China National Offshore Oil Company (CNOOC) has awarded 16 billion yuan ($2.42 billion) worth of contracts to build 12 liquefied natural gas tankers, the largest of their kind in the country, the company said on Thursday.China is the world's largest buyer of the super-chilled gas…
China's CNOOC Ltd saw its stock surge as much as 44% in its Shanghai debut on Thursday in defiance of overall market weakness, as investors sought safety in the oil giant amid lofty energy prices and quickening inflation.The stock started trade 20% higher than its offering price…
Chinese oil giant CNOOC Ltd said on Monday it will raise 28.08 billion yuan ($4.41 billion) in a share listing in Shanghai, after setting the price for what will be mainland China's 11th-biggest public stock offering.Fundraising will be expanded to 32…
CNOOC, China's top offshore oil and gas producer, plans to raise 35 billion yuan ($5.5 billion) via a public share sale in Shanghai next month to fund oil and gas excavation as Beijing prioritises energy security amid rising geopolitical risks…
Oil prices rose on Tuesday, recovering some of the previous session's losses as Kazakhstan's supplies continued to be disrupted and major producers showed no sign of being in a hurry to boost output significantly.Brent crude LCOc1 rose $1.54…
Offshore engineering and construction company McDermott said Monday it had secured a mega offshore contract from QatarEnergy.Under the award, McDermott will be responsible for the delivery of engineering, procurement, construction, and installation…
Singapore-based shipbuilder Strategic Marine has won a new contract from Centus Marine for a 42m Fast Crew Boat (FCB).'The vessel will be the latest bespoke design FCB Strategic Marine delivers for Centus Marine, with two vessels successfully…
French engineering firm GTT has won an order from the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of four new LNG carriers.The LNG carriers will be built for the Japanese ship-owner Mitsui O.S.K. Lines (MOL)…
The Abu Dhabi National Oil Company (ADNOC) has awarded two engineering, procurement and construction (EPC) contracts totaling $1.46 billion (AED5.36 billion) for the Dalma Gas Development Project offshore Abu Dhabi.The Dalma field is part of…
Grandweld shipyard has won a contract with offshore support vessel firm Stanford Marine to build two 42-meter GrandSuperior crew boats with the keel-laying ceremony recently completed. These are Grandweld’s 11th and 12th vessels built for Stanford Marine…
CIMC Offshore Engineering Institute (CIMC OEI) has signed a memorandum of understanding with wave energy technology company Eco Wave Power.CIMC OEI is an engineering company that designs and builds offshore marine structures such as offshore drilling rigs…
Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch and low gas inventories.Price agency S&P Global Platts' Japan-Korea-Marker (JKM)…
French engineering company GTT has won orders from South Korean shipyards Hyundai Samho Heavy Industries (HSHI) and Daewoo Shipbuilding & Marine Engineering (DSME) to design tanks for two new LNG carriers.GTT will design the tanks of the vessels which will each offer a cargo capacity of 174…
Green Investment Group (GIG), part of Macquarie Group, has selected the UK-based engineering firm Offshore Design Engineering (ODE) as the Owner’s Engineer and Package Manager for its offshore wind farms in South Korea.Under the contract, ODE will manage a range of packages including foundations…
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