Drilling & production - 15 February 2011

Xstrata has declared force majeure at its Ulan mine in New South Wales, Australia. Production at the mine has been forced to halt due to heavy rain.

Striking first oil is significant for any nation – and for any oil and gas company. But when oil flowed at the Jubilee field in Ghana, it was a particularly historic event.

A court in Ecuador has ordered Chevron Corp. to pay US$ 8.6 billion for damages to part of the Amazon region.

API believe that administration tax hike will hurt jobs, cut government revenue.