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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

World Oil News Center

ConocoPhillips profit rises on asset sale and new output BRADLEY OLSON HOUSTON (Bloomberg) -- ConocoPhillips reported rising profits in the face of falling oil prices as an asset sale in Nigeria and higher output in Texas and North Dakota b......【More】

2014-10-31

Sinopec firm starts laying pipelines for Iraq's Maysan oilfield

An engineering and construction unit under Chinas Sinopec Group has started building pipelines for Iraqs Maysan project that will help raise the oilfields production to 460,000 barrels per day (bpd) by 2016, an industry website reported on......【More】

2014-10-30

Jiangzhou takes aim at LNG

China Ocean Shipbuilding Industry Group has forged an alliance with Jianglian Heavy Industries under a broader bid to cash in on rising demand for LNG carriers. In a statement the Hong Kong-quoted holding company said the partnership involv......【More】

2014-10-29

Baker Hughes launches TORRENT frac-pack solution

HOUSTON -- Baker Hughes has released its TORRENT frac-pack solution, which helps operators improve ultimate recovery by creating and maintaining large, high-conductivity fractures to maximize reservoir contact and increase drainage. Each TO......【More】

2014-10-28

Shell's alternative west African foray

According to the 2014 BP Statistical Energy Survey, Equatorial Guinea and Gabon had combined proven oil and gas reserves of 3.7bn barrels. Thats roughly equivalent to the reserve base of Egypt, or around 700m in excess of the United Kingdom......【More】

2014-10-27

Chevron hits oil in deepwater U.S. Gulf of Mexico

SAN RAMON, California -- Chevron Corporation has made a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox S......【More】

2014-10-24

Gas pipeline from Turkmenistan to China to be completed in 2016

The construction of the 4th branch (D) of the Turkmenistan-China gas pipeline is planned to be completed in 2016, Turkmen President Gurbanguly Berdimuhamedov said Oct. 21. President Berdimuhamedov made the remarks while delivering a speech......【More】

2014-10-23