Drilling & production

Energy consultancy firm ADIL has announced a £500 000 contract with Iona Energy.

Total has signed an agreement with Sinochem to sell TEPMA BV. This fully owned affiliate of Total holds a working interest in the Cusiana field as well as a participation in OAM and ODC pipelines in Colombia.

Technip was awarded two contracts, worth approximately €100 million by Tullow Ghana Limited, for the Phase 1A of the Jubilee project. The Jubilee field is located offshore Ghana at a water depth of 1300 m.

Construction and installation contracts have been awarded for Ofon Phase 2, which is scheduled to come on stream in 2014.

Citing rising oil and gas prices, Inpex reports a 28.6% increase in net income.

Analysts predict that the world’s second largest oil importer will see a slowdown of oil consumption.

Sembcorp has received an order from Sete Brasil for the construction of a drillship.

Talisman Energy has awarded The Craig Group a £ 50 million contract to build two new vessels to support Talisman’s North Sea operations.

Russian oil company Rosneft has seen record profits of US$ 12.45 billion.

Gerrit Lok, Hatch Africa’s director for coal gives an analysis of global coking coal demand and supply trends.

Aker Solutions has signed a frame agreement with Tullow Ghana Limited to provide well intervention services for the oil company's Jubilee and Tano deepwater fields offshore Ghana, West Africa.

Total, operator of the Hild license, has launched the development of this field located in the Norwegian North Sea. This development will represent an investment of US$ 4.2 billion (NOK 25.6 billion) and is subject to the approval of the Norwegian Ministry of Petroleum and Energy and Norwegian Parliament.

Beacon Hill Resources Plc., has announced a new find at Minas Moatize.

Patriot Coal Corp. has idled its Big Mountain complex in West Virginia citing weak demand.

Gordon Cope, Contributing Editor, reports on the new sources, new markets and new headaches involved in US natural gas production.