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The latest EIC Monitor tracking new active and future projects across the global energy industry shows a slight downturn this quarter (Q4: October – December 2010), with the total value of project announcements down nearly 8%.
Chesapeake has entered into a partnership with CNOOC Ltd, whereby CNOOC will purchase a 33.3% share in its Denver-Julesburg and Powder River Basins acreage.
ExxonMobil Neftegas Ltd has successfully drilled a 7.67 mile long extended reach well at the Sakhalin-1 project, setting a new world record in the process.
President Obama’s mixed message for natural gas in the State of the Union Address.
Cheniere Energy has signed an MOU with Sumitomo to contract 1.5 million tpa of bi-directional processing capacity at the Sabine pass LNG terminal.
ExxonMobil’s energy outlook shows rising global energy demand, shift toward natural gas and energy efficiency gains.
Charles T. Drevna, president of NPRA issued the following statement in response to President Obama’s State of the Union address.
Peabody Energy believes the world is in the early stages of a long-term supercycle for coal driven by increasing energy use in China, India and other emerging markets, global growth in steel consumption and a lack of alternative supplies with the cost and scale required.
The American Petroleum Institute has responded to Barack Obama’s State of the Union Address: ‘The President cant do more to create jobs’.
The board of Riversdale Mining Ltd, including the representative from Tata Steel Ltd (TSL), has unanimously recommended that Riversdale shareholders accept the offer by Rio Tinto to purchase all Riversdale shares for $16.00 cash/share.
Chevron Corporation has confirmed discoveries within the Moho-Bilondo licence in the Republic of the Congo.
WestSide Corp. Ltd, the operator of the Meridian SeamGas CSG gas fields in the Bowen basin, Queensland, Australia, has advised that drilling of a pilot production well commenced on 22 January 2011. The well will be drilled to a depth of 550 m.