China’s largest reserve base of liquefied natural gas (LNG), located in Jiangsu Province’s Yancheng City, officially kicked off the start of gas supply for East China on Friday, according to the China National Offshore Oil Corporation (CNOOC). About 2.41 million cubic meters of natural gas were transported by pipeline on …
Read More »Asia’s Largest Offshore Platform Put into Operation in South China
China National Offshore Oil Corp (CNOOC) announced on Wednesday that the Enping 15-1 platform, Asia’s largest offshore oil production platform, was put into operation in the Pearl River Mouth Basin in south China’s Guangdong Province. The platform, about 160 meters tall and weighing over 30,000 tonnes, is the largest offshore …
Read More »Qatargas Delivers Commissioning Cargo to China’s Newest LNG Terminal
Qatargas, a liquefied natural gas (LNG) production unit of state-owned QatarEnergy, has delivered a commissioning LNG cargo to China’s newest LNG terminal, the Jiangsu-Binhai LNG terminal, owned and operated by China National Offshore Oil Corporation (CNOOC). The cargo was loaded in Ras Laffan on 10 September on the 216,000 cubic …
Read More »Exxon, Shell Partner with CNOOC on China Carbon Capture Project
Oil majors from three continents are partnering with the world’s largest factory hub on a massive carbon capture site that would store the heat-trapping gas at sea in China. Exxon Mobil Corp., Shell Plc and Cnooc Ltd. signed a non-binding agreement with the Guangdong government on a facility that would …
Read More »China’s Deep Sea No. 1 Gas Field Reaches 2 bcm Milestone
Deep Sea No. 1, China’s independently developed, ultra-deepwater gas field, has produced more than 2 billion cubic meters of natural gas by Saturday since it was put into operation one year ago, its operator China National Offshore Oil Corporation (CNOOC) said on Saturday, the Xinhua News Agency reported. The gas …
Read More »China’s First Self-Developed Subsea Xmas Tree System Put into Operation
China’s first self-developed subsea Xmas tree system has successfully been put into operation in the South China Sea on Tuesday, a key breakthrough in China’s domestic technical equipment for deepwater oil and gas development, China National Offshore Oil Corporation (CNOOC) said on Tuesday. The tree system is believed to be …
Read More »CNOOC Denies Plans for $3 Billion UK North Sea Exit
CNOOC has brushed aside recent media reports that the firm is considering withdrawing from oilfield investments in the UK North Sea, the US and Canada. The Nikkei Asia financial publication said the Chinese national oil firm is not, contrary to reports, seeking to diminish its vulnerability to Western-led sanctions targeting …
Read More »China Oil Giant CNOOC Jumps 20% in First Mainland Trading
CNOOC Ltd. jumped 20% in its first day of trading in Shanghai as mainland investors jumped at the chance for exposure to soaring oil and gas prices. The company’s A-shares opened at 12.96 yuan ($2.02), after pricing at 10.80 yuan. China’s biggest offshore driller is raising 28 billion yuan ($4.3 …
Read More »CNOOC to Install World’s Largest Storage Tanks at Binhai LNG
Reuters said that CNOOC completed the foundation for six giant LNG storage tanks each sized 270,000 cubic meters. The location of the LNG receiving terminal is at Yancheng Binhai Port Industrial Park in Jiangsu province. CNOOC said it officially kicked off the construction of the main body of storage tanks …
Read More »China Completes Foundations of World’s Largest LNG Storage Tanks
China National Offshore Oil Corporation (CNOOC), the leading liquefied natural gas (LNG) player in China, announced Sunday that it had completed concrete casting for the foundations of six world’s largest LNG storage tanks in Yancheng City of east China’s Jiangsu Province. The six storage tanks of 270,000 cubic meters, the …
Read More »