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Roc Oil Starts Drilling on Block 09/05 & FARM-OUT OF 40%

Roc Oil (Bohai) Company, a wholly owned subsidiary of Roc Oil Company Limited (ASX:ROC), as operator of Block 09/05, Bohai Bay, Offshore China advises that drilling has commenced on the first exploration well QK11-1-1. Drilling from CPOE Rig…

Ugandan Court Orders Tullow Oil to Pay $407m Over Sale

A Ugandan court has ordered British explorer Tullow Oil to pay $407 million in relation to a 2012 sale of oil field stakes, state-run New Vision newspaper said on Wednesday. One industry source told Reuters Tullow Oil had already paid $142 million of that amount…

Teekay LNG Acquires Interests in Four LNG Newbuildings

Teekay LNG Partners L.P. announced that it has acquired from BG Group ownership interests in four 174,000 cubic meter Tri-Fuel Diesel Electric (TFDE) liquefied natural gas (LNG) carrier newbuildings, which will be constructed by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. in China.

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EIVA Adds Reseller in China

China has been the destination of quite a number of orders shipped from Danish EIVA the last couple of years. Due to expectations of further growth in demand from this market for EIVA solutions, the company said it has added a new member to the group of authorized resellers in China.

BP & CNOOC Sign 20-yr LNG Deal

BP and the China National Offshore Oil Corporation (CNOOC) today announced a heads of agreement for the supply of up to 1.5 million tonnes of liquefied natural gas (LNG) per year over 20 years starting in 2019. The agreement was signed in London by BP Executive Vice President…

China Offshore Inert Gas Orders for Norway's WTS

Wilhelmsen Technical Solutions (WTS) say they have secured multiple orders to supply Maritime Protection Inert Gas Generator (IGG) systems for installation on vessels under construction for operations offshore China. The Maritime Protection…

Chinese Firms in Winning Libra Field Bid, Offshore Brazil

The Chinese firms, China National Offshore Oil Corporation ( CNOOC) and China National Petroleum Corporation (CNPC), have a 10 percent stake each, with Shell and Total taking 20 percent each, and Petrobras the remaining 40 percent share. The…

CNOOC Signs PSC with Smart Oil

China National Offshore Oil Corporation (CNOOC) signed production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Block 05/31 in Bohai. Block 05/31 is located in the junction of Qikou Sag and Nanpu Sag of the West of Bohai.

CNOOC, BP Sign Production Sharing Contract

CNOOC Limited said that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with BP  for deepwater Block 54/11 in Pearl River Mouth Basin in the South China Sea. Block 54/11 is located…

China LNG Contracts for GDF Suez

GDF sign significant agreements with Chinese partners for an LNG carrier charter, gas storage and regasification facilities . An agreement with the China National Offshore Oil Corporation (CNOOC) schedules the sub-chartering of the GDF SUEZ…

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