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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EnCore and Egdon fix deal
Upstream staff 22 March 2010 08:26 GMTLondon listed duo EnCore Oil has sealed an agreement with Egdon Resources for the sale of its UK and French onshore assets and an interest in the UK offshore Ceres gas field.
Prosafe casts off turret business
Oslo-listed floating production unit player Prosafe Production said it had agreed to sell its turret and swivel business to US equipment maker National Oilwell Varco for $165 million.
Bond dispute goes to arbitration
Norwegian explorer Noreco and the Norsk Tillitsmann - the public trustee - have agreed to let an arbitration panel resolve a disagreement over the conversion price of a convertible bond.
Kentz boosts bottom line
Irish engineering group Kentz posted a 9% rise in full-year pretax profit, boosted by a higher backlog of orders, and raised its total dividend by 5%.
Gulfsands farms in with AuDax
UK independent Gulfsands Petroleum is to farm in to Australia-based AuDax Resources’s onshore and offshore permits in Tunisia and off Italy.
BNK lines up Polish trio
US-based explorer BNK Petroleum said it had been awarded three oil and gas concessions in Poland’s basin covering a total of roughly 880,000acres.
Remedial ESV passes sea trials
Bankrupt well services outfit Remedial Offshore said its first elevating support vessel Remedial ESV Solution has completed sea trials.
EU gas crisis plans clears first hurdle
European Union proposals to force countries to build new emergency gas infrastructure have been given the nod by a parliamentary panel, but a requirement to prepare for 60 days of supply cuts was reduced to 45 days.
Songa files for bankruptcy
Norwegian company Songa Floating Production has filed for bankruptcy after its attempts to raise cash to service its debts failed.
Chinese players woo Statoil
Four Chinese companies said to be bidding for a 40% stake in a field off Brazil being sold by Norwegian giant Statoil, according to reports.
Takeover talk boosts BG
UK-based BG Group's share price surged today on renewed speculation that the gas giant was the target of a takeover bid.
Gulfsands knocks back bid
Syria-focused explorer Gulfsands Petroleum today rejected an unsolicited takeover approach, which a source familiar with the situation said was from an Indian company, adding the player was not Oil & Natural Gas Corporation (ONGC).
Hand takes wheel at Lamprell
UK-listed oil and gas engineering outfit Lamprell said it had appointed Chris Hand as its chief operating officer.
‘Too late’ for Reliance in Venezuela
It is "too late" for India's Reliance Industries to join a consortium for a Venezuela project, Oil Minister Murli Deora said today.
Dominion gets to work in Afirca
US independent Dominion said today it has secured a rig to drill the Ngaji-1 exploration well in the Lake Edward basin in Uganda.
PetroChina sets sights on the Mideast
China’s top energy company PetroChina has unveiled a plan to boost its presence in the Middle East in a move intended to increase foreign production to meet a shortfall from domestic fields.
Keppel takes Azerbaijan plunge
Singaporean giant Keppel Offshore & Marine is poised to strengthen its presence in the Caspian after sealing a deal with Azerbaijan's state-run producer Socar and the Azerbaijan Investment Company (AIC) to develop and manage a new 52 hectare shipbuilding and ship repair facility in Baku.
Gail eyes PNG gas assets
Indian gas company Gail is in talks with Canada's InterOil to buy a stake in upstream assets and new liquefied natural gas terminals in Papua New Guinea, Gail chairman BC Tripathi said today.
Prosafe casts off turret business
Oslo-listed floating production unit player Prosafe Production said it had agreed to sell its turret and swivel business to US equipment maker National Oilwell Varco for $165 million.
| Dominion sells off E&P business for $3.5bn |
| Takeover talk boosts BG |
| Songa files for bankruptcy |
| Total primes Laggan-Tormore kick-off |
| Wintershall plans $4bn spend |
Senior Level Exploration Staff
Our client is looking for highly motivated and highly skilled E&P professionals who can assist with increasing its export production capacity from 2.5 million bopd to...
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Contracts Engineer ( Drilling and Construction)
Incumbent will have high involvement with other divisions, vendors and other customers to ensure compliance with standards and regulations. Changes to services, procedures...
Sheffield Offshore
Senior Level Exploration Staff
Our client is looking for highly motivated and highly skilled E&P professionals who can assist with increasing its export production capacity from 2.5 million bopd to...
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Lead Contracts and Procurement Engineer
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- Yorkshire's bid to be at heart of UK CCS boosted
- Conservatives unveil 12-point UK energy agenda
- GE pledges major research boost for thin-film solar PV
- Southern California Edison opens bids for 250MW of rooftop solar
- China's GCL-Poly Energy looking to expand globally
- Vattenfall squeezes clean power from old rubber (trees)
- Lockheed Martin wins funds for ocean thermal energy
- Suntech wins deal that will double Taiwan's solar capacity
- GreenHunter secures $20m bond for biomass plant improvement
- NOL pledges end to lay-ups
- Bulkers trapped in Huron ice
- EMS handed short-term waiver
- Wartsila signs gas pact
- Paris pockets modest payout
- STX snares nine bulker haul
- Petredec in record VLGC low
- VLCC demo total grows
- Concordia's suezmax splash
- Keppel in new Baku yard
- Green Dragon keeps faith with year of tiger
- Kentz boosts bottom line
- Vessel rates fall on supply glut
- EnCore and Egdon fix deal
- Dominion gets to work in Afirca
- ?Pearl on track for year-end startup?
- Bond dispute goes to arbitration
- ?Too late? for Reliance in Venezuela
- Prosafe casts off turret business
- Petronas denies any major discovery