Chinas largest oil tanker, with vessel displacement 7 times that of the countrys only aircraft carrier Liaoning, was delivered Wednesday in south Chinas Guangzhou City. The 333-meter tanker Kaigui was built by Guangzhou Shipyard Internation...

CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Golden Eagle Area Development (GEAD) in the UK North Sea commenced production. The GEAD includes development of the Golden Eagle, Peregrine and Solitaire fields. The fields...

CNOOC Engineering announced that the company plans to increase RMB100m in capital to its Zhuhai subsidiary for its Zhuhai deepwater offshore engineering equipment manufacture project. The capital injection is to help the company further exp...

ABERDEEN, United Kingdom -- Churchill Drilling Tools, the provider of innovative dart activated drilling tools, has launched the HyPR (Hydraulic Pipe Recovery) system for the rapid and cost-effective recovery of stuck pipe. Stuck pipe situa...

China National Offshore Oil Corp. (CNOOC) has finished building the first phase of its floating LNG terminal in the northern port city of Tianjin, the company has announced. The first phase consisted of a dock, two 30,000 cubic metre storag...

ConocoPhillips profit rises on asset sale and new output BRADLEY OLSON HOUSTON (Bloomberg) -- ConocoPhillips reported rising profits in the face of falling oil prices as an asset sale in Nigeria and higher output in Texas and North Dakota b...

An engineering and construction unit under Chinas Sinopec Group has started building pipelines for Iraqs Maysan project that will help raise the oilfields production to 460,000 barrels per day (bpd) by 2016, an industry website reported on...

China Ocean Shipbuilding Industry Group has forged an alliance with Jianglian Heavy Industries under a broader bid to cash in on rising demand for LNG carriers. In a statement the Hong Kong-quoted holding company said the partnership involv...

HOUSTON -- Baker Hughes has released its TORRENT frac-pack solution, which helps operators improve ultimate recovery by creating and maintaining large, high-conductivity fractures to maximize reservoir contact and increase drainage. Each TO...

According to the 2014 BP Statistical Energy Survey, Equatorial Guinea and Gabon had combined proven oil and gas reserves of 3.7bn barrels. Thats roughly equivalent to the reserve base of Egypt, or around 700m in excess of the United Kingdom...