Stay up to date with the latest news and updates from the oil industry.
Oracle Coalfields plc has announced that it has entered into two Memorandums of Understanding (MOUs) to supply its lignite to two local customers: Karachi Electric Supply Co. (KESC) and Lucky Cement Ltd.
Two of the latest announcements from Africa.
Peabody Energy has reported better than expected results for 2009. EBITDA was US$ 1.29 billion, while revenue totaled US$ 6.01 billion on sales of 243 million t. Asia is driving demand and will continue to do so in 2010. In the US, a recovering economy is expected to increase the raise consumption of coal by 60 – 80 million t.
Fernando Luiz Zancan, Brazilian Coal Association, Brazil, provides an overview of the country's coal industry and examines its future prospects.
Statoil has awarded Baker Hughes two year extensions on two contracts in Norway. The contracts are for the provision of drill bits, directional drilling, formation evaluation and related services on 10 - 12 rigs operating in multiple fields offshore Norway.
Chevron Australia Pty Ltd has announced successful drilling in the Greater Gorgon area in the Carnarvon Basin offshore Western Australia. The Yellowglen-1 exploration well is located in the WA-268-P permit area approximately 250 km northwest of Onslow.
Westar Energy has agreed to spend approximately US$ 500 million to significantly reduce harmful air pollution from a Kansas power plant and pay a US$ 3 million civil penalty under a settlement to resolve violations of the Clean Air Act.
A new type of continuous barge unloader (CBU) from ThyssenKrupp Fördertechnik will be put into operation at the Bontang Coal Terminal this Spring.
A brief overview of two of the latest refining projects
February 2010: Kay Sever asks if companies really understand their improvement shortfalls?
The Norwegian energy ministry has awarded Wintershall Norge ASA working interests in four new exploration licenses in the current licensing round, APA 2009. They comprise two new licenses in the Norwegian North Sea, one license in the Norwegian Sea and one license in the Barents Sea for the BASF subsidiary.
An overview of the North American natural gas industry