Drilling & production

INA has recorded a 90% rise in profits

Seadrill has placed a US$ 1.2 billion drillship order with Samsung Heavy Industries.

For the first time since 2005, Roc Oil has recorded an annual profit.

GE Oil & Gas has received a contract of more than US$ 150 million from Apache in Australia to supply subsea equipment for the Julimar development project, located offshore near Dampier in Western Australia.

The American Petroleum Institute has called the President’s approach to energy security a Jekyll and Hyde approach and says it hurts consumers.

Statoil have awarded Technip a contract, valued above €150million, for the major Åsgard subsea compression project located in the Norwegian Sea, 40 km east of the Åsgard field, at a water depth of 340 m.

Petmin has signed a renewable five-year agreement that will enable it to export up to 600,000 tpa of metallurgical anthracite from Grindrod Terminals Kusasa dry bulk facility in Richards Bay.

Federal prosecutors have filed charges of conspiracy to defraud the US federal Government against the former managers of Massey Energy, who were in charge of the company at the time of the Upper Big Branch (UBB) mine disaster that killed 29 coal miners in April 2010.

Drax Group plc has abandoned plans for a dedicated biomass power plant, but pledged to invest £50 million to increase its biomass co-firing capacity.

The USA and Mexico have agreed to work together when drilling for oil and gas that goes beyond the shared maritime boundary. The US secretary of State Hilary Clinton and The Mexican Foreign Secretary signed the deal yesterday in the presence of the Mexican President Felipe Calderon and the US Interior Minister Ken Salazar.

Anadarko has encountered more gas reserves in its Lagosta 3 appraisal well, providing more gas for its proposed LNG liquefaction project.

Technip was awarded a lump sum contract by Hess Corporation for the development of the Tubular Bells field, located in the Mississippi Canyon area of the Gulf of Mexico at a water depth of approximately 4500 ft (1370 m).

Chevron and its partners have plans to spend US$ 8 billion on expanding a Kazakh oilfield.

A joint venture between Thiess and EV LNG Australia (EVT) has won an approximately US$ 500 million contract to build LNG storage and condensate tanks for the Chevron operated Wheatstone project.

Yemen LNG is to divert 20 cargos a year to Korea for the next three years to take advantage of the higher LNG spot prices as the US market has been depressed due to the impact of the shale gas discoveries there.