Stay up to date with the latest news and updates from the oil industry.
Duke Energy and Progress Energy, Inc. announced today that both companies’ boards of directors have unanimously approved a definitive merger agreement to combine the two companies in a stock-for-stock transaction. The combined company, to be called Duke Energy, will be the country’s largest utility.
Arch Coal, Inc. today announced that it has acquired a 38% interest in Millennium Bulk Terminals-Longview, the owner of a bulk commodity terminal in exchange for US$ 25 million plus additional consideration upon the completion of certain project milestones.
Saponis Investments Sp. Z o.o., a 20% owned subsidiary of LNG Energy Ltd has spudded its first exploratory shale gas well in Poland.
The Rumaila Operating Organisation (ROO) has met a major milestone in the redevelopment of the super-giant field in Southern Iraq by increasing production by more than 10% above the 1.066 million bpd initial production rate agreed in December 2009.
Seneca Resources has acquired additional acreage in the Marcellus Shale from EOG Resources at a cost of US$ 23 million.
Gazprom Marketing & Trading and Gujarat State Petroleum Corporation have signed an LNG agreement.
Granherne, a subsidiary of KBR, has been selected by GDF SUEZ Bonaparte Pty Ltd to execute the pre-FEED study for the Bonaparte LNG Project.
Northern Petroleum Plc, has announced that the entire Great Oolite drilled reservoir sequence in Markwells Wood-I is oil bearing above the Horndean field oil water contact of 4446 ft sub-sea level.
Original US stalwart of carbon offsets joins global exchange.
January 2011: Kay Sever examines the importance of a great culture between operations and maintenance cannot be over-emphasised because it affects production, cost and morale.
Fridtjof Schucht and Stephen Harrison, Linde Gases, Germany, discuss the harmonised system of classification and labelling of chemicals.
Murphy Oil Corporation has announced that it has not found commercial quantities of oil in its recent drilling operations in Congo.