Drilling & production

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.

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.