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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Colombia rebels snatch oil workers
News wires 21 March 2010 23:42 GMTColombian 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.
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.
EIA defends accuracy of oil report
The US government's top energy forecaster defended the accuracy of its data today following a report that its weekly market-moving oil inventory report has contained several errors in recent years.
Services duo delay merger meeting
Houston-based Baker Hughes and BJ Services postponed their special shareholder meetings to approve their $4.8 billion deal as they continue to seek antitrust approvals from US regulators.
Shell wins eastern Gulf treble
Anglo-Dutch supermajor Shell and Canadian player Nexen have made a third oil find in the eastern Gulf of Mexico, with a probe drilled on the Appomattox prospect delivering the goods.
Ensco sells jack-ups for $95m
Ensco International said that subsidiaries of the company have sold two jack-up drilling rigs, Ensco 50 and Ensco 51 for the combined sale price of about $95 million.
ConocoPhillips names new Alaska boss
US supermajor ConocoPhillips has named Trond-Erik Johansen to replace Jim Bowles as the head of its Alaska operations.
Campeche Sound duo 'hold 2bn barrels'
Mexico's state-owned producer Pemex said the at the Ayatzil-Tekel and Tsimin-Xux fields, discovered two years ago in the Gulf of Mexico, could yield more than 2 billion barrels of oil.
Gulf Island scores Iraq oil defense gig
Louisiana-based Gulf Island Fabrication said a subsidiary had received a letter of intent to work as a sub-contractor in the construction of two 60-metre offshore support vessels for the Iraqi Navy.
US rigs up by 20
The number of oil and gas rigs drilling in the US increased by 20 this week bringing the total to 1427.
Enbridge boosts North Dakota flows
Calgary-based pipeline giant Enbridge Inc has more than doubled the capacity of the North Dakota system pipeline to handle up to 161,000 barrels per day, as crude output in the region increases, state officials said.
OSX raises $1.58bn as IPO fizzles
OSX Brasil raised 2.82 billion reais ($1.58 billion) in its initial public offering yesterday, less than expected and a setback to billionaire Eike Batista, who controls the start-up shipbuilding and oil services provider.
Chinese players woo Statoil
Four Chinese companies said to be bidding for a 40% stake in a field off Brazil being sold by Norwegian giant Statoil, according to reports.
EU gas crisis plans clears first hurdle
European Union proposals to force countries to build new emergency gas infrastructure have been given the nod by a parliamentary panel, but a requirement to prepare for 60 days of supply cuts was reduced to 45 days.
KNOC keen on Jubilee slice
South Korea's national oil company is interested in buying a stake in Ghana's giant Jubilee oil field, the Korean firm and Ghana's state oil agency 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.
Keppel takes Azerbaijan plunge
Singaporean giant Keppel Offshore & Marine is poised to strengthen its presence in the Caspian after sealing a deal with Azerbaijan's state-run producer Socar and the Azerbaijan Investment Company (AIC) to develop and manage a new 52 hectare shipbuilding and ship repair facility in Baku.
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.
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.
| 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 |
Senior Level Exploration Staff
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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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