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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Pleased to meet you: Vladimir Putin

US giants queue up for Putin

Russian President Vladimir Putin is set to meet executives from US supermajors ExxonMobil, Chevron and ConocoPhillips as they look to boost business in Russia.

Upstream staff 14 September 2005 09:21 GMT

Russian agencies quoted Kremlin sources as saying the meeting will take place during Putin's visit to New York for the United Nations' summit, which begins today.

All three US supermajors are bidding to take part in the development of Gazprom's Shtokman gas field.

Gazprom is due to make public a short-list of five bidders for Shtokman out of nine contenders.

Published: 14 September 2005 09:21 GMT | Last updated: 14 September 2005 09:21 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

US giants queue up for Putin

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