Stay up to date with the latest news and updates from the oil industry.
Riversdale Mining is set to raise AU$337 million to accelerate development of the Benga coal project, as well as explore the company’s other Mozambique tenements. The project has a production target of 20 million tpa by 2013.
Teekay LNG is raising funds by offering 1.7 million shares for sale.
BP has agreed to buy Verenium’s cellulosic biofuels business for US$ 98.3 million.
The US Department of Energy has released a report that outlines the economic impact of the Recovery Act in advanced batteries and vehicles.
For the first time since 20 April, oil has temporarily stopped leaking into the Gulf. BP is awaiting well integrity results to see how much pressure the well can endure.
The NOIA has criticised the new suspensions for being overly restrictive on their industry and the lack of consultation before its implementation.
Political uncertainty and renewed confidence in Kazakhstan’s investor appeal has led to the reinstatement of Kazakh oil export duty to squeeze foreign investors’ profit margins.
GTL Energy has successfully commissioned it’s first coal-upgrading plant in North Dakota, the plant processes low-rank coal to produce low moisture, high energy briquettes.
ADIPEC partners with Abu Dhabi Tawteen Council to foster Emiratisation in the energy sector
According to research by IMS Research, the solar market generated US 7.1 billion in Q2 2010 and they are predicting a further rise in Q3 2010.
The US Department of Energy has announced the selection of ten projects aimed at developing advanced technologies for capturing CO2 from coal combustion.
A new report by RNCOS has projected that global LNG growth will be healthy up to 2030, and India will be a major growth market for LNG.