CNOOC Ltd broadens horizons
CNOOC Ltd, the listed unit of China National Offshore Oil Corporation (CNOOC) is embarking on a plan that envisages increased co-operation with foreign oil companies at home and overseas as it works to meet a targeted hydrocarbon production growth rate of between 6% and 10% per annum from now until 2015.
Voser sharpens axe for Shell
Anglo-Dutch supermajor Shell plans further cost cutting and lay-offs in an effort to “sharpen” its performance and increase profits.
Oil holds as Opec steers steady ship
OIL prices were robust this week, ending on a positive note on Wednesday due to a weak US dollar and after Opec decided to keep output targets steady.
Qatar cool on LNG demand downturn
Gas superpower Qatar is not alarmed over threats to its liquefied natural gas exports from a downturn in global demand and is keeping open the option of further developing its massive North Field reserves once a self-declared ban ends in 2014, Qatari Oil Minister Abdullah al-Attiyah told Upstream.
Nisconi clean sweep at South Mahakam
Japan’s Nippon Steel is poised to land all four turnkey contracts valued at more than $200 million in total at Total’s South Mahakam gas and liquids development off Indonesia.
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PetroChina sets sights on the Mideast
Xu Yihe 22 March 2010 05:38 GMTChina’s top energy company PetroChina has unveiled a plan to boost its presence in the Middle East in a move intended to increase foreign production to meet a shortfall from domestic fields.
Shanghai lines up gas sources
Shanghai, China’s largest commercial city, has secured multiple sources for natural gas supply over the next five years.
Arrow backs boosted Shell offer
Australian coalbed methane player Arrow Energy has accepted a higher takeover offer from a joint venture of Shell and PetroChina that splits off the company's international assets into a separate unit.
Windermere survey gets cracking
Australia listed Bass Strait Oil said the Windermere 3D seismic survey has commenced over the weekend in Otway basin permit PEP 167 in the Victoria state of Australia.
Gulfsands farms in with AuDax
UK independent Gulfsands Petroleum is to farm in to Australia-based AuDax Resources’s onshore and offshore permits in Tunisia and off Italy.
Oil slips on surprise Indian rate hike
Oil fell towards $80 a barrel today, extending the previous session's near 2% drop, dragged by a stronger dollar on nagging worries over Greece's debt while India's surprise rate rise stoked fears over demand.
MEO forges on at Artemis
MEO Australia said it would press ahead with appraisal drilling of the Artemis prospect off Western Australia later this year despite delays in farming out a stale in the permit due to disagreements among the project partners.
Southeast snaps up Frontier Pipeline
Arizona-based Southeast Directional Drilling said it had bought the assets of Minnesota-based horizontal directional drilling outfit Frontier Pipeline.
Indonesia woos Korean LNG investment
Indonesia will invite South Korean investors to build liquefied natural gas receiving terminals to supply domestic gas, Evita Legowo, Indonesia's director general for oil and gas said today.
Qatar to boost India LNG exports
Qatar plans to raise its supply of Liquefied Natural Gas to India to 11.5 million tonnes from 2014, against the current 7.5 million tonnes a year, Qatar Oil Minister Abdullah al-Attiyah said in New Delhi.
PTTEP backs out from Bengara I
Thailand’s national oil company PTTEP has withdrawn its entire 40% stake from Indonesia’s Block Bengara I.
Remedial ESV passes sea trials
Bankrupt well services outfit Remedial Offshore said its first elevating support vessel Remedial ESV Solution has completed sea trials.
Texon lifts reserves
US-focused Texon Petroleum saw its share of proved and probable reserves climb 40% over six months to 3 million barrels of oil equivalent by the end of 2009.
Primeline moves on at Lishui
London-based independent Primeline Energy signed a number of agreements on Friday for developing the Lishui 36-1 gas field in the East China Sea, making Primeline the first foreign company involved gas development in the area.
Colombia rebels snatch oil workers
Colombian guerrillas have kidnapped five local oil contractors near a US-operated oilfield, taking them into mountainous terrain near the Venezuelan border with troops in pursuit, local officials said.
BNK lines up Polish trio
US-based explorer BNK Petroleum said it had been awarded three oil and gas concessions in Poland’s basin covering a total of roughly 880,000acres.
Gulfsands says bid ‘inadequate’
UK-listed Gulfsands Petroleum has rejected a bid from from India Oil Corporation (IOC) and Oil India, saying the offer was “wholly inadequate”.
Petrobras beats forecasts
Petrobras said fourth-quarter net income rose 31%, more than analysts' forecasts, as the company pared back costs and expenses amid declining revenue.
| Dominion sells off E&P business for $3.5bn |
| Takeover talk boosts BG |
| Total primes Laggan-Tormore kick-off |
| Songa files for bankruptcy |
| Wintershall plans $4bn spend |
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Incumbent will have high involvement with other divisions, vendors and other customers to ensure compliance with standards and regulations. Changes to services, procedures...
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