Oil & gas news

Det Norske Oljeselskap has been given the all clear to begin development of its Jette field.

Coal production and exports in Colombia rose last year, with predictions that production will hit 97 million t in 2012.

Because of its deals with the Kurdistan region, ExxonMobil has been banned from the latest round of bidding in Iraq.

As well as welcoming a new CEO, Petrobras has brought in two new directors.

TNK-BP has outlined plans covering US$ 4 billion worth of Arctic gas and oilfield development.

Drilling company Sevan, has announced a increased net loss and raised concerns over financing other projects.

Technip has reported a rise in profits, fuelled by strong oil prices.

Ludowici, an Australian mining equipment supplier, finds itself in the centre of a bidding war between FLSmidth and the Weir Group.

Apache has cited high production levels and increased oil prices as the reasons behind soaring profit and revenues.

Santos has announced that a new gas reservoir offshore Bangladesh has been discovered.