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China Energy News

 

CNOOC Brings Online South China Sea Oil Project

Sep 21, 2020

Chinese national oil company CNOOC has produced the first oil from the Liuhua 16-2 oilfield / 20-2 oilfield joint development project.Liuhua 16-2 oilfield / 20-2 oilfield joint development project is located in the eastern South China Sea. The average water depth of the joint development project is approximately 410 meters.  The development includes one newbuild 150,000 DWT FPSO and three underwater production systems…

Chinese Oil Firm CNOOC Brings Online Its First Offshore Wind Project

Sep 15, 2020

Chinese offshore oil company CNOOC has said that its first offshore wind project has started producing electricity. The company said Tuesday that its offshore wind power project had connected to the grid and begun to generate power. The 300MW…

CNOOC Brings Online Bohai Bay Oil Field

Sep 11, 2020

Chinese oil company CNOOC announced Friday the start of oil production from the Nanbao 35-2 oil field S1 area in the Bohai Bay, off China.Nanbao 35-2 oilfield S1 area is located in the central Bohai with average water depth of 17 meters. 'In…

Yinson Orders TMC Compressors for Anna Nery FPSO

Sep 07, 2020

Malaysian FPSO provider Yinson has ordered a large marine compressed air system from TMC for the FPSO Anna Nery, which currently under construction in China, and destined for Petrobras' Marlim revitalization project in Brazil.TMC's compressed…

VIDEO: Huisman's Giant Sykhook Crane Lifts Offshore Wind Monopiles

Sep 04, 2020

Dutch crane specialist Huisman has lifted the first batch of offshore wind monopiles with its 2,600mt Skyhook quayside crane at its facility in China. The monopiles with a length of approximately 100m have a weight of approx. 1,700mt excluding rigging…

Husky Energy's Offshore Project in China Nears Completion

Sep 02, 2020

Canadian oil and gas company Husky Energy said Wednesday it was moving towards the startup of the Liuhua 29-1 field at the Liwan Gas Project, offshore China. Husky said that the tie-in of the Liuhua 29-1 field at the Liwan Gas Project was complete…

CNOOC 1H Profit Slumps on Virus-hit Demand, Low Oil Prices

Aug 19, 2020

China's national offshore oil and gas producer CNOOC Ltd said first-half profit slumped by nearly two-thirds to the lowest since December 2017, as the coronavirus pandemic battered energy demand and sent oil prices to historical lows.The listed…

AqualisBraemar to Oversee Construction of Offshore Wind Vessels in China

Aug 13, 2020

Offshore energy consultancy AqualisBraemar will oversee the construction of two self-elevating wind turbine installation vessels in China.The jack-up units will be constructed at Chinese shipyard Dayang Offshore Equipment. The vessels will be built for OuYang Offshore Co…

China's Crude Imports Surged 25% in July

Aug 07, 2020

China's crude imports surged 25% in July from a year earlier, as massive purchases made while prices collapsed in April arrived and as some shipments delayed at ports in June finally cleared customs.China, the world's top crude oil importer…

OHT Enters Offshore Wind Turbine Installation Business

Jul 30, 2020

Offshore Heavy Transport (OHT), a company specializing in, well, offshore heavy transport, has decided to diversify its offering and dive into the offshore wind turbine generator installation business.OHT said Thursday it had entered into a…

U.S. Crude Floods into Asia, but It's a Short-Term Blip

Jul 28, 2020

Asia will import record volumes of U.S. crude oil this month, with China leading the way, but the surge is more likely a short-term blip rather than a sustained trend. A total of 57.7 million barrels of U.S. crude is expected to land in Asia in July…

China Starts Construction of Southern Part of China-Russia East Gas Pipeline

Jul 28, 2020

Construction has started on the southern portion of the China-Russia East natural gas pipeline, which carries supplies from the Power of Siberia system in Russia, China Oil & Gas Piping Network Corp (PipeChina) in a statement on Tuesday.This…

China's Surging Crude Imports Mask Weakness in the Rest of Asia

Jul 27, 2020

The ongoing flood of crude oil into China is obscuring the fact that demand in the rest of Asia remains weak, and that countries in the world's top-consuming region didn't join China is stocking up when prices slumped.China's crude imports set consecutive records in May and June…

TAS Terminates Shipbuilding Deals for 16 Offshore Vessels

Jul 24, 2020

Malaysian offshore vessel operator TAS Offshore has canceled shipbuilding contracts for 16 offshore support vessels.The company had signed the contracts in the 2013-2015 period with two Chinese shipbuilders Guangzhou Hangtong Shipbuilding and Shipping Co…

PipeChina to Buy $56B Worth of Pipelines

Jul 24, 2020

China took a major step in the reform of its national oil and gas pipeline network, with newly formed PipeChina agreeing to buy pipelines and storage facilities valued at 391.4 billion yuan ($55.9 billion).Under the deal, PipeChina, known formally as China Oil and Gas Pipeline Network…

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