Search results for: Primeline Energy

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  • 24 May 2016
    Business & Finance

    Chinese energy company Primeline Energy said on Wednesday it would start arbitration proceedings against oil giant CNOOC. The move follows the arbitration proceeds initiated by Primeline Energy last month against Zheijang Gas, relating to a dispute over non-payment for gas from an offshore gas field in China. Primeline Energy has now, as previously announced, turned […]

  • 16 June 2020
    Business & Finance, Regulation & policy

    Chinese energy company Primeline Energy has lost its case against CNOOC China Limited (CCL) and its parent company, China National Offshore Oil Corporation (CNOOC), regarding the sale of gas and development of the LS36-1 offshore field.

  • 7 September 2016

    China Oilfield Services Limited (COSL) has started arbitration proceedings against a subsidiary of oil and gas company Primeline Energy before the China International Economic and Trade Commission (CIETAC).  Primeline said on Tuesday that the arbitration against its subsidiary Primeline Energy Operations International Limited (PEOIL) is in relation to a claim for payment under the turnkey […]

  • 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 […]

  • 16 November 2015
    Exploration & Production, Project & Tenders

    Primeline Energy has started drilling the LS30-3-1 well in the East China Sea using the COSL HYSY 941 jack-up drilling rig. The new well follows the plugging and abandonment operations on LS23-1-1 well on October 28. The rig was then moved to the LS30-3-1 well location, and the well was then spudded on November 13 […]

  • 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 […]

  • 22 July 2014

    Primeline Energy said that trial production of gas from the LS36-1 gas field has now commenced. With the completion of the last section of the gas sales pipeline and connection to the provincial gas grid, the LS36-1 gas field development was completed on 1st July 2014. Since then CNOOC Limited, as operator, and the downstream […]

  • 19 December 2014
    Project & Tenders

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

  • 29 July 2014
    Business & Finance, Operations & Maintenance

    CNOOC Limited announced that the Lishui 36-1 gas field has commenced production. Lishui 36-1 gas field is located 150 kilometres away from Wenzhou city Zhejiang province, with an average water depth of approximately 84 meters. The gas field has 4 producing wells, and its primary production facilities include a comprehensive platform and a processing terminal. […]

  • 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 […]

  • 8 July 2010
    Business & Finance

    Primeline Energy Holdings Inc.  announced that it has received notification from CNOOC that the Supplemental Development Agreement for LS 36-1 gas field (the “SDA”) signed on 17th March has been ratified by the China’s Ministry of Commerce and has become effective. The SDA confirms that CNOOC exercises its right under the Petroleum Contract relating to […]

  • 18 June 2012
    Business & Finance

    CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Primeline Energy China Limited (PECL) and Primeline Petroleum Corporation (PPC) (jointly as “Primeline”) for Block 33/07 in the East China Sea. Block 33/07 is located about 390 kilometers of Shanghai in the East […]

  • 18 June 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Primeline Energy China Limited (PECL) and Primeline Petroleum Corporation (PPC) for Block 33/07 in the East China Sea. Block 33/07 is located about 390 kilometers of Shanghai in the East China Sea. It covers […]

  • 29 July 2014

    CNOOC Limited said that the Lishui 36-1 gas field has commenced production. Lishui 36-1 gas field is located 150 kilometres away from Wenzhou city Zhejiang province, with an average water depth of approximately 84 meters. The gas field has 4 producing wells, and its primary production facilities include a comprehensive platform and a processing terminal. CNOOC […]

  • 28 November 2016

    Exploration & production company Primeline Energy has received support from a group of Chinese banks amid the company’s ongoing arbitrations with Zhejiang Gas and CNOOC over a contract for the sale of gas from a field offshore China. Primeline informed on Monday that the group, made up of China Development Bank, China Export and Import Bank, […]

  • 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 […]

  • 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 […]

  • 18 August 2015
    Business & Finance, Exploration & Production

    Primeline Energy Holdings, an independent China focussed oil and gas exploration and production company, has entered into a turnkey drilling contract with China Oilfield Service Ltd. (COSL) for its 2015 exploration programme of two wells in Block 33/07 in the East China Sea. Primeline signed a letter of intent with COSL on July 22, 2015, […]

  • 29 July 2014
    Business & Finance, Project & Tenders

    CNOOC Limited has announced today that the Lishui 36-1 gas field, offshore China, has started production. Lishui 36-1 gas field is located 150 kilometres away from Wenzhou city Zhejiang province, with an average water depth of approximately 84 meters. The gas field has 4 producing wells, and its primary production facilities include a comprehensive platform […]

  • 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 […]

  • 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 […]