Company Overview and News


Add 0196
to your dashboard

Headline News

Wood Group wins FEED contract for first-of-its-kind LNG production platform

2017-11-20 worldoil
HOUSTON -- The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its LNG platform development in the West Delta area of the Gulf of Mexico. (25-0)

Wood to Design Pioneering LNG Platform

2017-10-18 rigzone
The Honghua Group Limited has awarded Wood a $12 million front-end engineering design (FEED) contract for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico, Wood announced Tuesday. (25-0)

Wood wins FEED contract for first-of-its-kind LNG production platform

2017-10-17 worldoil
HOUSTON -- The Honghua Group Limited has awarded a $12-million, front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico. (25-0)

How China Aerospace will turn struggling Honghua’s fortune around

2017-06-14 scmp
Honghua is banking on its new state-owned giant shareholder to bail it out of losses through clinching new orders from Chinese oil giants and financial support from Chinese banks

Technology helps provide answers for market woes

2016-12-31 worldoil
“Something has to change.” In a down rig market, the call-to-action weighs heavily on technology to find a way to do things differently—reduce cost, improve performance or provide another option. Innovative engineering seldom has had more fertile ground than it does today.

Honghua shares tumble after being folded into China Aerospace

2016-12-20 scmp
Honghua Group, one of the world’s largest assemblers of onshore oil and gas drilling rigs, has been folded into state-owned China Aerospace Science & Industry Corp (CASIC), in a restructuring of the unprofitable and debt-ridden rig maker amid the global slump in oil prices.

Honghua receives land drilling rig contract

2016-03-21 energyglobal
Honghua Group Ltd. has announced that Honghua Golden Coast Equipment FZE, a wholly-owned subsidiary of the Group, entered into a sales agreement with Kuwait Drilling Company K.S.C 15 March 2016. The total amount is approximately US$15 million (approximately HK$118 million). As per the agreement, a 7000 m cluster well drilling rig is expected to deliver to KDC by the end of 2016.

Honghua Obtains Land Drilling Rig Contract from KDC with a Total Amount of US$15 Million

2016-03-21 prnewswire
CHENGDU, China, March 21, 2016 /PRNewswire/ -- Honghua Group Ltd. ("HH") (Stock Code: 196.HK), a leading global land drilling rig manufacturer, is pleased to announce that Honghua Golden Coast Equipment FZE ("HH Golden Coast"), a wholly-owned subsidiary of the Group, entered into a sales agreement (the "Sales Agreement") with Kuwait Drilling Company K.S.C ("KDC") on 15 March 2016, with a total amount of approximately US$15 million (approximately HK$118 million).