Drilling & production - 25 July 2012

Tullow has posted a boosted net profit for the first half of 2012 as a result of a farm-down of the company’s Ugandan assets.

US authorities have launched a “multi-week” live drill to test their ability to deal with a major offshore oil spill.

A deal to end the conflict over oil between Sudan and South Sudan could still be a long way off as a recent proposal by South Sudan has been rejected by Khartoum.

Chevron North Sea Ltd has selected WorleyParsons and its INTECSEA subsidiary to execute the FEED for the Facilities associated with Rosebank field, which include an FPSO and subsea infrastructure.