WorldOil ConocoPhillips awards brownfield services contract for Bayu-Undan ConocoPhillips has awarded Clough AMEC, a 50/50 joint venture between Clough and Amec Foster Wheeler, a three-year contract to provide asset support, operations and maintenance services to the Bayu-Undan offshore field development in the Timor Sea. Wood Group secures new ConocoPhillips contract in Timor-Leste and Australia Wood Group has won a new, multi-year contract with ConocoPhillips in Australia. Indian tycoon plans to invest $2.5 billion in Brazil oil and gas Videocon Industries Ltd., an Indian maker of consumer electronics with ambitions to become a major energy producer, plans to invest as much as $2.5 billion over three years in Brazilian oilfields, Chairman Venugopal Dhoot said. Regional report: Australia/Southeast Asia

LNG takes center stage in Australia and Southeast Asia