Stay up to date with the latest news and updates from the oil industry.
CIC Energy’s Mmamabula project could be the most significant economic milestone in Botswana’s development since the diamond mines opened. However, the project has had to cut back its potential by 50% and could face further uncertainty unless South Africa lets its power generator, Eskom, play a strong card soon.
BG Group and partners Petrobras and GALP have completed two drill stem tests on the Iracema well in the BM-S-11 appraisal area in the Santos Basin pre-salt, offshore Brazil. The well in-flow performance recorded during the tests was the highest achieved so far in BG Group's Santos Basin interests.
Westinghouse has now selected one of its largest shareholders as the lead contractor to build nuclear reactors in the UK. Originally, it was thought that Fluor would be awarded the contract.
GE Oil & Gas powers the world’s first offshore gravity-based LNG terminal.
Petrobras has completed the drilling of extension exploratory well 3-MA-32A in the Marimbá field, Campos Basin. The amount of recoverable oil has been estimated at 25 million bbls, which will increase Marimbá field's recoverable volume by 27%.
Arch Coal has agreed to lease the 9600 acres of GNP’s coal resources in Otter Creek, southeastern Montana, US. It is reported that the agreement could encourage Gov. Brian Schweitzer to lease adjacent coal tracts owned by the state.
Scottish and Southern Energy has announced that it will submit a planning application to develop the UK’s biggest carbon capture trial facility. The trial, which will be held at its Ferrybridge coal-fired power plant in Yorkshire, England, is planned to begin in 2011.
Marine energy resources around Scotland are the richest in Europe, with the Scottish coast being home to 25% of Europe’s total tidal and offshore wind resources and 10% of its potential wave power.
At its annual Pipeline Integrity Seminar (PIMS), Nace International will focus on how pipeline owners and operators can take advantage of the new PHMSA 80% Rule for pipelines.
As we near the end of 2009, all the energy sectors are starting to show signs of recovery, from nuclear power to renewables, this can be seen in the upsurge in project commissioning.
A new report from the Pacific Research Institute (PRI) explores 10 common myths about energy in America. The aim of the report is to put accurate information into the public domain that might inform those who will be involved in marking up the Clean Energy Jobs and American Power Act in the US Senate.
A report has suggested that alternative energy systems will not be able to completely replace fossil fuels, and a major rethink on the dynamics of the modern world is required to adjust to the changing situation.