Search results for: PrimeLINE

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  • 29 May 2017

    Primeline Energy has now completed all the procedures under the recently agreed settlement agreements relating to the disputes with Zhejiang Gas and China Oilfield Service Ltd (COSL). As previously announced on March 1, settlement agreements were signed between Primeline and CNOOC China Ltd (CCL) and CCL with Zhejiang Gas relating to the dispute Primeline had […]

  • 15 April 2016

    Chinese energy company Primeline Energy has started arbitration proceedings against Zheijang Gas, relating to a dispute over non payment for gas from an offshore gas field in China. In addition, the company is looking to start another arbitration, against its partner in the field in question, CNOOC. According to Primeline, the dispute relates to the […]

  • 1 December 2015
    Project & Tenders

    Primeline Energy Holdings has completed its drilling operations at the LS30-3-1 well, in the East China Sea, without discovering hydrocarbons. This is the second dry well for Primeline in its two-well drilling campaign in the East China Sea as the company’s first well, the LS23-1-1 well, proved to be a non-commercial discovery. LS30-3-1 is located approximately 20km […]

  • 27 March 2017

    E&P company Primeline Energy has received the full payment due under the recently agreed settlement of the dispute with Zhejiang Gas in relation to the gas sales contract for LS36-1 (GSC), off China.  The settlement agreements were signed in early March between Primeline and CNOOC China Ltd (CCL) and CCL with Zhejiang Gas relating to […]

  • 18 April 2014
    Business & Finance

    Forty-six years after pioneering the first front-wall, or “picture-frame,” refrigeration unit, Carrier Transicold Pte Ltd presented its 1 millionth unit during a ceremony at its Singapore manufacturing facility. The milestone unit, a PrimeLINE unit with XtendFRESH atmosphere control system, was presented to CMA CGM, the world’s third-largest container shipping company. Carrier Transicold, which helps improve […]

  • 5 May 2016
    Project & Tenders

    Primeline Energy has agreed with China National Offshore Oil Corp. (CNOOC) that it will enter the next and second phase of exploration commitment under the petroleum contract for Block 33/07, in the East China Sea.  Block 33/07 is located about 390 kilometers of Shanghai in the East China Sea, with water depth of 90 meters. Primeline […]

  • 2 March 2017

    China-focused E&P company Primeline Energy has settled its dispute with Zhejiang Natural Gas Development Company in relation to the gas sales contract (GSC) for LS36-1, off China.  The company has been in dispute with Zhejiang Gas regarding the price payable under the gas sales contract. According to Primeline’s statement from Wednesday, Zhejiang Gas did not pay […]

  • 24 September 2015
    Exploration & Production

    Primeline Energy Holdings Inc. Wednesday announced the drilling of its LS23-1-1 exploration well, in the East China Sea, has started, tapping into resources near its LS36-1 gas field production facility. As Primeline recently reported, its drilling contractor China Oilfield Services Ltd started to tow the drilling rig, HYSY941, on September 15. The rig arrived at […]

  • 30 October 2015
    Exploration & Production, Project & Tenders

    Primeline Energy Holdings Inc., an oil and gas exploration and production company, has plugged and abandoned one of its East China Sea wells as the well is not a commercial discovery.  The LS23-1-1 well was the first of two exploration wells in Primeline’s current campaign in the East China Sea. The company said it would now […]

  • 13 October 2015
    Business & Finance

    Primeline Energy Holdings has secured extension of exploration period for Block 33/07 in the East China Sea. In an announcement on Tuesday, Primeline said it had signed an amendment agreement relating to the Petroleum Contract with China National Offshore Oil Corp (CNOOC). According to Primeline, the agreement was signed on October 9, 2015, to extend phase one […]

  • 30 October 2012
    Business & Finance

      Primeline Energy Holdings Inc. has received confirmation of the approval of the petroleum contract for Block 33/07 (“Petroleum Contract 33/07”) from the Ministry of Commerce in China. As previously announced, Primeline and CNOOC entered into a new petroleum contract for Block 33/07 on 15th June 2012. Petroleum Contract 33/07 was subject to the approval […]

  • 24 July 2015
    Business & Finance, Exploration & Production

    Primeline Energy Holdings Inc. has signed a Letter of Intent (LOI) for the drilling operations of the forthcoming exploration programme in Block 33/07 in the East China Sea.  In the last few months, Primeline has been in discussion with a number of potential drilling contractors in the region to secure contract terms for drilling operation […]

  • 18 September 2015
    Exploration & Production, Project & Tenders

    Primeline Energy Holdings Inc. has announced that its drilling contractor China Oilfield Service Ltd. (COSL) has started the mobilization of the rig for the drilling operation of LS23-1-1 well in the East China Sea.  Following the signing of the drilling contract by Primeline with COSL on August 17, 2015, COSL has completed the site survey […]

  • 6 May 2014

    Primeline Energy Holdings Inc. today announced that its contractor, China Oilfield Services Ltd. (COSL), has completed the 3D seismic survey of 600 sq. km in Block 33/07, East China Sea announced by Primeline on March 31, 2014.   The survey started on March 31 and as the weather and sea conditions were good, COSL was […]

  • 19 November 2014
    Business & Finance, Project & Tenders

    China’s Primeline Energy Holdings Inc. and its affiliate firm Primeline Petroleum Corp. (PPC) have found the cash to pay for its share of the costs for the development of an offshore gas field in China. The formal documentation for the financing package was signed between the company and banks on Monday, November 17. The financing will […]

  • 1 April 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    Primeline Energy Holdings Inc. announced that its contractor, China Oilfield Services Ltd. (COSL), has commenced the 3D seismic survey in Block 33/07, East China Sea. As announced in December 2013, Primeline signed a turnkey contract with COSL for a 600sq km 3D seismic survey in Block 33/07 (“the Survey”) as part of its rolling development […]

  • 2 June 2010

    Primeline Energy Holdings Inc. (“Primeline” or the “Company”)  today announces that it has completed the drill stem test (DST) programme for the LS 35-3-1 exploration well in Block 25/34 East China Sea and has confirmed a hydrocarbon discovery. This discovery opens up a new exploration play in the East China Sea for Primeline. The discovery […]

  • 3 July 2014
    Project & Tenders

    Primeline Energy Holdings Inc. today announced that the development of its LS36-1 gas field offshore China has been completed and it is ready for commissioning and first gas production.

  • 30 October 2012
    Business & Finance, Operations & Maintenance

    Primeline Energy Holdings Inc. announced that it has received confirmation of the approval of the petroleum contract for Block 33/07 (“Petroleum Contract 33/07”) from the Ministry of Commerce in China. As previously announced, Primeline and CNOC entered into a new petroleum contract for Block 33/07 on 15th June 2012. Petroleum Contract 33/07 was subject to […]

  • 19 December 2014
    Business & Finance, Operations & Maintenance

    Primeline has started the commercial production at its LS36-1 gas field, after trial production having been successfully completed. The production period under the Petroleum Contract for Block 25/34 has accordingly began. The Joint Management Committee (JMC) established by China National Offshore Oil Corporation (CNOOC), the Company and Primeline Petroleum Corp. (PPC) for Block 25/34 has […]

  • 12 February 2013
    Business & Finance, Operations & Maintenance

    Primeline Energy Holdings Inc. (“Primeline” or the “Company”) announces that it has received confirmation that the credit committee of China Development Bank (“CDB”) has approved in principle the project finance facility to be made available by CDB to the Company for the development of the LS36-1 gas field (“Development”). As announced by Primeline on November […]

  • 11 February 2013

    Primeline Energy Holdings Inc., an exploration and development company focusing exclusively on China, has received confirmation that the credit committee of China Development Bank (“CDB”) has approved in principle the project finance facility to be made available by CDB to the Company for the development of the LS36-1 gas field. As announced by Primeline on […]