Oil & gas news
Saudi Arabia offers to pick up Iranian oil shortfall
The world’s leading oil exporter has offered to supply additional crude to India.
DNO output at record levels
DNO international has doubled production, reaching record levels.
JKC JV signs US$ 15 billion Ichthys contract
The partners of JKC JV have signed a contract worth US$ 15 billion with the Japanese owners of the project, Inpex.
API on energy tax
The American Petroleum Institute say the President’s budget would tax one of the nation’s biggest job creators.
India to postpone shale round until 2013
India has once again revised the date for the launch of its shale gas round.
Oil prices continue to rise over supply worries
Worries over possible Iranian interference in oil supplies going through the Strait of Hormuz are continuing to drive up prices.
Cockatoo Coal’s Surat projects approved for significant project status
Cockatoo Coal’s Collingwood and Taroom projects have received “significant project” status from the Government of Queensland.
New Petrobras CEO steps up
Maria das Gracas Foster officially became the new CEO of Petrobras on Monday
Petronas strikes gas offshore Borneo island
The Malaysian company Petronas has uncovered a significant natural gas reserve in the Kasawari field.
Weatherford dismisses Macondo claims
Weatherford International Ltd. has had all claims against the company in the multi-district litigation over the cause of the Macondo blowout and oil spill dismissed.