CNOOC Ltd.’s unlisted parent company plans to start deep water oil and gas exploration in the South China Sea with Canada's Husky Energy Inc. next year, according to AP report. If the scheduled exploration finds sizable reserves in a bloc in the South China Sea about 185 miles south of Hong Kong, it will be China's first deep water oil and gas field. CNOOC's parent company is currently restricted to pumping oil and gas offshore at no deeper than 350 m, because of the technology currently available to it. According to the report, CNOOC previously signed a production sharing contract with Husky, an integrated oil and gas producer, to jointly explore and develop two deep water blocs in the South China Sea. The two companies explored the other bloc in the western part of the South China Sea in 2004, but the reserves discovered were too small to justify commercial drilling. Source: AP
The United States is concerned about dangerous conduct and intimidation in the South China Sea after reports of a Chinese vessel ramming Vietnamese ships, the U.S. State Department said on Wednesday. State Department spokeswoman Jen Psaki also said China's deployment of an oil rig in a disputed part of the South China Sea was "provocative and unhelpful" to security in the region. (Writing by Bill Trott; Editing by Susan
China National Offshore Oil Company Limited (CNOOC Ltd) announced that its parent China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts (PSC) with US-based Newfield Exploration Company. The two contracts are for blocks numbered 22/15 and 16/05, both in the South China Sea. Block 22/15 in the Beibu Gulf Basin in the western South China Sea covers 5,228 square km, with water depth of 10 to 60 meters.
A ceremony for the frigate "Meizhou" of the Navy of the Chinese People's Liberation Army (PLAN) has been held at a naval port in Sanya in south China's Hainan province, officially naming & commissioning her to the South China Sea Fleet of the PLAN. The "Meizhou" (584) is a new-generation light guided missile frigate independently developed by China. It integrates many types of weaponry and equipment, and features good stealth performance, great information integration
A Chinese oil rig whose deployment to waters claimed by Vietnam early this month triggered a rupture in ties has a good chance of finding enough gas to put the area into production, Chinese industry experts said. That would give China its first viable energy field in the disputed South China Sea, as well as make it a source of friction with Hanoi for years to come. For now, China has said nothing about the potential of the area
China on Monday hit back at "irresponsible remarks" from the United States which has called on Beijing to stop a land reclamation project in the disputed South China Sea that could be large enough to accommodate an airstrip. China lays claim to almost all of the entire South China Sea, believed to be rich with minerals and oil-and-gas deposits and one of Asia's biggest possible flashpoints. Brunei, Malaysia, the Philippines, Vietnam and Taiwan also have claims.
Hong Kong - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production-sharing contract (PSC) with Eni China B.V. (Eni) for the deepwater Block 30/27 in South China Sea. Block 30/27, located 400 kilometers off the coast of Hong Kong with a total area of 5,130 square kilometers, is one of the blocks CNOOC offered for foreign cooperation in 2011. According to the terms of the contract
Philippines police seized a Chinese fishing boat in the disputed South China Sea on Wednesday, an official told Reuters, the latest flare-up of tensions in the oil and gas-rich waters that are claimed wholly or in part by six Asian nations. Chief Superintendent Niel Vargas of the Philippine National Police Maritime Group said a maritime police patrol apprehended a Chinese fishing boat around 7 a.m. on Tuesday off Half Moon Shoal.
Six U.S. senators urged their colleagues on Friday to support legislation reaffirming U.S. support for freedom of navigation, saying they consider China's recent actions in the South China Sea troubling. China this week accused Vietnam of intentionally colliding with its ships in the South China Sea after Vietnam asserted that Chinese vessels used water cannon and rammed eight of its vessels during the weekend near an oil
Senior Chinese and Vietnamese officials have agreed to settle their maritime disputes without resorting to "megaphone diplomacy", the official Xinhua news service said on Saturday. The agency's report follows a meeting in Hanoi on Friday between Chinese political advisor Yu Zhengsheng and Vietnamese Prime Minister Nguyen Tan Dung, and it comes as Beijing backs off from aggressive attempts to press its territorial claims in the South China Sea.
Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands. Relations between China and Japan, the world's second- and third-largest economies
LM Handling, an Acteon company, has provided handling expertise and equipment to support Acteon sister company, InterMoor, in the successful mooring installation of a floating production, storage and offloading (FPSO) unit for the China National Offshore Oil Corporation (CNOOC) operated
The second of Canada Steamship Lines' (CSL) two newbuild Trillium Class Great Lakes bulk carriers, CSL St-Laurent, was delivered on November 26, 2014 and set sail on her maiden voyage on December 13. She departed at 20:00 CST from Yangfan shipyard on Zhoushan Island, China
The Philippines aims to buy two frigates, two helicopters and three gunboats for deployment in the South China Sea where a territorial dispute with China has lent urgency to the need to bolster forces, a Philippine navy officer said on Wednesday.
China published a set of guidelines to support and develop its shipping industry on Wednesday, sending shares in shipping firms such as China COSCO and China Shipping higher. The world's biggest trading nation is focusing on the shipping industry as it looks to secure its supply chains and
Bandar Abbas, home of Iran's navy and the main port in the strategically important Strait of Hormuz, is currently hosting two Chinese naval vessels on a five-day goodwill visit, underlining the increasingly warm relationship between the two countries.
The United States on Thursday partially lifted a long-time ban on lethal weapon sales to Vietnam to help it improve maritime security, a historic move that comes nearly 40 years after the end of the Vietnam War. "The State Department has taken steps to allow for the future transfer of
MacGregor has signed a new series of deck machinery orders for 12 vessels with the China-based Sinopacific Shipbuilding Group. This builds on a track-record of contracts that now stands at 150 shipsets of equipment successfully delivered and installed at Sinopacific yards
China and Vietnam have agreed to "address and control" maritime disputes, state media said on Friday, as differences over the potentially energy-rich South China Sea have roiled relations between the two countries and other neighbors.
China's top diplomat to visit Vietnam again amid sea dispute China's top diplomat will visit Vietnam next week, China said on Friday, five months after he last visited during a period of tension over a Chinese oil drilling rig working in part of the South China Sea both countries claim.
China and Vietnam agreed on Monday to use an existing border dispute mechanism to find a solution to a territorial dispute in the South China Sea, saying they did not want it to affect relations. The two countries have sought to patch up ties since their long-running row erupted in May
China has issued further guidance to support and modernize its shipping industry, saying it would encourage mergers and private investment as well as develop its cruise industry. The world's biggest trading nation is focusing on the shipping industry as it grows more assertive over territorial
China Oilfield Services Limited saw successful delivery of the deepwater semi-submersible drilling rig COSLProspector it invested in and commissioned to build in Yantai, Shandong today. This rig has adopted the latest marine engineering design concepts in the world and has mets the
Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea, a leading defense publication said on Friday. The construction has stoked concern that China may be
Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge China's superior naval forces amid tension in the South China Sea. Hanoi invited the diplomatic community to its Russian-built