Oil & gas news

In a bid to boost production, Brazil’s state-run giant Petrobras has laid out plans to invest US$ 500 million in Argentinian projects.

Despite holding steady for the moment, Brent crude prices look set to suffer their steepest drop in over three months as global economic news disappoints.

Thiess has won the contract to perform the groundwork for the downstream section of the Wheatstone LNG project.

April 2012: Yesterday I spoke at a business conference in Phoenix about the “High Cost of Mixed Messages” sent by management teams. Included in my presentation was a story about “Dave”, the control room operator; the names were changed to protect the innocent…

The latest EIC Monitor quarterly report tracking new project announcements shows that the global energy industry has seen encouraging signs of growth in the first quarter of 2012.

BP has reached settlements with the plaintiffs over economic, medical and property claims brought about by the 2010 Gulf of Mexico oil spill: the total amount of compensation due to be paid is US$ 7.8 billion.

Despite international criticism and threats of economic retaliation, the Argentinian government has pressed on with its nationalisation of YPF, leaving the former owner Repsol with just a 6% share.

In a sudden escalation of rhetoric in the ongoing conflict between the two countries, Sudan’s President Omar Hassan al-Bashir declared that his country’s main goal is to liberate southern citizens from the SPLM.

Red Leaf and Total have formed a joint venture to test the viability of a new oil shale exploration technology in Utah.

WGP has returned to the high Arctic, entering into a recently announced turnkey contract with (SMG).