Since China replaced the United States in 2013 as the worlds largest net oil importer, falling oil prices have benefited economic development. The Bank of America Merrill Lynch said that for every 10% fall in the price of oil Chinas GDP gro......【More】
2014-12-02Qatar has the worlds third largest gas reserves of 871.5 trillion cubic feet (24.7 trillion cubic meters), representing about 13.3 percent of global proven oil reserves. The country also produced 158.5 billion cubic meters (bcm) or 4.7 perc......【More】
2014-11-28Not gone and not forgotten, China is ready to solidify its claim to the South China Sea (SCS). Recent satellite imagery confirms China is conducting significant land reclamation operations in the Spratly Islands in the SCS. The SCS is an im......【More】
2014-11-27KUALA LUMPUR, Malaysia -- As a part of a plan to restructure its business activities in Asia Pacific, Petroleum Geo-Services has decided to relocate its regional headquarters from Singapore to Kuala Lumpur. The move will result in consolida......【More】
2014-11-26HONG KONG -- CNOOC has announced that the Huizhou 25-8 oil field/Xijiang 24-3 oil field Xijiang 24-1 District Joint Development project has started production. This project is located in the Pearl River Mouth basin of the South China Sea, w......【More】
2014-11-25An offshore engineering site of COOEC in Qingdao, Shandong province. Headquartered in Tianjin, COOEC owns another two offshore engineering sites in Tanggu, Tianjin and Zhuhai in Guangdong province. The companys current operational area is a......【More】
2014-11-24CNOOC Limited announced that the Company made a mid-sized new discovery Lufeng14-4 in the Eastern South China Sea. The Lufeng14-4 structure is located in Lufeng Sag in the Pearl River Mouth Basin of the South China Sea with an average water......【More】
2014-11-21Hong Kong-listed Hilong Holding (Hilong) said its subsidiary, Hilong Marine Engineering (Hong Kong), has won a bid recently to provide offshore pipe-laying services to CNOOC China, a wholly-owned subsidiary of CNOOC. Hilong will use its pip......【More】
2014-11-20Natural gas imports to China through the China-Central Asia Gas Pipelines exceeded 100 billion m3 late last week, according to the China National Petroleum Corp. (CNPC). As a part of major developments for the Silk Road Economic Belt, the C......【More】
2014-11-19HOUSTON The relations with Baker Hughes and Halliburton changed quickly over the weekend from acrimonious posturing in preparation of a hostile takeover to one of brotherly love once the merger agreement was announced early Monday morning.......【More】
2014-11-18