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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Dry: Noble well comes up dry

Noble comes up dry

Houston-based Noble Energy’s West Tapir exploration well on Block 30 off Suriname in South America did not contain commercial hydrocarbons.

Upstream staff 17 June 2008 20:55 GMT

The well was drilled in 300 feet (91 metres) of water to a total depth of 12,700 feet.

Noble Energy holds a non-operated 45% working interest in Block 30.

The company said that West Tapir is the first well to be drilled off Suriname in over 20 years. The drilling results will be helpful in evaluating the basin.

Published: 17 June 2008 20:55 GMT | Last updated: 17 June 2008 20:55 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

Noble comes up dry

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