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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Aramco eyes pre-salt: Middle Eastern giant said to want a stake in Brazil's oil riches.

'Aramco interested in Brazilian pre-salt'

Saudi Aramco is interested to explore for oil in Brazil’s pre-salt basin, Brazilian Chief of Staff, Dilma Roussef said.

News wires 30 September 2009 06:25 GMT

Aramco indicated its interest during President Luiz Incio Lula da Silva’s visit to Riyadh in May, Reuters cited Roussef as saying in a press conference.

Lula has invited Saudi Petroleum Minister Ali Naimi to Brazil to further ties between Petrobras and Aramco.

Roussef is tipped to succeed Lula as Brazilian president.

Published: 30 September 2009 06:25 GMT | Last updated: 30 September 2009 06:25 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

'Aramco interested in Brazilian pre-salt'

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