Stay up to date with the latest news and updates from the oil industry.
US gas prices are increasing but in the long-term such high prices are unsustainable, as there is likely to be continued investment in exploiting new resources which will bring prices down and demand is likely to fall if the American economy does not pick up.
Statoil has acquired the Eagle Ford Shale assets of Enduring Resources LLC, in partnership with Talisman Energy Inc.
GDF SUEZ is to supply China’s CNOOC with 2.6 million t of LNG over four years, starting in 2013.
Under new regulations, China’s mine managers are now required to accompany their workers underground. Failure to do so will result in hefty fines.
Air Liquide have joined the FutureGen 2.0 project to build an oxy-combustion coal fired plant with CCS technology incorporated.
Repsol and Qatargas have signed a multi year supply agreement for Qatar to supply LNG to Repsol’s Canaport LNG terminal.
Eurasia Drilling Company Limited (Eurasia) and Schlumberger have announced that they have signed a Letter of Intent to sell and purchase each other’s drilling and service assets, while entering a strategic alliance in the CIS.
An agreement between Powerfuel Power, B9 Coal and AFC Energy will see the latter company’s fuel cell technology installed at Powerfuel’s Hatfield site in the UK.
DNV has been contracted by the joint investigation team (JIT) of the departments of the Interior and Homeland Security for the forensic examination of the blowout preventer (BOP) and lower marine riser package that was fitted to the Macondo well in the Gulf of Mexico.
The US and Iceland have signed a bilateral agreement which aims to increase scientific and technological co-operation between the two nations to develop geothermal technology.
Spectrum ASB, the Australian subsidiary of Spectrum, has released a new large scale 3D multi-client seismic merge dataset, which provides a high resolution overview of the Carnarvon Basin.
October 2010: Kay Sever outlines how the transition to a maintenance planning culture from a ‘plan-free’ environment can be tough but it is worthwhile.