Drilling & production

The world’s largest shipbuilding company has agreed to an order for US$ 1.1 billion worth on construction projects.

Chevron Corp. is planning to expand production at the Tengiz field in Kazakhstan by 250,000 – 300,000 bpd using sour gas injection technology.

Technip was awarded a contract by Kuwait Gulf Oil Company (KGOC), for the engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project. The project is spread over onshore and offshore locations in two countries, Saudi Arabia and Kuwait.

Italian giant Eni has reported a 9.1% rise in profits.

The world’s leading oil exporter has offered to supply additional crude to India.

DNO international has doubled production, reaching record levels.

The partners of JKC JV have signed a contract worth US$ 15 billion with the Japanese owners of the project, Inpex.

The American Petroleum Institute say the President’s budget would tax one of the nation’s biggest job creators.

Worries over possible Iranian interference in oil supplies going through the Strait of Hormuz are continuing to drive up prices.

Cockatoo Coal’s Collingwood and Taroom projects have received “significant project” status from the Government of Queensland.

Maria das Gracas Foster officially became the new CEO of Petrobras on Monday

Territorial disputes fuelled by the prospect of oil and gas reserves are hindering E&P activities in the Asia-Pacific region.

Weatherford International Ltd. has had all claims against the company in the multi-district litigation over the cause of the Macondo blowout and oil spill dismissed.

Italian oilfield services contractor, Saipem has hit record profit levels.

The Greek government has agreed to strict austerity measures, leading to a rise in crude prices.