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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Western Australia: state draws Petronet's interest for proposed Kimberley LNG hub.

Petronet keen on Kimberley hub

India’s Petronet LNG is interested to invest in Western Australia's proposed Kimberley liquefied natural gas hub, chief executive Prosad Dasgupta said.

Wire service 12 August 2009 01:29 GMT

The company is "very keenly pursuing" the Kimberley venture and plans to meet with Kimberley officials while visiting Perth, Dow Jones quoted Prosad as saying at an LNG conference yesterday.

Woodside Petroleum has backed the WA government’s plan to locate the proposed hub at James Price Point in the Kimberley. If the plan goes ahead, the hub will process gas from Woodside-operated Browse basin gas fields.

Published: 12 August 2009 01:29 GMT | Last updated: 12 August 2009 02:41 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

Petronet keen on Kimberley hub

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