Bohai Bay Oilfield Output to Double

Wednesday, October 17, 2007
CNOOC reportedly plans to more than double production at the Bohai Bay field to more than 27 million metric tons, or about 542,000 barrels a day, in five to six years as new fields come on stream, according to a report in the Herald Tribune. China is said to be encouraging its oil and gas producers to step up production to meet rising consumption spurred by an economy that rose 11.9 percent in the second quarter. Chinese oil demand will likely increase 5.9 percent to 7.6 million barrels a day this year, the International Energy Agency said in its September forecast. (Source: The International Herald Tribune)

Offshore

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

Cathelco MGPS for Latest Lamprell-built Jack-up

Cathelco will provide a marine growth prevention system (MGPS) for the latest in a series of jack-up drilling rigs to be built by Lamprell, the UAE based  leading provider of fabrication,

 
 
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