Drilling & production - 17 May 2012

It has been reported that the Brazilian navy is investigating an oil spill seen in the Jubarte field, which is operated by Petrobras.

A man accused of spreading malicious rumours on Twitter about Gulf Keystone Petroleum, which the company claims prompted a collapse in its share price, has been silenced by a legally binding agreement.

UTEC Survey has just announced two contracts, which will see the utilisation of additional vessels in West Africa and the Arabian Gulf.

Justin Lewis, chairman of Beacon Hill Resources plc, provides an update on its projects.

According to a recent statement, Repsol has filed a class action lawsuit against Argentina in response to the allegedly illegal takeover of YPF.

ABB has won an order worth US$ 18 million from Daewoo to supply energy efficient propulsion and electrical power systems for two new deep sea pipeline installation vessels that will build oil transport infrastructure off the coast of Brazil.

Apache Corp. has announced that it has found previously untapped reserves via an extension well, which is showing the highest production rates of any well drilled in the Beryl field since 2001.