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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Singapore: Houston subsea specialist sets up shop in Lion City, eyes Asia business.

WOM sets up shop in Singapore

Houston-based subsea component manufacturer, Worldwide Oilfield Machine (WOM) has set up a new facility in Singapore to service its clients in Asia.

Upstream staff 05 February 2010 06:11 GMT

The Singapore facility will undertake design, assembly and testing of manifolds to be delivered to shipyards in Singapore and South Korea, well-test companies and drilling contractors in Southeast Asia.

WOM's affiliate, Magnum Subsea Systems will also tap the new plant to service its clients in the region.

WOM now operates manufacturing plants in four other locations in Houston, India, Aberdeen and Dubai.

Published: 05 February 2010 06:11 GMT | Last updated: 11 February 2010 02:24 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

WOM sets up shop in Singapore

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