China Studies Possibility of Floating Gas Plants
Chinese energy giant CNOOC Group is studying the possibility of building a multi-billion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea.
Crude Oil Prices Lower in Asia, Manufacturing Hits 5-Month High
The Asian trade oil prices has slipped following healthy gains in London and New York, but losses were limited as investors were cheered by signs of recovery in China’s manufacturing sector, Business Inquirer reports.
China and Russia Sign Key Gas Agreement
Russia’s state-controlled Gazprom signed a long-awaited megadeal to supply gas to China this week, which could ease the impact of Western sanctions on the country.
PetroChina faces U.S. securities complaint
An unidentified shareholder is taking legal action in the U.S. against PetroChina and four current or former executives for allegedly violating U.S. securities laws.
Swiber Holdings : The Flow of Success
Asia Outlook profiles Swiber Holdings Limited, a Singapore-based integrated construction and support services provider to the off shore oil and gas industry.
Trelleborg Group : Ahead of the Field
Off-shore operation Trelleborg Group is a global leader in the development, manufacture and supply of polymer-engineered solutions for the off shore oil and gas industry.
APECO : Power Success
APAC Outlook profiles Asia Projects Engineering Pte Ltd (APECO), a company primarily engaged in plant engineering work and maintenance.
Sinopec buys $1.5bn stake in Angola oil field
Sinopec, also known as China Petrochemical Corporation, has agreed a deal to buy U.S. firm Marathon Oil Corporation’s stake in an Angolan oil and gas field.
Shell presses ahead with world’s deepest offshore oil well
Royal Dutch Shell is pressing ahead with the world’s deepest offshore oil and gas production facility by drilling almost two miles underwater in the politically sensitive Gulf of Mexico.
Burberry sales up 9% on Chinese demand
Iconic British fashion group Burberry says sales jumped nine percent in the second half of its financial year thanks to a rise in Chinese demand for its products.
