Drilling & production - 01 March 2013

A new report from the IEA Clean Coal Centre discusses issues for developing Mongolia’s vast coal resources.

Repsol has sold its LNG assets to Shell for US$6.7 billion. The deal strengthens Repsol’s balance sheet and reduces its net debt by half.

Glencore has pushed back its tie-up with Xstrata again as it waits for regulatory approval from China.

Clean Coal Solutions, a joint venture supplying cleaner coal technologies to the coal-fired power sector, has announced a contract for a fifth refined coal facility.

Continuing the run of gloomy results in the mining sector, Brazilian mining giant Vale has posted a quarterly loss in Q4 2012 after writedowns of US$ 5.66 billion.