Drilling & production

Figures show that the Brazilian state player reduced investment by 5.1% in 2011.

French company Total has announced a 16% rise in profits.

China Petroleum and Chemical Corp. has unveiled plans to invest US$ 8.41 billion by 2015.

Indian state owned ONGC has made five gas discoveries, one of which has been labelled “very significant”

After failing to reach agreements over job security miners in Australia have declared a seven day strike at BHP coking mines.

Brazil’s Petrobras has plans to lease 26 rigs over 15 years.

A letter to Prime Minister Vladimir Putin has outlined intentions to create a state owned oilfield services company.

Data showing a growing Chinese trade surplus has seen Brent crude prices slip from their six month high.

Vale uses Logmarin to develop the world’s largest floating bulk terminal

The government-imposed subsidy on upstream companies in India hits profits.

Brazilian state player Petrobras has discovered a new crude oil reservoir in the Santos Basin.

As production outstripped pipeline capacity in the Bakken shale, oil producers hit the wall and prices toppled.

Brent crude prices have continued to rise towards their highest value in the last six months.

French company Technip has signed a contract with Petrobras purportedly worth US$ 2.1 billion

Subsea UK hands out awards at its sixth annual awards ceremony.