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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EPA to launch shale gas probe
News wires 18 March 2010 14:02 GMTThe US Environmental Protection Agency (EPA) is set to announce later today that it will take a closer look at the affects shale gas drilling can have on the environment and on human health, a US congressman said.
AlMansoori teams up with Rodgers
Oilfield services provider AlMansoori Petroleum Services (MPS) has signed a joint venture agreement with US-based Rodgers Technology.
Aibel scoops up Statoil gig
Norwegian oil services company Aibel said today it has won a Nkr120 million ($22.1 million) contract from Statoil for modification work on Gullfaks and Visund.
Aker scores Brazil floater jobs
Norwegian engineering contractor Aker Solutions said it would supply sulphur removal systems for two floating production, storage and offloading vessels to operate off Brazil under a deal with Brazilian state-run oil company Petrobras valued at $41 million.
Bourbon and Schilling team on ROV
French player Bourbon Subsea Services and California-based Schilling Robotics are teaming up to design a new remote operated vehicles (ROVs) for underwater inspection, maintenance and repair.
MIS bags $55.4m rig refit job
UAE-based Maritime Industrial Services (MIS) said today that it has signed a $55.4 million contract with Abu Dhabi’s National Drilling Company (NDC) for the refurbishment of jack-up drilling rig NDC Al Bzoom.
Scana rises for FMC job
Nordic systems solution provider Scana said today it has been awarded a contract to deliver finished machined riser forgings for FMC.
Dong seals Iberdrola LNG deal
Spanish player Iberdrola will sell 1 billion cubic metres of liquefied natural gas per year to Denmark's Dong Energy from next year, it said today.
Odim bags $4.1m subsea gig
Norwegian contractor Odim said today it has won a Nkr24 million ($4.1 million) deal to supply two automated ODIM LARS launch and recovery systems.
Shell slows Colorado oil shale plans
Supermajor Shell has pulled a request for water rights from a river in Colorado, saying that the economic downturn has caused it to slow work on its oil shale research project.
Baker Hughes gets nod for Saudi laterals
US services giant Baker Hughes has won a two-year contract for two fit-for-purpose underbalanced coiled tubing drilling packages from state-run Saudi Aramco.
TGS holds on to Polarcus Nadia
Seismic player TGS said today it has exercised the option to extend the charter for the Polarcus Nadia for six more months following completion of the initial charter programme due to end in May.
Inpex to study Zakum injection plan
Japan’s Inpex said it would kick off a study together with its project partners into enhancing production from the lower Zakum oilfield off Abu Dhabi by injecting carbon dioxide into the formation.
| Dominion sells off E&P business for $3.5bn |
| Takeover talk boosts BG |
| Total primes Laggan-Tormore kick-off |
| Wintershall plans $4bn spend |
| Songa files for bankruptcy |
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