Recent Articles

CNOOC Flows First Oil from 2 Beibu Gulf Basin Projects in South China Sea
Tuesday, February 02, 2016 CNOOC commences production from two Beibu Gulf Basin oil projects in the South China Sea.
Flood Of Oil Asset Writedowns Seen Across Asia On Crude Rout
Tuesday, February 02, 2016 Investors in Asian oil and gas companies should prepare for a wave of writedowns after a collapse in crude prices.
CNOOC: Kenli 10-4 Oilfield Starts Production
Wednesday, January 27, 2016 The Kenli 10-4 oilfield, located in the South of Bohai, commences production.
CNOOC Cuts CAPEX in 2016
Tuesday, January 19, 2016 CNOOC Limited cuts its CAPEX to $9.1 billion in 2016, following "an increasingly complicated operating environment".
China's CNOOC and CGN to Cooperate on Offshore Oil, Nuclear Power
Friday, January 15, 2016 Two Chinese state-owned energy companies sign a strategic cooperation framework agreement on offshore oil and nuclear power.
Brazil's Petrobras Says Not Considering Libra Area Sale
Friday, December 11, 2015 Brazil's Petroleo Brasileiro SA is not considering selling a 10 percent stake in its giant Libra offshore oil prospect at this time, the state-run oil company said.
Husky Enters into a PSC with CNOOC for Block 15/33 in South China Sea
Friday, December 04, 2015 China National Offshore Oil Corp. enters into a production sharing contract with Husky Oil for Block 15/33 in the South China Sea.
Primeline Drills Dry Well in East China Sea Block 33/07
Wednesday, December 02, 2015 Primeline Energy drills dry hole at LS30-3-1 exploration well in Block 33/07 in the East China Sea.
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.