese territorial waters, the Russian state oil firm said in a statement on Thursday, two days after its Vietnamese subsidiary began drilling in Vietnamese waters claimed by China.Rosneft's local unit, Rosneft Vietnam BV, is concerned th

Russia State Oil Firm Starts Drilling at New Well Offshore Vietnam

Photo: Rosneft

A unit of Russian state oil firm Rosneft, Rosneft Vietnam BV, has started drilling at a new production well in waters off the southern coast of Vietnam, the company said in a statement posted to its website on Tuesday.The drilling is significant for Vietnam…

STATS Group Earns the Subsea Pipeline Projects Award

(Photo: STATS Group)

Pipeline technology company, STATS Group, has been awarded the Subsea Pipeline Projects Award by the Pipeline Industries Guild, for its BISEP technology. STATS has invested significant capital in developing its subsea BISEP® technology,…

Aker Solutions to Supply Umbilicals for Liuhua FPSO

(Photo: Aker Solutions)

Aker Solutions said it has been contracted to deliver power umbilical systems to China National Offshore Oil Corporation's (CNOOC) Liuhua oil fields in the South China Sea, off Hong Kong.The order, which is said to be worth more than NOK 350 million ($36.6 million)…

U.S. Plans $113 mln in Indo-Pacific -Pompeo

The United States will invest $113 million in technology, energy and infrastructure initiatives in the Indo-Pacific as part of a new strategy to deepen ties with the region, U.S. Secretary of State Mike Pompeo said on Monday ahead of a trip to Singapore…

TechnipFMC Wins Subsea Contract Offshore China

TechnipFMC said it has been awarded a subsea contract by CNOOC Limited for the Liuhua 16-2, 20-2 and 21-2 Oilfield Joint Development Project in the South China Sea, at water depths ranging from 380 to 430 meters.The contract covers the engineering…

Phoenix Petroleum, CNOOC Partner for LNG Terminal

© Wojciech Wrzesien / Adobe Stock photo

Philippine fuel retailer Phoenix Petroleum said it had agreed to partner with a subsidiary of state-owned China National Offshore Oil Corp (CNOOC) to explore building a receiving terminal for liquefied natural gas in the country.The Philippines…

PXP Energy Eager to Resume South China Sea Drilling

Philippine oil and gas firm PXP Energy Corp expressed eagerness on Thursday to resume exploration in the disputed South China Sea and said any joint venture development would likely involve a Chinese company. Chairman Manuel Pangilinan told…

Drilling Ship Leaves Vietnam Block after China Row

The drilling ship at the centre of a row between Vietnam and China over oil prospecting in disputed waters in the South China Sea has arrived in waters off the Malaysian port of Labuan, shipping data in Thomson Reuters Eikon showed on Monday.

CNPC, Guangdong Ink Deal on S. China Sea Methane Hydrate

China's Ministry of Land and Resources, state energy giant China National Petroleum Corp (CNPC) and Guangdong province have agreed to build a pilot methane hydrate project in the South China Sea, CNPC said its website on Monday. The trial prospecting of the deep-sea gas resource…

Philippines, China to Explore for Oil & Gas Near Disputed Waters

The Philippines said on Thursday it was pursuing a long-delayed oil and gas exploration project with Chinese state-owned entity CNOOC Ltd and a Canada-listed company in an area near disputed waters in the South China Sea. Energy Secretary…

Fugro Returns to China for Gas Hydrate Research

Fugro Voyager (Photo: Fugro)

Dutch survey and geotechnical services firm Fugro said it has been awarded a contract by China’s Guangzhou Marine Geological Survey (GMGS) to perform gas hydrate investigation on the Northern Continental Slope of the South China Sea. The…

Philippines, China Mull South China Sea Energy Cooperation

The Philippines on Friday identified two areas in South China Sea where joint exploration for oil and gas may be undertaken with China, including one in territory that both sides have argued over for years. The two countries have agreed…

China Says to Have "Prudent" Oil Exploration with Philippines

© Anton Balazh / Adobe Stock

China will prudently advance cooperation with the Philippines on joint oil and gas exploration in the South China Sea, China's top diplomat State Councillor Wang Yi said on Wednesday after meeting his Philippine counterpart. Any potential…

Vietnam Scraps South China Sea Oil Drilling Project

Vietnam's state oil firm PetroVietnam has ordered Spanish energy firm Repsol to suspend its "Red Emperor" project off the country's southeastern coast following pressure from China, the BBC reported on Friday. It would be the second time…

Philippines Eyes Exploration Deal with China in S.China Sea

© Regormark / Adobe Stock

The Philippines is looking to seal a pact with China within a few months to jointly explore for oil and gas in a part of the busy South China Sea waterway claimed by both countries, a Philippine official said on Monday. In February, the…