Stay up to date with the latest news and updates from the oil industry.
Steel maker ArcelorMittal has made an unexpected last-minute withdrawal from its US$ 5 billion joint bid for control of Macarthur Coal, leaving joint venture partner Peabody Energy to proceed with the takeover alone.
Total E&P UK, one of the largest operators in the UK sector of the North Sea, has extended its contract for AGR’s Riserless Mud Recovery system (RMR) by four years.
BP’s chief executive Bob Dudley ahs declared that BP has reached a turning point and is now profitable after the last disastrous year that it has been through following the Macondo oil spill.
The US Environmental Protection Agency (EPA) has announced that it intends to develop new wastewater discharge standards for coalbed methane (CBM) and shale gas extraction that could significantly increase the cost of disposal.
Kongsberg Oil & Gas Technologies (KOGT) has signed an agreement to supply a flexible risers and umbilicals installation system for the ‘Capstan Reel Installation System’ (CRIS), to the Offshore Installation Group (OIG).
China’s economy faces a strong headwind from power shortages and rising coal costs. Ng Weng Hoong assesses the threats.
Spectrum selects the Paradigm Echos suite for seismic processing and imaging across its global operations.
Kawasaki Heavy Industries (KHI) has announced that it will test its new technology at the world-leading European Marine Energy Centre (EMEC) in Orkney.
Multi-Client seismic specialists, Spectrum, have released details of over 10,000 km of 2D Multi-Client seismic data located over the Dreki/Jan Mayen Ridge (JMR) area offshore the north-eastern coast of Iceland.
The energy security strategies of states across the region, if not working in cooperation with each other, could have severe geopolitical and economic repercussions in a region where high food and oil prices threaten economic recovery and human security.
Fluor Offshore Solutions unit as been awarded a FEED contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for new offshore facilities located at the Nasr Field.
Wood Mackenzie’s Near-Term Market Outlook cautions of falling metallurgical coal prices from now to Q4 2012, dropping from the current quarterly price of US$ 285/t for premium metallurgical coal to under US$ 240/t.