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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Approved: Suroco Energy lands concession in Colombia

Suroco gets to work in Colombia

Colombia's National Agency of Hydrocarbons has handed the Alea 1947 C Block, in Putumayo, to a consortium involving Calgary-based Suroco Energy.

Upstream staff 26 June 2008 21:43 GMT

Alea 1947 C covers about 235 square kilometres and lies north-east of the Suroriente Block.

The work commitment for the block includes shooting 100 kilometres of new 2D seismic over the next 18 months. The seismic work should cost about $3 million.

Suroco has a 15.9% stake in the block through its wholly-owned subsidiary NCT Corporacion Petrolera Latinoamericana.

Published: 26 June 2008 21:43 GMT | Last updated: 27 June 2008 07:35 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

Suroco gets to work in Colombia

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