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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Keppel takes Azerbaijan plunge
Upstream staff 19 March 2010 12:17 GMTSingaporean 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.
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.
Kiev refuses to bail out Naftohaz
The Ukrainian government will not give financial aid to ailing energy company Naftohaz, the exclusive importer of Russian gas, for payments for gas supplies as of April, Prime Minister Mykola Azarov said.
'No Kovykta pay-out for TNK-BP'
TNK-BP will not be compensated for its investment at the Kovykta gas field should its licence be revoked, Natural Resources & Environment Minister Yuri Trutnev said.
Rosneft shrugs off Yukos moves
Russian giant Rosneft confirmed today that managers of defunct oil producer Yukos had won injunctions in US and UK courts seeking the seizure of some of its property, but denied that the court orders would hit its operations.
Kazakh workers halt strike
Workers at Kazakh producer KazMunaiGaz Exploration & Production (KMG EP) have ended a three-week strike at the OzenMunaiGaz (OMG) oil production unit, the company said today.
Technip in $48m Nord Stream splash
French engineering giant Technip has won a €35 million ($48.1 million) frame contract for work on the Nord Stream subsea gas pipeline, which will run from Russia rto Germany under the Baltic Sea.
Lukoil rethinks buyback plans
Russian producer will consider whether to launch a share buyback next month, company chairman Valery Graifer said today.
Medvedev set for Kiev trip
Russian President Dmitry Medvedev will visit Ukraine in May, setting the seal on a return to normal relations between the neighbours after five years of acrimony.
Yukos move 'freezes' Rosneft export cash
Rosneft faces an export deadlock after bankrupt rival Yukos won US and UK court injunctions which have made the process of making cash payments to Russian state-run producer in the West very complex, according to reports.
Total takes Kazakh slice
French giant Total has sealed a deal which will see it take a 50% slice in a Kazakhstan concession held by PetrolInvest subsidiary OilTechnoGroup (OTG).
Russia near East Siberia tax deal
Russia's Energy Minister said today oil companies could end up paying different export duties on East Siberian oil, a sign the finance ministry's fiscal hawks are getting the upper hand in the debate.
ConocoPhillips 'to halve Lukoil stake'
US supermajor ConocoPhillips is close to announcing that it plans to halve its stake in Lukoil, will sell 10% of its 20% interest in the Russian producer within three years, according to reports.
Petrobras beats forecasts
Petrobras said fourth-quarter net income rose 31%, more than analysts' forecasts, as the company pared back costs and expenses amid declining revenue.
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.
KNOC keen on Jubilee slice
South Korea's national oil company is interested in buying a stake in Ghana's giant Jubilee oil field, the Korean firm and Ghana's state oil agency said today.
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).
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.
Petrobras beats forecasts
Petrobras said fourth-quarter net income rose 31%, more than analysts' forecasts, as the company pared back costs and expenses amid declining revenue.
| Dominion sells off E&P business for $3.5bn |
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| Total primes Laggan-Tormore kick-off |
| Wintershall plans $4bn spend |
| Songa files for bankruptcy |
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...
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Senior Level Exploration Staff
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