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Shell increases stake in Nigeria’s OML118 deepwater oil field
Shell Nigeria Exploration and Production Company (SNEPCo) announced that it has increased its interest in the OML 118 Production Sharing Contract from 55% to 65%, following the completion of a share acquisition agreement. The deepwater oilfield asset includes the Bonga field and is operated by SN...Read more -
Equinor Granted Approval to Use Offshore Installation for Oilfield Operations
Aker BP has received approval from the Norwegian Offshore Directorate to utilize two offshore vessels from Island Offshore in its oil and gas fields. The two vessels, named “Island Constructor” and “Island Wellserver”, will be deployed to perform riserless light well inter...Read more -
Targeting Billions of Barrels of Oil and Gas! Another Oil Giant Emerges！
Recently, France’s TotalEnergies, in partnership with QatarEnergy and Malaysia’s Petronas, has officially signed a production sharing contract for the S4 block offshore Guyana. This agreement marks TotalEnergies’ entry into offshore exploration in Guyana as an operator for the ...Read more -
Output of China’s 35-Year-Old Oil Field Well Above Expectations！
As of early November, the Huizhou 21-1 platform – the first platform built and put into operation in the Eastern South China Sea Oilfield – had produced over 13 million tonnes of oil equivalent, significantly exceeding the original development plan’s projections and providing a solid guaran...Read more -
New Breakthrough in Oil and Gas Exploration in Northern Xinjiang！
Recently, there has been major exciting news from oil and gas exploration in Xinjiang! The exploration project of the oil and gas campaign in the Dabancheng area of Urumqi has achieved a breakthrough, with preliminary assessments indicating natural gas geological resources exceeding 200 billion ...Read more -
China’s largest shale oil production base has cumulatively produced over 20 million metric tons！
On November 9, joyous news came from Changqing Oilfield, China’s largest shale oil production base—its cumulative shale oil production has exceeded 20 million metric tons. This milestone marks a major achievement in China’s “shale revolution” and signifies that continenta...Read more -
CNOOC’s “Haiheng” Deepwater Drilling Fluid System Wins International Award
On November 3, it was learned from CNOOC that at the recently concluded 2025 Offshore Technology Conference BRASIL (OTC Brazil), CNOOC’s “Haiheng” FLAT PRO wide-temperature-range stable-rheology high-performance synthetic-based drilling fluid system (hereinafter referred...Read more -
COOEC Wins Landmark USD 800 Million Long-Term EPCI Contract from PTTEP for Bundled Phases 4 Project
Offshore Oil Engineering Co., Ltd. (COOEC) has announced the signing of a landmark EPCI contract with Thailand’s national oil company PTTEP for the Bundled Phases 4 Project, valued at approximately USD 800 million. The award sets a new benchmark for Chinese offshore contractors, marking the larg...Read more -
100-Million-Ton! Sinopec Makes New Discovery!
On October 23, according to information from Sinopec’s news office, the Qiluye-1 well, a risk exploration well deployed by Sinopec Exploration Company in Qijiang District, Chongqing, achieved high-yield shale oil and gas flows during testing, with a daily production of 38.64 cubic meters o...Read more -
Another 10,000-meter Deep Well: Southwest Oil & Gas Field Achieves Major Breakthrough
On October 15, according to an official announcement from Southwest Oil & Gas Field, at 9:16 a.m., the drilling depth of the Shen Di Chuan Ke 1 well exceeded 10,000 meters. This deep-earth "super project," recognized as the most geologicall...Read more -
The cumulative crude oil output from the Enping Oil Field has exceeded 200 million barrels！
Recently, the Enping Oil Field, operated by CNOOC Limited-Shenzhen Branch, successfully completed its 453rd crude oil offloading operation. To date, the field's cumulative crude oil exports have surpassed 200 million barrels. The Enping Oil Field comprises nine productio...Read more -
SJPEE Returns from Offshore Energy & Equipment Global Conference with Major Insights
The third day of the conference saw SJPEE team conduct a site visit to the exhibition halls. SJPEE highly valued this exceptional opportunity to engage in extensive and in-depth exchanges with global oil companies, EPC contractors, procurement executives, and industry leaders present at the summ...Read more
