Oil & gas news

Xstrata Coal has resumed operations at its Blakefield South mine, and expects to return to full production by mid-July.

Russian oil company Bashneft posted increased profits for Q1 of this year, citing higher output and improved sales.

A group led by Kuwait Energy has won Block 9 in Iraq’s latest oil and gas bidding round. Tougher contracts could be scaring off investors.

The price of Brent crude has fallen again, risking its biggest monthly drop in two years. Disappointing news from China and fears about the Spanish banking system has, at least temporarily, eroded gains made as a result of the Iranian nuclear question.

Statoil has revealed that a gas leak occurred at the company’s Norwegian North Sea Heimdal platform.

Spanish company Repsol has revealed major plans designed to increase growth through extensive use of the company’s upstream wing over the next four years.

Eni has made a significant oil discovery at the Emry Deep exploration prospect, located in the Meleiha Concession, in the Western Desert of Egypt, 290 km south west of Alexandria.

BP yesterday signed a MoU to provide long-term LNG supply to Indonesia’s state electricity company.

Royal Dutch Shell has revealed that it plans to call a halt on its oil exploration projects in the North African country of Libya. The company has blamed “disappointing results” which mean, “exploration cannot be economically justified.” BP has finally withdrawn its claims of force majeure, plans to enter talks with NOC.

May 2012: This article is not about the importance of being honest in the workplace. It is about the word 'brutal' and its hidden impact on the bottom line, the culture and management’s credibility.