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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DOF Subsea grabs Maersk gig

Subsea engineer DOF Subsea UK has signed a deal with Danish Maersk to provide construction services at Curlew field, Block 29/7 in the North Sea.

Upstream staff 21 May 2009 17:34 GMT

The scope of work includes the offshore recovery of mooring chains, clump-weights and wires, offshore and onshore inspection of mooring chains, installation of new wires, chain connectors, mooring chains and clump weights.

DOF Subsea is chartering the vessel Olympic Zeus and will be installing the company’s XLX 38 Triton remotely-operated vehicle onboard the vessel for the work, the company said in a release.

A DOF Subsea representative did not immediately respond to questions from UpstreamOnline about the value of the contract.

Published: 21 May 2009 17:34 GMT | Last updated: 27 May 2009 09:35 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

DOF Subsea grabs Maersk gig

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