The Annual Offshore Engineering Technology & Equipment Event
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The 15th Beijing International Offshore Engineering Technology & Equipment Exhibition

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BEIJING,CHINA

March 26-28,2025

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Industry News
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22 2022-02

Adnoc awards deals worth $1.94bn to boost oil production capacity

The deals have been awarded to Schlumberger Middle East, ADNOC Drilling, Haliburton Worldwide, and Weatherford Bin Hamoodah.Adnoc aims to increase its crude oil production capacity to 5MMbpd.........

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03 2021-11

Demand For LNG Is Only Going To Rise

The recent energy crunch in Europe and Asia has reemphasized the importance of natural gas and LNG LNG producers around the world are investing billions in increasing capacity follower the r.........

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03 2021-11

Oil prices rose 11% in October on diminishing global stockpiles

(Bloomberg) Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles. Futures in New York rose 0.9% on Friday. Oils advance this month shows the.........

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15 2021-03

Higher oil revenue gives Putin room to challenge Russian discontent

(Bloomberg) Rising oil prices and a weak ruble could provide the Kremlin with as much as $33 billion in extra cash for social spending this year, giving Vladimir Putin the financial wherewit.........

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15 2021-03

CNOOC Limited Announces a Large-sized Oil and Gas Discovery of Bozhong 13-2 in Bohai

HONG KONG, Feb. 21, 2021 /PRNewswire/ CNOOC Limited (the Company, SEHK: 00883,NYSE: CEO, TSX: CNU) announced today that the Company made a large-sized oil and gas discovery Bozhong 13-2 in B.........

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15 2021-03

Oil prices reach one-year high as global crude supplies shrink

(Bloomberg) Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand. Futures in New York climbed.........

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15 2021-03

Big Oil Clashes Over Fossil Fuel Future

Executives from major oil companies clashed over the prospects of oil and gas for the future at the first virtual edition of the CERAWeek conference in Houston. While BPs Bernard Looney and .........

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15 2021-03

Is This The World’s Next Big Offshore Oil Region?

The COVID-19 pandemic, 2020 crude oil price crash and ongoing global petroleum supply glut have done little to slow the growth of South Americas massive offshore oil boom. The colossal oil b.........

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11 2021-03

LNG Shipping Market Primed for Growth After Scramble for Supply

Photo: Oleksandr Kalinichenko / Shutterstock By Jonathan Saul LONDON, March 5 (Reuters) Liquefied natural gas (LNG) ships are set to receive an earnings boost from restocking demand after co.........

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12 2021-01

Asian oil refiners target European crude as Saudi output falls

(Bloomberg) --Asias oil refineries have been rushing to buy up crude cargoes from Europe after Saudi Arabias surprise decision to unilaterally cut output in February and March. Unipec, the t.........

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11 2019-01

Oil edges up following report of tiny U.S. crude stockpile draw

NEW YORK (Bloomberg) Crude hovered near $45/bbl following a U.S. government report showing a fourth straight decline in oil stockpiles. Futures in New York edged up after the Energy Informat.........

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30 2018-08

The offshore wind generator market will be $16 billion by 2024

The offshore wind turbine Market is expected to be worth more than $16 billion by 2024, according to a new report from Global Market Insights. By 2024, the market for all wind turbines, both.........

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03 2018-08

Total is operating on Angola's largest drilling platform

French oil company total petroleum announced that its deep-sea drilling platform in the Kaombo offshore oil production area of southwest Africa, the largest drilling platform for total in An.........

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31 2018-07

The market has recovered modestly, with limited demand for new construction

In the first half of 2018, the global Marine engineering equipment operation market continued the mild recovery trend since the second half of 2017 due to the rising oil price. Equipment uti.........

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26 2018-07

Mawei shipbuilding co., LTD. Two 1162TEU - supported linear container ships out of the doc

On July 25, two 1162TEU streamlined container ships (mw439-1/2 #) built by mawei shipyard for COD were successfully docked. It is reported that this series of vessels, with a total length of.........

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