Drilling & production

The Danish government has stuck to its forecast of an 8% decline in oil production for 2012.

Spanish company Repsol’s imminent departure from operations in Cuba is, according to analysts, a potentially “irrecoverable” blow to the communist Caribbean island’s dreams of oil riches.

Solid Energy is refocusing its coal seam gas development work to Taranaki after successfully proving the technology in New Zealand conditions at its Huntly coal seam gas demonstration plant in the Waikato.

BP has awarded Emerson a multi-million dollar contract to provide automation technology for its North Sea oil production operations.

Spanish company Repsol has announced that it is to abandon operations offshore Cuba after a test well came up dry.

Xstrata Coal has resumed operations at its Blakefield South mine, and expects to return to full production by mid-July.

Russian oil company Bashneft posted increased profits for Q1 of this year, citing higher output and improved sales.

A group led by Kuwait Energy has won Block 9 in Iraq’s latest oil and gas bidding round. Tougher contracts could be scaring off investors.

The price of Brent crude has fallen again, risking its biggest monthly drop in two years. Disappointing news from China and fears about the Spanish banking system has, at least temporarily, eroded gains made as a result of the Iranian nuclear question.

Statoil has revealed that a gas leak occurred at the company’s Norwegian North Sea Heimdal platform.

Spanish company Repsol has revealed major plans designed to increase growth through extensive use of the company’s upstream wing over the next four years.

BP yesterday signed a MoU to provide long-term LNG supply to Indonesia’s state electricity company.

Royal Dutch Shell has revealed that it plans to call a halt on its oil exploration projects in the North African country of Libya. The company has blamed “disappointing results” which mean, “exploration cannot be economically justified.” BP has finally withdrawn its claims of force majeure, plans to enter talks with NOC.

May 2012: This article is not about the importance of being honest in the workplace. It is about the word 'brutal' and its hidden impact on the bottom line, the culture and management’s credibility.

A bill banning gas flaring, which will come into force at the end of this year, is being passed through the Nigerian government and is close to finalisation.