Drilling & production

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.

Huanqui bought a 19.9% stake in LNG Ltd and signed a new contract with the company.

Aker Solutions has acquired Norwegian engineering company Sandnessjøen Engineering.

A newly developed subsea pile-stabilising template, StabFrame, has successfully completed its first project offshore Brazil.

GE Oil & Gas has received contracts totaling more than US$ 1 billion to supply a wide range of equipment and services for the Ichthys LNG project in Australia.

Alstom has won a contract to supply turbines and generators to the new Itezhi-Tezhi hydroelectric dam in Zambia.

An American Petroleum Institute poll has shown that nearly 80% of Florida voters favour more oil and natural gas development.

Underground coal gasification (UCG) developer, Wildhorse Energy, is close to completing its drilling and analysis at its Mecsek Hills project in Hungary, with multiple UCG-suitable coal seams indentified.

Xstrata has announced record production from its Australian thermal coal operations following the successful commissioning of the Mangoola mine. Production in Colombia was also up on the previous year, but down in South Africa where industrial action and restructuring saw production drop by 3%.