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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Ole!: Toreador spuds French well.

Toreador spuds French wildcat

Paris-based Toreador Resources spudded the La Garenne LGA-1D exploration well in its 100%-owned Rigny le Ferron permit in the Paris basin in France.

Upstream staff 16 November 2009 21:22 GMT

The MR7500 rig, contracted through French driller Compagnie Forage Cofor, will drill to a total depth of about 1550 metres.

The well is projected to take 20 days to drill.

Toreador is targeting two reservoirs within the middle Jurassic Dogger formation.

Published: 16 November 2009 21:22 GMT | Last updated: 16 November 2009 21:22 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

Toreador spuds French wildcat

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