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Oil and Gas news

Gas boost helps DONG bottom line

Gas production at Denmark's DONG Energy leapt 81% in 2009, helping cushion a drop in earnings caused by lower oil, gas and power prices, the state-owned company said today.

Jurong bags P62 gig

SembCorp Marine’s subsidiary Jurong Shipyard has won a S$130 million (US$93 million) contract for pre-conversion work on a floater designated to work in Petrobras’ Roncador field off Brazil.

New green rules may hurt Pertamina

Indonesia's state oil company Pertamina may miss its crude oil production target of 190,000 barrels per day in 2010 if a new environmental law is enforced, a company official said today.

BP takes $7bn bite of Devon

UK supermajor BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the US producer refocuses on onshore US fields.

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