The China's four state-run shipping-related companies are reportedly in the initial phases of combining units in order to beef up the national shipbuilding industry, says local media. The chances of mergers between China Ocean Shipping…
Two senior trading heads have left Brightoil Petroleum Holdings Ltd, and the company has hired a former executive from China's state-run Sinochem, marking a reshuffle at its Asia trading operations, senior trading sources said.Brightoil's…
Avisar Paz, the chief financial officer of Israel Corp, will take over as the conglomerate's chief executive once its reorganisation is complete, the company said on Monday.Israel Corp is planning to spin off some of its less profitable…
Uganda will auction new oil exploration acreage by December and compensate land owners at the site of a planned crude oil refinery, a government official said on Friday.Investor interest in Uganda's hydrocarbons potential has been growing…
ABS, a global provider of classification services to the marine and offshore industries, announces the opening of a new office in Beijing. This move shows ABS' determination in expanding best-in-class service for the Chinese market. This new office will allow further collaboration with government…
A former senior vice president at top Asian oil refinery Sinopec Corp has officially taken office as the new head of state-run Sinochem Group, officials at the two companies said on Tuesday.Cai Xiyou, Sinopec's vice president in charge of oil trading and sales…
China National Petroleum Corporation (CNPC) has secured the rights to produce and export oil from Abu Dhabi, helping China secure more fuel for its rapid economic growth. State-run CNPC has expanded over the past decade to over 30 countries…
Before the close of the inaugural Oceanology International China (OI China) held in Shanghai in early September, more than 70% of the space available for the next show in the series, being held September 3-5 , 2014 at INTEX Shanghai, had been reserved…
China National Offshore Oil Corporation (CNOOC) signed production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Block 05/31 in Bohai. Block 05/31 is located in the junction of Qikou Sag and Nanpu Sag of the West of Bohai…
CNOOC Limited said that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with BP for deepwater Block 54/11 in Pearl River Mouth Basin in the South China Sea.Block 54/11 is…
GDF sign significant agreements with Chinese partners for an LNG carrier charter, gas storage and regasification facilities.An agreement with the China National Offshore Oil Corporation (CNOOC) schedules the sub-chartering of the GDF SUEZ…
Three scenarios shaping the future of the world’s maritime industries.Report issued at events in Singapore and London indicates strong growth for the maritime sector in the years up to 2030 and an even bigger role for China in the maritime world…
Chinese shipbuilding giant, China Shipbuilding Industry Corp (CSIC) makes debut at Malaysia defense show.The China Shipbuilding Industry Corporation (CSIC) recently made its debut in the Langkawi International Maritime and Aerospace Exhibition in Malaysia…
China Shipping Development Co. to order six liquefied natural gas (LNG) to tap the nation’s rising demand for cleaner fuel.The addition of the tankers comes as the world’s largest energy consumer plans to more than double natural gas consumption to cut its dependence on coal and oil…
Japan to begin the world’s first offshore drilling operation to extract frozen natural gas locked under the seabed.Japan Oil, Gas & Metals National Corp., known as JOGMEC, and the National Institute of Advanced Industrial Science and Technology…
