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Tag Archives: China National Offshore Oil Corp.

Two Chinese energy executives under investigation

BEIJING – Two senior energy executives are under investigation, authorities in China said on Thursday, as a corruption crackdown on state-owned enterprises continues to fell top officials. The deputy general manager and board member of state-run China Southern Power Grid, Xiao Peng, is under criminal investigation for “work-related crimes,” the procuratorate in Guangdong province said in a statement on its ...

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China finds sizable natural gas field in South China Sea

BEIJING — State media says China has found more than 100 billion cubic meters of natural gas in the politically volatile South China Sea. The natural gas was discovered at the Lingshui 17-2 gas field, 150 kilometers south of China’s southernmost island of Hainan. The Xinhua News Agency said the Ministry of Land and Resources has approved it as a ...

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EXCLUSIVE: Asian buyers line up for Mozambican LNG with new deals

offshore rig

MILAN/SINGAPORE, Oct 30- Countries across Asia are quietly reaching deals to import liquefied natural gas (LNG) from Mozambique, which could transform its economy and give it a front-row seat in tapping rising global gas demand. The unannounced agreements, five in total, show how war-scarred Mozambique is elbowing past rivals from the United States to Australia by offering flexible contract terms ...

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China rig finds gas after Vietnam sea standoff


Ian Mader | Associated Press BEIJING — The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday. The discovery by China National Offshore Oil Corp. was made about a month after its rig withdrew ...

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