Drilling & production

The Mexican national oil company, Pemex, has announced the discovery of a light crude deposit in the southern Mexican state of Tabasco.

Europe’s largest oil services company has revealed that it has received US$ 800 million worth of new contracts in Mexico and Australia.

ONGC Videsh has revealed that it has agreed to spend US$ 5 billion on acquiring ConocoPhillips’ stake in the Kashagan project offshore Kazakhstan.

Malaysia’s national oil and gas company, Petronas has announced that it has made two gas discoveries offshore Malaysia’s Sarawak state.

The world’s largest dredging company has made a bid for Dockwise with a 61% premium.

The Linde Group has been commissioned by Norwegian-based Skangass AS to build a mid-scale LNG import terminal with a capacity of 30,000 m3 on the west coast of Sweden.

ANH, the regulating body of the Colombian hydrocarbon industry, has awarded 49 blocks in the country’s latest E&P round.

The European Commission has approved the merger between Xstrata and Glencore International.

South Sudan’s President, Salva Kiir, has stated that the resumption of oil production from the country has been delayed by new demands made by Sudan.

The Russian government has awarded two further offshore Arctic licences to Rosneft.

Lundin Petroleum has announced that it has struck approximately 60 m of gas pay offshore Malaysia.

Italy’s coal imports will rise by 12% this year to 19 million t, but its current market share remains the lowest in Europe, hitting the competitiveness of Italian industry, says industry association.

About 75% of US coal exports were shipped to Europe and Asia in 2012, continuing the growth of the past few years with exports this year expected to reach an all-time high, according to the US Energy Information Administration.

In a plea deal arranged with the US Department of Justice, BP has agreed to plead guilty to several criminal charges surrounding the Macondo spill, resulting in a fine of US$ 4.5 billion.

Iraq has revealed plans to spend up to US$ 150 billion on boosting the country’s future output to 12 million bpd