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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Delays: Vanco Energy

Vanco faces delays with Dzata-1 wildcat

Houston-based explorer Vanco Energy is facing unexpected delays in drilling its debut Dzata-1 wildcat offshore Ghana in the Cape Three Points Deep Block.

Barry Morgan 02 June 2009 18:57 GMT

The Aban Abraham drillship mobilised to location on 26 April and spudded on 29 April but almost immediately suffered “drilling equipment issues” according to the company.

The unit has has since been unable to drill ahead due to technical problems which sources within the the Ghana National Petroleum Corporation attribute to refurbishment undertaken in South Africa before the drillship set sail.

The Aban Abraham had been retro-fitted for the capability to operate in water depths of up to 2000 metres.

Published: 02 June 2009 18:57 GMT | Last updated: 02 June 2009 20:04 GMT

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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

Vanco faces delays with Dzata-1 wildcat

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