Drilling & production - 12 March 2012

Concerns over growth in Europe and China coupled with the possibility of diplomatic resolutions to crises in the Middle East has seen Brent crude prices fall.

Anadarko Petroleum has discovered gas reserves of between 90 million and 100 million ft3/d

The Brazilian state giant Petrobras confirms that it has struck oil at Nordest de Tupi.

ExxonMobil and GE have publicly announced their support for a new university initiative designed to help bring latest LNG best practices to shale development.