CNOOC Starts New Oil Production at Penglai Field
China's CNOOC Ltd started producing crude oil at 1/3/8/9 block of the Penglai 19-3 oilfield off north China's Bohai Bay, the company said in a statement on Tuesday.The new block…
CNOOC Tenders Offshore Blocks, Some in South China Sea
China National Offshore Oil Company, or CNOOC, has issued a tender inviting foreign firms to bid for 18 blocks off China's northern, eastern and southern coast, according to a company statement.
LOC Looks to a brighter Second Decade in China
LOC are setting key objectives for their second decade in China, while celebrating 10 years in multiple port cities across the country. “We are looking ahead to a great many things in China…
Brightoil Reports Steady Growth in Interim Results
Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period. During the period, profit…
Sinopec Leads Shale Research Center
State energy group Sinopec will head up a new national shale oil research and development centre that has been approved by the National Energy Administration, official paper China Energy News reported on Monday.
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.
Brightoil Eyes Upstream After Bohai Purchase
Hong Kong-listed oil trader Brightoil Petroleum Holdings Ltd said on Wednesday it expects its upstream business to be the key long-term growth driver for the group following its…
China Okays Iron Ore, Coal Swaps
China's central bank has approved the launch of the country's first iron ore and thermal coal swap contracts, two industry sources said on Monday, giving industry participants new…
CIMC Raffles Delivers Jack-up Rig to Sinopec
A Jack-up Drilling Rig which was constructed by CIMC Raffles with Sinopec Independent design named “New Sheng Li 1#” was delivered to Sinopec Sheng Li Petroleum Engineering Co., Ltd. at CIMC Raffles on 6th June 2014.
