Recent Articles

China Energy Giants Seek Last-Minute Sales in Year-End Countdown
Wednesday, November 25, 2015 China's biggest energy companies are seeking to unload assets and urging workers to cut costs in a last-minute rush to meet annual government-set growth targets as lower crude prices drag down earnings.
Primeline Spuds LS30-3-1 Prospect in Block 33/07 in East China Sea
Tuesday, November 17, 2015 Primeline Energy spuds the LS30-3-1 exploration well in Block 33/07 in the East China Sea.
QGC, Partners Invest $1.2B to Boost Gas Output in Australia's QCLNG Project
Monday, November 16, 2015 QGC and joint venture partners invest $1.2 billion to boost gas production for the Queensland Curtis liquefied natural gas project in Australia.
Primeline Completes Drilling at LS23-1-1 in Block 33/07 in East China Sea
Friday, October 30, 2015 Primeline Energy completes drilling at LS23-1-1 well in Block 33/07 in East China Sea, with the jackup to drill LS30-3-1 well soon.
China's Oil Giants Lose Almost All Profits Amid Crude Crash
Friday, October 30, 2015 The plunge in crude prices all but killed profits at China's top energy producer and its largest oil refiner.
CNOOC Production Rises, Revenue Falls
Wednesday, October 28, 2015 CNOOC Limited reveals a year on year production increase, and revenue loss, in its financial results for the third quarter of 2015.
Technip Wins Libra Field Pipe Contract
Tuesday, October 27, 2015 French oilfield services firm Technip wins 'a substantial contract' to supply flexible pipes to the Libra giant field development offshore Brazil.
CNOOC: Caofeidian 6-4 Confirmed as Mid-Sized Oilfield
Thursday, October 22, 2015 The Caofeidian 6-4 oil structure in Bohai, offshore China, is confirmed to be a mid-sized oilfield.
Petrobras Confirms Libra Block's Hydrocarbon Potential in Latest Drilling
Thursday, October 15, 2015 Petrobras confirms the hydrocarbon potential of the offshore Libra block in Brazil's Santos Basin after drilling the fourth well in the acreage.
Primeline Secures Contract Extension for Block 33/07 in East China Sea
Wednesday, October 14, 2015 Primeline Energy secures an extension to the contract for Block 33/07 in East China Sea to facilitate its exploration drilling program.
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.