Oil & gas news
E&P under fire in the Asia-Pacific region
Territorial disputes fuelled by the prospect of oil and gas reserves are hindering E&P activities in the Asia-Pacific region.
Saipem breaks records with latest profits
Italian oilfield services contractor, Saipem has hit record profit levels.
Greek budget deal leads to rise in crude prices
The Greek government has agreed to strict austerity measures, leading to a rise in crude prices.
Petrobras in investment difficulties
Figures show that the Brazilian state player reduced investment by 5.1% in 2011.
Total sees 16% rise in profits
French company Total has announced a 16% rise in profits.
Sinopec to boost production in Xinjiang
China Petroleum and Chemical Corp. has unveiled plans to invest US$ 8.41 billion by 2015.
ONGC hits gas five times
Indian state owned ONGC has made five gas discoveries, one of which has been labelled “very significant”
Australian BHP miners to strike for 7 days
After failing to reach agreements over job security miners in Australia have declared a seven day strike at BHP coking mines.
Petrobras in US$ 76.3 billion rig lease deal.
Brazil’s Petrobras has plans to lease 26 rigs over 15 years.
Russian state oilfield services company proposed
A letter to Prime Minister Vladimir Putin has outlined intentions to create a state owned oilfield services company.