Drilling & production - 09 February 2012

The government-imposed subsidy on upstream companies in India hits profits.

Brazilian state player Petrobras has discovered a new crude oil reservoir in the Santos Basin.

As production outstripped pipeline capacity in the Bakken shale, oil producers hit the wall and prices toppled.

French company Technip has signed a contract with Petrobras purportedly worth US$ 2.1 billion

Brent crude prices have continued to rise towards their highest value in the last six months.

Subsea UK hands out awards at its sixth annual awards ceremony.

Energy consultancy firm ADIL has announced a £500 000 contract with Iona Energy.