Tuesday, November 5, 2024

South China News

What we can learn from China's latest military exercises around Taiwan

China's day of wargames around democratically-governed Taiwan was Monday a warning against'separatist actions. Although they appeared shorter, the drills were intense and fast-paced in their simulation of attacks and deployments of ships and aircraft.

Malaysian PM: Petronas exploration in South China Sea to continue

Anwar Ibrahim, Malaysia's prime minister, reiterated on Tuesday that the state-owned energy company Petronas would continue to conduct oil exploration in Malaysia's Exclusive Economic Zone (EEZ) of the South China Sea despite China's objections.

Malaysia won't stop South China Sea exploration, despite China protests says PM

Anwar Ibrahim, Malaysia's Prime Minister, said that the country would not stop oil and gas exploration on the South China Sea in spite of Beijing's claims that Malaysia had infringed on its territory. Anwar, who is currently in Russia on an official visit…

CNOOC China posts record profit in the first half of 2018 on robust output growth

CNOC, the Chinese offshore oil-and-gas major, posted a record profit for the first half of this year on Thursday. This was largely due to higher oil prices and increased output. CNOOC reported in a filing to the Hong Kong Stock Exchange…

Equinor to close Hanoi office after halting Vietnam offshore wind plans

A company spokesperson revealed that Norway's state controlled energy giant Equinor had cancelled plans to invest into Vietnam's offshore sector. This is a blow for Vietnam's green power aspirations. According to the World Bank Group's report…

PetroVietnam Beats Q1 Crude Output Target

Long Tau River, Vietnam - March 12, 2019: Phuoc Khanh area. Blue river tank vessel sails in front of concrete factory and PetroVietnam power
generation plant chimneys in back. 

Copyright Klodien/AdobeStock

Vietnam's state oil firm PetroVietnam said on Monday its crude oil output was 2.6 million tonnes in the first quarter this year, 12.6% higher than its target.The figure, however, is lower than the company's crude oil output of 2.74 million tonnes in the same period last year.

Sinopec Starts Up $6B Zhanjiang Refinery Complex

Image Credit: bobo1980/AdobeStock

Top Chinese state refiner Sinopec Corp said on Tuesday it had started up a $6 billion new refinery and petrochemical plant in south China, making it the country's third integrated complex to start operations in the past 18 months or so.The Sinopec venture, situated in coastal city of Zhanjiang,

Chinese Seismic Vessel Returns to Waters off Vietnam Amid Virus 'Distraction' Charges

A Chinese ship embroiled in a standoff with Vietnamese vessels last year has returned to waters near Vietnam as the United States accused China of pushing its presence in the South China Sea while other claimants are pre-occupied with the…

LNG Tanker Diverted from China in Sign of Weaker Demand

© nikkytok / Adobe Stock

A liquefied natural gas (LNG) tanker that had been heading to China has been diverted, data intelligence firm Kpler and two industry sources said on Tuesday, probably due to lower demand for the fuel as businesses are hit by the coronavirus…

Malaysian State Open to Buying Petronas Stake

© Dmytrii Minishev / Adobe Stock

Malaysia's Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily-indebted federal government.Petronas…

CPIH, Equinor Team Up on Offshore Wind

Chinese power giant China Power International Holding (CPIH) and Norwegian energy firm Equinor have inked a memorandum of understanding (MoU) to cooperate on offshore wind projects off China and Europe.“China is rapidly increasing its use of renewables and natural gas.

China, Philippines: 'Bigger Step' Possible Offshore

© Sasha Strekoza / Adobe Stock

Chinese President Xi Jinping said China and the Philippines could take a "bigger step" in the joint development of oil and gas resources in the South China Sea if they can "properly" handle their dispute over sovereignty.Xi made the remarks on Thursday in a meeting in Beijing with Philippine Pr

CNOOC Earnings on the Rise

(File photo: CNOOC)

China's national offshore producer CNOOC Ltd reported a near 19% rise in first-half profit on Thursday, as higher sales of oil and gas offset weaker global oil prices.The listed arm of state-owned China National Offshore Oil Corp said that…

Chinese Ship Returns to Vietnam's EEZ

A Chinese survey ship returned to Vietnam's exclusive economic zone off its coast on Tuesday, ship tracking data showed, less than a week after it left the area where vessels from the two countries were locked in a month-long standoff.The…

Vietnam: Chinese Vessel Violated its Sovereignty

Vietnam on Friday accused a Chinese oil survey vessel and its escorts of violating its sovereignty and demanded that China remove the ships from Vietnamese waters.Vietnam and China have for years long been embroiled in a dispute over the…

COOEC-Fluor Completes Module Fabrication

Texas-based multinational engineering and construction firm Fluor Corporation announced  that its joint venture COOEC-Fluor Heavy Industries fabrication yard has completed the central and wellhead platforms for CNOOC’s Dongfang 13-2 Gas…

Rising US Oil Clout on Show in Houston

© Steve Prorak / Adobe Stock

A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics.Present: top U.S. diplomat Mike Pompeo.

Indonesia Okays Empyrean Plan for Mako Gas

Indonesia has approved the development plan for the Mako gas field, Empyrean Energy PLC and Coro Energy PLC said.Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has approved the plan of development (POD) for the Mako gas field at the Duyung production sharing contract (PSC)…

Philippine Senators Ask Duterte to Disclose China Energy Plan

© hassry4088 / Adobe Stock

Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial claims that are not recognized under international law.Early this year…

PetroVietnam: Maritime Tensions Weigh on Operations

(Photo: PetroVietnam)

Vietnam's state oil firm PetroVietnam said on Friday that tension in the South China Sea will continue to weigh on its offshore operations this year.The company, formally known as Vietnam Oil and Gas Group targets to produce 12.37 million metric tonnes of crude oil this year, down 11.45 percent