Recent Articles

As China Gas Boom Falters, State Giants Grapple with Wave of Imports
Friday, October 02, 2015 China's energy giants are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt.
Primeline Suspends Planned Merger With Loyz Energy Due to Volatile Market
Thursday, October 01, 2015 China-focused Primeline Energy suspends proposed merger with Singapore's Loyz Energy due to current market volatility.
China to Carve Out New Oil, Gas Pipeline Firm from State Oil Giants
Thursday, September 24, 2015 China plans to create a new crude oil and liquefied natural gas pipeline transportation company, according to a report in the China Securities Journal.
Shutdown at North Sea Buzzard Oilfield Likely to be Moved to November
Wednesday, September 23, 2015 A planned shutdown of the UK North Sea's Buzzard oilfield is likely to be rescheduled to November from October, according to an industry source.
China's CNPC to Shut Hotels, Ditch Cars in Graft Crackdown
Monday, September 14, 2015 China National Petroleum Corp. will sell off most of its hotels by the end of 2017 and get rid of more than 4,000 company cars as part of efforts to root out corruption and waste, it says.
Brazil And Mexico Vie for Cash From Oil Explorers in Price Rout
Monday, August 31, 2015 Brazil and Mexico are preparing to compete for investments from some of the same oil majors when they hold auctions that are only a week apart at a time the price rout is prompting spending cuts.
Profits At Two Chinese Oil Majors Slump On Low Crude Price
Wednesday, August 26, 2015 Two of China's major oil companies say that their profits slumped in the first half of 2015, as a sharp decline in international crude prices hit upstream earnings.
China Oil Rig to Keep Drilling in Waters Disputed with Vietnam
Tuesday, August 25, 2015 The Haiyang Shiyou 981 (UDW semisub) will continue drilling not far from Vietnam's coast, China’s maritime safety authorities said on Tuesday.
Controversial China Rig Completes Drilling Well Near Vietnam Coast
Monday, August 24, 2015 The Chinese oil rig at the center of last year's standoff between China and Vietnam over oil exploration in the South China Sea completes drilling of a well not far from Vietnam's coast.
COSL Signs Contract to Drill 2 Wells in Block 33/07 in East China Sea
Wednesday, August 19, 2015 Primeline Energy signs contract for China Oilfield Services Ltd. to drill two wells in Block 33/07 in the East China Sea.
CNOOC Signs PSCs with Roc Oil for South China Sea Blocks
Wednesday, August 19, 2015 The China National Offshore Oil Corporation signs 2 production sharing contracts with Roc Oil Company for blocks 16/07 and 03/33 in the South China Sea.
Husky Says Indonesia's Madura Strait Projects to Start Production in 2017
Wednesday, July 29, 2015 Husky Energy says first production from the Madura Strait gas projects offshore Indonesia is targeted for 2017.
Report: Green Group Sues ConocoPhillips, CNOOC over China Oil Spill
Monday, July 27, 2015 China Daily reports that a maritime court in Qingdao will hear a landmark case brought against US oil giant ConocoPhillips and China's CNOOC.
COSL to Drill 2 Wells for Primeline in Block 33/07 Offshore China for $20M
Friday, July 24, 2015 Primeline signs letter of intent with China Oilfield Services Ltd. to drill two wells in Block 33/07 in East China Sea for $20 million.
CNOOC Flows First Oil from Luda 10-1 Project in Bohai Offshore China
Wednesday, July 22, 2015 CNOOC flows first oil from the Luda 10-1 comprehensive adjustment project in Bohai offshore China.
Expect China to Yearn for More US Shale
Friday, July 10, 2015 Despite slowdown in heated investment from overseas in North American oil and gas, interest still looms behind the Great Wall of China.
First Oil Flows from CNOOC's Bozhong 28/34 Project in China's Bohai Bay
Wednesday, July 01, 2015 CNOOC commences production at Bozhong 28/34 oilfields comprehensive adjustment project in Bohai offshore China.
Ex-CNOOC Executive Under Investigation in China for Graft
Thursday, June 25, 2015 The former deputy general manager of CNOOC is under criminal investigation for "accepting bribes", according to judicial authorities in China.
Tullow Pays $250 Million to Settle Uganda Tax Dispute Out of Court
Monday, June 22, 2015 Tullow Oil agrees to pay $250 million to settle a tax dispute with the Ugandan government out of court, almost half of the sum the east African country had originally demanded in tax relating to a sale of oil licences.
China's Anti-Graft Investigator Keeps Oil Giants in Its Sights
Wednesday, June 17, 2015 China's anti-corruption investigators continue to zero in on the nation's oil giants, calling on two of its biggest state-owned companies.