Drilling & production - 17 February 2012

EOG has reported significantly increased quarterly and annual profits.

A dedicated cluster group has been launched by ITF in Australia to drive forward the country's oil technology development.

The White House Office of Management and Budget (OMB) has received a set of laws regulating fracking in the US and is due to review them.

Encana Corp. has signed an agreement with Mitsubishi Corp. for the sale of 40% of the Cutbank Ridge partnership.

Det Norske Oljeselskap has been given the all clear to begin development of its Jette field.

Coal production and exports in Colombia rose last year, with predictions that production will hit 97 million t in 2012.

Because of its deals with the Kurdistan region, ExxonMobil has been banned from the latest round of bidding in Iraq.

As well as welcoming a new CEO, Petrobras has brought in two new directors.

TNK-BP has outlined plans covering US$ 4 billion worth of Arctic gas and oilfield development.

Drilling company Sevan, has announced a increased net loss and raised concerns over financing other projects.

Technip has reported a rise in profits, fuelled by strong oil prices.