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.
Anglo-Dutch supermajor Shell plans further cost cutting and lay-offs in an effort to “sharpen” its performance and increase profits.
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.
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.
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.
| News | Regions | Hardcopy | Market Data | Careers | Web- tv | Events | Subscribe | Focus | About Upstream | Advertise |
| Exploration & Production | Field Development | Company News | Politics | Technology |
Happy day: PDVSA worker celebrates
Venezuelan state oil company PDVSA said 2007 profits rose by 15% to $6.3 billion on high oil prices and a reduction in costs.
Reuters reported that the company's profit jumped over 2006 results despite a 3% drop in sales to $96.2 billion.
It said costs fell 8%to $72.3 billion compared with 2006.
| 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 |
Our client is looking for highly motivated and highly skilled E&P professionals who can assist with increasing its export production capacity from 2.5 million bopd to...
Petro Staff
Incumbent will have high involvement with other divisions, vendors and other customers to ensure compliance with standards and regulations. Changes to services, procedures...
Sheffield Offshore
Our client is looking for highly motivated and highly skilled E&P professionals who can assist with increasing its export production capacity from 2.5 million bopd to...
Petro Staff
OMV Exploration & Production
OMV Exploration & Production
Pearl Energy
SBM Offshore
Sheffield Offshore
Orion Group
Roc Oil Company
Mentor IMC Group
Sheffield Offshore
Orion Group
Roc Oil Company
Mentor IMC Group
Brunel
Sheffield Offshore
Orion Group
Roc Oil Company
Brunel
Mentor IMC Group
Sheffield Offshore
Orion Group
Roc Oil Company
Brunel
Mentor IMC Group
Sheffield Offshore