Drilling & production

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.

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.