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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On the job: the Geowave Commander

Wavefield charts Libya course

Norway's Wavefield Inseis is setting sail for Libya to carry out a 3D seismic shoot over Block 18 for Brazilian giant Petrobras.

Upstream staff 07 December 2006 12:35 GMT

The shoot is set to start by the end of the first quarter next year and should take about one-and-a-half months.

The MV Geowave Commander will shoot a 850 square kilometre survey over the block, which lies in the Pelagian basin, in the south-east Mediterranean Sea.

Financial details of the job were not made public.

Published: 07 December 2006 12:35 GMT | Last updated: 07 December 2006 12:35 GMT

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news from other nhst publications

CNOOC Ltd broadens horizons

Voser sharpens axe for Shell

Oil holds as Opec steers steady ship

Qatar cool on LNG demand downturn

Nisconi clean sweep at South Mahakam

Wavefield charts Libya course

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