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CNPC acquires Petrobras’ assets in Peru

Last Thursday (6 November), at a formal ceremony in Lima, Petrobras completed the sale of 100 per cent of the shares of its wholly-owned subsidiary Petrobras Energia Peru (PEP) to the China National Petroleum Corporation (CNPC), for the sum......【More】

2014-11-14

Centrica performs successful DST at Pegasus West gas discovery

TORSHAVN, Faroe Islands -- P/F Atlantic Petroleum has announced that the drill stem test (DST) at 43/13b-7 Pegasus West gas discovery, operated by Centrica Energy, flowed at a combined rate of circa 91 MMscfd from three Carboniferous interv......【More】

2014-11-13

Russia's Rosneft to supply 9 million tons of oil to China refinery in 2020

Russian oil major Rosneft will supply nine million tons of oil per year to its refinery joint venture with PetroChina in Tianjin from 2020, CEO Igor Sechin said in an interview with Rossiya 24 TV channel on Monday. Rosneft expects an invest......【More】

2014-11-12

APEC Eyeing LNG Market Expansion in Asia-Pacific

As this years Asia-Pacific Economic Cooperation (APEC) summit is paying particular attention to the energy cooperation given the changing structure of the world energy market, the member countries are considering an increase in liquefied na......【More】

2014-11-11

CNOOC puts second deep-water rig into use

Advanced features help operation in South China Seas tough weather CNOOC Group Ltd, Chinas largest offshore oil and gas developer, announced on Wednesday that its semi-submersible drilling rig Nanhai Jiu Hao completed the first deep-water e......【More】

2014-11-10

China's largest oil tanker put into use

Chinas largest oil tanker, with vessel displacement 7 times that of the countrys only aircraft carrier Liaoning, was delivered Wednesday in south Chinas Guangzhou City. The 333-meter tanker Kaigui was built by Guangzhou Shipyard Internation......【More】

2014-11-07

CNOOC kicks off Golden Eagle oil production

CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Golden Eagle Area Development (GEAD) in the UK North Sea commenced production. The GEAD includes development of the Golden Eagle, Peregrine and Solitaire fields. The fields......【More】

2014-11-06

CNOOC Engineering funds deepwater project

CNOOC Engineering announced that the company plans to increase RMB100m in capital to its Zhuhai subsidiary for its Zhuhai deepwater offshore engineering equipment manufacture project. The capital injection is to help the company further exp......【More】

2014-11-05

Churchill launches world' s first hydraulic pipe recovery tool

ABERDEEN, United Kingdom -- Churchill Drilling Tools, the provider of innovative dart activated drilling tools, has launched the HyPR (Hydraulic Pipe Recovery) system for the rapid and cost-effective recovery of stuck pipe. Stuck pipe situa......【More】

2014-11-04

CNOOC finishes construction of first phase of Tianjin terminal

China National Offshore Oil Corp. (CNOOC) has finished building the first phase of its floating LNG terminal in the northern port city of Tianjin, the company has announced. The first phase consisted of a dock, two 30,000 cubic metre storag......【More】

2014-11-03