Stay up to date with the latest news and updates from the oil industry.
A special IHS Herold Review on the oilfield services sector issued this month indicates a healthier growth outlook for the industry in 2011, despite being hard hit by the Gulf of Mexico (Gulf) drilling moratorium in 2010.
Oil accidents have prompted Danish industries and research to cooperate on new groundbreaking sonar technology. For the first time ever it will be possible to get a detailed picture of oil in the water column and on the seafloor.
Santos LNG has sold stakes in its Gladstone LNG project to KOGAS and Total and signed a 20 year supply agreement with KOGAS.
Calais LNG has formally withdrawn its application to build an LNG terminal in Calais, Maine.
The Department of Energy has provided a partial loan guarantee on the US$ 1.3 billion loan that will finance the Caithness Shepherds Flat project.
Chevron Corporation has sanctioned the development of its US$ 4 billion Big Foot development.
Over the next 20 years, South Africa intends to drastically reduce the use of coal as the country’s prime energy-fuel, and 30 years thereafter virtually remove it altogether from the energy-fuel mix. Barry Baxter asks if this could really happen.
The Caspian Pipeline Consortium is to expand its pipeline capacity to 67 million tpa at a cost of US$ 5.4 billion. The expansion will allow Kazakhstan to increase it oil exports.
Lanco Infratech Ltd, a major Indian infrastructure company, has acquired Western Australian coal miner, Griffin Coal Mining Co. Pty Ltd and Carpenter Mine Management Pty Ltd (Griffin Coal).
Churchill Mining has completed the purchase of the land to be used as the site of the future port facility for the shipment of coal from the East Kutai coal project. When complete, the port will be capable of handling 30 million tpa of coal and offer direct access to international markets.
Tullow Oil and its Jubilee partners are celebrating First Oil from the Jubilee field today. The first shipment is expected to be exported in January 2011.
Clean Coal technologies has signed an MOU to license its clean coal technology to Huamin Senior Funding Group, of China for US$ 1.5 million.